Ark Restaurants Reports Q4 and Fiscal 2025 Results with Net Loss of $1.9M and Ongoing Bryant Park Litigation

ARK RESTAURANTS CORP

Net loss for Q4 fiscal 2025 was $(1,919,000) or $(0.53) per share, compared to $(4,457,000) or $(1.24) per share in the prior year.
Adjusted EBITDA for Q4 was negative $(1,071,000), down from positive $503,000, driven by over $400,000 in litigation expenses related to Bryant Park.
Bryant Park Grill & Café and The Porch at Bryant Park accounted for $25.5 million (15.4%) of total revenue; leases expired and a lawsuit over new operator selection is ongoing.
The company recognized a $3.44 million goodwill impairment in fiscal 2025 due to stock price decline and Bryant Park uncertainty, plus $4.7 million in impairment charges at its Sequoia property.
A gain of $5.235 million was recorded from termination of the Tampa Food Court lease, while El Rio Grande closure resulted in a net gain of $173,000 after prior loss.

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