---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-027350"
form_type: "8-K"
ticker: "STKS"
cik: "0001399520"
company_name: "ONE Group Hospitality, Inc."
filed_at: "2026-03-13T23:59:59+00:00"
generated_at: "2026-05-15T12:24:36.238549+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# ONE Group Q4 revenue down 6.7%; FY net loss widens to $92M; 2026 EBITDA target $100-110M

## Summary
- Q4 total GAAP revenues $207M (-6.7% YoY); comparable sales -1.8%; GAAP net loss $6M vs net income $2M last year.
- FY2025 revenues $806M (+19.7%); net loss $92M vs $17M, driven by $69M tax valuation allowance and $11M impairment.
- Closed six underperforming Grill locations in 2025; up to five more units to convert to Benihana/STK in 2026.
- FY2026 guidance: revenues $840-855M; consolidated adjusted EBITDA $100-110M; comparable sales +1% to +3%.
- Total liquidity $51M; credit facility has no financial covenants; $38-42M capex planned for 2026.

## SEC filing metadata
- accession: 0001104659-26-027350
- form_type: 8-K
- ticker: STKS
- cik: 0001399520
- company_name: ONE Group Hospitality, Inc.
- filed_at: 2026-03-13T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1399520/000110465926027350/0001104659-26-027350-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1399520/000110465926027350/stks-20260313x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-027350
- JSON: https://secwatch.observer/filing/0001104659-26-027350.json
- Plain text: https://secwatch.observer/filing/0001104659-26-027350.txt

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