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FAT (FAT Brands Inc.) Stock Financials & Earnings | Market Cap Arena
FAT
FAT Brands Inc.
Mkt Cap
$5M
Consumer Cyclical
·
Restaurants
·
🇺🇸 United States
·
NASDAQ
Revenue (TTM)
$574M
Net Income (TTM)
-$226M
EPS (TTM)
-$13.37
Free Cash Flow (TTM)
-$75M
Gross Margin
27.4%
Op. Margin
-14.1%
Net Margin
-39.3%
FCF Margin
-13.1%
P/S Ratio (TTM)
0.0x
P/E Ratio (TTM)
—
YoY Rev Growth
-5.3%
Employees
—
Earnings Reports
▶
Q3 2025
Browse All Reports
Quarterly
FY
Revenue & Profitability
Revenue
Gross Profit
Operating Income
Quarter
Revenue
Gross Profit
Op. Income
Q4 22
$104M
$75M
-$33M
Q1 23
$106M
$36M
$387K
Q2 23
$107M
$47M
$18M
Q3 23
$109M
$39M
$7M
Q4 23
$159M
$87M
-$3M
Q1 24
$152M
$40M
-$1M
Q2 24
$152M
$52M
-$3M
Q3 24
$143M
$37M
-$9M
Q4 24
$145M
$36M
-$39M
Q1 25
$142M
$35M
-$9M
Q2 25
$147M
$49M
-$16M
Q3 25
$140M
$37M
-$17M
marketcaparena.com
Valuation
P/S Ratio
P/E Ratio
Quarter
P/S
P/E
Q4 22
0.0x
—
Q1 23
0.0x
—
Q2 23
0.0x
—
Q3 23
0.0x
—
Q4 23
0.0x
—
Q1 24
0.0x
—
Q2 24
0.0x
—
Q3 24
0.0x
—
Q4 24
0.0x
—
Q1 25
0.0x
—
Q2 25
0.0x
—
Q3 25
0.0x
—
marketcaparena.com
Operating Cash Flow
Operating Cash Flow
Free Cash Flow
Quarter
Operating CF
Free CF
Q4 22
-$11M
-$21M
Q1 23
-$12M
-$14M
Q2 23
-$9M
-$14M
Q3 23
-$2M
-$8M
Q4 23
-$13M
-$21M
Q1 24
-$28M
-$33M
Q2 24
-$14M
-$24M
Q3 24
-$3M
-$11M
Q4 24
-$10M
-$11M
Q1 25
-$13M
-$18M
Q2 25
-$27M
-$29M
Q3 25
-$15M
-$17M
marketcaparena.com
Capital Expenditures
CapEx
Quarter
CapEx
Q4 22
$10M
Q1 23
$2M
Q2 23
$5M
Q3 23
$6M
Q4 23
$8M
Q1 24
$4M
Q2 24
$10M
Q3 24
$8M
Q4 24
$591K
Q1 25
$5M
Q2 25
$2M
Q3 25
$2M
marketcaparena.com
OpEx vs Revenue Growth (YoY)
Revenue Growth
OpEx Growth
Quarter
Revenue Growth
OpEx Growth
Q4 22
+33.7%
+69.6%
Q1 23
+8.5%
+8.7%
Q2 23
+3.9%
-1.4%
Q3 23
+6.0%
+0.5%
Q4 23
+52.8%
+18.6%
Q1 24
+43.8%
+45.6%
Q2 24
+42.4%
+75.2%
Q3 24
+31.1%
+48.1%
Q4 24
-8.4%
+14.1%
Q1 25
-6.5%
-1.8%
Q2 25
-3.4%
+4.9%
Q3 25
-2.3%
+3.4%
marketcaparena.com
Stock-Based Compensation
SBC ($)
% of Revenue
Quarter
SBC ($)
% of Revenue
Q4 22
$2M
1.4%
Q1 23
$1M
1.0%
Q2 23
$477K
0.4%
Q3 23
$1M
1.0%
Q4 23
$947K
0.6%
Q1 24
$745K
0.5%
Q2 24
$700K
0.5%
Q3 24
$0
0.0%
Q4 24
$369K
0.3%
Q1 25
$367K
0.3%
Q2 25
$13M
8.7%
Q3 25
$4M
2.5%
marketcaparena.com
OpEx Breakdown
G&A
S&M
SG&A
Quarter
G&A
S&M
SG&A
Q4 22
$84M
—
—
Q1 23
$28M
—
—
Q2 23
$10M
$12M
—
Q3 23
$24M
—
—
Q4 23
$78M
—
—
Q1 24
$30M
—
—
Q2 24
$30M
$15M
—
Q3 24
$34M
—
—
Q4 24
$35M
—
—
Q1 25
$33M
—
—
Q2 25
$44M
$12M
—
Q3 25
—
—
$55M
marketcaparena.com
Revenue Segments
Advertising
Factory
Franchisor
Product and Service, Other
Restaurant Sales
Royalty
Quarter
Advertising
Factory
Franchisor
Product and Service, Other
Restaurant Sales
Royalty
Q1 23
$9M
$9M
$802K
$1M
$63M
$22M
Q2 23
$10M
$10M
$763K
$1M
$63M
$23M
Q3 23
$10M
$9M
$2M
$1M
$63M
$24M
Q4 23
$11M
$10M
$937K
$1M
$111M
$25M
Q1 24
$10M
$9M
$1M
$3M
$106M
$22M
Q2 24
$10M
$10M
$1M
$498K
$107M
$23M
Q3 24
$10M
$9M
$3M
—
$99M
$22M
Q1 25
$10M
$9M
$1M
$1M
$99M
$22M
Q2 25
$10M
$10M
$1M
$1M
$102M
$22M
Q3 25
$9M
$10M
$2M
$1M
$97M
$22M
marketcaparena.com
Revenue by Geography
Other Countries
United States
Quarter
Other Countries
United States
Q1 23
$3M
$103M
Q2 23
$2M
$105M
Q3 23
$3M
$106M
Q1 24
$2M
$150M
Q2 24
$2M
$150M
Q3 24
$3M
$141M
Q1 25
$3M
$140M
Q2 25
$3M
$144M
Q3 25
$4M
$136M
marketcaparena.com
War Chest
Cash & Equivalents
Short-Term Investments
Quarter
Cash
Short-term Investments
Total
Q4 22
$29M
$0
$29M
Q1 23
$46M
$0
$46M
Q2 23
$31M
$0
$31M
Q3 23
$88M
$0
$88M
Q4 23
$37M
$0
$37M
Q1 24
$40M
$0
$40M
Q2 24
$57M
$0
$57M
Q3 24
$17M
$0
$17M
Q4 24
$23M
$0
$23M
Q1 25
$12M
$0
$12M
Q2 25
$8M
$0
$8M
Q3 25
$2M
$0
$2M
marketcaparena.com
Shares Outstanding
Shares Outstanding
Quarter
Shares (Diluted)
QoQ Change
Q4 22
17M
+0.0%
Q1 23
16M
-0.3%
Q2 23
17M
+0.2%
Q3 23
17M
+0.6%
Q4 23
17M
+0.4%
Q1 24
17M
+1.6%
Q2 24
17M
+0.4%
Q3 24
17M
+0.3%
Q4 24
17M
+0.4%
Q1 25
18M
+3.0%
Q2 25
18M
+1.1%
Q3 25
18M
+0.3%
marketcaparena.com
Revenue Per Employee
Revenue / Employee
Year
Revenue/Employee
Employees
FY 15
—
—
FY 16
—
—
FY 17
$72K
30
FY 18
$405K
44
FY 19
$388K
58
FY 20
$101K
179
FY 21
$108K
1K
FY 22
$370K
1K
FY 23
$185K
3K
FY 24
$346K
2K
marketcaparena.com