Form 8-K

8-K — GEN Restaurant Group, Inc.

Accession: 0001193125-26-342377

Filed: 2026-08-10

Period: 2026-08-10

CIK: 0001891856

SIC: 5812 (RETAIL-EATING PLACES)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — genk-20260810.htm (Primary)

EX-99.1 (genk-ex99_1.htm)

GRAPHIC (img31578986_0.jpg)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

8-K (Primary)

Filename: genk-20260810.htm · Sequence: 1

8-K

false000189185600018918562026-08-102026-08-10

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): August 10, 2026

GEN Restaurant Group, Inc.

(Exact name of Registrant as Specified in Its Charter)

Delaware

001-41727

87-3424935

(State or Other Jurisdiction

of Incorporation)

(Commission File Number)

(IRS Employer

Identification No.)

11480 South Street, Suite 205

Cerritos, CA

90703

(Address of Principal Executive Offices)

(Zip Code)

Registrant’s Telephone Number, Including Area Code: (562) 356-9929

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading

Symbol(s)

Name of each exchange on which registered

Class A Common stock, par value $0.001 per share

GENK

The Nasdaq Stock Market LLC

(The Nasdaq Global Market)

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition.

On August 10, 2026, GEN Restaurant Group, Inc. (the “Company”) issued a press release announcing its financial results for the quarter ended June 30, 2026. A copy of the press release is furnished as Exhibit 99.1 to this report.

The information included or incorporated by reference in this Item 2.02, including Exhibit 99.1, is being furnished to the Securities and Exchange Commission and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, and shall not be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits. The following exhibits are filed herewith.

Exhibit

Number

Description

99.1

Press release, dated August 10, 2026, issued by GEN Restaurant Group, Inc.

104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

GEN RESTAURANT GROUP, INC.

Date: August 10, 2026

By:

/s/ Luke Hewko

Luke Hewko

Chief Financial Officer

EX-99.1

Filename: genk-ex99_1.htm · Sequence: 2

EX-99.1

Exhibit 99.1

GEN Restaurant Group Reports Second Financial Results

CPG Momentum Accelerates with Purchase Commitments from More Than 100 Costco Warehouses Nationwide and New Distribution Agreements with United Natural Foods and C&S Wholesale Grocers; Second Quarter Revenue Increased 1.2% Year-Over-Year to $55.7 Million

CERRITOS, CA, August 10, 2026 - GEN Restaurant Group, Inc. (“GEN” or the “Company”) (Nasdaq: GENK), a leader in Korean BBQ both in-restaurant and at home, with 54 GEN Korean BBQ locations and a rapidly growing consumer packaged goods (“CPG”) business, today announced its financial results for the second quarter ended June 30, 2026

Financial Summary:

Q2 2026

Q2 2025

$ in millions (except per share data)

Revenue

55.7

55.0

Loss from operations

(5.2

)

(1.9

)

Restaurant-Level Adjusted EBITDA (non-GAAP)

6.3

9.0

Adjusted EBITDA (non-GAAP)

(0.0)

1.9

Net Loss

4.6

(1.7

)

Net Loss per Class A Share (Diluted)

(0.14

)

(0.05

)

Second Quarter 2026 Financial and Recent Operational Highlights

•

Total revenue increased 1.2% to $55.7 million for the second quarter of 2026, as compared to $55.0 million in the second quarter of 2025, which reflects growth in the Company's CPG division and revenue from restaurants opened in 2025 and 2026, partially offset by a decline in comparable restaurant sales and the loss of revenue from the six restaurants exited during the quarter. Comparable restaurant sales performance was (9.3)% for the second quarter of 2026, as compared to (8.8)% in the first quarter of 2026 and (7.2)% in the second quarter of 2025. Comparable restaurant sales reflect the year-over-year change in sales for restaurants in operation for at least 18 full months prior to the periods presented.

•

Announced receipt of a non-binding letter of intent from a nationwide, multi-concept restaurant operator to acquire the Company’s U.S. restaurant operations — with GEN retaining 100% of its rapidly growing consumer packaged goods (“CPG”) and retail business. The Board of Directors is reviewing the proposal, and no assurance can be given that any transaction will result.

•

Secured purchase commitments from approximately 60 to 70 Costco warehouse locations across the Pacific Northwest following the Company’s first Costco roadshow in the region – bringing GEN’s total commitments to more than 100 U.S. Costco warehouses, or over 16% of Costco’s domestic footprint, with Northwest warehouses expected to begin receiving GEN products in their freezer sections starting in August 2026.

•

Secured key distribution agreements for the Company’s CPG product lines with United Natural Foods (“UNFI”) and C&S Wholesale Grocers, one of the largest grocery distributors and wholesale grocery supply companies in the United States, respectively.

•

Secured retail placement at leading grocers nationally including Save Mart Supermarkets, Smart & Final, Northgate Market and Times Supermarkets – bringing GEN’s door count to nearly 2,000 supermarkets and club stores nationwide.

•

Grew CPG division revenue 341% sequentially from the first quarter of 2026, with June representing the division’s largest month to date at more than $2 million of revenue. Based on doors secured to date and the stores currently in its pipeline, GEN estimates a forward 12-month revenue run rate of $35 million to $40 million — with more than 1,000 additional doors already presented to buyers and more than 8,000 further doors in active outreach across grocery and mass retail.

•

Cash and cash equivalents were $5.9 million as of June 30, 2026, compared to $2.8 million as of December 31, 2025, with $12.1 million outstanding under the Company’s line of credit, compared to $1.0 million as of December 31, 2025.

Management Commentary

David Kim, Chairman and Chief Executive Officer of GEN, commented: "The defining development of the second quarter was the strategic path it set for GEN. Earlier today, we announced receipt of a non-binding letter of intent from a nationwide, multi-concept restaurant operator to acquire our U.S. restaurant operations, with GEN retaining 100% of its rapidly growing consumer packaged goods and retail business. Our Board of Directors, together with our financial and legal advisors, is carefully reviewing and evaluating the proposal. The letter of intent is non-binding and no assurance can be given that any transaction will result, but we believe a transaction of this nature could make strategic sense — pairing our restaurants with a proven operator equipped to scale them, positioning GEN as a pure-play CPG company, and allowing us to dedicate our people and our capital fully to CPG — the fastest-growing part of the K-Food platform we are building.

"Our confidence in CPG is grounded in the momentum of our retail business, where GEN products are now in nearly 2,000 retail doors nationwide. Our CPG division delivered its best quarter yet, with revenue up 341% sequentially, and June was our largest month to date, with revenue surpassing $2 million. In June alone, we secured purchase commitments from approximately 60 to 70 Costco Warehouses across the Pacific Northwest — bringing our total to more than 100 warehouses, or over 16% of Costco's domestic footprint — signed national distribution agreements with C&S Wholesale Grocers and UNFI, and added new retail banners nationwide. Each win builds on the same formula: authentic GEN Korean BBQ flavors, retail-ready packaging, and in-store demos run by our own trained staff, which continue to deliver sell-through well above typical third-party programs. More than 1,000 additional doors have been presented to buyers, and more than 8,000 further doors are in active outreach across grocery and mass retail.

"On execution: we already purchase nearly $40 million of meat a year for our restaurants, so the procurement scale, supplier relationships, and buying power that CPG requires are already built. We are not standing up a supply chain from zero; we are pointing an existing one at the freezer aisle. And to stay ahead of demand, we have secured additional manufacturing capacity domestically and in South Korea.

"Total revenue for the second quarter of 2026 increased 1.2% year-over-year to $55.7 million — a return to revenue growth following a 6.0% year-over-year decline in the first quarter of 2026. Within the restaurants, payroll and benefits improved approximately 200 basis points as a percentage of revenue, and we exited six underperforming locations during the quarter, four of which were transferred to our previously announced joint venture with Chubby Cattle, in which we retained a 49% interest. These exits are expected to further strengthen restaurant-level performance beginning in the third quarter.

"As Korean food continues to move firmly into the American mainstream, GEN has built the brand, the products and the retail relationships to meet that demand at scale," concluded Kim.

Second Quarter 2026 Financial Results

Total revenue increased by 1.2% to $55.7 million in the second quarter of 2026 compared to $55.0 million in the second quarter of 2025. Growth in the Company's CPG division and revenue from restaurants opened in 2025 and 2026 more than offset a 9.3% decline in comparable restaurant sales and the loss of revenue from the six restaurants exited during the quarter, which contributed $2.3 million of revenue in the second quarter of 2025.

Total restaurant operating expenses were 95.4% of revenue in the second quarter of 2026, as compared to 91.7% of revenue in the second quarter of 2025. The year-over-year change as a percentage of revenue was driven by higher commodity costs and the growing mix of CPG revenue, which carries retail cost of goods, partially offset primarily by the growing mix of CPG revenue, which carries retail cost of goods and accounted for 81% of the $3.2 million year-over-year increase in food costs, with the balance reflecting commodity cost inflation in the Company’s restaurants, partially offset by lower payroll and benefits expenses and lower pre-opening expenses ($1.3 million versus $2.1 million in the prior-year period).

Loss from operations was $(5.2) million, or (9.2)% of revenue, for the second quarter of 2026, as compared to a loss from operations of $(1.9) million, or (3.4)% of revenue, for the second quarter of 2025. Restaurant-level adjusted EBITDA was $6.3 million, or 11.3% of revenue, for the second quarter of 2026, as compared to $9.0 million, or 16.3% of revenue, for the second quarter of 2025. Restaurant-level adjusted EBITDA margin improved sequentially from 7.4% in the first quarter of 2026 and 7.9% in the fourth quarter of 2025, representing the Company’s strongest restaurant-level margin in three quarters, reflecting labor efficiencies and the exit of underperforming locations.

General and administrative expenses totaled $7.1 million, or 12.8% of revenue, for the second quarter of 2026, as compared to $6.4 million, or 11.6% of revenue, for the second quarter of 2025. The increase was attributable to investment in the Company’s CPG go-to-market, including marketing and in-store demonstrations; excluding CPG, corporate and restaurant general and administrative expenses declined year over year. The Company recognized a $0.6 million loss on lease termination in the second quarter of 2026 related to the closure of two locations in Korea, with no comparable amount in the prior-year period.

Net loss was $(4.6) million, which equates to $(0.14) per basic and diluted share of Class A common stock, for the second quarter of 2026, as compared to a net loss of $1.7 million, or $(0.05) per basic and diluted share of Class A common stock, in the second quarter of 2025.

Adjusted EBITDA was negative $41,000 for the second quarter of 2026, as compared to $1.9 million, or 3.4% of revenue, in the prior-year period.

Cash and cash equivalents were $5.9 million as of June 30, 2026, as compared to $2.8 million as of December 31, 2025. Total debt outstanding totaled $24.0 million, as compared to $14.6 million as of December 31, 2025.

Conference Call

GEN will host an investor conference call on Monday, August 10, 2026 at 5:00 p.m. Eastern time to discuss the Company’s financial results for the second quarter ended June 30, 2026, provide a corporate update, and conclude with a question-and-answer session from telephone participants. Chairman and Chief Executive Officer David Kim and Chief Financial Officer Luke Hewko will host the call. To participate, please use the following information:

Q2 2026 Earnings Conference Call

Date: Monday, August 10, 2026

Time: 5:00 p.m. Eastern time (2:00 p.m. Pacific time)

U.S. Dial-in: 1-800-717-1738

International Dial-in 1-646-307-1865

Conference ID: 96912

Webcast:: GENK Q2 2026 Earnings Conference Call

Please join at least five minutes before the start of the call to ensure timely participation. The conference call will be broadcast live via webcast and available for replay via the investor relations section of the Company’s website at investor.genkoreanbbq.com.

A telephonic replay of the conference call will be available after 9:00 p.m. Eastern time on the same day through Monday, August 24, 2026. To listen, please call 1-844-512-2921 within the United States and Canada or 1-412-317-6671 when calling internationally, using replay ID 1196912. A webcast replay will also be available using the webcast link above.

About GEN Restaurant Group, Inc.

GEN Korean BBQ (Nasdaq: GENK) is one of the largest Asian casual dining restaurant concepts in the United States. Founded in 2011 by two Korean immigrants in Los Angeles, the brand has now grown to 54 company-owned locations where guests serve as their own chefs, preparing meals on embedded grills in the center of each table. The extensive menu consists of traditional Korean and Korean-American food, including high-quality meats, poultry, seafood and mixed vegetables. With its unique culinary experience alongside its modern décor and lively atmosphere, GEN Korean BBQ delivers an engaging and interactive dining experience that appeals to a vast segment of the population. Beyond the restaurants, GEN is building a rapidly growing retail business, bringing its signature Korean BBQ flavors to grocery and warehouse club retailers nationwide. For more information, GenKoreanBBQ.com and follow the brand on Facebook and Instragram.

Non-GAAP Measures

Restaurant-level adjusted EBITDA represents (loss) income from operations plus adjustments for the following items: depreciation and amortization, pre-opening costs, loss on lease termination, gain on deconsolidation of restaurants, general and administrative expenses, and non-cash lease expense. Non-cash items such as charges for asset impairment and asset disposals are not included in the restaurant-level adjusted EBITDA. Restaurant-level adjusted EBITDA margin is the calculation of restaurant-level adjusted EBITDA divided by revenue. Management believes that restaurant-level adjusted EBITDA and restaurant-level adjusted EBITDA margin are useful to investors because these measures highlight trends in our core business that may not otherwise be apparent to investors when relying solely on GAAP financial measures and enabling investors to more effectively compare the Company’s performance to prior and future periods.

Adjusted EBITDA represents net (loss) income excluding interest (expense) income, net, income taxes, depreciation and amortization, stock-based compensation, employee retention credits, litigation accrual for a discrete claim, loss on lease termination, gain on deconsolidation of restaurants, non-cash lease expenses and non-cash lease expense included in pre-opening costs. Adjusted EBITDA margin is defined as Adjusted EBITDA divided by revenue. Management believes that Adjusted EBITDA and Adjusted EBITDA margin are useful to investors because these measures highlight trends in our core business that may not otherwise be apparent to investors when relying solely on GAAP financial measures and enabling investors to more effectively compare the Company’s performance to prior and future periods.

Adjusted Net (Loss) Income represents net (loss) income, adjusted for pre-opening costs, non-cash stock-based compensation, legal settlements, loss on lease termination, gain on deconsolidation of restaurants, and the related tax impact of the adjustments. Adjusted net (loss) income per share is defined as adjusted net (loss) income divided by the weighted-average number of shares of Class A common stock outstanding for the applicable period. Management believes that adjusted net (loss) income and adjusted net (loss) income per share are useful to investors because these measures highlight trends in our core business that may not otherwise be apparent to investors when relying solely on GAAP financial measures and enabling investors to more effectively compare the Company’s performance to prior and future periods.

Forward-Looking Statements

This press release contains forward-looking statements. Forward-looking statements may be identified by the use of words such as “believe,” “intend,” “expect,” “will,” “may,” “could,” “potential,” and other similar words or expressions that predict or indicate future events. All statements that are not statements of historical fact are forward-looking statements, including any statements regarding the non-binding letter of intent and the proposed transaction described in this press release, including the Board of Directors’ review and evaluation of the proposal, whether definitive agreements will be negotiated or executed, whether any transaction will be consummated, and the potential terms, structure, timing or benefits of any such transaction, any statements regarding our strategy, future operations,

and growth prospects, including expectations relating to the Company’s CPG division and the number of locations in which such products will be carried, any statements regarding the amount or timing of future revenue or revenue growth, any statements regarding future economic conditions or performance, any statements of belief or expectation, and any statements of assumptions underlying any of the foregoing or other future events. Forward-looking statements are based on current information available at the time the statements are made and on management’s reasonable belief or expectations with respect to future events, and are subject to risks and uncertainties, many of which are beyond the Company’s control, that could cause actual performance or results to differ materially from the belief or expectations expressed in or suggested by the forward-looking statements, including, among other things, the risk that the parties do not negotiate or execute definitive agreements with respect to the proposed transaction, that any transaction is not consummated on the terms contemplated, on the anticipated timeline, or at all, or that the anticipated benefits of any transaction are not realized. Additional factors or events that could cause actual results to differ may also emerge from time to time, and it is not possible for the Company to predict all of them. Forward-looking statements speak only as of the date on which they are made, and the Company undertakes no obligation to update any forward-looking statement to reflect future events, developments or otherwise, except as may be required by applicable law. Investors are referred to the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, and our subsequent filings with the Securities and Exchange Commission (“SEC”), which are available on the SEC’s website at www.sec.gov, for additional information regarding the risks and uncertainties that may cause actual results to differ materially from those expressed in any forward-looking statement.

Investor Relations Contact:

Lucas A. Zimmerman

Managing Director

MZ Group - MZ North America

(949) 259-4987

GENK@mzgroup.us

www.mzgroup.us

GEN RESTAURANT GROUP, INC.

Condensed Consolidated Statements of Comprehensive Loss

Three Months Ended June 30,

Six months ended June 30,

(in thousands, except per share amounts)

2026

2025

2026

2025

(unaudited)

Revenue

55,729

55,041

109,626

112,377

Restaurant operating expenses:

Food cost

21,775

18,623

42,278

37,885

Payroll and benefits

15,614

16,561

32,892

34,749

Occupancy expenses

5,334

5,121

11,113

10,212

Operating expenses

6,755

5,905

13,238

11,831

Depreciation and amortization

2,354

2,221

4,690

4,214

Pre-opening costs

1,327

2,051

3,108

4,699

Total restaurant operating expenses

53,159

50,482

107,319

103,590

General and administrative

7,113

6,403

14,010

12,773

Loss on lease termination

611

—

611

—

Gain on deconsolidation of restaurants

(53

)

—

(1,037

)

—

Depreciation and amortization - corporate

Total costs and expenses

60,881

56,921

121,002

116,433

Loss from operations

(5,152

)

(1,880

)

(11,376

)

(4,056

)

Other gain (loss)

621

—

615

(300

)

Loss on foreign currency

—

(11

)

(14

)

Interest expense (income), net

(314

)

(540

)

127

Net loss before income taxes

(4,844

)

(1,820

)

(11,312

)

(4,243

)

Benefit for income taxes

(211

)

(152

)

(464

)

(268

)

Net loss

(4,633

)

(1,668

)

(10,848

)

(3,975

)

Less: Net loss attributable to non-controlling interest

(3,879

)

(1,663

)

(9,910

)

(3,100

)

Net loss attributable to GEN Restaurant Group, Inc.

(754

)

(938

)

(875

)

Net loss attributable to Class A common stock per share - basic and diluted

(754

)

(938

)

(875

)

Weighted-average shares of Class A common stock outstanding - basic and diluted

5,364

5,013

5,348

5,073

Net loss per share of Class A common stock -basic and diluted

(0.14

)

(0.00

)

(0.36

)

(0.17

)

GEN RESTAURANT GROUP, INC.

Selected Balance Sheet Data and Selected Operating Data

(in thousands, except restaurants and percentages)

June 30, 2026

December 31, 2025

Selected Balance Sheet Data:

Cash and cash equivalents

5,930

2,824

Total assets

247,784

259,856

Total liabilities

230,317

231,850

Total Stockholders' equity

15,967

26,506

Three Months Ended June 30,

Six months ended June 30,

2026

2025

2026

2025

Selected Operating Data

Restaurants at end of period

Comparable restaurant sales performance

(9.3

(0.7

(9.1

(5.6

Net loss

(4,633

)

(1,698

)

(11,832

)

(3,662

)

Net loss margin

(8.3

(3.1

(10.8

-3.3

Adjusted EBITDA

(41

)

1,854

(3,201

)

3,104

Adjusted EBITDA margin

-0.1

3.4

-2.9

2.8

Loss from operations

(5,152

)

(1,880

)

(12,360

)

(4,056

)

Loss from operations margin

(9.2

(3.4

(11.3

(3.6

Restaurant level Adjusted EBITDA

6,310

8,958

10,304

17,918

Restaurant level Adjusted EBITDA margin

11.3

16.3

9.4

15.9

GEN RESTAURANT GROUP, INC.

Reconciliation of Net Income to EBITDA and Adjusted EBITDA

(in thousands, except percentages; unaudited)

Three months ended June 30,

Six months ended June 30,

2026

2025

2026

2025

EBITDA:

Net loss

(4,633

)

(1,698

)

(11,832

)

(3,662

)

Net loss margin

(8.3

(3.1

(10.8

(3.3

Interest expense (income), net

314

(67

)

540

(127

)

Benefit for income taxes

(211

)

(116

)

(464

)

(268

)

Depreciation and amortization

2,405

2,257

4,789

4,284

EBITDA

(2,125

)

376

(6,967

)

227

EBITDA Margin

(3.8

0.7

(6.4

0.2

Adjustments to EBITDA:

EBITDA

(2,125

)

376

(6,967

)

227

Stock-based compensation expense (1)

734

1,468

Employee retention credits (2)

—

(313

)

(313

)

Loss on lease termination (3)

611

—

611

—

Gain on deconsolidation of restaurants (4)

(53

)

—

(53

)

—

Litigation accrual (5)

—

300

Non-cash lease expense (6)

127

199

218

Non-cash lease expense included in pre-opening costs (7)

733

630

1,535

1,204

Adjusted EBITDA

(41

)

1,854

(3,201

)

3,104

Adjusted EBITDA Margin

(0.1

3.4

(2.9

2.8

Reconciliation of Loss Income from Operations to Restaurant-level Adjusted EBITDA

(in thousands, except percentages; unaudited)

Three Months Ended June 30,

Six months ended June 30,

2026

2025

2026

2025

Loss from Operations

(5,152

)

(1,880

)

(12,360

)

(4,056

)

Loss Margin from Operations

(9.2

(3.4

(11.3

(3.6

Depreciation and amortization

2,405

2,257

4,789

4,284

Pre-opening costs

1,327

2,051

3,108

4,699

Loss on lease termination

611

—

611

—

Gain on deconsolidation of restaurants

(53

)

—

(53

)

—

General and administrative

7,113

6,403

14,010

12,773

Non-cash lease expense

127

199

218

Restaurant-Level Adjusted EBITDA

6,310

8,958

10,304

17,918

Restaurant-Level Adjusted EBITDA Margin

11.3

16.3

9.4

15.9

(1) Stock-based compensation expense: During all periods presented, we incurred expenses related to the granting of restricted stock units to employees. This was recorded in General and administrative expenses.

(2) Employee retention credits: These are refundable tax credits against certain employment taxes recognized under the CARES Act.

(3) Loss on lease termination. Related to the closure of Korea restaurants.

(4) Gain on deconsolidation of restaurants. Related to the transfer of four restaurants into equity method investments.

(5) Litigation accrual: This is an accrual in 2026 related to a specific litigation claim.

(6) Non-cash lease expense: This reflects the extent to which lease expense is greater than or less than contractual rent paid.

(7) Non-cash lease expense related to pre-opening costs: Costs for restaurants in development in which the lease expense is greater than the contractual rent.

Reconciliation of Net Loss to Adjusted Net (Loss) Income and Adjusted Net (Loss) Income Per Share

(in thousands, except per share amounts; unaudited)

Three Months Ended June 30,

Six months ended June 30,

2026

2025

2026

2025

Net loss

(4,633

)

(1,698

)

(11,832

)

(3,662

)

Pre-opening costs

1,327

2,051

3,108

4,699

Stock-based compensation

734

1,468

Legal settlement

—

300

Loss on lease termination

611

—

611

—

Gain on deconsolidation of restaurants

(53

)

—

(53

)

—

Tax impact of adjustments

(123

)

(143

)

(241

)

(299

)

Adjusted Net (loss) income

(2,137

)

1,244

(6,933

)

2,506

Less: Adjusted net (loss) income attributable to non-controlling interest

(1,791

)

1,052

(5,809

)

2,120

Adjusted net (loss) income attributable to GEN Restaurant Group, Inc.

(346

)

192

(1,123

)

386

Adjusted Net (loss) income attributable to Class A common stock - basic and diluted

(346

)

192

(1,123

)

386

Weighted-average shares of Class A common stock outstanding - basic and diluted

5,364

5,132

5,364

5,073

Adjusted Net (loss) income per share of Class A common stock - basic and diluted

(0.06

)

0.04

(0.21

)

0.08

GRAPHIC

Filename: img31578986_0.jpg · Sequence: 3

Binary file (4408 bytes)

Download img31578986_0.jpg

XML — IDEA: XBRL DOCUMENT

XML

Filename: R1.htm · Sequence: 6

v3.26.1

Document and Entity Information

Aug. 10, 2026

Cover [Abstract]

Amendment Flag

false

Entity Central Index Key

0001891856

Document Type

8-K

Document Period End Date

Aug. 10, 2026

Entity Registrant Name

GEN Restaurant Group, Inc.

Entity Incorporation State Country Code

Entity File Number

001-41727

Entity Tax Identification Number

87-3424935

Entity Address, Address Line One

11480 South Street

Entity Address, Address Line Two

Suite 205

Entity Address, City or Town

Cerritos

Entity Address, State or Province

Entity Address, Postal Zip Code

90703

City Area Code

(562)

Local Phone Number

356-9929

Written Communications

false

Soliciting Material

false

Pre Commencement Tender Offer

false

Pre Commencement Issuer Tender Offer

false

Security 12b Title

Class A Common stock, par value $0.001 per share

Trading Symbol

GENK

Security Exchange Name

NASDAQ

Entity Emerging Growth Company

true

Entity Ex Transition Period

false

- Definition

Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.

+ References

No definition available.

+ Details

Name:

dei_AmendmentFlag

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Area code of city

+ References

No definition available.

+ Details

Name:

dei_CityAreaCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Cover page.

+ References

No definition available.

+ Details

Name:

dei_CoverAbstract

Namespace Prefix:

dei_

Data Type:

xbrli:stringItemType

Balance Type:

Period Type:

duration

- Definition

For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.

+ References

No definition available.

+ Details

Name:

dei_DocumentPeriodEndDate

Namespace Prefix:

dei_

Data Type:

xbrli:dateItemType

Balance Type:

Period Type:

duration

- Definition

The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.

+ References

No definition available.

+ Details

Name:

dei_DocumentType

Namespace Prefix:

dei_

Data Type:

dei:submissionTypeItemType

Balance Type:

Period Type:

duration

- Definition

Address Line 1 such as Attn, Building Name, Street Name

+ References

No definition available.

+ Details

Name:

dei_EntityAddressAddressLine1

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Address Line 2 such as Street or Suite number

+ References

No definition available.

+ Details

Name:

dei_EntityAddressAddressLine2

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the City or Town

+ References

No definition available.

+ Details

Name:

dei_EntityAddressCityOrTown

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Code for the postal or zip code

+ References

No definition available.

+ Details

Name:

dei_EntityAddressPostalZipCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the state or province.

+ References

No definition available.

+ Details

Name:

dei_EntityAddressStateOrProvince

Namespace Prefix:

dei_

Data Type:

dei:stateOrProvinceItemType

Balance Type:

Period Type:

duration

- Definition

A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityCentralIndexKey

Namespace Prefix:

dei_

Data Type:

dei:centralIndexKeyItemType

Balance Type:

Period Type:

duration

- Definition

Indicate if registrant meets the emerging growth company criteria.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityEmergingGrowthCompany

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Indicate if an emerging growth company has elected not to use the extended transition period for complying with any new or revised financial accounting standards.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 7A

-Section B

-Subsection 2

+ Details

Name:

dei_EntityExTransitionPeriod

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.

+ References

No definition available.

+ Details

Name:

dei_EntityFileNumber

Namespace Prefix:

dei_

Data Type:

dei:fileNumberItemType

Balance Type:

Period Type:

duration

- Definition

Two-character EDGAR code representing the state or country of incorporation.

+ References

No definition available.

+ Details

Name:

dei_EntityIncorporationStateCountryCode

Namespace Prefix:

dei_

Data Type:

dei:edgarStateCountryItemType

Balance Type:

Period Type:

duration

- Definition

The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityRegistrantName

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityTaxIdentificationNumber

Namespace Prefix:

dei_

Data Type:

dei:employerIdItemType

Balance Type:

Period Type:

duration

- Definition

Local phone number for entity.

+ References

No definition available.

+ Details

Name:

dei_LocalPhoneNumber

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 13e

-Subsection 4c

+ Details

Name:

dei_PreCommencementIssuerTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14d

-Subsection 2b

+ Details

Name:

dei_PreCommencementTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Title of a 12(b) registered security.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b

+ Details

Name:

dei_Security12bTitle

Namespace Prefix:

dei_

Data Type:

dei:securityTitleItemType

Balance Type:

Period Type:

duration

- Definition

Name of the Exchange on which a security is registered.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

+ Details

Name:

dei_SecurityExchangeName

Namespace Prefix:

dei_

Data Type:

dei:edgarExchangeCodeItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14a

-Subsection 12

+ Details

Name:

dei_SolicitingMaterial

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Trading symbol of an instrument as listed on an exchange.

+ References

No definition available.

+ Details

Name:

dei_TradingSymbol

Namespace Prefix:

dei_

Data Type:

dei:tradingSymbolItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 230

-Section 425

+ Details

Name:

dei_WrittenCommunications

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration