ONE Group Q2 FY26 operating income rises to $6.6 million; revenue falls 3.3% to $200.5 million

• The ONE Group posted Q2 GAAP revenue of US$200.5 million, down 3.3% year over year due to permanent and temporary restaurant closures.
• GAAP operating income rose to US$6.6 million; net loss available to common stockholders narrowed to US$11.98 million.
• Restaurant operating profit margin widened 110 basis points to 16.4% of owned restaurant net revenue; consolidated comparable sales increased 0.9%.
• Year-to-date net cash from operating activities improved to US$33 million; cash and short-term credit card receivables totaled US$17.1 million.
• Management highlighted a two-location licensed STK airport deal; 2026 guidance includes GAAP revenue of US$805 million to US$820 million.

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