---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-107731"
form_type: "8-K"
ticker: "STKS"
cik: "0001399520"
company_name: "ONE Group Hospitality, Inc."
filed_at: "2025-11-06T23:59:59+00:00"
generated_at: "2026-05-16T23:34:48.498951+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# ONE Group Q3 revenue $180.2M, net loss $76.7M; plans Grill closures/conversions

## Summary
- Total GAAP revenues $180.2M, down 7.1% YoY; consolidated comparable sales -5.9%.
- GAAP net loss $76.7M vs $9.3M loss YoY, driven by $64M non-cash tax valuation allowance and $3.4M impairment.
- Adjusted EBITDA $10.6M vs $14.9M YoY; six underperforming Grill units closed, up to nine conversions planned.
- FY 2025 guidance: revenues $820-825M, consolidated adjusted EBITDA $95-100M, comparable sales -3% to -2%.
- Early Q4 sales improved; holiday bookings robust; $16.3M cash, $28.1M credit facility available.

## SEC filing metadata
- accession: 0001104659-25-107731
- form_type: 8-K
- ticker: STKS
- cik: 0001399520
- company_name: ONE Group Hospitality, Inc.
- filed_at: 2025-11-06T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1399520/000110465925107731/0001104659-25-107731-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1399520/000110465925107731/stks-20251106x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-107731
- JSON: https://secwatch.observer/filing/0001104659-25-107731.json
- Plain text: https://secwatch.observer/filing/0001104659-25-107731.txt

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