Quarterly report [Sections 13 or 15(d)]

Earnings Per Share

v3.25.3
Earnings Per Share
9 Months Ended
Sep. 28, 2025
Earnings Per Share  
Earnings Per Share

Note 11 – Earnings Per Share

Basic earnings per share is computed using the weighted average number of common shares outstanding during the period and income available to common stockholders. Diluted earnings per share is computed using the weighted average number of common shares outstanding during the period plus the dilutive effect of 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 three and nine periods ended September 28, 2025 and the three and nine months ended September 30, 2024, net loss per share was calculated as follows (in thousands, except net loss per share and related share data):

For the three periods ended September 28,

    

For the three months ended September 30,

    

For the nine periods ended September 28,

For the nine months ended September 30,

    

2025

    

2024

    

2025

    

2024

Net loss attributable to The ONE Group Hospitality, Inc.

$

(76,740)

$

(9,304)

$

(85,869)

$

(18,715)

Series A Preferred Stock paid-in-kind dividend and accretion

(8,535)

(7,125)

(24,263)

(11,663)

Net loss available to common stockholders

(85,275)

(16,429)

(110,132)

(30,378)

 

  

 

  

 

  

 

Basic weighted average shares outstanding

 

30,966,736

 

31,008,275

 

30,982,081

 

31,256,946

Dilutive effect of stock options, warrants and restricted share units

 

 

 

 

Diluted weighted average shares outstanding

 

30,966,736

 

31,008,275

 

30,982,081

 

31,256,946

 

  

 

  

 

  

 

  

Basic net loss per common share

$

(2.75)

$

(0.53)

$

(3.55)

$

(0.97)

Diluted net loss per common share

$

(2.75)

$

(0.53)

$

(3.55)

$

(0.97)

For the three periods ended September 28, 2025 and the three months ended September 30, 2024, 3.6 million and 3.1 million, respectively, of stock options, warrants and restricted share units were determined to be anti-dilutive and were therefore excluded from the calculation of diluted earnings per share. For the nine periods ended September 28, 2025 and the nine months ended September 30, 2024, respectively, 3.5 million and 2.3 million of stock options, warrants and restricted share units were anti-dilutive.