Ark Restaurants Corp. ( (ARKR) ) has released its Q3 earnings. Here is a breakdown of the information Ark Restaurants Corp. presented to its investors.
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Ark Restaurants Corp., a company operating a diverse portfolio of dining establishments across the United States, has released its financial results for the third quarter of 2025, highlighting both challenges and areas of resilience.
The company reported a positive EBITDA of $1.79 million, although this marks a decrease from the previous year, primarily due to litigation expenses related to its Bryant Park operations. The ongoing legal issues have also negatively impacted revenue from the Bryant Park Grill. Additionally, Ark Restaurants faced a non-cash impairment of assets at its Sequoia restaurant in Washington D.C., reflecting the challenging market conditions there.
Despite these setbacks, Ark Restaurants noted strong performances from its operations at the New York-New York Hotel and Casino in Las Vegas, as well as its Rustic Inn property in Florida and Robert in NYC. The company’s balance sheet remains robust, with cash and cash equivalents totaling $12.33 million and total outstanding debt of $3.86 million. However, total revenues for the quarter saw a decline to $43.72 million from $50.40 million in the same period last year.
Looking ahead, Ark Restaurants remains committed to navigating its current challenges, particularly the legal dispute over its Bryant Park leases, which significantly contribute to its revenue. The company is focused on maintaining strong performance across its other locations and leveraging its solid financial position to support future growth.