Highlights

  • Second quarter Revenue was USD 55,729 thousand against USD 55,041 thousand.
  • The net loss was USD 4,633 thousand, or USD 0.14 per Class A share.
  • Food costs rose 16.9% to USD 21.8 million.
  • The Working Capital Deficit was USD 41.7 million at June 30, 2026.

GEN Restaurant Group, Inc. (NASDAQ:GENK) shares were trading near their all-time low at USD 1.27 on November 6, 2026, down 2.31% on the day. The company reported second quarter revenue of USD 55,729 thousand and a net loss of USD 4,633 thousand, or USD 0.14 per Class A share.

GEN is an Asian casual dining restaurant concept offering an extensive menu of traditional Korean and Korean-American food, including meats, poultry and seafood, founded in 2011.

Quarter Results

Revenue was USD 55,729 thousand against USD 55,041 thousand. Total costs and expenses were USD 60,881 thousand against USD 56,921 thousand. The loss from operations was USD 5,152 thousand against USD 1,880 thousand, and the net loss was USD 4,633 thousand against USD 1,698 thousand.

The loss per Class A share was USD 0.14 against USD 0.05.

Six-Month Results

Revenue was USD 109,626 thousand against USD 112,377 thousand. Total costs and expenses were USD 121,986 thousand against USD 116,433 thousand, and the loss from operations was USD 12,360 thousand against USD 4,056 thousand.

The net loss was USD 11,832 thousand, or USD 0.36 per Class A share, against USD 3,662 thousand, or USD 0.11 per share.

Cost Lines

Food costs were USD 21.8 million against USD 18.6 million, an increase of USD 3.2 million, or 16.9%. The filing states that the consumer packaged goods Business accounted for USD 2.5 million, or 81%, of the increase.

Payroll and benefits costs were USD 15.6 million against USD 16.6 million, a decrease of USD 0.9 million, or 5.7%, as the company implemented labor measures described in the filing.

Cash, Liquidity and Balance Sheet

Cash was USD 5.9 million at June 30, 2026 against USD 2.8 million at December 31, 2025. The working capital deficit was USD 41.7 million against USD 31.3 million. Net cash used in Operating Activities was USD 826 thousand against cash provided of USD 5,480 thousand, and financing activities provided USD 9,404 thousand.

Total Assets were USD 247,784 thousand against USD 259,856 thousand, and total liabilities were USD 230,317 thousand against USD 231,850 thousand.

Share Structure

As of August 4, 2026, there were 5,364,808 shares of Class A common stock and 27,599,810 shares of Class B common stock outstanding. The Class A stock is listed on the Nasdaq Global Market.