Fat Brands, Inc
Fat Brands, Inc
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Financial Statements
Values in Millions ($) | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Financial statements beyond 3 years are for subscribers only. Unlock 17+ years of income statements, balance sheets, and cash flow statements Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Assets | |||||||||||||||||
Assets Current | |||||||||||||||||
Cash | 2 | 8 | 12 | 23 | 17 | 17 | 40 | 37 | 88 | 31 | 46 | 29 | |||||
Restricted Cash Current | 12 | 26 | 29 | 25 | 33 | 40 | 39 | 39 | 34 | 27 | 26 | 25 | |||||
Accounts Receivable Net Current | 14 | 16 | 17 | 19 | 18 | 22 | 20 | 21 | 24 | 29 | 27 | 24 | |||||
Inventory Net | 7 | 8 | 9 | 8 | 8 | 9 | 9 | 9 | 7 | 6 | 7 | 7 | |||||
Assets Held For Sale Not Part Of Disposal Group Cu… | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 4 | 4 | 4 | 4 | 5 | |||||
Other Assets Current | 14 | 14 | 16 | 11 | 14 | 13 | 13 | 10 | 6 | 8 | 7 | 6 | |||||
Assets Current | 49 | 71 | 83 | 88 | 91 | 101 | 124 | 121 | 163 | 104 | 117 | 96 | |||||
Restricted Cash Noncurrent | 9 | 10 | 18 | 19 | 16 | 16 | 16 | 16 | 16 | 15 | 15 | 15 | |||||
Operating Lease Right Of Use Asset | - | - | - | - | - | - | - | - | 100 | 102 | 101 | - | |||||
Goodwill | 285 | 285 | 285 | 285 | 305 | 305 | 305 | 305 | 293 | 293 | 293 | 293 | |||||
Intangible Assets Net Excluding Goodwill | 584 | 588 | 592 | 596 | 608 | 613 | 617 | 621 | 615 | 618 | 622 | 625 | |||||
Property Plant And Equipment Net | 87 | 90 | 91 | 97 | 105 | 103 | 99 | 101 | 83 | 80 | 78 | 79 | |||||
Other Assets Noncurrent | 7 | 7 | 6 | 6 | 6 | 6 | 6 | 5 | 5 | 5 | 4 | 4 | |||||
Assets | 1,211 | 1,248 | 1,274 | 1,289 | 1,340 | 1,356 | 1,385 | 1,388 | 1,276 | 1,216 | 1,230 | 1,213 | |||||
Liabilities And Stockhold… | |||||||||||||||||
Liabilities | |||||||||||||||||
Liabilities Current | |||||||||||||||||
Accounts Payable Current | 48 | 42 | 45 | 39 | 30 | 18 | 24 | 22 | 18 | 16 | 20 | 18 | |||||
Accrued Liabilities Current | 89 | 80 | 73 | 68 | 67 | 60 | 51 | 59 | 53 | 51 | 48 | 53 | |||||
Contract With Customer Liability Current | 2 | 2 | 3 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | |||||
Accrued Advertising Current | 9 | 6 | 5 | 5 | 7 | 7 | 7 | 8 | 12 | 14 | 13 | 15 | |||||
Interest Payable Current | 39 | 35 | 32 | 25 | 32 | 29 | 27 | 25 | 19 | 17 | 18 | 13 | |||||
Dividends Payable Current | 9 | 4 | 1 | 1 | 1 | - | - | 1 | - | - | - | - | |||||
Liabilities Of Disposal Group Including Discontinu… | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 3 | 3 | 3 | 3 | 4 | |||||
Operating Lease Liability Current | 15 | 16 | 16 | 16 | 21 | 17 | 18 | 17 | 15 | 15 | 15 | 15 | |||||
Long Term Debt Current | 1,263 | 58 | 49 | 49 | 49 | 45 | 43 | 43 | 45 | 36 | 29 | 50 | |||||
Liabilities Current | 1,566 | 336 | 317 | 298 | 302 | 272 | 266 | 277 | 265 | 251 | 246 | 267 | |||||
Other Liabilities Current | - | - | - | - | - | - | - | - | - | - | - | 0 | |||||
Contract With Customer Liability Noncurrent | 18 | 19 | 20 | 20 | 21 | 22 | 21 | 22 | 21 | 23 | 21 | 22 | |||||
Deferred Income Tax Liabilities Net | 15 | 15 | 15 | 14 | 23 | 23 | 22 | 19 | 27 | 29 | 28 | 27 | |||||
Operating Lease Liability Noncurrent | 199 | 199 | 201 | 200 | 199 | 207 | 209 | 212 | 95 | 96 | 95 | 96 | |||||
Long Term Debt Noncurrent | 2 | 1,218 | 1,217 | 1,209 | 1,178 | 1,168 | 1,158 | 1,110 | 1,094 | 1,018 | 1,020 | 959 | |||||
Other Liabilities Noncurrent | 3 | 4 | 4 | 3 | 3 | 3 | 5 | 5 | 2 | 2 | 13 | 2 | |||||
Liabilities | 1,804 | 1,791 | 1,773 | 1,745 | 1,726 | 1,695 | 1,681 | 1,644 | 1,504 | 1,419 | 1,423 | 1,372 | |||||
Stockholders Equity | |||||||||||||||||
Preferred Stock Including Additional Paid In Capit… | 39 | 41 | 43 | 41 | 41 | 42 | 43 | 44 | 44 | 44 | 44 | 46 | |||||
Temporary Equity Carrying Amount Including Portion… | - | - | - | - | - | - | - | - | - | - | - | 0 | |||||
Common Stocks Including Additional Paid In Capital | - | - | - | - | - | - | - | - | - | - | -27 | -26 | |||||
Common Stocks Including Additional Paid In Capital… | - | - | - | - | - | - | -33 | -31 | -30 | -29 | - | -26 | |||||
Retained Earnings Accumulated Deficit | -612 | -554 | -499 | -459 | -391 | -346 | -307 | -269 | -243 | -218 | -211 | -179 | |||||
Stockholders Equity | -586 | -536 | -499 | -456 | -386 | -339 | -297 | -256 | -229 | -203 | -194 | -159 | |||||
Minority Interest | -8 | -7 | -6 | - | - | - | - | - | - | - | - | - | |||||
Liabilities And Stockholders Equity | 1,211 | 1,248 | 1,274 | 1,289 | 1,340 | 1,356 | 1,385 | 1,388 | 1,276 | 1,216 | 1,230 | 1,213 | |||||
Common Class A | 0 | 0 | 17 | 50 | 0 | 0 | 16 | 50 | 0 | -0 | 15 | 50 | |||||
Class A Common Stock | - | - | - | - | - | - | - | - | 0 | -0 | 15 | 50 | |||||
Common Class B | 0 | 0 | 1 | 2 | 0 | 0 | 1 | 2 | 0 | 0 | 1 | 2 | |||||
Class B Common Stock | - | - | - | - | - | - | - | - | 0 | 0 | 1 | 2 | |||||
Allowance For Doubtful Accounts Receivable Current | - | - | - | - | - | - | - | - | 12 | 12 | 14 | - | |||||
Preferred Stock Par Or Stated Value Per Share | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Preferred Stock Shares Authorized | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | |||||
Preferred Stock Shares Issued | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | |||||
Preferred Stock Shares Outstanding | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | |||||
Preferred Stock Liquidation Preference | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Common Stock Par Or Stated Value Per Share | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Common Stock Shares Authorized | 52 | 52 | 52 | 52 | 52 | 52 | 52 | 52 | 52 | 52 | 52 | 52 | |||||
Common Stock Shares Issued | 18 | 18 | 18 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | |||||
Shares Outstanding | 18 | 18 | 18 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | |||||
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Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | -20.36% | -14.18% | -10.91% | -17.98% | -16.23% | -14.04% | -62.11% | -75.99% | -79.40% | - | - | - |
| 2024 | -26.95% | -25.84% | -27.51% | -0.97% | -10.58% | -2.48% | 1.28% | 2.80% | 4.52% | -8.81% | -23.71% | -22.49% |
| 2023 | 4.52% | 15.43% | 21.39% | -0.83% | -1.24% | -10.26% | -2.39% | 4.56% | 9.03% | -2.22% | -4.04% | -21.19% |
| 2022 | - | - | - | - | - | - | - | - | - | 0.41% | -12.23% | -16.15% |
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Performance and Valuation Metrics
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Metrics | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Metric history beyond 3 years is for subscribers only. Unlock 17+ years of history across 90+ calculated metrics Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Liquidity Ratios | |||||||||||||||||
| Current Ratio | 0.03 | 0.21 | 0.26 | 0.30 | 0.30 | 0.37 | 0.46 | 0.44 | 0.61 | 0.41 | 0.48 | 0.36 | |||||
| Quick Ratio | 0.03 | 0.19 | 0.24 | 0.27 | 0.27 | 0.34 | 0.43 | 0.40 | 0.59 | 0.39 | 0.45 | 0.33 | |||||
| Working Capital | -1.52B | -264.63M | -233.51M | -210.28M | -210.80M | -170.84M | -142.51M | -155.59M | -102.27M | -147.14M | -128.83M | -171.32M | |||||
Leverage & Debt | |||||||||||||||||
| Debt to Equity | -3.08 | -3.34 | -3.55 | -3.83 | -4.47 | -5.01 | -5.67 | -6.43 | -6.58 | -6.98 | -7.34 | -8.62 | |||||
| Debt Ratio | 1.49 | 1.44 | 1.39 | 1.35 | 1.29 | 1.25 | 1.21 | 1.18 | 1.18 | 1.17 | 1.16 | 1.13 | |||||
Efficiency & Turnover | |||||||||||||||||
| Asset Turnover TTM | 0.45 | 0.44 | 0.44 | 0.44 | 0.46 | 0.44 | 0.40 | 0.37 | 0.34 | 0.34 | 0.34 | 0.33 | |||||
| Days Sales Outstanding TTM | 10.25 | 12.00 | 11.53 | 12.49 | 12.75 | 16.23 | 16.16 | 17.10 | 28.28 | 28.13 | 19.72 | 19.70 | |||||
| Receivables Turnover TTM | 35.61 | 30.42 | 31.67 | 29.22 | 28.63 | 22.49 | 22.58 | 21.34 | 12.90 | 12.97 | 18.51 | 18.53 | |||||
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | -13.18 | -12.39 | -11.66 | -11.60 | -8.63 | -7.58 | -5.68 | -5.43 | -8.31 | -8.18 | -8.16 | -7.66 | |||||
| Free Cash Flow Per Share TTM | -4.19 | -3.88 | -3.65 | -4.64 | -5.05 | -4.89 | -4.32 | -3.28 | -3.33 | -3.53 | -4.10 | -4.18 | |||||
| Dividend Per Share TTM | 0.30 | 0.43 | 0.53 | 0.56 | 0.56 | 0.56 | 0.55 | 0.56 | 0.56 | 0.56 | 0.55 | 0.54 | |||||
Margin Metrics | |||||||||||||||||
| Gross Profit Margin TTM | 32.78% | 32.79% | 33.04% | 33.67% | 33.82% | 36.46% | 38.71% | 41.12% | 30.86% | 30.78% | 32.44% | - | |||||
| Operating Profit Margin TTM | -14.07% | -12.51% | -10.19% | -8.81% | -2.65% | -0.11% | 3.90% | 4.65% | -1.68% | -3.04% | -4.33% | -4.40% | |||||
| Net Profit Margin TTM | -41.02% | -38.24% | -35.29% | -33.35% | -24.29% | -22.53% | -18.28% | -18.76% | -32.44% | -32.20% | -32.38% | -30.99% | |||||
Growth Metrics | |||||||||||||||||
| Net Revenue Growth (1Y) | -5.26% | 0.96% | 10.63% | 23.35% | 42.38% | 36.36% | 26.77% | 17.98% | 12.72% | 37.93% | 98.21% | 242.55% | |||||
| Net Income Growth (1Y) | 60.04% | 71.36% | 113.52% | 119.32% | 6.58% | -4.59% | -28.43% | -28.59% | 84.21% | 144.87% | 154.34% | 299.54% | |||||
| EPS Growth (1Y) | 52.69% | 63.53% | 105.22% | 113.62% | 3.84% | -7.31% | -30.38% | -29.12% | 83.26% | 143.13% | 152.81% | 255.43% | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | -74.95M | -69.17M | -64.28M | -79.05M | -86.09M | -83.22M | -73.29M | -54.50M | -55.32M | -58.24M | -67.66M | -68.82M | |||||
| Net Debt | 1.26B | 1.27B | 1.25B | 1.23B | 1.21B | 1.20B | 1.16B | 1.12B | 1.05B | 1.02B | 1.00B | 979.57M | |||||
Per-Share and Margin | |||||||||||||||||
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| Adjusted EPS TTM | |||||||||||||||||
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Turnover Ratios and Averages | |||||||||||||||||
| Average Assets | |||||||||||||||||
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| Inventory Turnover TTM | |||||||||||||||||
| Payables Turnover TTM | |||||||||||||||||
| Days Inventory Outstanding TTM | |||||||||||||||||
| Days Payables Outstanding TTM | |||||||||||||||||
| Cash Conversion Cycle TTM | |||||||||||||||||
| Working Capital to Revenue | |||||||||||||||||
| Deferred Revenue to Revenue | |||||||||||||||||
Growth Rates | |||||||||||||||||
| Total Assets Growth (1Y) | |||||||||||||||||
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| Total Assets Growth (5Y) | |||||||||||||||||
| Dividends Paid Growth (1Y) | |||||||||||||||||
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| Net Income Growth (3Y) | |||||||||||||||||
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| Net Profit Margin Growth (1Y) | |||||||||||||||||
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| Net Profit Margin Growth (5Y) | |||||||||||||||||
| Net Revenue Growth (3Y) | |||||||||||||||||
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| Deferred Revenue Growth (1Y) | |||||||||||||||||
| Retained Earnings Growth (1Y) | |||||||||||||||||
Credit, Liquidity, Returns, Payout | |||||||||||||||||
| Cash Ratio | |||||||||||||||||
| Net Working Capital | |||||||||||||||||
| Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to Equity | |||||||||||||||||
| Altman A | |||||||||||||||||
| Altman B | |||||||||||||||||
| Altman C | |||||||||||||||||
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| Dilution Ratio | |||||||||||||||||
| Retained Earnings to Equity | |||||||||||||||||
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| Treasury Stock Change (1Y) | |||||||||||||||||
| Accrued to Current Liabilities | |||||||||||||||||
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| NCAV Per Share TTM | |||||||||||||||||
Valuation Ratios | |||||||||||||||||
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| Total Debt | |||||||||||||||||
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Insider Transactions
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Institutional Ownership
Fat Brands, Inc (FAT) — SEC Financial Statements & Analysis
Fat Brands, Inc (FAT) is a retail-eating places company, incorporated in DE. Fat Brands, Inc trades on Nasdaq as: FAT, FATBB, FATBP. Based on its latest SEC filing (Form 10-Q, period ending 2025-09-30), Fat Brands, Inc reported a -5.26% year-over-year revenue growth, a Gross Profit Margin of 32.78% (TTM), a Debt-to-Equity ratio of -3.08x. Figures below are sourced from SEC EDGAR, as-filed.
- Net Revenue TTM Growth 1Y
- -5.26%
- Gross Profit Margin TTM
- 32.78%
- Debt To Equity
- -3.08x
Data as of 2025-09-30 · Source: SEC EDGAR
Frequently Asked Questions
What industry is Fat Brands, Inc in?
Fat Brands, Inc (FAT) operates in the Retail-Eating Places industry.
What exchange does FAT trade on?
Fat Brands, Inc (FAT) trades on the Nasdaq.
Where is Fat Brands, Inc incorporated?
Fat Brands, Inc is incorporated in DE.