10-Q quarterly report · filed Feb 5, 2026

NATHANS FAMOUS, INC. (NATH) Q4 2025 10-Q Quarterly Report

Short answer

NATHANS FAMOUS, INC. (NATH) filed its Q4 2025 10-Q quarterly report on Feb 5, 2026 for the quarter ended Dec 28, 2025. Quarterly revenue was $34M (up 8.9% year over year) with net income of $3M.

Q4 2025 key financials · XBRL

Revenue
$34M
+8.9% YoY · −24.9% QoQ
Net income
$3M
−31.2% YoY · −40.7% QoQ
Operating margin
14.9%
Gross margin
32.6%
EPS (diluted)
$0.75
−31.8% YoY · −40.5% QoQ

Source: XBRL data from the NATHANS FAMOUS, INC. (NATH) Q4 2025 10-Q on SEC EDGAR. USD.

NATHANS FAMOUS, INC. Q4 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Revenue $34.312M, up 9% YoY from $31.519M
  • Branded Product sales $23.749M, up 13%; hot-dog volume down 3%
  • Company-owned restaurant sales $1.646M, down 9%; customer traffic down 9%
  • License royalties $7.385M, up 4%; retail and foodservice hot-dog royalties $6.462M
  • Adjusted EBITDA $5.967M vs $7.479M YoY; inflation, beef costs, labor costs and weather headwinds

Risk Factors

  • Newly added merger risk triggered by proposed Merger announcement and pendency
  • Regulatory risk: HSR Act approval and CFIUS Clearance may delay or condition closing
  • Financial risk: potential $10,581,814 termination fee if Merger fails under specified circumstances
  • Operational risk: merger-related management commitments and contractual restrictions may limit ordinary-course opportunities
  • Legal risk: injunction litigation could delay or prevent Merger consummation

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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