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ONE Group Hospitality (STKS) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 4, 2026 · ONE Group Hospitality (STKS) Q3 2026 earnings results →
Q3 2026 Revenue down 2% year over year to $177M · 9¢ of every $1 of revenue lost · operating margin -3.3%
ONE Group Hospitality made $177M in Q3 2026 (-2% Y/Y). Operating margin -3.3%, net loss $16.4M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 4, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $177.0M in Q3 2026, down 2% year over year and down 12% from the previous quarter.
Operating costs exceeded revenue by $5.8M, an operating margin of -3.3%. Total costs fell 3% while revenue fell 2%. The quarter ended with a net loss of $16.4M, wider than the previous quarter's $2.4M loss. Minority interests bore $278K of it: to shareholders the quarter was a loss of $16.1M. Net interest and other expense of $10.0M was the main reason.
Operating cash flow was $8.8M (up 50% year over year). Non-cash charges added back $11.7M of depreciation and amortization and $1.0M of share-based compensation. Working capital and other items added $12.5M. Capital expenditures of $11.6M exceeded it, leaving free cash flow of −$2.8M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 4, 2026 | $177M | -2% | -3.3% | −$16.4M | $8.8M |
| Q2 2026 | 10-Q | Aug 7, 2026 | $200M | -3% | 3.3% | −$2.4M | $11.3M |
| Q1 2026 | 10-Q | May 6, 2026 | $213M | +0.8% | 6.5% | $3.2M | $21.7M |
| Q4 2025 | 10-K | Mar 19, 2026 | $207M | -7% | 2.2% | −$6.4M | $13.1M |
| Q3 2025 | 10-Q | Nov 6, 2025 | $180M | -7% | -4.4% | −$77.5M | $5.9M |
| Q2 2025 | 10-Q | Aug 5, 2025 | $207M | +20% | 0.3% | −$10.3M | $2.8M |
| Q1 2025 | 10-Q | May 7, 2025 | $211M | +148% | 5.1% | $975K | $8.5M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About ONE Group Hospitality
We are an international restaurant company that develops, owns and operates, manages, franchises and licenses upscale and polished casual, high-energy restaurants. The Company’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 skilled chefs preparing food in front of guests and served in an energetic atmosphere alongside fresh sushi and innovative cocktails; Kona Grill, a polished casual bar-centric grill concept featuring American favorites, award-winning sushi, and specialty cocktails in a polished casual atmosphere; and RA Sushi, a Japanese cuisine concept that offers a fun-filled, bar-forward, upbeat, and vibrant dining atmosphere anchored by creative sushi, inventive drinks, and outstanding service.
In its own words, from its 10-K, filed Mar 19, 2026.
ONE Group Hospitality against its Retail-Eating Places peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -2% against the peers' median +5%. Operating margin: -3.3% against the peers' median 13.0%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| STKS ONE Group Hospitality | Q3 2026 | $177M | -2% | -3.3% |
| MCD McDonald's | Q3 2026 | $7.2B | +1% | 50.2% |
| ARMK Aramark | Q3 FY26 | $5.1B | +9% | 4.3% |
| YUMC Yum China Holdings | Q3 2026 | $3.5B | +8% | 13.0% |
| CMG Chipotle Mexican Grill | Q3 2026 | $3.3B | +10% | 13.7% |
| DRI Darden Restaurants | Q1 FY27 | $3.2B | +5% | 10.0% |
| QSR Restaurant Brands International | Q3 2026 | $2.5B | +3% | 27.6% |
| YUM Yum Brands | Q3 2026 | $2.1B | +4% | 112.8% |
| TXRH Texas Roadhouse | Q3 2026 | $1.6B | +10% | 6.5% |
Source: ONE Group Hospitality 10-Q on SEC EDGAR · CIK 1399520 · Retail-Eating Places
Guidance and outlook
13F: who owns STKS and who is buying
More on STKS
- How ONE Group Hospitality makes money: revenue by segment
- ONE Group Hospitality next earnings date and what analysts expect
- ONE Group Hospitality stock forecast, price target and fair value
- Who owns ONE Group Hospitality stock: holders, funds and Congress trades
- ONE Group Hospitality guidance and outlook
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results