The ONE Group Hospitality Inc. reports third quarter revenue of $180.2 million and net loss of $76.7 million
The ONE Group Hospitality Inc. reported a third quarter revenue of $180.2 million, down 7.1% from $194.0 million in the same quarter last year. The company experienced a net loss of $76.7 million, significantly higher than the previous year's loss of $9.3 million, mainly due to increased income tax expenses and impairment losses. Adjusted EBITDA fell to $10.6 million. The company closed six underperforming Grill locations and plans to convert more units to Benihana or STK formats, with new openings planned for 2025.
The ONE Group Hospitality Inc. reported financial results for the third quarter ended September 28, 2025. Total GAAP revenues decreased 7.1% to $180.2 million from $194.0 million in the same quarter of 2024. Consolidated comparable sales declined 5.9%. GAAP net loss attributable to The ONE Group increased by $67.4 million to $76.7 million, compared to a net loss of $9.3 million in the prior year period, primarily due to a $64.0 million increase in income tax expense and a $3.4 million non-cash loss on impairment related to the Grill optimization strategy. Adjusted EBITDA attributable to The ONE Group decreased to $10.6 million from $14.9 million. During the quarter, the company closed six underperforming Grill locations and plans to convert up to nine additional Grill units to Benihana or STK formats by the end of 2026. One RA Sushi to STK conversion opened in October in Scottsdale, Arizona. In 2025, the company has opened an owned Benihana restaurant in San Mateo, California and plans to open five to seven new venues by year-end. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. The ONE Group Hospitality Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20251106598767) on November 06, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT)
