GEN Restaurant Group Inc-A 2026年季度报告

(Mark One)☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934 OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934 For the transition period fromtoCommission File Number: 001-41727 GEN Restaurant Group, Inc. (Exact name of registrant as specified in its charter) Registrant’s telephone number, including area code: (562) 356-9929 Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) hasbeen subject to such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant toRule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was requiredto submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and“emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer☐Non-accelerated filer☒Emerging growth company☒ Accelerated filer☐Smaller reporting company☒ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☒As of August 4, 2026, the registrant had 5,364,808 shares of Class A common stock, $0.001 par value per share, outstanding and27,599,810 shares of Class B common stock, $0.001 par value per share, outstanding. Table of Contents PART I.FINANCIAL INFORMATION Item 1.Financial Statements (Unaudited)Condensed Consolidated Balance SheetsCondensed Consolidated Statements of Comprehensive LossCondensed Consolidated Statements of Changes in Permanent Equity (Deficit)Condensed Consolidated Statements of Cash FlowsNotes to Unaudited Condensed Consolidated Financial StatementsItem 2.Management’s Discussion and Analysis of Financial Condition and Results of OperationsItem 3.Quantitative and Qualitative Disclosures About Market RiskItem 4.Controls and Procedures PART II.OTHER INFORMATION Item 1.Legal ProceedingsItem 1A.Risk FactorsItem 2.Unregistered Sales of Equity Securities and Use of ProceedsItem 3.Defaults Upon Senior SecuritiesItem 4.Mine Safety DisclosuresItem 5.Other InformationItem 6.ExhibitsSignatures Current assets: See accompanying notes to condensed consolidated financial statements. GEN RESTAURANT GROUP, INC.Condensed Consolidated Statements of Changes in Permanent Equity (Deficit)(unaudited) Three and six months ended June 30, 2026 and June 30, 2025 GEN RESTAURANT GROUP, INC.Condensed Consolidated Statements of Cash Flows GEN RESTAURANT GROUP, INC.Notes to Condensed Consolidated Financial Statements (Unaudited)June 30, 2026 and 2025 (1)Organization and Description of Business The accompanying condensed consolidated financial statements represent the condensed consolidated balance sheets,statements of comprehensive loss, changes in permanent equity (deficit), and cash flows of GEN Restaurant Group, Inc. and itsconsolidated subsidiaries (the “Company”), including GEN Restaurant Companies, LLC (the “Operating Company”). The following table lists the Company’s restaurants in operation as of June 30, 2026: GEN RESTAURANT GROUP, INC.Notes to Condensed Consolidated Financial Statements (Unaudited)June 30, 2026 and 2025 The Company operates restaurants which are located in California, Arizona, Florida, Hawaii, Nevada, Washington, NewYork, Texas, Oregon, North Carolina, and in the country of South Korea, specializing in a variety of special flavored meats forKorean barbeque. As of June 30, 2026, the above entities are collectively owned 100% by the controlling group. As of June 30, 2026 andDecember 31, 2025, there were 54 and 57 restaurants in operation, respectively. During the three months ended June 30, 2026, theCompany closed six restaurants, including two in Korea, (GEN Guwol and KAN Sushi Guwol) and four restaurants (San Antonio,Texas, Mountain View, California, Edison, New Jersey and Jacksonville, Florida) that were closed as part of the previouslydisclosed Chubby Cattle transaction and became unconsolidated equity method investments. Organization GEN Restaurant Group, Inc. (“GEN Inc.”) was formed as a Delaware corporation on October 28, 2021 and is bas