FAT · As filed with the SEC
Fat Brands balance sheet, by quarter
The statement as Fat Brands presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.
CONDENSED CONSOLIDATED BALANCE SHEETS · USD thousands
| USD thousands | Q3 2025 Sep 28, 2025 | Q2 2025 Jun 29, 2025 | Q1 2025 Mar 30, 2025 | Q4 2024 Dec 29, 2024 |
|---|---|---|---|---|
| Assets | ||||
| Current assets | ||||
| Cash | 2,052 | 7,648 | 12,150 | 23,383 |
| Restricted cash | 11,965 | 25,784 | 29,381 | 25,239 |
| Accounts receivable, net | 13,986 | 16,111 | 17,075 | 19,422 |
| Inventory | 7,449 | 7,729 | 8,562 | 8,420 |
| Assets classified as held-for-sale | 0 | 0 | 370 | 370 |
| Other current assets | 13,692 | 13,779 | 15,543 | 11,200 |
| Total current assets | 49,144 | 71,051 | 83,081 | 88,034 |
| Non-current restricted cash | 8,641 | 10,488 | 17,810 | 18,767 |
| Operating lease right-of-use assets | 188,875 | 196,000 | 198,341 | 198,091 |
| Goodwill | 285,337 | 285,337 | 285,337 | 285,337 |
| Other intangible assets, net | 584,004 | 587,894 | 591,783 | 595,689 |
| Property and equipment, net | 87,185 | 89,837 | 91,463 | 97,390 |
| Other assets | 7,440 | 7,153 | 5,724 | 5,870 |
| Total assets | 1,210,626 | 1,247,760 | 1,273,539 | 1,289,178 |
| Liabilities and Stockholders' Deficit | ||||
| Liabilities | ||||
| Current liabilities | ||||
| Accounts payable | 47,689 | 42,489 | 45,331 | 38,725 |
| Accrued expenses and other liabilities | 88,616 | 79,898 | 73,261 | 68,084 |
| Deferred income, current portion | 2,162 | 2,200 | 2,514 | 2,275 |
| Accrued advertising | 9,177 | 6,484 | 5,469 | 5,307 |
| Accrued interest payable | 38,999 | 34,887 | 31,553 | 24,837 |
| Dividend payable on preferred shares | 8,868 | 4,429 | 1,455 | 1,389 |
| Liabilities related to assets classified as held-for-sale | 0 | 0 | 393 | 393 |
| Operating lease liability, current portion | 15,359 | 15,756 | 16,254 | 16,229 |
| Redeemable preferred stock | 91,836 | 91,836 | 91,836 | 91,836 |
| Long-term debt, current portion | 1,263,470 | 57,702 | 48,528 | 49,241 |
| Acquisition purchase price payable | — | — | — | 0 |
| Total current liabilities | 1,566,176 | 335,681 | 316,594 | 298,316 |
| Deferred income, net of current portion | 18,331 | 19,371 | 19,830 | 20,347 |
| Deferred income tax liabilities, net | 15,140 | 14,584 | 14,881 | 13,772 |
| Operating lease liability, net of current portion | 198,994 | 198,941 | 201,264 | 200,132 |
| Long-term debt, net of current portion | 2,459 | 1,218,217 | 1,216,805 | 1,208,997 |
| Other liabilities | 3,327 | 4,166 | 3,661 | 3,326 |
| Total liabilities | 1,804,427 | 1,790,960 | 1,773,035 | 1,744,890 |
| Stockholders’ deficit | ||||
| Preferred stock and additional paid-in-capital, $0.0001 par value; 15,000,000 shares authorized; 4,493,582 shares issued and outstanding at September 28, 2025 and 3,591,706 shares issued and outstanding at December 29, 2024; liquidation preference $25 per share | 39,144 | 41,461 | 42,793 | 40,837 |
| Class A common stock and Class B common stock and additional paid-in capital as of September 28, 2025: $0.0001 par value per share; 51,600,000 shares authorized (Class A 50,000,000, Class B 1,600,000); 17,885,205 shares issued and outstanding (Class A 16,614,400, Class B 1,270,805). Common stock and additional paid-in capital as of December 29, 2024: $0.0001 par value; 51,600,000 shares authorized; 17,254,683 shares issued and outstanding (Class A 15,983,878, Class B 1,270,805) | (13,186) | (24,357) | (37,354) | (37,925) |
| Accumulated deficit | (611,782) | (553,563) | (499,375) | (458,624) |
| Stockholders’ deficit attributable to FAT Brands Inc. | (585,824) | (536,459) | (493,936) | (455,712) |
| Non-controlling interest | (7,977) | (6,741) | (5,560) | — |
| Total stockholders' deficit | (593,801) | (543,200) | (499,496) | — |
| Total liabilities and stockholders' deficit | 1,210,626 | 1,247,760 | 1,273,539 | 1,289,178 |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.