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Ark Restaurants (ARKR) investor relations material
Ark Restaurants Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Cash position at $11.32 million, up from $10.2 million year-over-year; debt at $3.61 million.
Adjusted EBITDA for the year was $1.41 million, down from $6.13 million last year, mainly due to Bryant Park legal fees and catering business impact.
Q4 adjusted EBITDA was negative $1.07 million, down from positive $503,000 year-over-year, primarily due to over $400,000 in Bryant Park litigation expenses.
Net loss for the year was $11.47 million ($3.18/share), compared to $3.90 million ($1.08/share) last year, including a $4.8 million deferred tax asset valuation allowance.
Las Vegas and New York properties saw positive cash flow improvements, while Alabama performed well and Florida properties declined 5-7%.
Financial highlights
Full-year adjusted EBITDA dropped to $1.41 million from $6.13 million year-over-year.
Q4 revenue was $37.32 million, down from $43.41 million year-over-year; full-year revenue was $165.75 million, down from $183.55 million.
Legal fees and catering business issues at Bryant Park cost nearly $4 million combined.
Tax provision recorded despite pre-tax loss due to deferred tax asset write-off and naked tax credits.
Same store sales (excluding closed units) declined 10.1% in Q4 and 4.2% for the year.
Outlook and guidance
December quarter expected to be significantly better than last year, with improved efficiency and cash flows.
Anticipation of a potential casino license at Meadowlands, with exclusive food and beverage rights if approved.
Ongoing search for new property acquisitions, with two letters of intent and another negotiation in progress.
Management remains committed to the D.C. location despite market challenges.
Company intends to continue operating Bryant Park properties until lease extensions are awarded or vacate is ordered, with ongoing litigation to protect its interests.
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