---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-004576"
form_type: "8-K"
ticker: "FATAQ"
cik: "0001705012"
company_name: "Fat Brands, Inc"
filed_at: "2023-02-22T23:59:59+00:00"
generated_at: "2026-06-19T05:08:01.661610+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# FAT Brands Q4 revenue up 39.9% to $103.8M; net loss widens to $70.8M

## Summary
- Total revenue $103.8M (+39.9% YoY); full-year revenue $407.2M (+242.5%).
- Q4 net loss $70.8M ($4.29/diluted share) vs $19.6M loss in prior year; adjusted net loss $43.0M ($2.60/share).
- Q4 adjusted EBITDA $19.6M vs $10.4M; full-year adjusted EBITDA $88.8M vs $21.1M.
- Over 140 store openings in 2022, including 44 in Q4; 2023 guidance of 150-175 openings.
- System-wide same-store sales growth 2.7% in Q4, 6.0% for full year; system-wide sales growth 22.1% in Q4.

## SEC filing metadata
- accession: 0001628280-23-004576
- form_type: 8-K
- ticker: FATAQ
- cik: 0001705012
- company_name: Fat Brands, Inc
- filed_at: 2023-02-22T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1705012/000162828023004576/0001628280-23-004576-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1705012/000162828023004576/fat-20230222.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-004576
- JSON: https://secwatch.observer/filing/0001628280-23-004576.json
- Plain text: https://secwatch.observer/filing/0001628280-23-004576.txt

## Key facts
- Earnings Releases
  Fat Brands, Inc reported the fiscal year ended December 25, 2022 results: revenue $407.2 million, net income Net loss of $126.2 million, EPS $7.66 per diluted share.
  - Period: the fiscal year ended December 25, 2022
  - Revenue: $407.2 million
  - Net income: Net loss of $126.2 million
  - EPS: $7.66 per diluted share
  - Result: reported results
  source text: • Total revenue increased 242.5% to $407.2 million compared to $118.9 million in 2021 ◦ System-wide sales growth of 108.0% compared to 2021 ◦ Year-to-date system-wide same-store sales growth of 6.0% in 2022 compared to 2021 ◦ Over 140 new store openings during 2022 • Net loss of $126.2 million, or $7.66 per diluted share, compared to $31.6 million, or $2.15 per diluted share, in 2021
  evidence_url: https://www.sec.gov/Archives/edgar/data/1705012/000162828023004576/0001628280-23-004576-index.htm
- Earnings Releases
  Fat Brands, Inc reported the fourth quarter of 2022 results: revenue $103.8 million, net income Net loss of $70.8 million, EPS $4.29 per diluted share.
  - Period: the fourth quarter of 2022
  - Revenue: $103.8 million
  - Net income: Net loss of $70.8 million
  - EPS: $4.29 per diluted share
  - Result: reported results
  source text: • Total revenue improved 39.9% to $103.8 million compared to $74.2 million in the fourth quarter of 2021 ◦ System-wide sales growth of 22.1% in the fourth quarter of 2022 compared to the prior year quarter ◦ Year-to-date system-wide same-store sales growth of 2.7% in the fourth quarter of 2022 compared to the prior year ◦ 44 new store openings during the fourth quarter of 2022 and over 140 openings during the year • Net loss of $70.8 million, or $4.29 per diluted share, compared to $19.6 million, or $1.38 per diluted share, in the fourth quarter of 2021
  evidence_url: https://www.sec.gov/Archives/edgar/data/1705012/000162828023004576/0001628280-23-004576-index.htm

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