The ONE Group Hospitality Inc 2025年季度报告

646-624-2400(Registrant’s telephone number, including area code) Securities registered pursuant to Section12(b)of the Act: Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or15(d)of the Securities Exchange Act of 1934 during the preceding 12months (or for such shorter period that theregistrant was required to file such reports) and (2)has been subject to such filing requirements for the past 90days.Yes⌧No◻ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required tobe submitted pursuant to Rule405 of Regulation S-T (§232.405 of this chapter) during the preceding 12months (orfor such shorter period that the registrant was required to submit such files).Yes⌧No◻ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-acceleratedfiler, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,”“accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule12b-2 of the Exchange Act. Accelerated filer⌧Smaller reporting company⌧Emerging growth company◻ Large accelerated filer◻Non-accelerated filer◻ If an emerging growth company, indicate by a check mark if the registrant has elected not to use the extendedtransition period for complying with any new or revised financial accounting standards provided pursuant toSection13(a)of the Exchange Act.◻ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act).Yes☐No⌧ Number of shares of common stock outstanding as of October 31, 2025:31,104,781 TABLE OFCONTENTS PagePARTI– Financial InformationItem1. Financial Statements3Item2. Management’s Discussion and Analysis of Financial Condition and Results of Operations23Item3. Quantitative and Qualitative Disclosures About Market Risk36Item4. Controls and Procedures36 2PARTII – Other InformationItem 1. Legal Proceedings36Item 1A. Risk Factors36Item 2. Unregistered Sales of Equity Securities and Use of Proceeds36Item 5. Other Information37Item 6. Exhibits37Signatures38 THE ONE GROUP HOSPITALITY,INC.CONDENSED CONSOLIDATED BALANCE SHEETS(Unaudited, in thousands, except share information) THE ONE GROUP HOSPITALITY,INC.CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(Unaudited, in thousands, except income per share and related share information) THE ONE GROUP HOSPITALITY,INC.CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME(Unaudited, in thousands) THE ONE GROUP HOSPITALITY,INC.CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY ANDSERIES A PREFERRED STOCK(Unaudited, in thousands, except share information) THE ONE GROUP HOSPITALITY,INC.CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(Unaudited, in thousands) THE ONE GROUP HOSPITALITY,INC.Notesto Condensed Consolidated Financial Statements(Unaudited) Note1– Summary of Business and Significant Accounting Policies Description of Business The ONE Group Hospitality, Inc. and its subsidiaries (collectively, the “Company”) is an international restaurant company thatdevelops, owns and operates, manages, franchises and licenses upscale and polished casual, high-energy restaurants. TheCompany’s primary restaurant brands are STK, a modern twist on the American steakhouse concept featuring premium steaks,seafood and specialty cocktails in an energetic upscale atmosphere, Benihana, an interactive dining destination with highly skilledchefs preparing food in front of guests and served in an energetic atmosphere alongside fresh sushi and innovative cocktails, KonaGrill, a polished casual bar-centric grill concept featuring American favorites, award-winning sushi, and specialty cocktails in apolished casual atmosphere, and RA Sushi, a Japanese cuisine concept that offers a fun-filled, bar-forward, upbeat, and vibrantdining atmosphere anchored by creative sushi, inventive drinks, and outstanding service. As of September 28, 2025, the Company owned, operated, managed, franchised, or licensed157venues, including29STKs,85Benihanas,23Kona Grills and14RA Sushis in major metropolitan cities in North America, Europe, Latin America and theMiddle East and6food and beverage (“F&B“) venues inthreehotels and casinos in the United States and Europe. For thoserestaurants and venues that are managed, licensed or franchised, the Company generates management fees and franchise fees basedon top-line revenues and incentive fee revenue based on a percentage of the location’s revenues and profits. On January 1, 2025, the Company transitioned from a calendar-based fiscal year to a 52/53-week fiscal year. Beginning in2025, the Company’s fiscal year will end on the last Sunday in December. The Company’s third quarter of 2025 was the 91-dayperiod of June 30, 2025 through September 28, 2025 compared to the third quarter of 2024 which was the 92-day period of July 1,2024 through September 30, 2024.