Start here if you're new
what it is
The ONE Group runs 63 upscale restaurants, lounges, and hotel dining spots.
how it gets paid
Last year One Hospital made $673M in revenue.
what just happened
The quarter brought in $599M of revenue and still lost $3.55 a share.
At a glance
C balance sheet — red flag territory — real financial stress
25/100 earnings predictability — expect surprises
5.9% return on capital — nothing to write home about
-$1.12 fy2024 eps est
$673M fy2024 rev est
xvary composite: 25/100 — weak
What they do
The ONE Group runs 63 upscale restaurants, lounges, and hotel dining spots.
28 STKs vs. 27 Kona Grills gives you two national brands, not one lonely concept. The company is already inside hotels and casinos with names like Hyatt and Cosmopolitan. That makes leaving harder for your appetite, because the dinner option is built into the trip.
How they make money
$673M
annual revenue
total revenue
$673M
n/a
The products that matter
owned upscale restaurants
Company-Owned Restaurants
$644.6M · about 80% of revenue
this is the main engine. it produced $644.6M of the company’s $805.7M in revenue, which means your economics live and die with restaurant traffic, pricing, and labor control.
core
third-party venue management
Hospitality Management
$161.1M · about 20% of revenue
this segment contributed $161.1M. it matters because it adds revenue without requiring every dollar to come from company-owned boxes.
lighter model
flagship premium concept
STK Steakhouse
brand-led growth vehicle
the company is still opening around this concept, with plans for 6–10 new venues in 2026. if openings land and margins recover, this is the brand carrying the turnaround.
expansion bet
Key numbers
$673M
annual revenue
Revenue is the size of the engine. $673M means the company still sells a lot, even with a $54M market cap.
-$1.12
FY2024 EPS
EPS means profit per share. At -$1.12, each share lost money for the year.
1.6%
op margin
Operating margin means profit left after running the business. 1.6% says almost all sales get spent before the line.
92%
debt/capital
Debt as a share of capital tells you who owns the downside. At 92%, lenders sit much closer to the steering wheel than shareholders.
Financial health
C
strength
- balance sheet grade C — very weak — significant financial distress
- risk rank 5 — safer than 5% of stocks
- price stability 10 / 100
- long-term debt $620M (92% of capital)
C — balance sheet grade and long-term debt are flagged. this stock carries more risk than average.
Total return vs. market
Return history isn't available for STKS right now.
source: institutional data · return history unavailable
What just happened
missed estimates
The quarter brought in $599M of revenue and still lost $3.55 a share.
Revenue was up 232% vs. prior year, but EPS stayed negative at -$3.55. Bigger sales did not turn into profit.
$599M
revenue
-$3.55
eps
232%
revenue vs. last year
the number that mattered
Revenue at $599M mattered most because it shows scale. The $3.55 loss says the scale is still not paying the bills.
source: company earnings report, 2025
Get this snapshot in your inbox
This page, delivered free — plus weekly updates when the numbers change. plain english, no spam.
weekly updates
earnings alerts
plain english
no spam
What could go wrong
the top risk is expansion without margin recovery at STK Steakhouse.
high
persistent unprofitability
2025 revenue was $805.7M, yet the company posted a $125.5M net loss and a -11.45% net margin. that means growth is not converting into shareholder earnings.
if this persists, equity holders are financing a bigger business that still does not earn money.
high
balance sheet strain
long-term debt stands at $620M, or 92% of capital, against a market cap of about $54M. that is a very small equity cushion for a cyclical consumer business.
you do not need a disaster here. a few weak quarters can make the capital structure the story.
med
restaurant margin pressure
restaurant-level margins fell 200 basis points in the latest period. labor, occupancy, and food costs do not need to move much for low-margin operators to feel it.
another 200-basis-point slip would make the 2026 turnaround targets much harder to believe.
med
expansion execution risk
management plans to open 6–10 new venues in 2026 while guiding to $840M–$855M in revenue. openings are expensive, and weak new-unit performance can turn growth into another margin problem.
if new stores open into soft demand, you get more revenue and more operating stress at the same time.
$620M of long-term debt against a $54M market cap is the contrast that matters. this company needs margin recovery, not just more openings.
source: institutional data · regulatory filings · risk analysis
Pay attention to
the number
2026 adjusted EBITDA guide
management is targeting $100M–$110M of adjusted EBITDA. if they cannot reach that after a $125.5M net loss year, the turnaround case gets a lot thinner.
calendar
6–10 venue openings
that is a wide range for a company this size. every opening matters because the growth story depends on new boxes arriving on time and performing fast.
trend
1%–3% comparable sales growth
comps tell you whether existing restaurants are getting healthier. in human terms: are the stores already open actually improving.
risk
margin recovery after the 200-basis-point decline
this is the operational tell. if margins keep falling while units keep opening, revenue growth will not save the equity story.
Analyst rankings
earnings predictability
25 / 100
earnings swing around. in human-speak, analysts do not trust this business to produce clean, repeatable quarters yet.
price stability
10 / 100
price stability measures how wild the stock tends to be. a 10/100 score means this is closer to a trade than a bunker stock.
balance sheet grade
C
balance sheet strength is weak. translation: the company has less room to absorb bad execution than healthier restaurant names.
source: institutional data
Institutional activity
institutional ownership data for STKS is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$2
current price
n/a
target midpoint · n/a from current
Want the deeper analysis?
The full deep dive: dcf model, scenario analysis, competitive moat breakdown, and quarterly tracking — everything on this page, taken further.
see plans from $5/moThe deep dive