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Ark Restaurants Corp

arkrestaurants.com

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.

Products & 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.

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.

Customers & 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.

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.

Financial Snapshot

Revenue
TTM
$158.4M
Gross Margin
TTM
72.24%
Net Income
TTM
-$6.284M
Current Assets
2026 Q1
Current Liabilities
2026 Q1
Current Ratio
2026 Q1
87.97%
Total Assets
2026 Q1
Total Liabilities
2026 Q1
Book Value
2026 Q1
$31.31M
Cash
2026 Q1
P/E
Last 4 Quarters
N/A
Free Cash Flow
TTM
-$3.710M

Stock Price

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Market Cap: $20.375 Million

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