Ark Restaurants Corp (NASDAQ: ARKR) is a restaurant operating company that owns and manages a portfolio of full-service dining concepts across casino resorts, urban landmarks, and standalone properties. Revenue comes almost entirely from food and beverage sales, which totaled $163.3 million in the fiscal year ended September 27, 2025, out of $165.8 million in total revenues. The company operates restaurants across New York, Las Vegas, Washington D.C., New Jersey, Florida, and Alabama, with a heavy concentration of locations inside casino properties including the New York-New York Hotel and Casino in Las Vegas. As of November 30, 2025, Ark employed 1,566 persons across its owned and managed facilities. The company is incorporated in New York and headquartered at 85 Fifth Avenue, New York, New York, with its original certificate of incorporation filed January 4, 1983. Ark posted an operating loss of $4.1 million in FY2025 and $4.3 million in FY2024, and recorded goodwill impairment charges of $3.4 million in FY2025 and $4.0 million in FY2024.

Revenue model

Transactional food and beverage sales at owned and managed restaurant locations, representing $163.3 million of $165.8 million in total revenues for the fiscal year ended September 27, 2025. A smaller other revenue line contributed $2.4 million in FY2025, down from $4.4 million in FY2024. Most restaurant leases include a base rent plus a percentage-of-sales component.

Products and services

Full-service restaurant concepts including America, Gallagher's Steakhouse, Gonzalez y Gonzalez, Village Eateries, Broadway Burger Bar and Grill, Yolos, Robert, The Rustic Inn, Shuckers, Sequoia, Bryant Park Grill and Cafe, Lucky Pig (opened November 11, 2024), and Original Oyster House properties. Concepts range from steakhouses and Mexican dining to seafood and casual American fare.

Customers and end markets

Walk-in dining guests at casino resorts, urban entertainment venues, and waterfront properties. Key venue partners include the New York-New York Hotel and Casino and Planet Hollywood Resort and Casino in Las Vegas, the Tropicana Hotel and Casino in Atlantic City, the Museum of Arts and Design in New York, and Washington Harbour in Washington D.C.

Value-chain role

Restaurant operator. Ark directly manages food preparation, service, and front-of-house operations. The company occupies leased premises at third-party-owned casino and entertainment properties and owns real estate for a subset of locations including The Rustic Inn in Dania Beach, Florida, Shuckers in Jensen Beach, Florida, and the two Original Oyster House properties in Alabama.

Geographic exposure

United States only. Locations as of the FY2025 10-K span Las Vegas, Nevada; New York, New York; Washington D.C.; Atlantic City, New Jersey; Dania Beach and Jensen Beach, Florida; and Alabama.

Source: SEC 10-K, filed 2025-12-18

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