NATHANS FAMOUS, INC.NATHEarnings & Financial Report
Nathan's Famous, Inc., is an American company that operates a chain of fast-food restaurants specializing in hot dogs. The original Nathan's restaurant stands at the corner of Surf and Stillwell avenues in the Coney Island neighborhood of Brooklyn, New York City. Its restaurants are primarily in the Northeastern United States. The company's headquarters are at One Jericho Plaza in Jericho, part of Oyster Bay, New York.
Revenue
$31.5M
Gross Profit
$11.9M
Operating Profit
$6.8M
Net Profit
$4.5M
Gross Margin
37.9%
Operating Margin
21.4%
Net Margin
14.2%
YoY Growth
9.1%
EPS
$1.10
NATHANS FAMOUS, INC. Q3 FY2025 Financial Summary
NATHANS FAMOUS, INC. reported revenue of $31.5M (up 9.1% YoY) for Q3 FY2025, with a net profit of $4.5M (up 72.0% YoY) (14.2% margin). Cost of goods sold was $19.6M, operating expenses totaled $5.2M.
Key Financial Metrics
| Total Revenue | $31.5M |
|---|---|
| Net Profit | $4.5M |
| Gross Margin | 37.9% |
| Operating Margin | 21.4% |
| Report Period | Q3 FY2025 |
Revenue Breakdown
NATHANS FAMOUS, INC. Q3 FY2025 revenue of $31.5M breaks down across 4 segments, led by Branded Product Program at $21.1M (66.9% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Branded Product Program | $21.1M | 66.9% |
| Product Licensing | $7.1M | 22.5% |
| Restaurant Operations | $2.8M | 8.9% |
| Company Operated Restaurants | $1.8M | 5.7% |
NATHANS FAMOUS, INC. Revenue by Segment — Quarterly Trend
NATHANS FAMOUS, INC. revenue by segment across the last 4 reported quarters, showing how each business line (such as Branded Product Program and Product Licensing) has evolved quarter over quarter.
| Segment | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 |
|---|---|---|---|---|
| Branded Product Program | $23.7M | $29.0M | $29.1M | $20.0M |
| Product Licensing | $7.4M | $9.2M | $12.4M | $7.9M |
| Restaurant Operations | — | — | — | $2.3M |
| Company Operated Restaurants | $1.6M | $5.6M | $4.0M | $1.4M |
NATHANS FAMOUS, INC. Annual Revenue by Year
NATHANS FAMOUS, INC. annual revenue history includes year-by-year totals (for example, 2025 revenue was $148.2M).
| Year | Annual Revenue |
|---|---|
| 2025 | $148.2M |
| 2024 | $138.6M |
| 2023 | $130.8M |
| 2022 | $114.9M |
NATHANS FAMOUS, INC. Quarterly Revenue & Net Profit History
NATHANS FAMOUS, 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 FY2026 | $34.3M | +8.9% | $3.1M | 9.0% |
| Q2 FY2026 | $45.7M | +11.1% | $5.2M | 11.4% |
| Q1 FY2026 | $47.0M | +5.0% | $8.9M | 19.0% |
| Q4 FY2025 | $30.8M | +6.2% | $4.2M | 13.8% |
| Q3 FY2025 | $31.5M | +9.1% | $4.5M | 14.2% |
| Q2 FY2025 | $41.1M | +6.1% | $6.0M | 14.7% |
| Q1 FY2025 | $44.8M | +6.6% | $9.3M | 20.7% |
| Q4 FY2024 | $29.0M | +5.8% | $3.9M | 13.5% |
Income Statement
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $29.0M | $44.8M | $41.1M | $31.5M | $30.8M | $47.0M | $45.7M | $34.3M |
| YoY Growth | 5.8% | 6.6% | 6.1% | 9.1% | 6.2% | 5.0% | 11.1% | 8.9% |
Balance Sheet
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $48.9M | $58.5M | $57.7M | $48.7M | $53.5M | $63.4M | $62.9M | $50.9M |
| Liabilities | $81.8M | $84.0M | $79.0M | $67.7M | $70.0M | $72.8M | $68.8M | $66.2M |
| Equity | $-32.9M | $-25.5M | $-21.3M | $-19.0M | $-16.5M | $-9.3M | $-5.9M | $-15.3M |
Cash Flow
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $6.4M | $5.0M | $9.8M | $3.6M | $6.8M | $-220000 | $10.2M | $5.8M |