--- title: "Fat Brands Pref Share FATBP 8.25 12/31/49 | 8-K: FY2025 Q3 Revenue: USD 140.01 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/264500081.md" datetime: "2025-11-05T21:25:11.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/264500081.md) - [en](https://longbridge.com/en/news/264500081.md) - [zh-HK](https://longbridge.com/zh-HK/news/264500081.md) generator: "portal-rs" --- # Fat Brands Pref Share FATBP 8.25 12/31/49 | 8-K: FY2025 Q3 Revenue: USD 140.01 M Revenue: As of FY2025 Q3, the actual value is USD 140.01 M. EPS: As of FY2025 Q3, the actual value is USD -3.39. EBIT: As of FY2025 Q3, the actual value is USD -15.6 M. ### Segment Revenue - **Royalties**: $21.6 million for Q3 2025, down from $22.4 million in Q3 2024. - **Restaurant Sales**: $96.6 million for Q3 2025, down from $99.2 million in Q3 2024. - **Advertising Fees**: $9.1 million for Q3 2025, down from $9.7 million in Q3 2024. - **Factory Revenues**: $9.6 million for Q3 2025, slightly up from $9.5 million in Q3 2024. - **Franchise Fees**: $1.5 million for Q3 2025, down from $2.6 million in Q3 2024. - **Other Revenue**: $1.5 million for Q3 2025, with no comparable figure for Q3 2024. ### Operational Metrics - **Net Loss**: $58.2 million for Q3 2025, compared to $44.8 million in Q3 2024. - **Negative EBITDA**: -$7.7 million for Q3 2025, compared to positive $1.7 million in Q3 2024. - **Adjusted EBITDA**: $13.1 million for Q3 2025, down from $14.1 million in Q3 2024. - **Loss from Operations**: $17.4 million for Q3 2025, compared to $8.8 million in Q3 2024. ### Cash Flow - **Dividend Pause**: Preserving $35-$40 million in annual cash flow. - **Interest Expense**: $41.5 million for Q3 2025, compared to $35.5 million in Q3 2024. ### Unique Metrics - **Co-Branding Initiatives**: The first dual-branded Round Table Pizza and Fatburger location in California has more than doubled weekly sales and transactions compared to its prior standalone format. - **System-Wide Sales**: $567.5 million for Q3 2025, compared to $600.7 million in Q3 2024, reflecting a decline. - **Same-Store Sales Decline**: -3.5% system-wide. ### Outlook / Guidance - FAT Brands is focused on strategic expansion with approximately 900 committed locations expected to contribute $50-$60 million in incremental EBITDA once fully operational. - The company plans to accelerate the build-out of a 1,000+ unit new store pipeline and drive adjusted EBITDA growth by approximately $10 million from new stores and $5 million from factory operations. - FAT Brands aims to maintain strong liquidity and continue building net asset value for future liquidity events, such as debt reduction. ### Related Stocks - [FATBP.US](https://longbridge.com/en/quote/FATBP.US.md) - [FATPQ.US](https://longbridge.com/en/quote/FATPQ.US.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**