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Good Times Restaurants Inc

goodtimesburgers.com

Good Times Restaurants Inc. (NASDAQ: GTIM) is a restaurant company that owns and operates two casual and quick-service dining concepts: Bad Daddy's Burger Bar and Good Times Burgers & Frozen Custard. Revenue comes from company-owned restaurant sales, with smaller contributions from franchise royalties and licensing fees. As of the 10-K filed December 29, 2025, the company operates 38 Bad Daddy's locations across seven states and 30 Good Times restaurants concentrated in Colorado, competing against regional and national burger chains in both the fast-casual and quick-service segments. Bad Daddy's offers a full-bar, culinary-driven menu built around 1855 Black Angus beef burgers with scratch-made toppings, craft beer, and cocktails. Good Times is a double drive-thru quick-service concept featuring burgers, frozen custard, and its Bambino slider product. The company is headquartered in Nevada and its CEO is Ryan M. Zink.

Products & Services

Bad Daddy's Burger Bar: full-service casual dining featuring 1855 Black Angus beef burgers, scratch-made toppings, house-made black bean patties, salmon, turkey, bison and chicken proteins, giant chopped salads, gluten-friendly menu, hand-cut fries, housemade potato chips, hand-spun ice cream milkshakes, scratch-made banana pudding, craft beers, full bar with Bad Ass Margarita and cocktails, and wine. Good Times Burgers & Frozen Custard: double drive-thru quick-service concept offering burgers, frozen custard, and Bambino sliders.

Revenue Model

The primary revenue stream is company-owned restaurant sales across both concepts. Secondary revenue includes franchise fees and royalties from Good Times franchisees and a licensing arrangement for the Bad Daddy's location at Charlotte Douglas International Airport. Advertising costs for Good Times totaled $1,418,000 (3.6% of Good Times total revenues) in fiscal 2025.

Customers & Markets

General dining consumers across quick-service and casual dining end markets. Good Times targets drive-thru burger and frozen custard customers primarily in Colorado. Bad Daddy's targets casual dining guests seeking a customizable, culinary-driven burger experience across seven states.

Geographic Exposure

Bad Daddy's: 14 locations in North Carolina, 9 in Colorado, 4 in Georgia, 4 in South Carolina, 3 in Alabama, 2 in Tennessee, 1 in Oklahoma, and 1 licensed at Charlotte Douglas International Airport (as of 10-K filed December 29, 2025). Good Times: 28 locations in Colorado, 2 in Wyoming operated as dual-brand franchises with Taco John's.

Financial Snapshot

Revenue
TTM
$137.2M
Gross Margin
TTM
18.11%
Net Income
TTM
$1.193M
Current Assets
2026 Q1
Current Liabilities
2026 Q1
Current Ratio
2026 Q1
39.67%
Total Assets
2026 Q1
Total Liabilities
2026 Q1
$46.85M
Book Value
2026 Q1
34.20M
Cash
2026 Q1
P/E
TTM
12.21
Free Cash Flow
TTM
$2.053M

Stock Price

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Market Cap: $14.57 Million

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