ONE Group Hospitality, Inc.

The ONE Group Hospitality, Inc. (NASDAQ: STKS) operates an international restaurant company developing, owning, operating, managing, franchising and licensing upscale and polished casual, high-energy restaurants. The company maintains its website at www.togrp.com.

The ONE Group's primary restaurant brands include STK, a modern twist on the American steakhouse concept featuring premium steaks, seafood and specialty cocktails in an energetic upscale atmosphere; Benihana, an interactive dining destination with highly skilled chefs preparing food in front of guests in a teppanyaki setting; Kona Grill, a polished casual bar-centric grill concept featuring American favorites, award-winning sushi and specialty cocktails; and RA Sushi, a Japanese cuisine concept offering a fun-filled, bar-forward dining atmosphere. The company also operates ONE Hospitality, its food and beverage hospitality management services platform that develops, manages and operates restaurants, bars, rooftop lounges, banqueting and catering facilities for high-end hotels and casinos.

As of December 28, 2025, the company operated 158 venues globally, including 31 STKs, 86 Benihanas, 23 Kona Grills, 12 RA Sushis and six F&B venues across North America, Europe and the Middle East. The company employs approximately 9,500 employees worldwide, combining full-time, part-time and managed employees, with an average headcount of 70 employees per domestic restaurant.

The ONE Group operates through a mix of owned, licensed, managed and franchised locations. The company's capital light strategy emphasizes licensing, management and franchising arrangements that require significantly less capital than expansion through owned restaurants alone. In 2025, average domestic restaurant revenues and average check per person for owned and managed STK restaurants open at least 24 months were $14.2 million and $129, respectively. For Benihana, average domestic restaurant revenues and average transaction were $6.3 million and $116. Grill Concepts restaurants averaged $3.6 million in revenues with a $64 average transaction.

The company maintains strong relationships with national and regional foodservice distributors and emphasizes culinary innovation and consistent quality standards across all locations. Beverages represent a significant revenue component, accounting for approximately 22 percent of STK revenues, 13 percent of Benihana revenues and 23 percent of Grill Concepts revenues in 2025.