One Group Hospitality | 10-Q: FY2025 Q3 Revenue Misses Estimate at USD 180.2 M

Revenue: As of FY2025 Q3, the actual value is USD 180.2 M, missing the estimate of USD 191.14 M.

EPS: As of FY2025 Q3, the actual value is USD -2.75, missing the estimate of USD -0.44.

EBIT: As of FY2025 Q3, the actual value is USD 2.61 M.

Segment Revenue

• STK Segment: Owned restaurant net revenue was $45.8 million for the three periods ended September 28, 2025, compared to $44.7 million for the three months ended September 30, 2024.
• Benihana Segment: Owned restaurant net revenue was $99.9 million for the three periods ended September 28, 2025, compared to $103.8 million for the three months ended September 30, 2024.
• Grill Concepts Segment: Owned restaurant net revenue was $31.4 million for the three periods ended September 28, 2025, compared to $41.8 million for the three months ended September 30, 2024.

Operational Metrics

• Operating Loss: The company reported an operating loss of $7.9 million for the three periods ended September 28, 2025, compared to an operating loss of $3.6 million for the three months ended September 30, 2024.
• Net Loss: The net loss attributable to The ONE Group Hospitality, Inc. was $76.7 million for the three periods ended September 28, 2025, compared to $9.3 million for the three months ended September 30, 2024.

Cash Flow

• Net Cash Provided by Operating Activities: $17.2 million for the nine periods ended September 28, 2025, compared to $25.7 million for the nine months ended September 30, 2024.
• Net Cash Used in Investing Activities: - $44.2 million for the nine periods ended September 28, 2025, compared to - $423.6 million for the nine months ended September 30, 2024.
• Net Cash Provided by Financing Activities: $4.8 million for the nine periods ended September 28, 2025, compared to $405.6 million for the nine months ended September 30, 2024.

Unique Metrics

• Restaurant Operating Profit: Decreased by $4.4 million, or 17.9%, to $20.1 million for the three periods ended September 28, 2025, compared to $24.5 million for the three months ended September 30, 2024.

Future Outlook and Strategy

• Core Business Focus: The company plans to open five to seven new venues in 2025, with several restaurants already opened in the first half of the year.
• Non-Core Business: The company closed one RA Sushi restaurant and terminated a license agreement for one STK restaurant during the third quarter of 2025.