The ONE Group Hospitality ( (STKS) ) has released a notification of late filing.
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The ONE Group Hospitality, Inc. has filed a Form 12b-25 to notify investors of a delayed Form 10-K (Yearly Report) for the fiscal year ended December 28, 2025. The company’s annual report on Form 10-K (Yearly Report) was due March 13, 2026, but it will not be filed on time.
Management attributes the delay primarily to extra work required to finalize accounting and disclosures related to the valuation of its intangible assets. This technical valuation work has slowed completion of the financial statements and other year-end disclosures, making timely filing impractical without unreasonable effort.
The ONE Group Hospitality says it expects to file the Form 10-K (Yearly Report) within the 15-day grace period allowed under SEC Rule 12b-25. Investors should therefore anticipate the annual report’s submission by the end of March 2026, assuming no further complications arise.
Financially, the company is signaling a significant change in results of operations versus the prior year. It expects about a $60 million increase in income tax expense for fiscal 2025, mainly due to a non-cash tax valuation allowance, consistent with its previously filed third-quarter Form 10-Q (Quarter Report).
Because these expectations involve estimates and future filings, the company cautions that they are forward-looking statements subject to risks and uncertainties. Actual results may differ materially depending on business performance, accounting judgments, and other factors outlined in prior Form 10-K (Yearly Report) and Form 10-Q (Quarter Report) filings.
The filing also confirms that all other required SEC reports over the past 12 months have been made, suggesting broader reporting compliance remains intact. The notification is signed on behalf of The ONE Group Hospitality by Chief Financial Officer Nicole Thaung, underscoring management’s active involvement in resolving the delay and completing the annual report.
The most recent analyst rating on (STKS) stock is a Buy with a $4.00 price target. To see the full list of analyst forecasts on The ONE Group Hospitality stock, see the STKS Stock Forecast page.
Spark’s Take on STKS Stock
According to Spark, TipRanks’ AI Analyst, STKS is a Neutral.
The score is primarily constrained by weak financial performance—loss-making profitability, high leverage, and negative free cash flow. Technicals are supportive with price strength and positive MACD, but an overbought RSI raises pullback risk. Valuation is limited by negative earnings, while management commentary and corporate updates point to asset-light growth and cost/capex discipline, partially offset by near-term sales softness.
To see Spark’s full report on STKS stock, click here.
More about The ONE Group Hospitality
Average Trading Volume: 31,417
Technical Sentiment Signal: Sell
Current Market Cap: $55.68M
See more insights into STKS stock on TipRanks’ Stock Analysis page.