---
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"
generated_at: "2026-05-17T23:07:29.557629+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# FAT Brands Q2 revenue down 3.4% to $146.8M; net loss widens to $54.2M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- 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/1705012/000162828025036715/0001628280-25-036715-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1705012/000162828025036715/fat-20250730.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-036715
- JSON: https://secwatch.observer/filing/0001628280-25-036715.json
- Plain text: https://secwatch.observer/filing/0001628280-25-036715.txt

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