secwatch.observer — SEC 8-K summary
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Issuer:     ONE Group Hospitality, Inc. (STKS)
CIK:        0001399520
Form:       8-K
Filed at:   2026-03-13T23:59:59+00:00
Accession:  0001104659-26-027350
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1399520/000110465926027350/0001104659-26-027350-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1399520/000110465926027350/stks-20260313x8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-027350

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer