Filing Flows › ONE Group Hospitality (STKS) › Q4 2025
ONE Group Hospitality (STKS) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 19, 2026
ONE Group Hospitality (STKS) reported revenue of $207M for the fourth quarter 2025 (Q4 2025), -7% from a year earlier and +15% from the quarter before. Operating margin was 2.2%, net loss $6.4M (3.1% of revenue).
ONE Group Hospitality, Q4 2025: revenue $207M (-7% year over year), operating margin 2.2%, net loss $6.4M, operating cash flow $13.1M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $207M | +15% | -7% |
| Operating profit | $4.5M | — | — |
| Net earnings | −$6.4M | — | — |
| Operating cash flow | $13.1M | +122% | -29% |
What changed
Revenue was $207.0M in Q4 2025, down 7% year over year and up 15% from the previous quarter.
Operating profit was $4.5M, a 2.2% margin (down 3.3 points year over year). Total costs fell 3% while revenue fell 7%. The quarter ended with a net loss of $6.4M, narrower than the previous quarter's $77.5M loss. Net interest and other expense of $10.3M was the main reason.
Operating cash flow was $13.1M (down 29% 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 $7.4M. Capital expenditures of $13.4M exceeded it, leaving free cash flow of −$329K.
Questions
What was ONE Group Hospitality's revenue in the fourth quarter 2025?
ONE Group Hospitality (STKS) reported revenue of $207M for the fourth quarter 2025 (Q4 2025), -7% from a year earlier and +15% from the quarter before.
Was ONE Group Hospitality profitable in the fourth quarter 2025?
Operating profit was $4.5M (2.2% of revenue) and net loss $6.4M.