---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-023839"
form_type: "8-K"
ticker: "FATAQ"
cik: "0001705012"
company_name: "Fat Brands, Inc"
filed_at: "2025-05-08T23:59:59+00:00"
generated_at: "2026-05-22T04:53:26.371429+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# FAT Brands Q1 revenue down 6.5% to $142M, net loss widens to $46M

## Summary
- Net loss $46.0M ($2.73/sh) vs $38.3M ($2.37) prior year; adjusted net loss $38.7M ($2.32).
- Total revenue $142.0M, down 6.5% YoY; system-wide same-store sales fell 3.4%.
- EBITDA $2.1M vs $9.4M; adjusted EBITDA $11.1M vs $18.2M.
- Opened 23 new locations in Q1 (37% increase YoY); on track for >100 openings in 2025.
- Spin-off of Twin Hospitality delivered $50M dividend to shareholders; planning refranchising of 57 Fazoli's locations.

## SEC filing metadata
- accession: 0001628280-25-023839
- form_type: 8-K
- ticker: FATAQ
- cik: 0001705012
- company_name: Fat Brands, Inc
- filed_at: 2025-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1705012/000162828025023839/0001628280-25-023839-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1705012/000162828025023839/fat-20250508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-023839
- JSON: https://secwatch.observer/filing/0001628280-25-023839.json
- Plain text: https://secwatch.observer/filing/0001628280-25-023839.txt

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