STKS

MKT CAP:$55M

The ONE Group Hospitality, Inc.

Market Cap

$55M

Consumer Cyclical·Restaurants·🇺🇸 United States·NASDAQ

Consumer Cyc.·Restaurants·🇺🇸·NASDAQ

Stock Price

$1.69-$0.15 (-8.15%)

Apr 21, 2026

Company Details

The ONE Group Hospitality, Inc., a hospitality company, develops, owns, operates, manages, and licenses restaurants and lounges worldwide. It operates through STK, Kona Grill, and ONE Hospitality segments. The company also provides turn-key...

CEO

Emanuel N. Hilario

IPO Date

Jun 27, 2014

Website

togrp.com

Key Metrics TTM

Revenue

$466M

— YoY

Net Income

$2M

EPS (Diluted)

-$0.24

Free Cash Flow

-$575.0K

Revenue / Share

$14.98

Gross Margin

19.3%

Operating Margin

5.8%

Net Margin

0.4%

FCF Margin

-0.1%

P/S

0.1x

P/E

27.6x

Earnings Reports

Q1 2026

May 6, 2026

PENDING

FY 2025

Mar 19, 2026

$806MEPS -$4.05

Q4 2025

Mar 13, 2026

$207MEPS -$0.49

Q1 2024

May 7, 2024

$85MEPS -$0.07

FY 2023

Mar 14, 2024

$333MEPS $0.15

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 16	$20M	$4M	-$2M
Q1 21	$50M	$11M	$857.0K
Q3 21	$72M	$15M	$5M
Q4 21	$84M	$21M	$6M
Q4 23	$90M	$21M	$5M
Q1 24	$85M	$17M	-$620.0K
Q4 25	$207M	$31M	$17M

Valuation

Quarter	P/S	P/E
Q4 16	—	—
Q1 21	—	—
Q3 21	—	—
Q4 21	1.9x	314.0x
Q4 23	0.6x	8.5x
Q1 24	0.5x	8.8x
Q4 25	0.1x	28.1x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 15	$3M	-$2M
Q4 16	-$1M	-$3M
Q1 21	$7M	$4M
Q3 21	$3M	-$153.0K
Q4 21	$8M	$5M
Q4 23	$16M	$414.0K
Q1 24	$10M	-$5M

Capital Expenditures

Quarter	CapEx
Q4 15	$5M
Q4 16	$2M
Q1 21	$3M
Q3 21	$3M
Q4 21	$3M
Q4 23	$15M
Q1 24	$16M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 23	+340.6%	+274.8%
Q1 24	+68.4%	+72.5%
Q4 25	+188.0%	+184.3%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 15	$144.8K	—
Q4 16	$114.6K	0.6%
Q1 21	$1M	2.0%
Q3 21	$0	0.0%
Q4 21	$806.0K	1.0%
Q4 23	$1M	1.4%
Q1 24	$1M	1.6%

OpEx Breakdown

Quarter	G&A	SG&A
Q4 16	$5M	—
Q1 21	$5M	—
Q3 21	$6M	—
Q4 21	$8M	—
Q4 23	$8M	—
Q1 24	$8M	—
Q4 25	—	$15M

Revenue Segments

Quarter	Management, license, franchise and incentive fee revenue	Owned restaurant
Q4 23	$5M	$85M
Q1 24	$3M	$82M

Revenue by Geography

Quarter	Non Us	U	Domestic	International	Management, license, franchise and incentive fee revenue	Owned restaurant
Q1 21	$194.0K	$50M	—	—	—	—
Q3 21	$2M	$70M	—	—	—	—
Q4 21	—	—	$82M	—	—	—
Q4 23	—	—	$88M	$4M	—	—
Q1 24	—	—	—	—	$3M	$82M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$29M	$0	$29M
Q2 22	$24M	$0	$24M
Q3 22	$17M	$0	$17M
Q4 22	$55M	$0	$55M
Q1 23	$49M	$0	$49M
Q2 23	$38M	$0	$38M
Q3 23	$22M	$0	$22M
Q4 23	$21M	$0	$21M
Q1 24	$15M	$0	$15M
Q2 24	$32M	$0	$32M
Q3 24	$28M	$0	$28M
Q4 24	$28M	$0	$28M
Q1 25	$21M	$0	$21M
Q2 25	$5M	$0	$5M
Q3 25	$6M	$0	$6M
Q4 25	$5M	$0	$5M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 16	25M	—	—
Q1 21	32M	+27.9%	—
Q3 21	34M	+7.3%	—
Q4 21	34M	-0.2%	—
Q4 23	32M	-7.7%	+26.5%
Q1 24	31M	-1.2%	-2.3%
Q4 25	31M	-0.6%	-9.5%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q4 16	$291.6K	70
Q1 21	$970.8K	52
Q3 21	$1M	52
Q4 21	$1M	64
Q4 23	$1M	60
Q1 24	$1M	60
Q4 25	$21.8K	10K

Revenue / Employee