One Group Hospitality Inc
togrp.comWhat Do They Do?
Runs upscale and polished-casual restaurants for diners, and develops and manages food-and-beverage venues and advises hotels, casinos, and other high-end hospitality clients.
10-K for FY2025, filed Mar 19, 2026
How Do They Make Money?
Diners pay for food and services when provided. Management, franchise and license fees are tied to venue sales, with additional management fees tied to venue profits; initial management and license fees are spread over the agreement term.
10-K for FY2025, filed Mar 19, 2026The Company recognizes restaurant revenues, net of discounts, when goods and services are provided. Sales tax amounts collected from…View ↗
Management agreements typically call for a management fee based on a percentage of revenue, a monthly marketing fee based on a percentage…View ↗
The Company recognizes initial licensing fees and upfront fees related to management and license agreements on a straight-line basis over…View ↗
$805.7M
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10-K for FY2025, filed Mar 19, 2026
$805.7M ↗
Who Are Their Customers?
Diners eat at company-operated restaurants and can use its websites for reservations, takeout and delivery orders, and gift cards. Hotels, casinos and other high-end venues hire it to develop and run food-and-beverage operations; other operators run franchised or licensed locations.
10-K for FY2025, filed Mar 19, 2026Our food and beverage (“F&B”) hospitality management services are marketed as ONE Hospitality and include developing, managing and…View ↗
We currently own, operate, manage, license or franchise 158 venues including 31 STKs, 86 Benihanas, 23 Kona Grills and 12 RA Sushis in…View ↗
The primary focus of our advertising and marketing is to increase awareness of our brands and our overall reputation for quality, service…View ↗
F&B Services. Our F&B services for hospitality venues provide attractive and comprehensive tailored food and beverage solutions to our…View ↗
Management agreements typically call for a management fee based on a percentage of revenue, a monthly marketing fee based on a percentage…View ↗
Do Revenues Turn Into Profits?
No. It lost $92.2M in FY2025.
10-K for FY2025, filed Mar 19, 2026
$8MView ↗
10-K for FY2025, filed Mar 19, 2026
−$92.2MView ↗
10-K for FY2025, filed Mar 19, 2026
−$27.3MView ↗
How Are They Changing?
- Net income
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Sources
10-Q for Q2 FY2026, filed Aug 7, 2026
−$2.1MView ↗
- ▼ −79% (Loss)
- vs −$10.1M in Q2 FY2025
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Jul 7, 2026
The company replaced Deloitte with Grant Thornton as auditor
Sources
8-K, filed Jul 7, 2026
On June 30, 2026, the Audit Committee of the Board of Directors (the “Audit Committee”) of The ONE Group Hospitality, Inc. (the “Company”)…View ↗
Growing. Revenue grew 2.9x in 4 years, from $277.2M in FY2021 to $805.7M in FY2025, about 31% a year.
Restaurant portfolio
The latest report describes Benihana and RA Sushi alongside STK and Kona Grill; the older report foregrounded STK and Kona Grill as its primary restaurant brands.
10-K for FY2022, filed Mar 9, 2023 10-K for FY2025, filed Mar 19, 2026Our primary restaurant brands are STK, a multi-unit steakhouse concept that combines a high-energy, social atmosphere with the quality and…View ↗
Franchising
The latest report describes franchised restaurants as part of its expansion approach, while the older report described growth through owned, licensed and managed restaurants.
10-K for FY2022, filed Mar 9, 2023 10-K for FY2025, filed Mar 19, 2026We expect to continue expanding our operations domestically and internationally primarily through a mix of owned, licensed and managed…View ↗
We expect to expand our operations domestically and internationally primarily through a mix of owned, licensed, managed and franchised…View ↗
Who Do They Compete With?
Competes with Ruth Chris Steak House, Del Frisco’s, Fleming’s, Mastro’s, The Capital Grille, Fogo De Chao, The Cheesecake Factory, Bonefish Grill, BJ’s, Nobu, Catch, Lavo, Zuma, Tao, Gerber Group, and Lettuce Entertain You
10-K for FY2025, filed Mar 19, 2026The restaurant and hospitality industries are intensely competitive with respect to price, quality of service, location, ambiance of…View ↗
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