Filing Flows › ONE Group Hospitality (STKS) › Q2 2026
ONE Group Hospitality (STKS) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 7, 2026
ONE Group Hospitality (STKS) reported revenue of $200M for the second quarter 2026 (Q2 2026), -3% from a year earlier and -6% from the quarter before. Operating margin was 3.3%, net loss $2.4M (1.2% of revenue).
ONE Group Hospitality, Q2 2026: revenue $200M (-3% year over year), operating margin 3.3%, net loss $2.4M, operating cash flow $11.3M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $200M | -6% | -3% |
| Operating profit | $6.6M | -53% | +890% |
| Net earnings | −$2.4M | -173% | — |
| Operating cash flow | $11.3M | -48% | +305% |
What changed
Revenue was $200.5M in Q2 2026, down 3% year over year and down 6% from the previous quarter.
Operating profit was $6.6M, a 3.3% margin (up 3.0 points year over year). Total costs fell 6% while revenue fell 3%. The fastest-growing cost line was General & admin (+20%). The quarter ended with a net loss of $2.4M, after a profit of $3.0M the previous quarter. Minority interests bore $228K of it: to shareholders the quarter was a loss of $2.1M. Net interest and other expense of $9.6M was the main reason.
Operating cash flow was $11.3M (up 305% year over year). Non-cash charges added back $11.0M of depreciation and amortization and $1.1M of share-based compensation. Working capital and other items added $1.5M. Capital expenditures of $13.1M exceeded it, leaving free cash flow of −$1.8M.
Questions
What was ONE Group Hospitality's revenue in the second quarter 2026?
ONE Group Hospitality (STKS) reported revenue of $200M for the second quarter 2026 (Q2 2026), -3% from a year earlier and -6% from the quarter before.
Was ONE Group Hospitality profitable in the second quarter 2026?
Operating profit was $6.6M (3.3% of revenue) and net loss $2.4M.