Export financials
Muscle Maker (GRIL)
The export includes the complete available history of financial statements and ratios. Numbers are provided in full, without million or billion abbreviations, in their original reporting units.
CSV downloads as a ZIP archive with one file for each report and frequency.

Muscle Maker Income Statement 2025-2011 | GRIL
Brief overview of financial results at Muscle Maker
The overview follows changes across a five-year period. According to figures from Muscle Maker, revenue changed from 4.5 million dollars to 247 million dollars over five years. The cumulative result was +5419.2%, corresponding to roughly 123% per year. Sales grew at a rate typical of a strong expansion phase.
Gross profit was $3 million at the start and $4.6 million at the end of the period (+52%). At the margin level, the figure shifted from 67.2% to 1.9%. The margin decline reflects a less favorable sales-and-cost structure.
Over the period, EBITDA shifted from −$9.5 million to −$40.4 million, a change of −323.7%. Changes in revenue did not translate into comparable EBITDA performance. The EBITDA share of revenue changed from −213.1% to −16.4%. The business generated more EBITDA from each unit of revenue.
Across the five years, the net result shifted from −10.1 million dollars to −93.4 million dollars. The loss widened and increased the financial risk.
Summary assessment
The current trajectory does not yet confirm a sustainable recovery. The positive side is supported by an improving EBITDA margin and revenue expansion. The most visible risks are a narrow EBITDA buffer, pressure from direct costs and a narrow gross-profit buffer. The next reporting periods will show whether revenue, margins, and final profitability can strengthen.
Annual Income Statement Muscle Maker
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
- | - | 4.61 M | 34.8 M | 10.6 M | 15.1 M | - | - | - | - | - | - | - | - | - |
Shares |
820 K | 458 K | 3.49 M | 28.6 M | 16.5 M | 7.09 M | - | - | - | - | - | - | - | - | - |
Historical Prices |
- | - | 1.32 | 1.22 | 0.641 | 2.13 | - | - | - | - | - | - | - | - | - |
Net Income |
-93.4 M | 3.99 M | -7.82 M | -7.96 M | -8.18 M | -10.1 M | -28.4 M | -7.2 M | -13.2 M | -3.11 M | - | - | - | - | - |
Revenue |
247 M | 701 M | 718 M | 162 M | 10.3 M | 4.47 M | 4.96 M | 6.02 M | 7.93 M | 4.95 M | - | - | - | - | - |
Cost of Revenue |
242 M | 678 M | 708 M | 157 M | - | - | - | - | 2.63 M | 1.31 M | - | - | - | - | - |
Gross Profit |
4.57 M | 22.7 M | 9.64 M | 4.39 M | - | 3.01 M | 1.01 M | 1.29 M | 807 K | 1.01 M | - | - | - | - | - |
Operating Income |
-40.5 M | 6.16 M | -7 M | -8.12 M | -9.45 M | -9.96 M | -3.65 M | -3.59 M | -11.9 M | -3.97 M | - | - | - | - | - |
Interest Expense |
- | - | 308 K | 6.73 K | 69.5 K | 27.1 K | 839 | 96.2 K | -3.88 M | -126 K | - | - | - | - | - |
EBITDA |
-40.4 M | 6.42 M | -5.86 M | -6.1 M | -8.24 M | -9.53 M | -3.37 M | -3.38 M | -7.18 M | -3.76 M | - | - | - | - | - |
Operating Expenses |
- | - | - | - | - | 5.21 M | 4.53 M | 4.88 M | 8.43 M | 4.98 M | - | - | - | - | - |
General and Administrative Expenses |
42.9 M | 9.66 M | 8.97 M | 6.04 M | 8.09 M | 8.58 M | 4.38 M | 4.36 M | 7.98 M | 4.77 M | - | - | - | - | - |
Annual performance
Select metrics to display
All numbers in USD currency
Quarterly Income Statement Muscle Maker
| 2026-Q1 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
1.81 M | 872 K | 5.81 M | 5.23 M | 523 K | 469 K | 4.42 M | 4.19 M | 4.05 M | 3.74 M | 33.4 M | 29.4 M | 29.3 M | 28.8 M | 28.7 M | 27.8 M | 26.1 M | 17.7 M | 6.92 M | 11.8 M | 11.7 M | 7.63 M | 7.09 M | 6.53 M | 5.71 M | 1.5 M | 1.5 M | 1.27 M | 1.49 M | 8.34 M | 8.31 M | 7.67 M | 7.64 M | 5.77 M | 5.34 M | 4.66 M | 4.6 M | 4.6 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Net Income |
-4.87 M | -15.2 M | 389 K | 938 K | - | 1.16 M | 2.37 M | -265 K | - | -5.18 M | 190 K | -1.07 M | - | -1.9 M | -1.77 M | -1.89 M | - | -433 K | -1.12 M | -3.71 M | - | -662 K | -1.5 M | -5.49 M | -23 M | -2.35 M | -1.54 M | -1.48 M | -505 K | -1.14 M | -2.37 M | -3.18 M | - | -4.86 M | -1.33 M | -3.84 M | - | -834 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Revenue |
132 M | - | - | 132 M | - | - | - | 106 M | - | 182 M | 160 M | 213 M | - | 2.82 M | 2.93 M | 2.92 M | - | 3.3 M | 2.7 M | 1.33 M | - | 1.15 M | 835 K | 1.44 M | - | 1.11 M | 1.38 M | 1.18 M | - | 1.05 M | 1.54 M | 2.04 M | - | 2.36 M | 1.93 M | 1.97 M | - | 2 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Cost of Revenue |
126 M | 6.63 M | 109 M | 126 M | - | 193 M | 168 M | 104 M | - | 179 M | 157 M | 208 M | - | 2.71 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 764 K | - | 688 K | - | 556 K | - | 458 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Gross Profit |
6.01 M | -6.34 M | 4.99 M | 6.01 M | - | 7.66 M | 5.79 M | 2.81 M | - | 2.9 M | 3.08 M | 4.67 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Operating Income |
-2.52 M | -14.3 M | 1.77 M | 1.48 M | - | 2.47 M | 2.07 M | 530 K | - | -3.97 M | -360 K | -1.61 M | - | -1.96 M | -1.74 M | -1.99 M | - | -1.62 M | -2.33 M | -3.7 M | - | -737 K | -1.39 M | -5.36 M | - | -1.4 M | -561 K | -813 K | - | -848 K | -1.17 M | -1.55 M | - | -5.16 M | -1.74 M | -1.51 M | - | -1.07 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Interest Expense |
- | - | - | - | - | - | 19 K | -490 K | - | 1 K | 251 K | 3 K | - | 55 K | -15 K | -19 K | - | 1.01 M | 224 K | 2.63 K | - | -5.36 K | -10.4 K | -3.19 K | - | 113 K | 2.76 K | -112 K | - | 65.9 K | -6.22 K | 305 K | - | -187 K | -31.8 K | -3.64 M | - | -25.1 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
EBITDA |
-2.5 M | -14.3 M | 1.8 M | 1.5 M | - | 2.52 M | 2.17 M | 621 K | - | -3.53 M | 81 K | -974 K | - | -1.44 M | -1.25 M | -1.51 M | - | -781 K | -1.87 M | -3.53 M | - | -656 K | -1.3 M | -5.25 M | - | -1.34 M | -498 K | -745 K | - | -801 K | -1.12 M | -1.5 M | - | -5.02 M | -1.65 M | -1.43 M | - | -998 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Operating Expenses |
- | - | - | - | - | - | - | - | - | 186 M | 161 M | 215 M | - | 4.79 M | 4.67 M | 4.91 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
General and Administrative Expenses |
2.17 M | 7.39 M | 2.77 M | 3.08 M | - | 3.42 M | 1.7 M | 1.39 M | - | 3.31 M | 1.78 M | 2.14 M | - | 1.22 M | 1.13 M | 1.32 M | - | 1.13 M | 1.99 M | 2.97 M | - | 457 K | 1.21 M | 5.13 M | - | 1.51 M | 967 K | 1.1 M | - | 916 K | 1.41 M | 1.39 M | - | 2.35 M | 1.71 M | 1.83 M | - | 1.52 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Quarterly performance
Select metrics to display
All numbers in USD currency
The income statement is one of the three key financial reports of a company Muscle Maker (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.