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Fat Brands, Inc (FABTQ) Stock Fundamental Analysis & AI Rating 2026

FABTQ OTC Retail-Eating Places DE CIK: 0001705012
Updated This Month • Analysis: Mar 24, 2026 • SEC Data: 2025-09-28
Combined AI Rating
STRONG SELL
96% Confidence
STRONG AGREEMENT
STRONG SELL
95% Conf
STRONG SELL
96% Conf

📊 FABTQ Key Takeaways

Revenue: $428.9M
Net Margin: -36.9%
Free Cash Flow: $-63.9M
Current Ratio: 0.03x
Debt/Equity: N/A
EPS: $-9.30
AI Rating: STRONG SELL with 95% confidence
Fat Brands, Inc (FABTQ) receives a STRONG SELL rating with 96% confidence from our AI fundamental analysis based on SEC 10-K filings. With revenue of $428.9M, net profit margin of -36.9%, Fat Brands, Inc demonstrates mixed fundamentals in the Consumer sector. Below is our complete FABTQ stock analysis for 2026.

Is Fat Brands, Inc (FABTQ) a Good Investment?

Claude

Fat Brands exhibits critical financial distress with negative stockholders' equity of -$585.8M, severe liquidity constraints (0.03x current ratio), and persistent operating losses despite 23.4% revenue growth. The company is burning cash at an alarming rate (-$63.9M FCF) while carrying $1.3B in long-term debt, indicating structural insolvency and imminent default risk.

ChatGPT

Fat Brands shows meaningful top-line growth, but the quality of that growth is weak because it is paired with deep operating losses, very large net losses, and negative free cash flow. The balance sheet is severely impaired, with negative equity, extremely weak liquidity, minimal cash, and a debt load that appears unsustainable relative to earnings and cash generation. Fundamentally, this is a highly distressed business where solvency and refinancing risk outweigh revenue momentum.

Why Buy Fat Brands, Inc Stock? FABTQ Key Strengths

Claude
  • + Revenue growth of 23.4% YoY demonstrates operational traction in core business
  • + Slight net income improvement of 3.9% YoY suggests marginal cost control initiatives
  • + Total assets of $1.2B provide some asset backing despite equity deficiency
ChatGPT
  • + Revenue grew 23.4% year over year, indicating continued system-wide sales expansion
  • + Large asset base and brand portfolio may provide some operating scale and franchise value
  • + Net loss improved modestly year over year, suggesting some stabilization versus the prior period

FABTQ Stock Risks: Fat Brands, Inc Investment Risks

Claude
  • ! Negative stockholders' equity of -$585.8M signals technical insolvency and potential bankruptcy filing
  • ! Critical liquidity crisis with current ratio of 0.03x and only $2.1M cash against $1.8B total liabilities
  • ! Severe cash burn with -$54.7M operating cash flow and -$63.9M free cash flow indicating inability to fund operations
  • ! Operating margin of -9.7% and net margin of -36.9% demonstrate unprofitable core business
  • ! Interest coverage of -21.7x shows company cannot service debt obligations from operations
  • ! Long-term debt of $1.3B with negative cash generation creates imminent default risk
ChatGPT
  • ! Negative stockholders equity and a 0.03x current ratio indicate severe financial distress
  • ! Long-term debt of $1.27B with negative interest coverage points to unsustainable leverage
  • ! Operating cash flow and free cash flow are both deeply negative, limiting flexibility and increasing funding risk

Key Metrics to Watch

Claude
  • * Stockholders' equity trajectory and path to positive equity
  • * Operating cash flow trend and return to positive cash generation
  • * Debt covenant compliance and refinancing negotiations with creditors
  • * Operating margin improvement and path to profitability
  • * Liquidity position and cash runway months remaining
ChatGPT
  • * Operating cash flow and free cash flow trend
  • * Debt servicing capacity, including interest coverage and near-term liquidity

Fat Brands, Inc (FABTQ) Financial Metrics & Key Ratios

Revenue
$428.9M
Net Income
$-158.4M
EPS (Diluted)
$-9.30
Free Cash Flow
$-63.9M
Total Assets
$1.2B
Cash Position
$2.1M

💡 AI Analyst Insight

The current ratio below 1.0x warrants monitoring of short-term liquidity.

FABTQ Profit Margin, ROE & Profitability Analysis

Gross Margin N/A
Operating Margin -9.7%
Net Margin -36.9%
ROE N/A
ROA -13.1%
FCF Margin -14.9%

FABTQ vs Consumer Sector: How Fat Brands, Inc Compares

How Fat Brands, Inc compares to Consumer sector averages

Net Margin
FABTQ -36.9%
vs
Sector Avg 8.0%
FABTQ Sector
ROE
FABTQ 0.0%
vs
Sector Avg 18.0%
FABTQ Sector
Current Ratio
FABTQ 0.0x
vs
Sector Avg 1.5x
FABTQ Sector
Debt/Equity
FABTQ 0.0x
vs
Sector Avg 0.8x
FABTQ Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Fat Brands, Inc Stock Overvalued? FABTQ Valuation Analysis 2026

Based on fundamental analysis, Fat Brands, Inc has mixed fundamental signals relative to the Consumer sector in 2026.

Return on Equity
N/A
Sector avg: 18%
Net Profit Margin
-36.9%
Sector avg: 8%
Revenue Growth
N/A
Year-over-year
Debt/Equity
N/A
Sector avg: 0.8x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Fat Brands, Inc Balance Sheet: FABTQ Debt, Cash & Liquidity

Current Ratio
0.03x
Quick Ratio
0.03x
Debt/Equity
N/A
Debt/Assets
149.0%
Interest Coverage
-21.71x
Long-term Debt
$1.3B

FABTQ Revenue & Earnings Growth: 5-Year Financial Trend

FABTQ 5-year financial data: Year 2020: Revenue $22.5M, Net Income -$1.0M, EPS N/A. Year 2021: Revenue $118.9M, Net Income -$14.9M, EPS $-1.25. Year 2022: Revenue $407.2M, Net Income -$31.6M, EPS $-2.15. Year 2023: Revenue $480.5M, Net Income -$126.2M, EPS $-8.06. Year 2024: Revenue $592.7M, Net Income -$90.1M, EPS $-5.85.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Fat Brands, Inc's revenue has grown significantly by 2,533% over the 5-year period, indicating strong business expansion. The most recent EPS of $-5.85 indicates the company is currently unprofitable.

FABTQ Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
-14.9%
Free cash flow / Revenue

FABTQ Quarterly Earnings & Performance

Quarterly financial performance data for Fat Brands, Inc including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q3 2025 $140.0M -$44.8M $-2.74
Q2 2025 $146.8M -$39.4M $-2.43
Q1 2025 $142.0M -$38.3M $-2.37
Q3 2024 $109.4M -$24.7M $-1.59
Q2 2024 $106.8M -$7.1M $-0.53
Q1 2024 $105.7M -$32.1M $-2.05
Q3 2023 $103.2M -$23.4M $-1.59
Q2 2023 $102.8M -$7.1M $-0.53

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Fat Brands, Inc Dividends, Buybacks & Capital Allocation

Operating Cash Flow
-$54.7M
Cash generated from operations
Capital Expenditures
$9.3M
Investment in assets
Dividends
None
No dividend program

FABTQ SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Fat Brands, Inc (CIK: 0001705012)

📋 Recent SEC Filings

Date Form Document Action
Mar 30, 2026 8-K form8-k.htm View →
Feb 3, 2026 4 xslF345X05/ownership.xml View →
Jan 30, 2026 8-K form8-k.htm View →
Jan 27, 2026 8-K form8-k.htm View →
Jan 9, 2026 8-K form8-k.htm View →

Frequently Asked Questions about FABTQ

What is the AI rating for FABTQ?

Fat Brands, Inc (FABTQ) has a Combined AI Rating of STRONG SELL from Claude (STRONG SELL) and ChatGPT (STRONG SELL) with 96% combined confidence, based on fundamental analysis of SEC EDGAR filings.

What are FABTQ's key strengths?

Claude: Revenue growth of 23.4% YoY demonstrates operational traction in core business. Slight net income improvement of 3.9% YoY suggests marginal cost control initiatives. ChatGPT: Revenue grew 23.4% year over year, indicating continued system-wide sales expansion. Large asset base and brand portfolio may provide some operating scale and franchise value.

What are the risks of investing in FABTQ?

Claude: Negative stockholders' equity of -$585.8M signals technical insolvency and potential bankruptcy filing. Critical liquidity crisis with current ratio of 0.03x and only $2.1M cash against $1.8B total liabilities. ChatGPT: Negative stockholders equity and a 0.03x current ratio indicate severe financial distress. Long-term debt of $1.27B with negative interest coverage points to unsustainable leverage.

What is FABTQ's revenue and growth?

Fat Brands, Inc reported revenue of $428.9M.

Does FABTQ pay dividends?

Fat Brands, Inc does not currently pay dividends.

Where can I find FABTQ SEC filings?

Official SEC filings for Fat Brands, Inc (CIK: 0001705012) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is FABTQ's EPS?

Fat Brands, Inc has a diluted EPS of $-9.30.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.

Is FABTQ a good stock to buy right now?

Based on our AI fundamental analysis in April 2026, Fat Brands, Inc has a STRONG SELL rating with 96% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.

Is FABTQ stock overvalued or undervalued?

Valuation metrics for FABTQ: ROE of N/A (sector avg: 18%), net margin of -36.9% (sector avg: 8%). Compare these metrics with sector averages to assess valuation.

Should I buy FABTQ stock in 2026?

Our dual AI analysis gives Fat Brands, Inc a combined STRONG SELL rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is FABTQ's free cash flow?

Fat Brands, Inc's operating cash flow is $-54.7M, with capital expenditures of $9.3M. FCF margin is -14.9%.

How does FABTQ compare to other Consumer stocks?

Vs Consumer sector averages: Net margin -36.9% (avg: 8%), ROE N/A (avg: 18%), current ratio 0.03 (avg: 1.5).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: Mar 24, 2026 | Data as of: 2025-09-28 | Powered by Claude AI