FAT Brands Inc. (FAT)

FAT Brands Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 28, 2025	Dec 29, 2024	Dec 31, 2023	Dec 25, 2022	Dec 26, 2021	Dec 27, 2020
Operating Revenue	568.95	587.42	475.52	404.13	118.88	18.12
Other Revenue	5.19	5.23	4.94	3.1	-	-
Revenue	574.14	592.65	480.46	407.22	118.88	18.12
Revenue Growth (YoY)	-5.26%	23.35%	17.98%	242.55%	556.15%	-19.49%
Cost of Revenue	432.55	442.23	330.51	266.24	62.22	5.22
Gross Profit	141.6	150.42	149.95	140.99	56.67	12.9
Selling, General & Admin	154.95	130.26	92.62	112.81	41.78	14.88
Other Operating Expenses	-0.9	0.95	2.97	4.18	0.31	3.83
Operating Expenses	191.08	172.74	126.72	144.01	50.56	18.7
Operating Income	-49.49	-22.32	23.23	-3.02	6.1	-5.8
Interest Expense	-151.43	-138.25	-117.53	-94.85	-29.06	-8.55
Interest & Investment Income	-	-	-	-	-	3.63
Other Non Operating Income (Expenses)	0.69	-0.33	1.23	5.38	0.75	1.04
EBT Excluding Unusual Items	-200.23	-160.9	-93.07	-92.5	-22.2	-9.68
Merger & Restructuring Charges	-1	-1	0.1	-0.38	-4.24	-1.17
Impairment of Goodwill	-19.8	-19.8	-	-	-0.3	-1.46
Asset Writedown	-14.1	-12.7	-1	-14.5	-0.74	-7.83
Other Unusual Items	1.58	1.8	-2.4	-	-7.64	1.59
Pretax Income	-233.55	-192.6	-96.37	-107.38	-35.12	-18.55
Income Tax Expense	-5	-2.75	-6.26	18.81	-3.54	-3.69
Net Income	-225.79	-189.85	-90.11	-126.19	-31.58	-14.86
Preferred Dividends & Other Adjustments	8.9	7.78	7.01	6.64	-	-
Net Income to Common	-234.69	-197.63	-97.12	-132.82	-31.58	-14.86
Shares Outstanding (Basic)	18	17	17	16	15	15
Shares Outstanding (Diluted)	18	17	17	16	15	15
Shares Change (YoY)	4.00%	2.67%	0.75%	12.41%	-0.01%	0.63%
EPS (Basic)	-13.33	-11.60	-5.85	-8.06	-2.15	-1.01
EPS (Diluted)	-13.33	-11.60	-5.85	-8.06	-2.15	-1.01
Free Cash Flow	-74.95	-79.05	-54.5	-68.82	-9.74	-11.94
Free Cash Flow Per Share	-4.26	-4.64	-3.28	-4.18	-0.67	-0.81
Dividend Per Share	0.140	0.560	0.560	0.540	0.520	-
Dividend Growth	-75.00%	-	3.70%	3.85%	-	-
Gross Margin	24.66%	25.38%	31.21%	34.62%	47.67%	71.20%
Operating Margin	-8.62%	-3.77%	4.83%	-0.74%	5.13%	-32.03%
Profit Margin	-40.88%	-33.35%	-20.21%	-32.62%	-26.57%	-82.02%
Free Cash Flow Margin	-13.05%	-13.34%	-11.34%	-16.90%	-8.19%	-65.92%
EBITDA	-12.45	19.21	54.36	23.99	14.58	-4.63
EBITDA Margin	-2.17%	3.24%	11.31%	5.89%	12.26%	-25.56%
D&A For EBITDA	37.03	41.53	31.13	27.02	8.47	1.17
EBIT	-49.49	-22.32	23.23	-3.02	6.1	-5.8
EBIT Margin	-8.62%	-3.77%	4.83%	-0.74%	5.13%	-32.03%
Revenue as Reported	574.14	592.65	480.46	407.22	118.88	18.12

Updated Sep 28, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q