The ONE Group Hospitality delivered strong top-line growth in Q2 2025, with total revenues increasing by 20.2% to $207.4 million, primarily driven by the successful integration of the Benihana acquisition. Despite a decrease in consolidated comparable sales, Benihana achieved positive same-store sales and STK saw positive transaction growth, indicating underlying consumer engagement. The company reported a net loss of $10.1 million, which included significant lease termination and exit expenses.