{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-25-036715","form_type":"8-K","ticker":"FATAQ","cik":"0001705012","company_name":"Fat Brands, Inc","filed_at":"2025-07-30T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.722490+00:00","generated_at":"2026-05-17T23:07:29.557629+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"FAT Brands Q2 revenue down 3.4% to $146.8M; net loss widens to $54.2M","bullets":["Net loss of $54.2M ($3.17 per diluted share) vs $39.4M loss ($2.43) in Q2 2024; adjusted net loss of $49.0M ($2.88).","Total revenue fell 3.4% to $146.8M; system-wide same-store sales declined 3.9%.","Opened 18 new locations; pipeline of ~1,000 signed deals with goal of >100 openings in 2025.","Secured bondholder agreement to convert amortizing bonds to interest-only, generating $30-40M annual cash savings; dividend pause remains, preserving $36-40M annually.","Negative EBITDA of $6.0M vs positive $6.8M a year ago; adjusted EBITDA flat at $15.7M; G&A up 50.3% due to share-based comp and ERC reversal."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-25-036715","json":"https://secwatch.observer/filing/0001628280-25-036715.json","markdown":"https://secwatch.observer/filing/0001628280-25-036715.md","text":"https://secwatch.observer/filing/0001628280-25-036715.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1705012/000162828025036715/0001628280-25-036715-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1705012/000162828025036715/fat-20250730.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T23:07:29.557629+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}