Ark Restaurants Corp. reported its fourth‑quarter and full‑year 2025 financial results, showing a sharp reversal in profitability. The quarter ended September 27, 2025, saw a negative adjusted EBITDA of $1.07 million, compared with a positive $503,000 in the same period a year earlier. Net loss for the quarter was $1.92 million, or $0.53 per share, versus a $4.46 million loss, or $1.24 per share, in the prior year’s comparable quarter.
Revenue fell 14.2% to $37.32 million from $43.41 million year‑ago, driven largely by a 28% drop in sales at the Bryant Park Grill and lower traffic at the New York‑New York Hotel and Casino in Las Vegas. The company’s full‑year 2025 revenue totaled $165.75 million, down 9.5% from $183.55 million in 2024. Cash balance stood at $11.32 million against $3.61 million of debt, giving the company a strong liquidity cushion.
Management attributed the loss of profitability to litigation costs that exceeded $400,000 in the quarter, which impacted the Bryant Park Grill’s event business. CEO Michael Weinstein noted that the D.C. market remains difficult, but highlighted that other portfolio locations—such as the Rustic Inn in Florida and the Robert restaurant in New York—performed better than the previous year. Weinstein also emphasized that the balance sheet remains solid, supporting future growth.
The results also underscore the company’s exposure to macro‑economic headwinds. Lower customer traffic in Las Vegas and broader market softness in the D.C. area contributed to the revenue decline, while the litigation expense added a one‑time drag on earnings. The negative adjusted EBITDA signals margin compression, reflecting the cost of litigation and the need to manage operating expenses amid weaker demand.
While the company did not provide forward guidance in this release, the cash position and debt levels suggest that Ark Restaurants can weather the current downturn and focus on restructuring its portfolio. Investors will likely monitor the outcome of the Bryant Park litigation and the company’s ability to restore profitability in its core locations.
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