Latest revenue
$140.0M
as of 2025-09-28
Latest net income
$-58.2M
as of 2025-09-28
Net margin
-41.6%
as of 2025-09-28
Price
Price history unavailable for FABTQ.
Market data
Price feed temporarily unavailable for FABTQ.
5-year trend
What this company does
FAT Brands owns and franchises a portfolio of quick-service, fast-casual, and casual-dining restaurant chains, while also operating company-owned locations and a manufacturing facility. Company-operated restaurant sales generate the bulk of revenue (~$298M of $429M YTD), supplemented by franchise royalties, advertising fees, and factory sales of dough and mixes. The ticker's 'Q' suffix signals bankruptcy: with $1.26B of long-term debt now classified current, a $594M stockholders' deficit, and $161M in YTD losses against just $2M of unrestricted cash, the capital structure has collapsed under crushing interest expense.
Generated from FABTQ's filing dated 2025-02-28
Key risks
- Bankruptcy/going concern: ticker FABTQ signals Chapter 11; $1.26B long-term debt reclassified to current vs only $2M non-current at Sept 2025.
- Stockholders' deficit of $594M with accumulated deficit of $612M; nine-month net loss $161M and operating cash burn of $55M.
- Crushing interest load: $103.5M interest expense plus $13.3M preferred dividends on just $429M revenue, with only $2M unrestricted cash remaining.
Generated from FABTQ's filing dated 2025-02-28
Profitability
Operating margin
-8.8%
289.6%Net margin
-32.0%
70.8%Return on equity
41.7%
18.3%Return on assets
-14.7%
126.9%Leverage
Debt / equity
-3.83×
40.4%Long-term debt / equity
-2.65×
38.9%Debt / assets
135.3%
14.3%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q3 2025 2025-09-28 | $140.0M | -2.3% | $-58.2M | -30.1% | -41.6% |
Q2 2025 2025-06-29 | $146.8M | -3.4% | $-54.2M | -37.7% | -36.9% |
Q1 2025 2025-03-30 | $142.0M | -6.5% | $-46.0M | -20.0% | -32.4% |
Q4 2024 2024-12-29 | $145.3M | — | $-67.4M | — | -46.4% |
Q3 2024 2024-09-29 | $143.4M | +31.1% | $-44.8M | -81.5% | -31.2% |
Q2 2024 2024-06-30 | $152.0M | +42.4% | $-39.4M | -455.1% | -25.9% |
Q1 2024 2024-03-31 | $152.0M | — | $-38.3M | — | -25.2% |
Q3 2023 2023-09-24 | $109.4M | — | $-24.7M | — | -22.5% |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Retail-Eating Places · SIC 5812
Your notes
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Insider activity
Insider buying
$31.2M
Insider selling
$1.4M
Net activity
+$29.8M
Distinct insiders
3
Open-market trades over the last 365 days.
Recent transactions
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns FABTQ
Institutional value
$106.8K
Total shares held
84.3K
Distinct holders
8
+2 vs prior
As of
2025-12-31
Prior: 2025-09-30
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | GEODE CAPITAL MANAGEMENT, LLC | 42.1K | $53.5K | -17.5K (-29.3%) | Trimmed |
| 2 | Tower Research Capital LLC (TRC) | 22.0K | $27.7K | +20.3K (+1176.7%) | Added |
| 3 | VANGUARD GROUP INC | 19.7K | $25.0K | -787 (-3.8%) | Trimmed |
| 4 | UBS Group AG | 461 | $581 | — | New |
| 5 | BANK OF AMERICA CORP /DE/ | 4 | $5 | -4 (-50.0%) | Trimmed |
| 6 | OSAIC HOLDINGS, INC. | 4 | $5 | +0 (+0.0%) | No change |
| 7 | FMR LLC | 2 | $3 | — | New |
| 8 | MORGAN STANLEY | 1 | $2 | -1 (-50.0%) | Trimmed |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
- 1
With $1.26B of long-term debt now classified current and only $2.05M unrestricted cash, what is your specific refinancing path before maturity?
- 2
Why should investors not view the FABTQ ticker and $593.8M stockholders' deficit as signaling imminent Chapter 11 filing?
- 3
Interest expense hit $103.5M YTD against $428.9M revenue—at what point does securitization debt service become mathematically uncoverable by royalties?
Refreshed when FABTQ files a new report · last from 2025-02-28