Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 29, 2026
Mar. 30, 2025
Revenues:    
Owned restaurant net revenue $ 209,292 $ 207,398
Management, license, franchise and incentive fee revenue 3,524 3,731
Total revenues 212,816 211,129
Owned operating expenses:    
Owned restaurant cost of sales 40,534 43,120
Owned restaurant operating expenses 129,036 128,775
Total owned operating expenses 169,570 171,895
General and administrative (including stock-based compensation of $1,134 and $1,632 for the three periods ended March 29, 2026 and March 30, 2025, respectively 15,022 13,091
Depreciation and amortization 10,405 9,829
Lease termination and restaurant closure expenses 1,965 71
Pre-opening expenses 1,471 1,681
Transition and integration expenses 466 3,719
Transaction costs   69
Other expenses 20 45
Total costs and expenses 198,919 200,400
Operating income 13,897 10,729
Other expenses, net:    
Interest expense, net of interest income 9,746 9,822
Total other expenses, net 9,746 9,822
Income before provision for income taxes 4,151 907
Provision for income taxes 1,162 285
Net income 2,989 622
Less: net loss attributable to noncontrolling interest (213) (353)
Net income attributable to The ONE Group Hospitality, Inc. 3,202 975
Series A Preferred Stock paid-in-kind dividend and accretion (9,395) (7,591)
Net loss available to common stockholders $ (6,193) $ (6,616)
Net loss per common share:    
Net loss per common share Basic (in dollars per share) $ (0.2) $ (0.21)
Net loss per common share Diluted (in dollars per share) $ (0.2) $ (0.21)
Weighted average common shares outstanding: Basic (in shares) 31,282,911 31,045,156
Weighted average common shares outstanding: Diluted (in shares) 31,282,911 31,045,156