Fat Brands, IncFATEarnings & Financial Report
FAT Brands Inc. is an American multi-brand restaurant and sports bar franchise operator headquartered in Beverly Hills, California.
Revenue
$143.4M
Gross Profit
N/A
Operating Profit
$-8.8M
Net Profit
$-44.8M
Gross Margin
N/A
Operating Margin
-6.2%
Net Margin
-31.2%
YoY Growth
31.1%
EPS
$-2.74
Fat Brands, Inc Q3 FY2024 Financial Summary
Fat Brands, Inc reported revenue of $143.4M (up 31.1% YoY) for Q3 FY2024, with a net profit of $-44.8M (down 81.5% YoY) (-31.2% margin).
Key Financial Metrics
| Total Revenue | $143.4M |
|---|---|
| Net Profit | $-44.8M |
| Gross Margin | N/A |
| Operating Margin | -6.2% |
| Report Period | Q3 FY2024 |
Revenue Breakdown
Fat Brands, Inc Q3 FY2024 revenue of $143.4M breaks down across 5 segments, led by Restaurant Sales at $99.2M (69.2% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Restaurant Sales | $99.2M | 69.2% |
| Royalty | $22.4M | 15.6% |
| Advertising | $9.7M | 6.8% |
| Factory | $9.5M | 6.6% |
| Franchisor | $2.6M | 1.8% |
Fat Brands, Inc Revenue by Segment — Quarterly Trend
Fat Brands, Inc revenue by segment across the last 4 reported quarters, showing how each business line (such as Restaurant Sales and Royalty) has evolved quarter over quarter.
| Segment | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 | Q4 FY2024 |
|---|---|---|---|---|
| Restaurant Sales | $96.6M | $102.4M | $99.4M | $100.9M |
| Royalty | $21.6M | $22.2M | $21.8M | $22.4M |
| Advertising | $9.1M | $9.7M | $9.8M | $9.9M |
| Factory | $9.6M | — | $8.8M | $9.3M |
| Franchisor | $1.5M | $1.1M | $1.2M | $1.3M |
Fat Brands, Inc Annual Revenue by Year
Fat Brands, Inc annual revenue history includes year-by-year totals (for example, 2024 revenue was $592.7M).
| Year | Annual Revenue |
|---|---|
| 2024 | $592.7M |
| 2023 | $480.5M |
| 2022 | $407.2M |
Fat Brands, Inc Quarterly Revenue & Net Profit History
Fat Brands, Inc results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q3 FY2025 | $140.0M | -2.3% | $-58.2M | -41.6% |
| Q2 FY2025 | $146.8M | -3.4% | $-54.2M | -36.9% |
| Q1 FY2025 | $142.0M | -6.5% | $-46.0M | -32.4% |
| Q4 FY2024 | $145.3M | -8.4% | $-67.4M | -46.4% |
| Q3 FY2024 | $143.4M | +31.1% | $-44.8M | -31.2% |
| Q2 FY2024 | $152.0M | +42.4% | $-39.4M | -25.9% |
| Q1 FY2024 | $152.0M | +43.8% | $-38.3M | -25.2% |
| Q4 FY2023 | $158.6M | +52.8% | $-26.2M | -16.5% |
Income Statement
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $158.6M | $152.0M | $152.0M | $143.4M | $145.3M | $142.0M | $146.8M | $140.0M |
| YoY Growth | 52.8% | 43.8% | 42.4% | 31.1% | -8.4% | -6.5% | -3.4% | -2.3% |
Balance Sheet
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $1.39B | $1.38B | $1.36B | $1.34B | $1.29B | $1.27B | $1.25B | $1.21B |
| Liabilities | $1.64B | $1.68B | $1.69B | $1.73B | $1.74B | $1.77B | $1.79B | $1.80B |
| Equity | $-255.9M | $-296.8M | $-338.6M | $-386.1M | $-455.7M | $-493.9M | $-536.5M | $-585.8M |
Cash Flow
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-12.6M | $-28.4M | $-14.2M | $-3.2M | $-10.4M | $-13.2M | $-26.9M | $-14.5M |