Ark Restaurants Q2 net loss $9.3M on $39.7M revenue; Bryant Park lease dispute threatens 15% of sales

ARK RESTAURANTS CORP

2025-Q2 EPS reported -$1.69 revenue$84,714,000

Q2 net loss $9.26M ($2.57/share) vs $1.45M loss YoY; includes $4.8M deferred tax valuation allowance.
Q2 revenue $39.7M, down 6% YoY; same-store sales ex-closed units up 0.4%.
Adjusted EBITDA negative $(691K) vs $(321K) YoY; 26-week loss $6.1M.
Bryant Park Grill & Cafe and Porch leases expired; lawsuit filed after losing RFP; injunction denied; represent 15% of revenue.
Cash $11.1M, debt $4.3M; permanently closed El Rio Grande and Tampa Food Court.

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