The ONE Group Hospitality, Inc. Annual report [Section 13 and 15(d), not S-K Item 405]

Annual report [Section 13 and 15(d), not S-K Item 405]

Earnings (loss) per share

Earnings (loss) per share

12 Months Ended

Dec. 28, 2025

Note 11 – Earnings (loss) per share

Basic loss per share is computed using the weighted average number of common shares outstanding during the period and loss available to common stockholders. Diluted loss per share is computed using the weighted average number of common shares outstanding during the period plus the dilutive effect of all potential shares of common stock including common stock issuable pursuant to stock options, warrants, and restricted stock units. The two-class method for computing earnings per share will be utilized when applicable.

For the years ended December 28, 2025 and December 31, 2024, loss per share was calculated as follows (in thousands, except loss per share and related share data):


		Year ended December 28,			Year ended December 31,
		2025			2024
Net loss attributable to The ONE Group Hospitality, Inc.		$	(92,241)		$	(17,098)
Series A Preferred Stock paid-in-kind dividend and accretion			(33,218)			(19,142)
Net loss attributable to common stockholders			(125,459)			(36,240)

Basic weighted average shares outstanding			31,015,129			31,154,765
Dilutive effect of stock options, warrants and restricted share units			—			—
Diluted weighted average shares outstanding			31,015,129			31,154,765

Net loss available to common stockholders per share - Basic		$	(4.05)		$	(1.16)
Net loss available to common stockholders per share - Diluted		$	(4.05)		$	(1.16)

For the years ended December 28, 2025 and December 31, 2024, stock options, warrants and restricted share units totaling 3.5 million and 2.5 million, respectively, were determined to be anti-dilutive and were therefore excluded from the calculation of diluted loss per share.