ONE Group Hospitality, Inc.
STKS · Retail-Eating Places · 31.6M shares · +2%/yr ↑ dilution · EDGAR filings ↗
Net buyback after stock comp: -$3M (gross $3M, SBC $6M)
Reference price $4.70 · est. market cap ~$148M — last insider sale, 2025-07-09 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
F38ONE Group is a distressed restaurant operator with a $92M net loss, near-zero cash runway and deeply negative equity.
Strengths
- Revenue +19.7% (73rd pct) driven by the Benihana acquisition
- Restaurant operating profit grew 18% to $127M
Risks
- Cash runway of ~0.6 quarters and current ratio 0.42 — acute liquidity distress
- $92M net loss (valuation allowance), negative book equity (D/E -4.4) and negative FCF
- Negative same-store sales across most brands amid weak discretionary spending
Notable findings
- No interest coverageInterest coverage 0.22 (cannot cover interest)
- Negative equityNegative book equity (debt/equity -4.40)
- Net lossNet loss (net margin -11.4%)
- Cash burnNegative free cash flow (-27.3M)
- Weak liquidityCurrent ratio 0.43 (<1)
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Operating margin
1.0%
Net margin
-11.4%
Return on equity
121.6%
Return on assets
-10.4%
ROIC
2.4%
Revenue growth (QoQ)
2.8%
Debt / equity
-4.4×
Net debt / EBITDA
6.4×
Interest coverage
0.2×
Current ratio
0.4×
Free cash flow
-$27M
EBITDA
$51M
Tangible book value
-$361M
Cash & investments
$4M
Cash runway
1q
Stock comp / revenue
0.7%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-04-29 | HILARIO EMANUEL N | Grant | 12K | — |
| 2026-04-29 | Thaung Nicole | Grant | 46K | $1.92 |
| 2026-04-29 | Thaung Nicole | Grant | 18K | — |
| 2026-04-29 | Segal Jonathan | Grant | 4.3K | — |
| 2026-04-15 | Hing Christi | Tax withheld | 5.6K | $1.94 |
| 2026-04-15 | Thaung Nicole | Tax withheld | 3.2K | $2.00 |
| 2026-04-15 | Segal Jonathan | Tax withheld | 11K | $1.98 |
| 2026-04-15 | HILARIO EMANUEL N | Tax withheld | 29K | $1.98 |
| 2026-03-31 | Serruya Michael | Grant | 18K | — |
| 2026-03-31 | Lintonsmith Susan | Grant | 18K | — |
| 2026-03-31 | Olinger Haydee | Grant | 18K | — |
| 2026-03-31 | Angelis Dimitrios | Grant | 18K | — |
| 2026-03-31 | CHAMBERS JAMES P. | Grant | 18K | — |
| 2026-03-31 | ROSS SCOTT I | Grant | 18K | — |
| 2026-03-31 | BULLIS EUGENE M | Grant | 18K | — |
| 2026-03-03 | Thaung Nicole | Grant | 33K | $1.92 |
| 2026-03-03 | Thaung Nicole | Grant | 36K | — |
| 2026-03-03 | Segal Jonathan | Grant | 34K | $1.92 |
| 2026-03-03 | Segal Jonathan | Grant | 38K | — |
| 2026-03-03 | Hing Christi | Grant | 25K | $1.92 |
| 2026-03-03 | HILARIO EMANUEL N | Grant | 91K | $1.92 |
| 2026-03-03 | HILARIO EMANUEL N | Grant | 101K | — |
| 2025-12-31 | BULLIS EUGENE M | Grant | 18K | — |
| 2025-12-31 | Lintonsmith Susan | Grant | 18K | — |
| 2025-12-31 | Olinger Haydee | Grant | 18K | — |
| 2025-12-31 | Angelis Dimitrios | Grant | 18K | — |
| 2025-12-31 | ROSS SCOTT I | Grant | 18K | — |
| 2025-12-31 | CHAMBERS JAMES P. | Grant | 18K | — |
| 2025-12-31 | Serruya Michael | Grant | 18K | — |
| 2025-09-30 | ROSS SCOTT I | Grant | 11K | — |
| 2025-09-30 | Lintonsmith Susan | Grant | 11K | — |
| 2025-09-30 | Olinger Haydee | Grant | 11K | — |
| 2025-09-30 | Angelis Dimitrios | Grant | 11K | — |
| 2025-09-30 | CHAMBERS JAMES P. | Grant | 11K | — |
| 2025-09-30 | Serruya Michael | Grant | 11K | — |
| 2025-09-30 | BULLIS EUGENE M | Grant | 11K | — |
| 2025-09-18 | HILARIO EMANUEL N | Tax withheld | 55K | $2.76 |
| 2025-09-08 | Thaung Nicole | Grant | 30K | — |
| 2025-08-04 | Segal Jonathan | Tax withheld | 630 | $3.20 |
| 2025-08-04 | Loy Tyler | Tax withheld | 390 | $3.20 |
| 2025-08-04 | HILARIO EMANUEL N | Tax withheld | 1.7K | $3.20 |
| 2025-07-09 | Kanen David | Sell | 72K | $4.70 |
| 2025-07-09 | Kanen David | Sell | 88K | $4.70 |
| 2025-07-08 | Kanen David | Sell | 35K | $4.77 |
| 2025-07-08 | Kanen David | Sell | 42K | $4.77 |
| 2025-07-07 | Kanen David | Sell | 40K | $4.94 |
| 2025-07-07 | Kanen David | Sell | 49K | $4.94 |
| 2025-06-30 | ROSS SCOTT I | Grant | 6.5K | — |
| 2025-06-30 | CHAMBERS JAMES P. | Grant | 6.5K | — |
| 2025-06-30 | Lintonsmith Susan | Grant | 6.5K | — |
| 2025-06-30 | Olinger Haydee | Grant | 6.5K | — |
| 2025-06-30 | Angelis Dimitrios | Grant | 6.5K | — |
| 2025-06-30 | Serruya Michael | Grant | 6.5K | — |
| 2025-06-30 | BULLIS EUGENE M | Grant | 6.5K | — |
| 2025-06-27 | Kanen David | Sell | 24K | $4.61 |
| 2025-05-22 | Hing Christi | Tax withheld | 2.0K | $4.26 |
| 2025-05-22 | Loy Tyler | Tax withheld | 4.4K | $4.26 |
| 2025-04-15 | Hing Christi | Tax withheld | 1.5K | $3.20 |
| 2025-04-15 | Loy Tyler | Tax withheld | 1.7K | $3.20 |
| 2025-03-31 | CHAMBERS JAMES P. | Grant | 8.8K | — |
| 2025-03-31 | ROSS SCOTT I | Grant | 8.8K | — |
| 2025-03-31 | Olinger Haydee | Grant | 8.8K | — |
| 2025-03-31 | Lintonsmith Susan | Grant | 8.8K | — |
| 2025-03-31 | Angelis Dimitrios | Grant | 8.8K | — |
| 2025-03-31 | Serruya Michael | Grant | 8.8K | — |
| 2025-03-31 | BULLIS EUGENE M | Grant | 8.8K | — |
| 2025-03-20 | Hing Christi | Tax withheld | 2.5K | $3.03 |
| 2025-03-20 | Segal Jonathan | Tax withheld | 4.4K | $3.10 |
| 2025-03-20 | Loy Tyler | Tax withheld | 4.4K | $3.03 |
| 2025-03-20 | HILARIO EMANUEL N | Tax withheld | 12K | $3.10 |
| 2025-03-14 | Loy Tyler | Buy | 10K | $2.55 |
| 2025-03-13 | Segal Jonathan | Buy | 2.0K | $2.46 |
| 2025-03-04 | Hing Christi | Grant | 16K | $2.98 |
| 2025-03-04 | Loy Tyler | Grant | 15K | $2.98 |
| 2025-03-04 | Loy Tyler | Grant | 19K | — |
| 2025-03-04 | Segal Jonathan | Grant | 22K | $2.98 |
| 2025-03-04 | Segal Jonathan | Grant | 27K | — |
| 2025-03-04 | HILARIO EMANUEL N | Grant | 59K | $2.98 |
| 2025-03-04 | HILARIO EMANUEL N | Grant | 72K | — |
| 2024-12-31 | ROSS SCOTT I | Grant | 9.1K | — |
| 2024-12-31 | CHAMBERS JAMES P. | Grant | 9.1K | — |
| 2024-12-31 | Loy Tyler | Tax withheld | 872 | $3.57 |
| 2024-12-31 | HILARIO EMANUEL N | Tax withheld | 55K | $3.85 |
| 2024-12-31 | Lintonsmith Susan | Grant | 9.1K | — |
| 2024-12-31 | Olinger Haydee | Grant | 9.1K | — |
| 2024-12-31 | Serruya Michael | Grant | 9.1K | — |
| 2024-12-31 | Angelis Dimitrios | Grant | 9.1K | — |
| 2024-12-31 | BULLIS EUGENE M | Grant | 9.1K | — |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-05-19 | 2026-05-19 | 0001104659-26-063944 ↗ |
| 8-K | 2026-05-06 | 2026-05-06 | 0001104659-26-056358 ↗ |
| 10-Q | 2026-05-06 | 2026-03-29 | 0001104659-26-056367 ↗ |
| 10-K | 2026-03-19 | 2025-12-28 | 0001104659-26-032065 ↗ |
| 8-K | 2026-03-19 | 2026-03-19 | 0001104659-26-031731 ↗ |
| 8-K | 2026-03-13 | 2026-03-13 | 0001104659-26-027350 ↗ |
| 8-K | 2026-01-12 | 2026-01-12 | 0001104659-26-002722 ↗ |
| 8-K | 2025-12-29 | 2025-12-23 | 0001104659-25-124852 ↗ |
| 8-K | 2025-12-12 | 2025-12-12 | 0001104659-25-120509 ↗ |
| 8-K | 2025-11-06 | 2025-11-06 | 0001104659-25-107731 ↗ |
| 10-Q | 2025-11-06 | 2025-09-28 | 0001104659-25-107770 ↗ |
| 8-K | 2025-09-10 | 2025-09-10 | 0001558370-25-011985 ↗ |