Logo

TWNP

Twin Hospitality Group

TWNP

Twin Hospitality Group • NASDAQ
$1.68 ▼ -6.67% (-0.12)
Market Cap $96.31 M
52w High $22.20
52w Low $1.50
Dividend Yield 0%
P/E -1.39
Volume 62.12K
Outstanding Shares 57.33M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $82.316M ▼ $24.851M ▼ $-24.481M ▼ -29.74% ▼ $-0.43 ▼ $-9.534M ▼
Q2-2025 $87.846M ▲ $29.2M ▲ $-20.784M ▼ -23.66% ▼ $-0.36 ▼ $-7.375M ▼
Q1-2025 $87.105M ▲ $18.504M ▼ $-12.112M ▼ -13.905% ▼ $-0.24 $5.069M ▲
Q4-2024 $86.481M ▲ $29.781M ▲ $-12M ▲ -13.876% ▲ $-0.24 ▲ $-3.251M ▼
Q3-2024 $83.665M $18.251M $-16.217M -19.383% $-0.32 $2.323M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $5.478B ▲ $516.77B ▲ $608.897B ▲ $-92.127B ▼
Q2-2025 $6.064M ▼ $535.071M ▼ $613.707M ▼ $-78.636M ▲
Q1-2025 $7.155M ▼ $544.223M ▲ $646.077M ▲ $-101.854M ▼
Q4-2024 $9.37M ▲ $542.446M ▼ $627.055M ▲ $-84.609M ▼
Q3-2024 $7.942M $567.101M $618.729M $-51.628M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $-20.784M ▼ $-8.822M ▼ $-1.805M ▼ $3.505M ▼ $-7.122M ▼ $-10.626M ▼
Q1-2025 $-12.112M ▼ $-5.739M ▲ $434K ▲ $7.707M ▲ $2.402M ▲ $-9.737M ▲
Q4-2024 $-11.993M ▲ $-7.407M ▼ $-198K ▲ $3.926M ▼ $-3.679M ▼ $-12.24M ▼
Q3-2024 $-16.217M ▼ $-1.52M ▲ $-7.19M ▲ $11.714M ▲ $3.004M ▲ $-8.71M ▲
Q2-2024 $-10.732M $-2.37M $-9.453M $11.192M $0 $-11.823M

Five-Year Company Overview

Income Statement

Income Statement Revenue has been climbing steadily over the last few years, showing that the brands are drawing more customer traffic and sales. However, profits have not followed the same path. Operating results have slipped from a small profit to a small loss, and bottom-line losses have widened. This suggests that higher costs, restructuring efforts, interest on debt, or integration expenses are offsetting the revenue growth. In short, the business is growing in size but not yet converting that growth into sustainable profitability.

Balance Sheet

Balance Sheet The balance sheet looks stretched. Debt has risen meaningfully while cash on hand is very limited. Shareholders’ equity has moved from positive to negative, which implies a highly leveraged financial structure with little balance-sheet cushion. This kind of profile can limit flexibility, especially in a cyclical, consumer-facing sector like restaurants. The company appears to be relying heavily on borrowed money to support expansion and restructuring, which increases financial risk if performance stumbles or the economy weakens.

Cash Flow

Cash Flow Cash generation from day-to-day operations has been inconsistent and recently turned slightly negative. Free cash flow has been negative for several years, as ongoing capital spending on restaurants and upgrades outpaces the cash coming in from the business. This pattern is typical of a company investing for growth and turnaround, but it also means the company likely needs to lean on debt or other external funding to support its plans. Until operating cash flows become consistently positive, funding growth and servicing debt will remain a key challenge to watch.

Competitive Edge

Competitive Edge Twin Hospitality’s strength is clearly anchored in the Twin Peaks brand. Twin Peaks has a very distinctive “sports lodge” concept, strong brand identity, and a highly experiential environment built around cold draft beer, a scratch kitchen, and wall-to-wall sports viewing. That combination creates loyalty and makes it harder for generic sports bars to copy the formula. In contrast, Smokey Bones is in the middle of a strategic reset, with some locations being converted into Twin Peaks and others repositioned. The company’s competitive position, therefore, is uneven: strong and well-defined in Twin Peaks, more fragile and in transition at Smokey Bones. The broader casual dining market is crowded and sensitive to economic conditions, so maintaining Twin Peaks’ differentiation and successfully reshaping Smokey Bones are critical.

Innovation and R&D

Innovation and R&D Innovation is a clear focus, but it is practical and operations-driven rather than lab-style research. Twin Peaks uses technology to improve the guest experience and control costs, including platforms for online ordering, beer inventory tracking, and bar-pour monitoring. Smokey Bones has become a test bed for off-premise innovation, with its own e-commerce platform that supports multiple virtual brands from a single kitchen, along with delivery partnerships and new layouts tailored to takeout and delivery. These efforts show a willingness to adapt to changing consumer behavior and use data and technology to squeeze more revenue and efficiency out of existing locations. The key question is whether these innovations can materially improve margins and traffic over time.

Summary

Twin Hospitality Group is a newly listed, highly leveraged restaurant platform in the middle of a strategic reshaping. On the positive side, revenue is growing, the Twin Peaks brand appears to have a clear and defensible niche in the sports-bar segment, and the company is actively experimenting with technology, virtual brands, and new formats to stay relevant. On the risk side, profitability is weak, losses have widened, free cash flow is negative, and the balance sheet carries significant debt with negative equity. The success of the Smokey Bones restructuring, the conversion of locations into Twin Peaks, and the integration of acquired units will be crucial. Overall, this is a growth-and-turnaround story with notable brand strengths but also elevated financial and execution risk that will need to be monitored over the next few years.

NEWS

November 17, 2025 · 6:00 AM UTC

Twin Hospitality Group to Acquire Eight Twin Peaks Franchise Locations in Florida

Read more

November 5, 2025 · 4:10 PM UTC

TWIN HOSPITALITY GROUP INC. REPORTS FISCAL THIRD QUARTER 2025 FINANCIAL RESULTS

Read more

November 4, 2025 · 5:05 PM UTC

Twin Hospitality Group Inc. Announces Third Quarter 2025 Financial Results on November 5, 2025

Read more

October 22, 2025 · 6:00 AM UTC

Noble Capital Markets Initiates Equity Research Coverage on Twin Hospitality Group Inc.

Read more

October 8, 2025 · 9:00 AM UTC

Twin Hospitality Group Inc. Appoints Melissa Fry as Chief Marketing Officer

Read more