Twin Hospitality Group Inc.
sassygold.comWhat Do They Do?
Operates Twin Peaks and Smokey Bones casual-dining restaurants, serving diners with food and drinks, and franchises Twin Peaks to restaurant operators.
10-K for FY2024, filed Feb 28, 2025
How Do They Make Money?
Diners pay for meals and drinks at company-owned restaurants when they buy them. Franchisees pay royalties and advertising fees based on restaurant sales, while franchise fees are earned over the franchise agreement term.
10-K for FY2024, filed Feb 28, 2025Company owned restaurant revenue is recognized at the point in time when food and beverage products are sold. We present company restaurant…View ↗
The franchise arrangement is documented in the form of a franchise agreement. The franchise arrangement requires the Company to perform…View ↗
In addition to franchise fee revenue, the Company collects a royalty calculated as a percentage of net sales from our franchisees.…View ↗
The Company requires advertising fee payments from franchisees based on a percent of net sales. The Company also receives, from time to…View ↗
$353.8M
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10-K for FY2024, filed Feb 28, 2025
$353.8M ↗
| Segment | Share | Revenue |
|---|---|---|
|
Restaurant sales
|
91% |
Restaurant sales, FY2024
$320.2M Sources
|
|
Franchise revenue
|
9.5% |
Franchise revenue, FY2024
$33.6M Sources
|
Who Are Their Customers?
Guests dine at company-owned restaurants or order Smokey Bones for pickup, delivery, online ordering or catering; franchisee partners operate Twin Peaks restaurants.
10-K for FY2024, filed Feb 28, 2025
Do Revenues Turn Into Profits?
No. It lost $48.2M in FY2024.
10-K for FY2024, filed Feb 28, 2025
−$8.3MView ↗
10-K for FY2024, filed Feb 28, 2025
−$48.2MView ↗
10-K for FY2024, filed Feb 28, 2025
−$40.2MView ↗
How Are They Changing?
- Net income
-
Sources
10-Q for Q3 FY2025, filed Nov 12, 2025
−$24.5MView ↗
- ▲ +51% (Loss)
- vs −$16.2M in Q3 FY2024
10-Q for Q3 FY2025, filed Nov 12, 2025
Open tableView ↗
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Jun 18, 2026
Agreed to sell Hot Dog on a Stick and Elevation Burger businesses
The agreements cover restaurant and franchise operations and related brand assets.
Sources
8-K, filed Jun 18, 2026
In accordance with the applicable Sale Orders, on the Sale Order Date, the Company entered into the following Purchase Agreements: (i) that…View ↗
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Jun 4, 2026
Settlement sets asset sales and a liquidation plan
The settlement provides for sales of substantially all company assets and a Chapter 11 plan to wind down remaining estates and distribute interests to creditors.
Sources
8-K, filed Jun 4, 2026
The Global Settlement, among other things: (i) resolves the objections filed by the Committee and the Resid Noteholders to the sale of…View ↗
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Jan 30, 2026
Nasdaq notified the company its stock would be delisted
The company said it did not intend to appeal Nasdaq's decision.
Sources
8-K, filed Jan 30, 2026
On January 28, 2026, Twin Hospitality Group Inc. (the “Company”) received a letter (the “Delisting Notice”) from the Listing Qualifications…View ↗
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Jan 27, 2026
Company and subsidiaries filed for Chapter 11
The debtors said they would continue operating under bankruptcy court oversight during the cases.
Sources
8-K, filed Jan 27, 2026
On January 26, 2026 (the “Petition Date”), Twin Hospitality Group Inc. (“we”, “us” or the “Company”) and each of its direct and indirect…View ↗
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