ONE Group Hospitality, Inc. STKS
We are an international restaurant company that develops, owns and operates, manages, franchises and licenses upscale and polished casual, high-energy restaurants. The Company's primary restaurant brands are: STK, a modern twist on the American steakhouse concept featuring premium steaks, seafood and specialty cocktails in an energetic upscale atmosphere; Benihana, an interactive dining destination with highly skilled chefs preparing food in front of guests and served in an energetic atmosphere alongside fresh sushi and innovative cocktails; Kona Grill, a polished casual bar-centric grill concept featuring American favorites, award-winning sushi, and specialty cocktails in a polished casual atmosphere; and RA Sushi, a Japanese cuisine concept that offers a fun-filled, bar-forward, upbeat, and vibrant dining atmosphere anchored by creative sushi, inventive drinks, and outstanding service.
Valuation FY2025 figures against the last close
Where the revenue comes from as reported in the latest 10-K
Revenue by segment
- Benihana
- STK
- Grill Concepts
- Other
| Segment | FY2025 |
|---|---|
| Benihana | $442.0M |
| STK | $211.3M |
| Grill Concepts | $137.8M |
| Other | $688.0K |
As the company reported it, from the “Segment Reporting (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $805.7M | $673.3M | $332.8M | $316.6M | $277.2M | $141.9M | $120.7M | $85.6M | $79.7M | $72.4M |
| SG&A | $52.5M | $44.2M | $30.8M | $29.1M | $25.6M | $13.9M | $11.5M | $11.1M | $11.9M | $11.2M |
| Total operating expenses | — | — | — | — | — | — | — | $64.7M | $62.0M | $57.1M |
| Operating income | $8.0M | $8.9M | $9.3M | $16.3M | $19.4M | -$13.7M | $12.8M | $5.8M | -$2.7M | -$5.6M |
| Interest expense | $37.1M | $28.8M | $7.4M | $1.7M | $3.3M | $4.4M | $1.7M | $1.0M | $1.0M | $800.0K |
| Pre-tax income | -$32.9M | -$26.4M | $2.3M | $14.2M | $33.5M | -$19.0M | $10.0M | $4.6M | -$3.8M | -$6.0M |
| Income tax | $60.7M | $8.4M | $1.8M | $874.0K | $1.6M | $5.4M | $11.2M | $713.0K | $600.0K | $10.4M |
| Net income | -$92.2M | -$17.1M | $4.7M | $13.5M | $31.3M | -$12.8M | $20.8M | $3.3M | -$4.2M | -$16.7M |
| EPS, basic | -4.05 | -1.16 | 0.15 | 0.42 | 1.01 | -0.44 | 0.73 | 0.12 | -0.17 | — |
| EPS, diluted | -4.05 | -1.16 | 0.15 | 0.40 | 0.93 | -0.44 | 0.70 | 0.12 | -0.17 | -0.66 |
| Shares, diluted (wtd. avg.) | 31.0M | 31.2M | 32.3M | 33.9M | 33.8M | 28.9M | 29.6M | 28.1M | 25.4M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $4.2M | $27.6M | $21.0M | $55.1M | $23.6M | $24.4M | $12.3M | $1.6M | $1.5M | $918.0K |
| Receivables | $15.4M | $12.3M | $10.0M | $15.2M | $11.4M | $5.8M | $10.4M | $7.0M | $5.5M | $5.0M |
| Inventory | $9.8M | $11.3M | $6.2M | $5.7M | $3.9M | $2.5M | $3.1M | $1.4M | $1.4M | $1.3M |
| Total current assets | $56.9M | $69.3M | $46.7M | $78.5M | $42.9M | $34.4M | $27.1M | $11.5M | $9.8M | $9.3M |
| Property, plant and equipment | $278.2M | $276.1M | $139.9M | $94.1M | $69.6M | $67.3M | $70.5M | $39.3M | $37.8M | $36.8M |
| Goodwill | $155.8M | $155.8M | — | — | — | — | — | — | — | — |
| Other intangibles | $129.0M | $133.1M | $15.3M | $15.3M | $15.5M | $16.3M | $17.2M | — | — | — |
| Total assets | $884.2M | $960.1M | $317.2M | $291.0M | $229.8M | $215.6M | $206.6M | $56.0M | $53.0M | $52.1M |
| Accounts payable | $36.6M | $30.9M | $19.1M | $13.1M | $11.1M | $7.4M | $8.3M | $5.4M | $5.3M | $3.8M |
| Short-term debt | $9.3M | $6.1M | $1.5M | $1.5M | $500.0K | $588.0K | $749.0K | $3.2M | $3.2M | $3.2M |
| Total current liabilities | $133.2M | $131.4M | $58.2M | $45.7M | $42.3M | $40.7M | $28.1M | $17.8M | $16.9M | $13.2M |
| Long-term debt | $334.0M | $328.1M | $70.4M | $70.5M | $23.1M | $45.1M | $45.2M | $7.1M | $10.1M | $13.1M |
| Total liabilities | $772.7M | $758.7M | $249.9M | $222.4M | $169.3M | $193.6M | $172.7M | $43.9M | $46.5M | $44.8M |
| Retained earnings | -$93.2M | — | $28.9M | $24.2M | $10.6M | -$20.7M | -$7.9M | -$28.7M | -$32.0M | -$27.8M |
| Total equity | -$75.8M | $45.9M | $67.4M | $68.6M | $60.5M | $22.0M | $34.3M | $12.5M | $7.5M | $7.4M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $30.3M | $44.2M | $30.8M | $25.3M | $31.0M | $431.0K | $8.4M | $6.4M | $6.0M | $2.1M |
| Depreciation and amortisation | — | — | — | — | — | — | — | $2.8M | $3.1M | $2.6M |
| Stock-based compensation | $5.4M | $6.0M | $5.0M | $4.0M | $3.2M | $1.8M | $1.3M | $1.3M | $1.1M | $838.0K |
| Capital expenditure | $57.6M | $71.6M | $53.5M | $32.6M | $11.5M | $5.8M | $4.4M | $4.1M | $4.6M | $10.6M |
| Investing cash flow | -$57.6M | -$441.4M | -$53.5M | -$32.6M | -$11.5M | -$5.8M | -$30.4M | -$3.5M | -$4.3M | -$10.1M |
| Financing cash flow | $3.9M | $404.3M | -$11.2M | $39.1M | -$20.3M | $17.4M | $33.1M | -$2.2M | -$938.0K | $8.3M |
| Buybacks | $1.1M | $3.2M | $7.9M | $7.1M | $37.0K | — | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-041530.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $72.4M | $79.7M | $85.6M | $120.7M | $141.9M | $277.2M | $316.6M | $332.8M | $673.3M | $805.7M |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Net income | -$16.7M | -$4.2M | $3.3M | $20.8M | -$12.8M | $31.3M | $13.5M | $4.7M | -$17.1M | -$92.2M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Auditor changed The company changed auditors. Sometimes routine; historically one of the more reliable warnings that something is wrong. Item 4.01
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Results announced Item 2.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Other event Item 8.01
- Results announced Item 2.02
- Results announced Item 2.02
- Other event Item 8.01
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Other event Item 8.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 5812
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|---|---|---|---|---|
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| YUM | YUM BRANDS INC | $40.85B | 27.0x | 8.8% |
| CMG | CHIPOTLE MEXICAN GRILL INC | $34.82B | 24.1x | 5.4% |
| QSR | Restaurant Brands International Inc. | $26.22B | 32.1x | 12.2% |
| DRI | DARDEN RESTAURANTS INC | $24.23B | 20.5x | 9.4% |
| YUMC | Yum China Holdings, Inc. | $15.25B | 17.7x | 4.4% |
| ARMK | Aramark | $13.86B | 43.1x | 6.4% |
| TXRH | Texas Roadhouse, Inc. | $10.87B | 27.2x | 9.4% |