Filing Flows › ONE Group Hospitality (STKS) › Q2 2025
ONE Group Hospitality (STKS) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 5, 2025
ONE Group Hospitality (STKS) reported revenue of $207M for the second quarter 2025 (Q2 2025), +20% from a year earlier and -2% from the quarter before. Operating margin was 0.3%, net loss $10.3M (5.0% of revenue).
ONE Group Hospitality, Q2 2025: revenue $207M (+20% year over year), operating margin 0.3%, net loss $10.3M, operating cash flow $2.8M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $207M | -2% | +20% |
| Operating profit | $662K | -94% | — |
| Net earnings | −$10.3M | -1160% | — |
| Operating cash flow | $2.8M | -67% | — |
What changed
Revenue was $207.4M in Q2 2025, up 20% year over year and down 2% from the previous quarter.
Operating profit was $662K, a 0.3% margin (down 0.3 points year over year). Operating profit fell $388K even though revenue rose $34.9M versus a year earlier, so costs grew faster than sales. Total costs grew 21% against revenue growth of 20%. The fastest-growing cost line was Other operating costs (+21%). The quarter ended with a net loss of $10.3M, after a profit of $622K the previous quarter. Minority interests bore $228K of it: to shareholders the quarter was a loss of $10.1M. Net interest and other expense of $10.3M was the main reason.
Operating cash flow was $2.8M. Non-cash charges added back $10.9M of depreciation and amortization and $1.5M of share-based compensation. Working capital and other items added $785K. Capital expenditures of $17.8M exceeded it, leaving free cash flow of −$15.0M.
Questions
What was ONE Group Hospitality's revenue in the second quarter 2025?
ONE Group Hospitality (STKS) reported revenue of $207M for the second quarter 2025 (Q2 2025), +20% from a year earlier and -2% from the quarter before.
Was ONE Group Hospitality profitable in the second quarter 2025?
Operating profit was $662K (0.3% of revenue) and net loss $10.3M.