Quarterly ResultMay 6, 2026, 05:22 PM
ONE Group Hospitality Q1 Net Income +228% to $3.2M; Operating Income +29.5%
AI Summary
ONE Group Hospitality, Inc. reported a significant increase in net income attributable to the company and operating income for the three periods ended March 29, 2026. Net income attributable to the company rose 228.4% to $3.2 million, while operating income increased 29.5% to $13.9 million. Total revenues saw a modest increase of 0.8% to $212.8 million. Despite these improvements, the company reported a net loss available to common stockholders of $(6.2) million, primarily due to Series A Preferred Stock dividends and accretion.
Key Highlights
- Net income attributable to ONE Group Hospitality, Inc. increased 228.4% to $3.2 million.
- Operating income rose 29.5% to $13.9 million for the quarter.
- Total revenues increased 0.8% to $212.8 million.
- Net loss available to common stockholders reduced to $(6.2) million from $(6.6) million.
- Net cash provided by operating activities surged 153.7% to $21.7 million.
- Long-term debt, net of current portion, decreased to $325.6 million from $334.0 million.
- Series A Preferred Stock paid-in-kind dividend and accretion was $(9.4) million.
- Company had $33.7 million available on its revolving credit facility.
Price Impact
More from STKS