Filing Flows › ONE Group Hospitality (STKS) › Q3 2026
ONE Group Hospitality (STKS) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 4, 2026
ONE Group Hospitality (STKS) reported revenue of $177M for the third quarter 2026 (Q3 2026), -2% from a year earlier and -12% from the quarter before. Operating margin was -3.3%, net loss $16.4M (9.3% of revenue).
ONE Group Hospitality, Q3 2026: revenue $177M (-2% year over year), operating margin -3.3%, net loss $16.4M, operating cash flow $8.8M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $177M | -12% | -2% |
| Operating profit | −$5.8M | -189% | — |
| Net earnings | −$16.4M | — | — |
| Operating cash flow | $8.8M | -22% | +50% |
What changed
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.
Questions
What was ONE Group Hospitality's revenue in the third quarter 2026?
ONE Group Hospitality (STKS) reported revenue of $177M for the third quarter 2026 (Q3 2026), -2% from a year earlier and -12% from the quarter before.
Was ONE Group Hospitality profitable in the third quarter 2026?
Operating loss was $5.8M (-3.3% of revenue) and net loss $16.4M.