The ONE Group Hospitality Inc 2026年季度报告

FORM10-Q (Mark One) OR For the transition period fromto Commission File Number 001-37379 THE ONE GROUP HOSPITALITY, INC.(Exact name of registrant as specified in its charter) 14-1961545 (State or other jurisdiction of incorporation ororganization) (I.R.S. Employer Identification No.) 80202Zip Code 646-624-2400(Registrant’s telephone number, including area code) Securities registered pursuant to Section12(b)of the Act: NameofeachexchangeonwhichregisteredNasdaq STKS Indicate by check mark whether the registrant (1)has filed all reports required to be filed bySection13 or 15(d)of the Securities Exchange Act of 1934 during the preceding 12months (or for suchshorter period that the registrant was required to file such reports) and (2)has been subject to such filingrequirements for the past 90days. Yes⌧No◻ Indicate by check mark whether the registrant has submitted electronically every Interactive Data Filerequired to be submitted pursuant to Rule405 of Regulation S-T (§232.405 of this chapter) during thepreceding 12months (or for 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-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “largeaccelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” inRule12b-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 theextended transition period for complying with any new or revised financial accounting standards providedpursuant to Section13(a)of the Exchange Act.◻ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of theExchange Act). Yes☐No⌧ Number of shares of common stock outstanding as of April 30, 2026:31,564,301 TABLE OFCONTENTS Item1. Financial Statements3Item2. Management’s Discussion and Analysis of Financial Condition and Results of Operations19Item3. Quantitative and Qualitative Disclosures About Market Risk30Item4. Controls and Procedures30 PARTII – Other Information Item 1. Legal ProceedingsItem 1A Risk FactorsItem 5. Other InformationItem 6. Exhibits Signatures32 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(Unaudited, in thousands) THE ONE GROUP HOSPITALITY,INC.CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ (DEFICIT)EQUITY AND SERIES A PREFERRED STOCK(Unaudited, in thousands, except share information) THE ONE GROUP HOSPITALITY,INC.CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(Unaudited, in thousands) Forthethreeperiods endedMarch 29,Forthethreeperiods endedMarch 30,20262025Operating activities:Net income$2,989$622Adjustments to reconcile net loss to net cash provided by operating activities:Depreciation and amortization10,4059,829Non-cash lease termination and exit costs361—Stock-based compensation1,1341,632Amortization of debt issuance costs and debt original issuance discounts900870Deferred taxes—254Changes in operating assets and liabilities, net of acquisition:Accounts receivable12,036(941)Inventory4541,465Other current assets(124)(1,240)Security deposits34(164)Other assets(91)(84)Accounts payable(4,509)(1,925)Accrued expenses(1,086)296Operating lease liabilities and right-of-use assets429(38)Other liabilities(1,265)(2,036)Net cash provided by operating activities21,6678,540 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 restaurantcompany that develops, owns and operates, manages, franchises and licenses upscale and polished casual, high-energyrestaurants. The Company’s primary restaurant brands are: STK, a modern twist on the American steakhouse conceptfeaturing premium steaks, seafood and specialty cocktails in an energetic upscale atmosphere; Benihana, an interactivedining destination with highly skilled chefs preparing food in front of guests and served in an energetic atmospherealongside fresh sushi and innovative cocktails; Kona Grill, a polished casual bar-centric grill concept featuringAmerican favorites, award-winning sushi, and specialty cocktails in a polished casual atmosphere; and RA Sushi, aJapanese cuisine concept that offers a fun-filled, bar-forward, upbeat, and vibrant dining atmosphere anchored bycr