Ark Restaurants (ARKR) Q4 2023 Financial Results Summary
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Ark Restaurants Corp. (ARKR) Q4 2025 Financial Results Summary
Release Date: December 15, 2025
Ark Restaurants Corp. (NASDAQ: ARKR) has released its financial results for the fourth quarter and fiscal year ended September 27, 2025. Below is a summary of the key points from their report:
Quarterly Financial Highlights (13 weeks ended September 27, 2025 vs. September 28, 2024)
- Total Revenues:
- $37.32 million, down 14.1% from $43.41 million.
-
Notably, revenues from El Rio Grande and Tampa Food Court are not included in the current quarter.
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Same Store Sales:
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Decreased by 10.1% compared to the same quarter last year, attributed mainly to decreased catering and a la carte revenue at the Bryant Park Grill.
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EBITDA (as adjusted):
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Negative at $(1.07) million, compared to a positive $0.50 million in the prior year, a decline of 312.2%.
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Net Loss:
- $(1.92) million or $(0.53) per share compared to a net loss of $(4.46) million or $(1.24) per share in the prior year. This reflects a decrease in loss of 56.9%.
Annual Financial Highlights (52 weeks ended September 27, 2025 vs. September 28, 2024)
- Total Revenues:
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$165.75 million, a decrease of 9.7% from $183.55 million.
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Same Store Sales:
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Decreased by 4.2% versus the same period last year.
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EBITDA (as adjusted):
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$1.41 million, a decline of 77% from $6.13 million in the previous year.
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Net Loss:
- $(11.47) million or $(3.18) per share compared to a net loss of $(3.90) million or $(1.08) per share in the prior year, an increase in loss of 194.5%.
Operating Metrics
- Cash Position:
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Cash and cash equivalents stood at $11.32 million.
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Total Debt:
- Total outstanding debt amounted to $3.61 million.
Impairments and Legal Matters
- Goodwill Impairment:
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Recognized a non-cash impairment charge of $3.44 million due to a decline in stock price and uncertainty over Bryant Park leases.
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Litigation Costs:
- Ongoing litigation related to Bryant Park operations incurred over $400,000 in the most recent quarter, contributing to negative EBITDA.
Lease and Operational Updates
- Bryant Park Grill & Café:
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Leases expired in April and March 2025; ongoing disputes are affecting operations and revenue.
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Sequoia Property:
- Additional impairment charges of $2.94 million on right-of-use and long-lived assets were recorded due to continued poor performance.
Dividends and Share Repurchase
- The company did not declare a quarterly dividend during this period. No information regarding share repurchase programs was noted in the financial report.
Conclusion
Ark Restaurants faced significant challenges in achieving profitability during the fourth quarter of fiscal 2025, particularly due to negative impacts from ongoing litigation and operational disruptions. The company continues to emphasize maintaining a strong balance sheet for future growth while navigating the uncertain landscape of restaurant operations in key markets.
| 13 Weeks Ended | 13 Weeks Ended | 52 Weeks Ended | 52 Weeks Ended | |
|---|---|---|---|---|
| September 27, 2025 | September 28, 2024 | September 27, 2025 | September 28, 2024 | |
| TOTAL REVENUES | $37,323 | $43,406 | $165,751 | $183,545 |
| COSTS AND EXPENSES: | ||||
| Food and beverage cost of sales | 10,777 | 12,007 | 46,427 | 49,519 |
| Payroll expenses | 14,242 | 15,875 | 60,346 | 65,844 |
| Occupancy expenses | 5,399 | 6,254 | 22,527 | 24,622 |
| Other operating costs and expenses | 5,222 | 5,892 | 22,644 | 24,125 |
| General and administrative expenses | 2,709 | 3,112 | 12,001 | 12,263 |
| Depreciation and amortization | 696 | 909 | 3,138 | 4,090 |
| (Gain) loss on closure of El Rio Grande | — | 876 | -173 | 876 |
| Gain on termination of Tampa Food Court lease | — | — | -5,235 | — |
| Impairment losses on right-of-use and long-lived assets | — | — | 4,700 | 2,500 |
| Goodwill impairment | — | 4,000 | 3,440 | 4,000 |
| Total costs and expenses | 39,045 | 48,925 | 169,815 | 187,839 |
| OPERATING LOSS | -1,722 | -5,519 | -4,064 | -4,294 |
| OTHER (INCOME) EXPENSE: | ||||
| Interest expense, net | 76 | 129 | 369 | 577 |
| Other income | — | — | — | -26 |
| Gain on sale of condominiums | -203 | — | -594 | — |
| Gain on forgiveness of PPP Loans | — | — | — | -285 |
| Total other (income) expense, net | -127 | 129 | -225 | 266 |
| LOSS BEFORE BENEFIT FOR INCOME TAXES | -1,595 | -5,648 | -3,839 | -4,560 |
| Provision (benefit) for income taxes | 305 | -613 | 5,324 | -815 |
| CONSOLIDATED NET LOSS | -1,900 | -5,035 | -9,163 | -3,745 |
| Net (income) loss attributable to | -19 | 578 | -2,303 | -151 |
| non-controlling interests | ||||
| NET LOSS ATTRIBUTABLE TO ARK RESTAURANTS CORP. | -1,919 | -4,457 | -11,466 | -3,896 |
| NET LOSS PER ARK RESTAURANTS CORP. COMMON SHARE: | ||||
| Basic | -0.53 | -1.24 | -3.18 | -1.08 |
| Diluted | -0.53 | -1.24 | -3.18 | -1.08 |
| WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING: | ||||
| Basic | 3,605 | 3,604 | 3,605 | 3,604 |
| Diluted | 3,605 | 3,604 | 3,605 | 3,604 |
| EBITDA Reconciliation: | ||||
| Loss before benefit for income taxes | -1,595 | -5,648 | -3,839 | -4,560 |
| Depreciation and amortization | 696 | 909 | 3,138 | 4,090 |
| Interest expense, net | 76 | 129 | 369 | 577 |
| EBITDA (a) | -823 | -4,610 | -332 | 107 |
| EBITDA, adjusted: | ||||
| EBITDA (as defined) (a) | -823 | -4,610 | -332 | 107 |
| Non-cash stock option activity | -26 | -341 | 34 | -919 |
| (Gain) loss on closure of El Rio Grande | — | 876 | -173 | 876 |
| Gain on termination of Tampa Food Court lease, net of non-controlling interests | — | — | -3,365 | — |
| Impairment losses on right-of-use and long-lived assets | — | — | 4,700 | 2,500 |
| Goodwill impairment | — | 4,000 | 3,440 | 4,000 |
| Gain on sale of condominiums | -203 | — | -594 | — |
| Gain on forgiveness of PPP Loans | — | — | — | -285 |
| Net (income) loss attributable to | -19 | 578 | -2,303 | -151 |
| non-controlling interests | ||||
| EBITDA, as adjusted | -1,071 | 503 | 1,407 | 6,128 |
| September 27, 2025 | September 28, 2024 | |
|---|---|---|
| ASSETS | ||
| CURRENT ASSETS: | ||
| Cash and cash equivalents | 11,324 | 11,079 |
| Accounts receivable | 1,765 | 2,126 |
| Inventory | 225 | 197 |
| Prepaid expenses and other current assets | 1,099 | 1,271 |
| Total current assets | 14,413 | 14,673 |
| OTHER ASSETS: | ||
| Long-term financing receivables | 3,564 | 3,477 |
| Leasehold improvements, net | 20,062 | 23,458 |
| Property and equipment, net | 20,930 | 23,113 |
| Other assets | 315 | 256 |
| Total other assets | 44,871 | 50,304 |
| TOTAL ASSETS | 59,284 | 64,977 |
| LIABILITIES AND EQUITY | ||
| CURRENT LIABILITIES: | ||
| Accounts payable | 5,045 | 5,612 |
| Accrued liabilities | 3,224 | 3,574 |
| Current portion of long-term debt | 768 | 959 |
| Total current liabilities | 9,037 | 10,145 |
| LONG-TERM LIABILITIES: | ||
| Long-term debt | 2,841 | 2,749 |
| Other long-term liabilities | 1,306 | 1,257 |
| Total long-term liabilities | 4,147 | 4,006 |
| TOTAL LIABILITIES | 13,184 | 14,151 |
| STOCKHOLDERS’ EQUITY | ||
| Common stock and additional paid-in capital | 15,241 | 15,458 |
| Retained earnings | 24,859 | 25,060 |
| Total stockholders’ equity | 40,100 | 40,518 |
| TOTAL LIABILITIES AND EQUITY | 59,284 | 64,977 |