The ONE Group Q3 net loss narrows 79% to $16.38 million
STKS•The ONE Group Hospitality’s third-quarter net loss narrowed 79% year over year to $16.38 million, while total revenues fell to $176.96 million. The company updated its 2026 revenue target to $800 million to $810 million and authorized an additional $5 million in stock repurchases.
1. Quarterly results and outlook
The ONE Group Hospitality’s third-quarter net loss narrowed 79% year over year to $16.38 million. Total revenues fell to $176.96 million, with restaurant closures partly offset by new openings. Year-to-date operating cash flow more than doubled year over year to $41.79 million. Updated full-year 2026 targets include total revenues of $800 million to $810 million, with growth centered on franchising, licensing and low-cost conversions; the board authorized an additional $5 million in common stock repurchases on November 3, 2026.
