ARK RESTAURANTS CORP financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data ARK RESTAURANTS CORP files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	151	154	160	162	106	132	184	185	184	166
General and administrative	11.7	11.5	11.2	12	10.2	10.5	12.9	12.4	12.3	12
Operating income	7.82	7.01	5.03	3.25	-7.8	6.21	9.86	-4.84	-4.29	-4.06
Interest expense	0.42	0.75	1.16	1.44	1.42	1.23	1.19	1.24	0.62	0.41
Interest income	0.18	0.17	0.06	0.06	0.13	0.05	0.11	0.33	0.04	0.05
Other non-operating income	-0.24	-0.58	-1.11	-1.38	-1.21	9.22	1.76	-0.58	-0.27	0.23
Pre-tax income	7.59	6.43	3.93	1.87	-9	15.4	11.6	-5.42	-4.56	-3.84
Income tax	2.1	1.67	-1.15	-0.59	-4.39	1.18	1.45	-0.06	-0.82	5.32
Net income to minority interests	1.46	0.72	0.42	-0.22	0.07	1.35	0.89	0.57	0.15	2.3
Net income	4.03	4.04	4.66	2.68	-4.69	12.9	9.28	-5.93	-3.9	-11.5
EBITDA	12.3	11.1	10	8.3	-3.89	9.78	14.1	-0.62	-0.29	-1.01
EPS, basic	1.18	1.18	1.35	0.77	-1.34	3.67	2.61	-1.65	-1.08	-3.18
EPS, diluted	1.15	1.14	1.31	0.76	-1.34	3.58	2.58	-1.65	-1.08	-3.18
Shares, basic (weighted)	3.42	3.42	3.44	3.48	3.5	3.52	3.56	3.6	3.6	3.61
Shares, diluted (weighted)	3.51	3.53	3.55	3.53	3.5	3.6	3.6	3.6	3.6	3.61
Dividend per share	1.00	1.00	1.00	1.00	0.25		0.25	0.63	0.56

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	7.24	1.41	5.01	7.18	16.9	19.2	23.4	13.4	10.3	11.3
Receivables	3.75	3.35	3.45	2.62	1.74	4.11	3.19	3.31	3.52	1.99
Inventory	1.89	1.99	2.09	2.22	2.55	3.51	3.71	3.09	2.29	2.02
Other current assets				1.02	2.47	3.21	1.52	1.57	1.6	2.03
Total current assets	16	10.1	13.2	13.7	26.9	34.3	39.1	21.9	18.2	17.8
Property, plant and equipment	29.5	45.2	45.3	47.8	37.7	36.2	34.7	34.3	31.6	29.2
Lease right-of-use assets				0	54.2	56.3	102	96.5	85	73.4
Goodwill	7.9	9.88	9.88	15.6	15.6	17.4	17.4	7.44	3.44	0
Other non-current assets	2.56	2.68	2.68	2.64	2.43	2.27	2.52	2.16	2.16	2.16
Total assets	68.3	80.1	84.7	94.7	153	161	210	177	156	134
Accounts payable	2.88	4.75	5.02	3.55	2.33	4.89	4.47	4.06	4.55	4.48
Accrued liabilities	2.5	2.48	3.23	2.94	3.3	4.76	5.52	4.49	4.55	3.62
Deferred revenue			4.44	4.55	3.66	4.99	5.53	5.96	4.38	4.27
Total current liabilities	16.7	26.2	17.8	18.1	30.1	31.7	34.9	27.9	28.9	23.2
Long-term debt	5.32	7.82	19.9	23.8	36.1	25.5	17.1	5.14	0	2.02
Lease liabilities					50	52.6	97.4	92.2	83.5	75.8
Total liabilities	25.6	37.6	41	51.9	116	110	149	125	112	101
Total debt	0.01	0.01			35.6
Paid-in capital	12.9	12.6	12.9	13.3	13.5	14.5	15.5	14.2	13.9	14
Retained earnings	27.2	27.8	29.4	28.6	23	35.9	44.3	36.1	30.2	18.7
Shareholders' equity	40.1	40.4	42.3	41.9	36.5	50.4	59.8	50.3	44.1	32.7
Minority interests	2.57	2	1.44	0.84	0.63	1.04	0.32	1.43	-0.5	-0.61
Total equity	42.7	42.4	43.7	42.7	37.2	51.5	60.1	51.7	43.6	32.1
Total liabilities and equity	68.3	80.1	84.7	94.7	153	161	210	177	156	134
Shares outstanding	3.42	3.43	3.47	3.5	3.5	3.55	3.6	3.6	3.6	3.61

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	5.49	4.76	5.07	2.46	-4.62	14.2	10.2	-5.36	-3.75	-9.16
Depreciation and amortization	4.49	4.1	5.01	5.06	3.91	3.58	4.19	4.23	4	3.05
Stock-based compensation	0.29	0	0.05	0.11	0.18	0.28	0.3	0.31	-0.92	0.03
Deferred income tax	1.13	1.55	-1.5	-1.12	-1.79	2.2	0.58	-0.62	-1.06	5.16
Change in receivables	-0.53	0.4	-0.1	0.83	0.88	-2.38	0.93	-0.13	-0.2	1.53
Change in inventory	0.13	0.19	-0.1	-0.05	-0.33	-0.92	-0.2	0.61	0.8	0.25
Cash from operations	7.61	10.4	9.58	10.6	-4.53	9.29	20.3	8.39	4.65	1.75
Capital expenditures	-2.16	-13.9	-5.06	-3.42	-2.49	-2.14	-2.7	-3.86	-2.47	-3.25
Cash from investing	-3.05	-14.6	-5.05	-3.2	-2.46	-3.45	-7.76	1.28	-2.39	3.43
Debt issued				0	15	0.11	0
Debt repaid						-0.07	-1.57	-0.53	0
Stock issued	0.08	0.07	0.6	0.27	0.05	0.71	0.7	0.04	0	0.02
Dividends paid	-3.42	-2.57	-3.44	-3.48	-1.75	0	-0.89	-2.25	-2.03	0
Cash from financing	-7.06	-1.54	-0.92	-5.25	16.7	-3.56	-8.32	-19.7	-5.4	-4.13
Net change in cash	-2.5	-5.83	3.61	2.17	9.71	2.29	4.27	-10	-3.14	1.05
Free cash flow	5.45	-3.55	4.51	7.2	-7.01	7.16	17.6	4.53	2.19	-1.5
Interest paid	0.42	0.71	1.01	1.42	1.4	1.07	1.12	1.29	0.44	0.36
Income taxes paid	2.85	1.49	0.13	0.73	0.22	0.01	0.83	0.35	0.17	0.2

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 27, 2026; growth uses fiscal years. Valuation uses the share price of $4.51 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Operating margin	-1.6%	Operating income / revenue.
EBITDA margin	0.0%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	-1.5%	Pre-tax income / revenue.
Net margin	-2.0%	Net income / revenue.
FCF margin	-4.1%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	-0.2%	Cash from operations / revenue.
Return on equity (ROE)	-10.1%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	-2.5%	Net income / average total assets.
Return on invested capital (ROIC)	-8.7%	Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
Stock-based pay / revenue	0.0%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	3.9%	Capital expenditures / revenue.
D&A / revenue	1.6%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	-9.7%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	-3.4%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	9.3%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	-62.4%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	-55.8%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow growth, 1y	-168.3%	Free cash flow vs the same period a year earlier. Only from a positive base.
Book value growth, 1y	-25.9%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	-18.2%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	-2.2%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	-14.4%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	-14.0%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	-2.7%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	0.0%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	0.0%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	0.6%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	0.78x	Current assets / current liabilities.
Quick ratio	0.58x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.46x	(Cash + short-term investments) / current liabilities.
Liabilities / assets	76.0%	Total liabilities / total assets.
Interest coverage	-6.70x	Operating income / interest expense.
Working capital	-$4.4M	Current assets - current liabilities.
Tangible book value	$31.5M	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	1.21x	Revenue / average total assets.
Fixed asset turnover	4.92x	Revenue / average property, plant and equipment.
Receivables turnover	66.0x	Revenue / average receivables.
Days sales outstanding	6 days	365 x average receivables / revenue.

Per share

Metric	Value	How it is calculated
EPS, diluted	-$0.88	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$43.13	Revenue / diluted weighted shares.
FCF per share	-$1.75	Free cash flow / diluted weighted shares.
Operating cash flow per share	-$0.07	Cash from operations / diluted weighted shares.
Book value per share	$8.74	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$8.74	Tangible book value / shares outstanding.
Cash per share	$2.63	(Cash + short-term investments) / shares outstanding.

Valuation

Metric	Value	How it is calculated
Market cap	$16.3M	Share price x shares outstanding.
Enterprise value	$6.8M	Market cap + total debt - cash - short-term investments.
P/S	0.10x	Market cap / revenue.
P/B	0.52x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	0.52x	Market cap / tangible book value, when positive.
EV/Sales	0.04x	Enterprise value / revenue.
EV/EBITDA	109x	Enterprise value / EBITDA, when both are positive.
FCF yield	-38.9%	Free cash flow / market cap.
Earnings yield	-19.5%	Net income / market cap (the inverse of P/E).

What was ARK RESTAURANTS CORP's revenue in fiscal 2025?

ARK RESTAURANTS CORP reported revenue of $165.8M for fiscal 2025, 9.7% lower than the year before.

Was ARK RESTAURANTS CORP profitable in fiscal 2025?

No. It reported a net loss of $11.5M.

How much free cash flow did ARK RESTAURANTS CORP generate in fiscal 2025?

Cash from operations of $1.8M minus capital expenditures of $3.2M left free cash flow of -$1.5M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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