Filing Flows › ONE Group Hospitality (STKS) › Q1 2026
ONE Group Hospitality (STKS) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 6, 2026
ONE Group Hospitality (STKS) reported revenue of $213M for the first quarter 2026 (Q1 2026), +0.8% from a year earlier and +3% from the quarter before. Operating margin was 6.5%, net earnings $3.2M (1.5% of revenue).
ONE Group Hospitality, Q1 2026: revenue $213M (+0.8% year over year), operating margin 6.5%, net earnings $3.2M, operating cash flow $21.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $213M | +3% | +0.8% |
| Operating profit | $13.9M | +210% | +30% |
| Net earnings | $3.2M | — | +228% |
| Operating cash flow | $21.7M | +66% | +154% |
| Free cash flow | $11.7M | — | — |
What changed
Revenue was $212.8M in Q1 2026, up 1% year over year and up 3% from the previous quarter.
Operating profit was $13.9M, a 6.5% margin (up 1.4 points year over year). Of the extra revenue versus Q1 2025, 188% reached operating profit, above the 5% margin then. Total costs fell 1% while revenue rose 1%. The fastest-growing cost line was General & admin (+15%). Net earnings were $3.2M, up 228% year over year ($3.0M including minority interests, which bore $213K of losses). The effective tax rate was 28.0%.
Operating cash flow was $21.7M (up 154% year over year), 725% of net income including minority interests. Non-cash charges added back $10.4M of depreciation and amortization and $1.1M of share-based compensation. Working capital and other items added $7.1M. Capital expenditures of $9.9M left free cash flow of $11.7M.
Questions
What was ONE Group Hospitality's revenue in the first quarter 2026?
ONE Group Hospitality (STKS) reported revenue of $213M for the first quarter 2026 (Q1 2026), +0.8% from a year earlier and +3% from the quarter before.
Was ONE Group Hospitality profitable in the first quarter 2026?
Operating profit was $13.9M (6.5% of revenue) and net earnings $3.2M.