Ark Restaurants (ARKR) Q2 2026 earnings summary

Executive summary

• Net loss for Q2 2026 was $(1.8)M or $(0.50) per share, a significant improvement from $(9.3)M or $(2.57) per share in Q2 2025.

• Adjusted EBITDA for Q2 2026 was $(0.6)M, up from $(0.7)M in Q2 2025, excluding prior year goodwill impairment.

• Revenue for Q2 2026 was $36.6M, down from $39.7M in Q2 2025, with same-store sales declining 7.6%.

• Legal and lease uncertainty at Bryant Park locations continues to impact business and market perception.

Financial highlights

• Cash and cash equivalents stood at $11.5M as of March 28, 2026; total debt was $7.6M.

• Revenue for the first half of 2026 was $77.3M, down from $84.7M in the prior year; excluding closed Tampa Food Court, revenue was $83.7M in 2025.

• Adjusted EBITDA for the first half of 2026 was $0.9M, up from $0.7M in the prior year.

• Net loss for the first half of 2026 was $(0.9)M or $(0.25) per share, compared to $(6.1)M or $(1.69) per share in 2025.

Outlook and guidance

• Ongoing lease litigation at Bryant Park locations is expected to continue impacting results until resolved.

• Uncertainty around the New Meadowlands Racetrack investment remains, with potential upside dependent on legislative and voter approval for casino gaming.