---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-22-016260"
form_type: "8-K"
ticker: "STKS"
cik: "0001399520"
company_name: "ONE Group Hospitality, Inc."
filed_at: "2022-11-03T23:59:59+00:00"
generated_at: "2026-06-22T08:35:12.241765+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# ONE Group Q3 2022 GAAP net income falls to $0.5M from $11.7M; revenue up 1.6%

## Summary
- Total GAAP revenues $73.0M, up 1.6% YoY; GAAP net income $0.5M ($0.01 EPS) vs $11.7M ($0.34 EPS).
- Adjusted EBITDA down 29% to $7.1M; Restaurant Operating Profit down 21.3% to $9.1M (13.1% of owned rev).
- Consolidated comparable sales +0.5% vs 2021 and +45.6% vs 2019; STK comp +70.6% vs 2019.
- Opened STK San Francisco (Aug 2022) and STK Dallas (Nov 2022); six more venues planned by Q1 2023.
- Repurchased 500K shares for $3.5M under $10M buyback authorization; cash $17.5M at Sep 30, 2022.

## SEC filing metadata
- accession: 0001558370-22-016260
- form_type: 8-K
- ticker: STKS
- cik: 0001399520
- company_name: ONE Group Hospitality, Inc.
- filed_at: 2022-11-03T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/1399520/000155837022016260/0001558370-22-016260-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1399520/000155837022016260/stks-20221103x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-22-016260
- JSON: https://secwatch.observer/filing/0001558370-22-016260.json
- Plain text: https://secwatch.observer/filing/0001558370-22-016260.txt

## Key facts
- Earnings Releases
  ONE Group Hospitality, Inc. reported third quarter ended September 30, 2022 results: revenue $73.0 million, net income $0.5 million, EPS $0.01 per share.
  - Period: third quarter ended September 30, 2022
  - Revenue: $73.0 million
  - Net income: $0.5 million
  - EPS: $0.01 per share
  - Result: reported results
  source text: for the third quarter ended September 30, 2022. ​ Highlights for the third quarter compared to the same period in 2021 are as follows: ​ ● Total GAAP revenues increased 1.6% to $73.0 million from $71.9 million; ● GAAP net income attributable to The ONE Group was $0.5 million, or $0.01 per share ($0.07 adjusted net income per share) ****, compared to GAAP net income
  evidence_url: https://www.sec.gov/Archives/edgar/data/1399520/000155837022016260/0001558370-22-016260-index.htm

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