---
schema_version: "secwatch.filing_event.v1"
accession: "0000779544-25-000031"
form_type: "8-K"
ticker: "ARKR"
cik: "0000779544"
company_name: "ARK RESTAURANTS CORP"
filed_at: "2025-08-11T23:59:59+00:00"
generated_at: "2026-05-17T15:54:14.000393+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Ark Restaurants Q3 net loss of $3.45M; Bryant Park litigation costs $800K, Sequoia impairment $4.7M

## Summary
- $0.96 diluted EPS loss vs. $0.18 gain YoY; revenue $43.7M, down 13% (excluding divested units) due to Bryant Park event business decline.
- Litigation over Bryant Park leases cost >$800K in Q3; lease expired, landlord selected new operator, company appealing injunction denial.
- Sequoia (DC) recognized $4.7M non-cash impairment (ROU+long-lived); total goodwill impairment $3.44M in FY25; deferred tax valuation allowance $4.8M.
- Adjusted EBITDA $1.79M vs. $3.38M prior; same-store sales down 7.4% in Q3, largely at Bryant Park Grill.
- Credit agreement maturity extended to June 2028; facility reduced to $20M; tangible net worth covenant raised to $28M.

## SEC filing metadata
- accession: 0000779544-25-000031
- form_type: 8-K
- ticker: ARKR
- cik: 0000779544
- company_name: ARK RESTAURANTS CORP
- filed_at: 2025-08-11T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/779544/000077954425000031/0000779544-25-000031-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/779544/000077954425000031/arkr-20250811.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000779544-25-000031
- JSON: https://secwatch.observer/filing/0000779544-25-000031.json
- Plain text: https://secwatch.observer/filing/0000779544-25-000031.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.