Good Times Restaurants Inc.

Listed Company

GTIMCIK 0000825324NasdaqNon-AcceleratedSmaller ReportingRetail-Eating PlacesNevadaFY ends Sep 29

Period

FY 2025

Revenue

—

Net Income

$1.02M

Total Assets

$83.81M

Equity

$33.06M

Shares Out

10.56M

Op. Cash Flow

$1.61M

GTIM$1.43−8.33% · past yearDBEQ Basic

Daily closing prices

Business

Good Times Restaurants Inc. operates two restaurant concepts: Bad Daddy's Burger Bar, a full-service casual dining burger restaurant with craft beverages, and Good Times Burgers & Frozen Custard, a quick-service drive-thru concept focused on all-natural burgers and frozen custard. The company owns and operates 37 Bad Daddy's locations across seven states (primarily North Carolina and Colorado) and 27 Good Times restaurants (predominantly in Colorado), while also franchising or licensing additional units. Both brands emphasize quality ingredients, customization, and hospitality delivered through distinct operating models—full-service dining for Bad Daddy's and drive-thru efficiency for Good Times.

Summary from 10-K filed 2025-12-29

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Total net revenues	142	142	—	—	—
Food and packaging costs	44	44	43	44	36
Payroll and other employee benefit costs	49	49	48	—	—
Restaurant occupancy costs	10	10	10	—	—
Other restaurant operating costs	21	20	19	—	—
Preopening costs	8,000	—	484,000	51,000	766,000
Depreciation and amortization	4	4	4	4	4
Total restaurant operating costs	128	127	123	122	106
General and administrative costs	10	11	9	11	9
Advertising costs	3	4	3	3	2
Impairment of long-lived assets	627,000	698,000	2	3	—
(Gain) loss on lease terminations and asset disposals	−469,000	2,000	−41,000	−676,000	−37,000
Litigation Contingencies	—	−332,000	—	—	—
INCOME FROM OPERATIONS	330,000	1	963,000	−878,000	7
Interest expense	−196,000	−125,000	—	—	—
Other income	140,000	—	—	—	—
Total other income (expenses)	−56,000	−125,000	—	−54,000	12
NET INCOME BEFORE INCOME TAXES	274,000	1	885,000	−932,000	18
Provision for income taxes	824,000	624,000	11	5,000	−6,000
NET INCOME	1	2	12	−927,000	18
Income attributable to non-controlling interests	−74,000	−266,000	−586,000	−2	−2
NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS	1	2	11	−3	17
Basic (in Dollars per share)	0.1	0.15	0.94	−0.21	1.32
Diluted (in Dollars per share)	0.1	0.14	0.94	−0.21	1.31
Basic (in Shares)	11	11	12	12	13
Diluted (in Shares)	11	11	12	12	13

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Cash and cash equivalents	3	4	4	—	—
Inventories	1	1	1	1	1
Receivables	795,000	890,000	769,000	—	—
Prepaid expenses and other	466,000	395,000	163,000	888,000	641,000
Total current assets	5	7	7	12	11
Land and land improvements	1	1	1	—	—
Buildings	5	5	5	—	—
Leasehold improvements	38	40	38	36	35
Fixtures and equipment	30	35	33	31	30
Total property and equipment, at cost	74	81	77	71	70
Less accumulated depreciation and amortization	−52	−58	−54	−49	−43
Total net property and equipment	22	23	23	22	27
Operating lease right-of-use assets, net	34	36	40	42	46
Deferred tax assets, net	13	12	12	0	—
Deposits and other assets	423,000	273,000	—	—	—
Trademarks	4	4	4	—	—
Goodwill	6	6	6	6	5
Total other assets	57	58	62	—	—
TOTAL ASSETS:	84	87	91	86	94
Current maturities of long-term debt	32,000	30,000	—	—	—
Accounts payable	3	3	3	628,000	1
Operating lease liabilities, current	6	6	6	5	5
Other accrued liabilities	5	6	6	—	—
Total current liabilities	14	16	15	13	13
Maturities of long-term debt, net of current portion	2	842,000	750,000	0	—
Operating lease liabilities, net of current portion	33	37	42	46	50
Deferred and other liabilities	83,000	105,000	122,000	—	—
Total long-term liabilities	36	38	43	46	50
COMMITMENTS AND CONTINGENCIES (Note 5)	—	—	—	—	—
Preferred stock, $.01 par value, 5,000,000 shares authorized, zero shares issued and outstanding as of September 30, 2025 and September 24, 2024, respectively	—	—	—	0	—
Common stock, $.001 par value; 50,000,000 shares authorized, 12,977,433 issued; 10,549,508 and 10,712,367 shares outstanding as of September 30, 2025 and September 24, 2024, respectively	13,000	13,000	13,000	13,000	13,000
Capital contributed in excess of par value	57	57	57	59	59
Treasury stock, at cost; 2,427,925 and 2,265,066 shares as of September 30, 2025 and September 24, 2024, respectively	−7	−7	−5	−3	−2
Accumulated deficit	−17	−18	−19	−30	−28
Total Good Times Restaurants Inc. shareholders' equity	33	32	33	26	30
Non-controlling interests	753,000	717,000	423,000	1	1
Total shareholders equity	34	33	33	28	31
TOTAL LIABILITIES AND SHAREHOLDERS EQUITY	84	87	91	86	94

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Depreciation and amortization	4	4	—	4	4
Net change in ROU assets and operating lease liabilities	−1	−856,000	366,000	—	—
(Gain) on lease terminations	−813,000	—	—	—	—
Recognition of deferred gain on sale of restaurant building	−13,000	−38,000	−37,000	−34,000	−37,000
Loss on asset disposals	115,000	29,000	−4,000	—	—
Stock-based compensation expense	112,000	134,000	131,000	250,000	362,000
Receivables and prepaids	17,000	−355,000	−111,000	—	—
Inventories	52,000	—	−5,000	−64,000	−210,000
Deposits and other assets	−157,000	35,000	−111,000	79,000	—
Accounts payable	−404,000	449,000	2	−654,000	−1
Deferred liabilities	−11,000	−4,000	—	—	—
Accrued and other liabilities	−958,000	−66,000	−372,000	515,000	448,000
Net cash provided by operating activities	2	5	8	5	9
Payments for the purchase of property and equipment	−3	−3	−5	−3	−3
Acquisition of restaurants from franchisees, net of cash acquired	−504,000	−534,000	−1	−728,000	—
Lease termination payments	−350,000	—	—	—	—
Proceeds from sale of fixed assets	77,000	14,000	48,000	0	—
Net cash used in investing activities	−4	−4	−10	−3	−3
Borrowings from long-term debt	2	1	750,000	—	—
Payments on long-term debt	−780,000	−1	—	—	−6
Payment for the purchase of treasury stock	−391,000	−2	−2	−1	—
Payment for restricted stock vesting settled in cash	−58,000	—	—	—	—
Contributions from non-controlling interests	9,000	200,000	13,000	33,000	20,000
Distributions to non-controlling interests	−47,000	−172,000	—	—	—
Net cash provided by (used in) financing activities	983,000	−2	−2	−3	−9
DECREASE IN CASH AND CASH EQUIVALENTS	−1	−329,000	−5	50,000	−3
Cash paid for interest	206,000	97,000	31,000	20,000	151,000
Change in accounts payable attributable to the purchase of property and equipment	50,000	−25,000	91,000	—	—

Filings

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Frequently asked questions

What is Good Times Restaurants Inc.'s CIK number?

Good Times Restaurants Inc.'s SEC CIK number is 0000825324 (825324). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find Good Times Restaurants Inc.'s SEC filings?

All of Good Times Restaurants Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did Good Times Restaurants Inc. last report earnings?

Good Times Restaurants Inc. (GTIM) most recently filed an earnings 8-K with the SEC on May 7, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001214659-26-005725). This is Good Times Restaurants Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is Good Times Restaurants Inc.'s most recent earnings 8-K?

Good Times Restaurants Inc.'s latest earnings 8-K (Item 2.02) was filed May 7, 2026 under accession 0001214659-26-005725. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View Good Times Restaurants Inc.'s latest earnings 8-K →
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