GTIM on Nasdaq
Good Times Restaurants Inc.
Good Times Restaurants Inc. is an American retail-eating places company based in Golden, listed on Nasdaq (GTIM).1
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Last updated Oct 21, 2026.
Overview
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- TickerGTIM on Nasdaq1
- IndustryRetail-Eating Places1
- HeadquartersGolden, Colorado1
- Incorporated inNV3
- Business address651 Corporate Circle, Suite 200, Golden, Co 804013
- Filer categoryNon-accelerated filer, Smaller reporting company3
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Annual principal maturities over the next five years are approximately $35,000 each year.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Restaurant Sales brought in 99% of the revenue Good Times Restaurants Inc. broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2024 | 2025 |
|---|---|---|
| Restaurant Sales | $141.6M | $140.6M |
| Franchise And Other Revenues | $825.0K | $1.0M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Other costs99¢$139.8M
- Income tax1¢$824.0K
- Profit1¢$1.0M
Out of $141.6M in revenue.2
Where each dollar of operating cash went, fiscal 2025
- Capital spending89¢$3.1M
- Share buybacks11¢$391.0K
Out of $1.6M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.2
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.2
| Period ending | 2025-09-30 | 2024-09-30 |
|---|---|---|
| Total net revenues | $141.6M | $142.4M |
| Food and packaging costs | $43.9M | $43.7M |
| Payroll and other employee benefit costs | $49.3M | $48.7M |
| Restaurant occupancy costs | $10.2M | $10.1M |
| Other restaurant operating costs | $20.7M | $20.3M |
| Preopening costs | $8.0K | |
| Depreciation and amortization | $4.0M | $3.8M |
| Total restaurant operating costs | $128.1M | $126.5M |
| General and administrative costs | $9.7M | $10.6M |
| Advertising costs | $3.3M | $3.5M |
| Impairment of long-lived assets | $627.0K | $698.0K |
| (Gain) loss on lease terminations and asset disposals | -$469.0K | $2.0K |
| Litigation Contingencies | -$332.0K | |
| INCOME FROM OPERATIONS | $330.0K | $1.4M |
| Interest expense | -$196.0K | -$125.0K |
| Other income | $140.0K | |
| Total other income (expenses) | -$56.0K | -$125.0K |
| NET INCOME BEFORE INCOME TAXES | $274.0K | $1.3M |
| Provision for income taxes | $824.0K | $624.0K |
| NET INCOME | $1.1M | $1.9M |
| Income attributable to non-controlling interests | -$74.0K | -$266.0K |
| NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS | $1.0M | $1.6M |
| Basic (in Dollars per share) | $0.10 | $0.15 |
| Diluted (in Dollars per share) | $0.10 | $0.14 |
| Basic (in Shares) | 10.6M shares | 11.0M shares |
| Diluted (in Shares) | 10.7M shares | 11.1M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.2
| Period ending | 2025-09-30 | 2024-09-30 | 2023-09-30 |
|---|---|---|---|
| Cash and cash equivalents | $2.6M | $3.9M | $4.2M |
| Inventories | $1.4M | $1.4M | |
| Receivables | $795.0K | $890.0K | |
| Prepaid expenses and other | $466.0K | $395.0K | |
| Total current assets | $5.3M | $6.6M | |
| Land and land improvements | $1.1M | $1.1M | |
| Buildings | $4.8M | $5.0M | |
| Leasehold improvements | $38.2M | $39.6M | |
| Fixtures and equipment | $29.8M | $34.8M | |
| Total property and equipment, at cost | $73.9M | $80.5M | |
| Less accumulated depreciation and amortization | -$52.1M | -$57.7M | |
| Total net property and equipment | $21.9M | $22.8M | |
| Operating lease right-of-use assets, net | $33.6M | $35.7M | |
| Deferred tax assets, net | $13.0M | $12.2M | |
| Deposits and other assets | $423.0K | $273.0K | |
| Trademarks | $3.9M | $3.9M | |
| Goodwill | $5.7M | $5.7M | |
| Total other assets | $56.7M | $57.8M | |
| TOTAL ASSETS: | $83.8M | $87.1M | |
| Current maturities of long-term debt | $32.0K | $30.0K | |
| Accounts payable | $2.6M | $3.1M | |
| Operating lease liabilities, current | $6.3M | $6.2M | |
| Other accrued liabilities | $5.5M | $6.4M | |
| Total current liabilities | $14.4M | $15.7M | |
| Maturities of long-term debt, net of current portion | $2.3M | $842.0K | |
| Operating lease liabilities, net of current portion | $33.2M | $37.4M | |
| Deferred and other liabilities | $83.0K | $105.0K | |
| Total long-term liabilities | $35.6M | $38.3M | |
| 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 | $13.0K | $13.0K | |
| Capital contributed in excess of par value | $56.9M | $56.8M | |
| Treasury stock, at cost; 2,427,925 and 2,265,066 shares as of September 30, 2025 and September 24, 2024, respectively | -$7.2M | -$6.9M | |
| Accumulated deficit | -$16.6M | -$17.6M | |
| Total Good Times Restaurants Inc. shareholders' equity | $33.1M | $32.4M | |
| Non-controlling interests | $753.0K | $717.0K | |
| Total shareholders equity | $33.8M | $33.1M | $33.0M |
| TOTAL LIABILITIES AND SHAREHOLDERS EQUITY | $83.8M | $87.1M | |
| Preferred stock, par value (in Dollars per share) | $0.01 | $0.01 | |
| Preferred stock, shares authorized (in Shares) | 5.0M shares | 5.0M shares | |
| Preferred stock, outstanding (in Shares) | 0 shares | 0 shares | |
| Preferred stock, issued (in Shares) | 0 shares | 0 shares | |
| Common stock, par value (in Dollars per share) | $0.00 | $0.00 | |
| Common stock, shares authorized (in Shares) | 50.0M shares | 50.0M shares | |
| Common stock, shares issued (in Shares) | 13.0M shares | 13.0M shares | |
| Common stock, shares outstanding (in Shares) | 10.5M shares | 10.7M shares | |
| Treasury stock at cost, shares (in Shares) | 2.4M shares | 2.3M shares |
| Period ending | 2025-09-30 | 2024-09-30 | 2023-09-30 |
|---|---|---|---|
| Cash and cash equivalents | $2.6M | $3.9M | $4.2M |
| Inventories | $1.4M | $1.4M | |
| Receivables | $795.0K | $890.0K | |
| Prepaid expenses and other | $466.0K | $395.0K | |
| Total current assets | $5.3M | $6.6M | |
| Land and land improvements | $1.1M | $1.1M | |
| Buildings | $4.8M | $5.0M | |
| Leasehold improvements | $38.2M | $39.6M | |
| Fixtures and equipment | $29.8M | $34.8M | |
| Total property and equipment, at cost | $73.9M | $80.5M | |
| Less accumulated depreciation and amortization | -$52.1M | -$57.7M | |
| Total net property and equipment | $21.9M | $22.8M | |
| Operating lease right-of-use assets, net | $33.6M | $35.7M | |
| Deferred tax assets, net | $13.0M | $12.2M | |
| Deposits and other assets | $423.0K | $273.0K | |
| Trademarks | $3.9M | $3.9M | |
| Goodwill | $5.7M | $5.7M | |
| Total other assets | $56.7M | $57.8M | |
| TOTAL ASSETS: | $83.8M | $87.1M | |
| Current maturities of long-term debt | $32.0K | $30.0K | |
| Accounts payable | $2.6M | $3.1M | |
| Operating lease liabilities, current | $6.3M | $6.2M | |
| Other accrued liabilities | $5.5M | $6.4M | |
| Total current liabilities | $14.4M | $15.7M | |
| Maturities of long-term debt, net of current portion | $2.3M | $842.0K | |
| Operating lease liabilities, net of current portion | $33.2M | $37.4M | |
| Deferred and other liabilities | $83.0K | $105.0K | |
| Total long-term liabilities | $35.6M | $38.3M | |
| 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 | $13.0K | $13.0K | |
| Capital contributed in excess of par value | $56.9M | $56.8M | |
| Treasury stock, at cost; 2,427,925 and 2,265,066 shares as of September 30, 2025 and September 24, 2024, respectively | -$7.2M | -$6.9M | |
| Accumulated deficit | -$16.6M | -$17.6M | |
| Total Good Times Restaurants Inc. shareholders' equity | $33.1M | $32.4M | |
| Non-controlling interests | $753.0K | $717.0K | |
| Total shareholders equity | $33.8M | $33.1M | $33.0M |
| TOTAL LIABILITIES AND SHAREHOLDERS EQUITY | $83.8M | $87.1M | |
| Preferred stock, par value (in Dollars per share) | $0.01 | $0.01 | |
| Preferred stock, shares authorized (in Shares) | 5.0M shares | 5.0M shares | |
| Preferred stock, outstanding (in Shares) | 0 shares | 0 shares | |
| Preferred stock, issued (in Shares) | 0 shares | 0 shares | |
| Common stock, par value (in Dollars per share) | $0.00 | $0.00 | |
| Common stock, shares authorized (in Shares) | 50.0M shares | 50.0M shares | |
| Common stock, shares issued (in Shares) | 13.0M shares | 13.0M shares | |
| Common stock, shares outstanding (in Shares) | 10.5M shares | 10.7M shares | |
| Treasury stock at cost, shares (in Shares) | 2.4M shares | 2.3M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.2
| Period ending | 2025-09-30 | 2024-09-30 |
|---|---|---|
| Net Income | $1.1M | $1.9M |
| Depreciation and amortization | $4.0M | $3.8M |
| Net change in ROU assets and operating lease liabilities | -$1.3M | -$856.0K |
| (Gain) on lease terminations | -$813.0K | |
| Recognition of deferred gain on sale of restaurant building | -$13.0K | -$38.0K |
| Loss on asset disposals | $115.0K | $29.0K |
| Impairment of long-lived assets | $627.0K | $698.0K |
| Stock-based compensation expense | $112.0K | $134.0K |
| Provision for income taxes | -$824.0K | -$624.0K |
| Receivables and prepaids | $17.0K | -$355.0K |
| Inventories | $52.0K | |
| Deposits and other assets | -$157.0K | $35.0K |
| Accounts payable | -$404.0K | $449.0K |
| Deferred liabilities | -$11.0K | -$4.0K |
| Accrued and other liabilities | -$958.0K | -$66.0K |
| Net cash provided by operating activities | $1.6M | $5.1M |
| Payments for the purchase of property and equipment | -$3.1M | -$3.1M |
| Acquisition of restaurants from franchisees, net of cash acquired | -$504.0K | -$534.0K |
| Lease termination payments | -$350.0K | |
| Proceeds from sale of fixed assets | $77.0K | $14.0K |
| Net cash used in investing activities | -$3.8M | -$3.7M |
| Borrowings from long-term debt | $2.2M | $1.4M |
| Payments on long-term debt | -$780.0K | -$1.3M |
| Payment for the purchase of treasury stock | -$391.0K | -$1.9M |
| Payment for restricted stock vesting settled in cash | -$58.0K | |
| Contributions from non-controlling interests | $9.0K | $200.0K |
| Distributions to non-controlling interests | -$47.0K | -$172.0K |
| Net cash provided by (used in) financing activities | $983.0K | -$1.8M |
| DECREASE IN CASH AND CASH EQUIVALENTS | -$1.2M | -$329.0K |
| Cash paid for interest | $206.0K | $97.0K |
| Change in accounts payable attributable to the purchase of property and equipment | $50.0K | -$25.0K |
No quarter-by-quarter statement was filed.
What it owns
What Good Times Restaurants Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Land and buildings | $1.1M2 Sep 30, 2025 | $1.1M2 Sep 24, 2024 | 0% |
| Buildings and improvements | $4.8M2 Sep 30, 2025 | $5.0M2 Sep 24, 2024 | −3.0% |
| Leasehold improvements | $38.2M2 Sep 30, 2025 | $39.6M2 Sep 24, 2024 | −3.6% |
| Property and equipment, before depreciation | $73.9M2 Sep 30, 2025 | $80.5M2 Sep 24, 2024 | −8.2% |
| Accumulated depreciation | $52.1M2 Sep 30, 2025 | $57.7M2 Sep 24, 2024 | −9.8% |
| Property and equipment, net | $21.9M2 Sep 30, 2025 | $22.8M2 Sep 24, 2024 | −4.1% |
| Operating-lease assets (leased space) | $33.6M2 Sep 30, 2025 | $35.7M2 Sep 24, 2024 | −5.8% |
Investments
Intangibles and goodwill
Inventory
Properties, in its own words
We currently lease approximately 7,650 square feet of space for our executive offices in Golden, Colorado for approximately $130,000 per year, under a lease agreement which expires in October 2027.
Most of our existing Good Times restaurants are a combination of free-standing structures containing approximately 880 to 1,000 square feet for the double drive-thru format and approximately 2,100 to 2,400 square feet for those locations with a 45 to 70-seat dining room. Except for one Good Times restaurant where we own both the land and building underlying, we do not own the land underlying these restaurants and either lease the land or the land and building. In addition, we have several restaurants that are conversions from other concepts in various sizes ranging from 1,700 square feet to 3,500 square feet. The buildings are situated on lots of approximately 16,000 to 50,000 square feet. Any future development is expected to be conducted through a combination of ground leases and land purchases.
The rest of Item 2
Our Bad Daddy’s restaurants are leased spaces of approximately 3,500 to 4,000 square feet in retail developments located in Alabama, Colorado, Georgia, North Carolina, Oklahoma, South Carolina, and Tennessee. We expect future development to be conducted through the leasing of end-cap spaces in retail developments, ground leases, and or land purchases upon which we would be able to build 3,500 – 4,000 square foot standalone building suitable for restaurants, or if the site characteristics otherwise met our criteria, larger sites where we would be able to construct multi-tenant buildings, where we would be able to occupy a portion of the space with a Bad Daddy’s restaurant and lease other portions of the building to restaurant or non-restaurant tenants.
All of the restaurants are regularly maintained by our repair and maintenance staff as well as by outside contractors, when necessary. We believe that all of our properties are in good condition and that there will be a need for periodic capital expenditures to maintain the operational and aesthetic integrity of our properties for the foreseeable future, including recurring maintenance and periodic capital improvements. All of our properties are covered up to replacement cost under our property and casualty insurance policies and in the opinion of management are adequately covered by insurance. Our restaurants serve as collateral for the Cadence Credit Facility as discussed in the Notes to Consolidated Financial Statements included in this report.
Item 2 of the 10-K filed Dec 29, 2025.4
Leadership
Who has led Good Times Restaurants Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
Chief operating officer
- Chief executive officerRyan M. Zink Nov 20, 2019 to now14
- Chief executive officerBoyd E. Hoback Mar 23, 2006 to Jul 1, 201915
- PresidentRyan M. Zink Aug 12, 2021 to Aug 12, 202116
- PresidentBoyd E. Hoback Mar 23, 2006 to Jul 1, 201915
- Chief financial officerRyan M. Zink Aug 8, 2017 to Mar 13, 202017
- Chief financial officerK. Zielke James May 6, 2015 to May 9, 201718
- Chief operating officerScott Lefever Dec 2, 2014 to Nov 25, 201519
Board members and other officers (24)
- Sr. VP Finance and AccountingKeri August Jan 2, 2024 to now20
- SVP of OperationsDonald L. Stack Feb 10, 2022 to now21
- Sr Vice President of FinanceMatthew Karnes Mar 7, 2022 to Apr 10, 202322
- Vice President of FinanceMargaret E. Regalia May 24, 2021 to May 24, 202123
- Vice President, Franch SalesJames Debolt Oct 11, 2007 to Oct 11, 200724
- VP-MarketingBob Turrill Jan 12, 2006 to Apr 15, 200825
- ControllerSusan M. Knutson Jan 13, 2006 to Dec 22, 202026
- Vice President of OperationsScott Lefever Jan 26, 2006 to Jan 26, 202227
- Board memberRossi Sophia Rivka Jul 26, 2024 to now28
- Board memberJennifer C. Stetson Feb 9, 2022 to Aug 16, 202229
- Board memberRyan M. Zink Sep 30, 2021 to now30
- Board memberJason Maceda May 30, 2018 to now31
- Board memberCharles E. Jobson Aug 16, 2017 to Dec 3, 202132
- Board memberRobert J. Stetson May 12, 2014 to Dec 3, 202133
- Board memberReuven Har-Even Oct 1, 2013 to Oct 1, 201334
- Board memberNeil Calvert Sep 19, 2012 to Jan 3, 201335
- Board memberGary J. Heller Dec 22, 2010 to Nov 27, 201736
- Board memberBoyd E. Hoback Dec 23, 2010 to Jul 1, 201937
- Board memberDavid Dobbin Dec 23, 2010 to Oct 14, 201438
- Board memberKeith A. Radford Dec 23, 2010 to Dec 16, 201139
- Board memberGeoffrey R. Bailey Jan 13, 2006 to Dec 19, 202240
- Board memberAlan A. Teran May 30, 2006 to Nov 27, 201741
- Board memberEric W. Reinhard Dec 22, 2006 to Nov 27, 201742
- Board memberRonald Goodson Dec 22, 2006 to Apr 21, 200943
Former names
- GOOD TIMES RESTAURANTS INCFeb 11, 1994 to Jan 10, 20173
Timeline
- Aug 6, 20268-K Results of operations44
- May 7, 20268-K Results of operations45
- Feb 25, 20268-K Shareholder vote; Other events46
- Feb 5, 20268-K Results of operations47
- Dec 23, 20258-K Results of operations48
- Oct 3, 20258-K Entered a material agreement; New debt or obligation49
- Aug 7, 20258-K Results of operations50
- Jun 6, 20258-K Change of auditor51
- May 8, 20258-K Results of operations52
- Feb 27, 20258-K Executive or director change53
- Feb 26, 20258-K Shareholder vote; Other events54
- Feb 21, 20258-K Executive or director change55
- Nov 20, 2019New chief executive Ryan M. Zink becomes CEO14
- Mar 23, 2006New chief executive Boyd E. Hoback becomes CEO15
Calendar
Coming up
- Around Nov 5, 2026Next results, estimated About a quarter after its last report. The company hasn't announced the date.
When it reported results
- Aug 6, 2026Reported quarterly or annual results44
- May 7, 2026Reported quarterly or annual results45
- Feb 5, 2026Reported quarterly or annual results47
- Dec 23, 2025Reported quarterly or annual results48
- Aug 7, 2025Reported quarterly or annual results50
- May 8, 2025Reported quarterly or annual results52
- Feb 6, 2025Reported quarterly or annual results56
- Dec 12, 2024Reported quarterly or annual results57
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
135 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 57 major events, 48 insider forms, 10 other. The latest 20:
- Aug 6, 202610-Q EDGAR
- Aug 6, 20268-K EDGAR
- May 7, 202610-Q EDGAR
- May 7, 20268-K EDGAR
- Feb 25, 20268-K EDGAR
- Feb 5, 202610-Q EDGAR
- Feb 5, 20268-K EDGAR
- Dec 29, 2025DEF 14A EDGAR
- Dec 29, 202510-K EDGAR
- Dec 23, 20258-K EDGAR
- Nov 12, 20254 EDGAR
- Nov 12, 20254 EDGAR
- Oct 3, 20258-K EDGAR
- Aug 7, 202510-Q EDGAR
- Aug 7, 20258-K EDGAR
- Jun 6, 20258-K EDGAR
- May 27, 20254 PRIMARY DOCUMENT EDGAR
- May 20, 20254 PRIMARY DOCUMENT EDGAR
- May 8, 202510-Q EDGAR
- May 8, 20258-K EDGAR
The 135 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
29 open-market trades by officers, directors and large owners since October 2021: 28 buys and 1 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| May 22, 2025 | Maceda JasonDirector | Buy | 3,800 | $1.58 | $6.0K | Form 4 |
| May 16, 2025 | Maceda JasonDirector | Buy | 1,085 | $1.60 | $1.7K | Form 4 |
| May 5, 2025 | Stack Donald LSr. VP of Operations | Sale | 11,331 | $2.00 | $22.7K | Form 4 |
| Jun 18, 2024 | Zink Ryan MChief Executive Officer | Buy | 1,632 | $2.59 | $4.2K | Form 4 |
| Jun 17, 2024 | Zink Ryan MChief Executive Officer | Buy | 197 | $2.50 | $492 | Form 4 |
| Mar 9, 2023 | Stack Donald LSr. VP of Operations | Buy | 1,570 | $2.83 | $4.4K | Form 4 |
| Mar 8, 2023 | Stack Donald LSr. VP of Operations | Buy | 1,123 | $2.87 | $3.2K | Form 4 |
| Mar 6, 2023 | Stack Donald LSr. VP of Operations | Buy | 502 | $2.89 | $1.5K | Form 4 |
| Mar 3, 2023 | Stack Donald LSr. VP of Operations | Buy | 658 | $2.87 | $1.9K | Form 4 |
| Mar 2, 2023 | Stack Donald LSr. VP of Operations | Buy | 15 | $2.87 | $43 | Form 4 |
| Mar 1, 2023 | Stack Donald LSr. VP of Operations | Buy | 24 | $2.83 | $68 | Form 4 |
| Feb 28, 2023 | Stack Donald LSr. VP of Operations | Buy | 672 | $2.86 | $1.9K | Form 4 |
| Feb 27, 2023 | Stack Donald LSr. VP of Operations | Buy | 1,000 | $2.87 | $2.9K | Form 4 |
| Feb 24, 2023 | Stack Donald LSr. VP of Operations | Buy | 1,880 | $2.84 | $5.3K | Form 4 |
| Feb 23, 2023 | Stack Donald LSr. VP of Operations | Buy | 1,603 | $2.91 | $4.7K | Form 4 |
| Feb 23, 2023 | Stack Donald LSr. VP of Operations | Buy | 1,606 | $2.91 | $4.7K | Form 4 |
| Feb 22, 2023 | Stack Donald LSr. VP of Operations | Buy | 3 | $2.85 | $9 | Form 4 |
| Feb 22, 2023 | Stack Donald LSr. VP of Operations | Buy | 1,000 | $2.90 | $2.9K | Form 4 |
| Feb 21, 2023 | Stack Donald LSr. VP of Operations | Buy | 1,000 | $2.85 | $2.9K | Form 4 |
| Feb 17, 2023 | Stack Donald LSr. VP of Operations | Buy | 17 | $2.86 | $49 | Form 4 |
All 29 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | Ryan M. ZinkPresident, Chief Executive | 47 | $407.7K | $455.9K58 |
| 2025 | Keri A. AugustSenior Vice President of | 50 | $192.1K | $229.5K58 |
| 2025 | Don StackSenior Vice President of | $180.6K | $196.8K58 | |
| 2024 | Officer | $350.0K | $550.5K58 | |
| 2024 | Operations, Good Times Burger and Frozen Custard6 | $243.5K | $327.0K58 | |
| 2024 | Finance and Accounting5 | $131.2K | $227.1K58 |
Funding
Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.
- PPP loans $540.0K
Figures by year
| Year | PPP loans | Total |
|---|---|---|
| 2020 | $540.0K | $540.0K |
PPP loans
Paycheck Protection Program loans of $150,000 and up, approved April 2020 to July 2021, from the SBA59. Matched to this company by name and state.
- Apr 5, 2020$540.0K PPP loan (first draw) from Cadence Bank59To GOOD TIMES RESTAURANTS INC, Lakewood CO; $546.0K forgiven Jun 11, 2021
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Vanguard Capital Management LLC | 401,456 | $566.1K | 0.0% | +6,039 |
| Renaissance Technologies LLC | 241,426 | $340.4K | 0.0% | +18,147 |
| Bridgeway Capital Management, LLC | 159,799 | $225.3K | 0.0% | No change |
| Geode Capital Management, LLC | 76,540 | $108.0K | 0.0% | −345 |
| Empowered Funds, LLC | 57,737 | $81.4K | 0.0% | No change |
| Advyzon Investment Management, LLC | 48,250 | $68.0K | 0.0% | New |
| Gainline Financial Partners, LLC | 48,250 | $68.0K | 0.1% | New |
| Dimensional Fund Advisors LP | 33,263 | $46.9K | 0.0% | −24,349 |
| BlackRock, Inc. | 31,856 | $44.9K | 0.0% | No change |
| Vanguard Fiduciary Trust Co | 31,714 | $44.7K | 0.0% | No change |
| Susquehanna International Group, Llp | 25,600 | $36.1K | 0.0% | −8,587 |
| State Street Corp | 20,619 | $29.1K | 0.0% | No change |
| Northern Trust Corp | 16,434 | $23.2K | 0.0% | +3,905 |
| XTX Topco Ltd | 11,837 | $16.7K | 0.0% | +483 |
| Morgan Stanley | 2,735 | $3.9K | 0.0% | No change |
| Tower Research Capital LLC (TRC) | 2,592 | $3.7K | 0.0% | −3,040 |
| Simplex Trading, LLC | 780 | $1.1K | 0.0% | +727 |
| Arax Advisory Partners | 167 | $236 | 0.0% | No change |
| Jones Financial Companies Lllp | 100 | $139 | 0.0% | No change |
| Acadian Asset Management LLC | 436 | $0 | 0.0% | No change |
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How Good Times Restaurants Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARGood Times Restaurants Inc.1
- CIK0000825324
- Employer ID (EIN)84-11333684
- Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company4
- Incorporated inNevada4
- Fiscal year endsSeptember 291
- Industry code (SIC)5812 Retail-Eating Places1
- SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
- Business address651 Corporate Circle, Suite 200, Golden, CO 804011
- Phone303-384-14401
- Shares outstanding10,557,896 as of Jul 31, 202612
- Public float$20.1M as of Apr 1, 20254
- AuditorBaker Tilly US, LLP, Denver, Colorado PCAOB ID 659; no auditor attestation of internal control over financial reporting4
- On EDGAR sinceFeb 11, 19941
- Filings1,172 in all: 4 (533), 8-K (234), 10-Q (55), 10QSB (39), DEF 14A (30), 3 (26), CORRESP (22), UPLOAD (22)1
All 47 form types
SC 13G/A (20), SC 13D/A (18), 10-K (17), 10KSB (15), DEFA14A (15), 4/A (12), 5 (11), SC 13D (11), S-8 (8), PRE 14A (7), S-1/A (7), EFFECT (6), POS AM (6), S-3/A (6), SC 13G (6), 424B3 (4), S-3 (4), 8-K/A (3), PRER14A (3), SC TO-C (3), SC TO-I/A (3), 10-K/A (2), 10-Q/A (2), 424B1 (2), 5/A (2), DFAN14A (2), NT 10-K (2), S-1 (2), SC TO-I (2), 10KSB/A (1), 10QSB/A (1), 424B5 (1), D (1), DEF 14C (1), DEFR14A (1), NT 10-Q (1), PRES14A (1), REGDEX (1), RW (1)
- Latest filingsAnnual report (10-K) Dec 29, 2025
Quarterly report (10-Q) Aug 6, 2026
Proxy statement (DEF 14A) Dec 29, 2025
Latest 8-K (8-K) Aug 6, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock $.001 par value | GTIM | NASDAQ |
From the cover page of the 10-K filed Dec 29, 2025 (Section 12(b) of the Exchange Act).4
Risk factors and legal proceedings
The risks Good Times Restaurants Inc. names in Item 1A of its 10-K filed Dec 29, 2025: 37 risks under these headings, as written.4
- Risks Related to Our Business
- Our operations are susceptible to the cost of, and changes in, food availability which could adversely affect our operating results.
- Macroeconomic conditions and inflation could affect our operating results.
- Tariffs that are implemented or merely threatened may increase the cost of commodities we purchase for use in our restaurants.
- Price increases may impact customer visits.
- Labor shortages could slow our growth or harm our business.
- Increasingly competitive labor markets and our need to provide additional incentives to remain competitive in our hiring and retention efforts may continue to negatively impact our margins and, if we are unable to staff and retain qualified restaurant management and operating personnel, we may be unable to effectively operate and grow our business and revenues, which could materially adversely affect our financial performance.
- Labor organizing could adversely affect our operations and harm our competitive position in the restaurant industry, which could harm our financial performance.
- The outbreak of, and local, state and federal governmental responses to, pandemics or other future health concerns have previously significantly disrupted and could disrupt our business again in the future, which has and could materially affect our financial condition and operating results.
- The failure of banks where we maintain deposits in excess of the limits insured by FDIC or other government, or quasi-government agencies could materially affect our financial position and operating results.
- International conflicts could disrupt our business and could materially affect our financial condition and operating results.
- We have accumulated losses and cannot guarantee future profits.
The other 26 risks
- If we are unable to continue to increase same store sales at existing restaurants, our ability to attain profitability may be adversely affected.
- New restaurants, when and if opened, may not be profitable, if at all, for several months.
- The hamburger restaurant market is highly competitive.
- Sites for new restaurants may be difficult to acquire.
- Our franchisees could take actions that could harm our business.
- We depend on key management employees.
- Security breaches of confidential customer information in connection with our electronic processing of credit and debit card transactions may adversely affect our business.
- Information technology system failures or breaches of our network security could interrupt our operations and harm our business, financial condition and results of operations.
- We are subject to extensive government regulation that may adversely hinder or impact our ability to govern various aspects of our business including our ability to expand and develop our restaurants.
- Concerns relating to food safety, food-borne illness, pandemics and other diseases could reduce customer traffic to our restaurants, or cause us to be the target of litigation, which could materially adversely affect our financial performance.
- The inability of the company to successfully negotiate extended terms on leases reaching end-of-term may reduce future profitability.
- If we are unable to protect our reputation, the value of our brands and sales at our restaurants may be negatively impacted, which may materially adversely affect our financial performance.
- Ongoing capital expenditures at existing restaurants will require significant capital expenditures and remodel initiatives may not result in increased sales.
- Our ability to succeed with the Bad Daddy’s Burger Bar restaurant concept will require significant capital expenditures and management attention.
- Our growth, including the development of Bad Daddy’s Burger Bar restaurants, may strain our management and infrastructure.
- Bad Daddy’s Burger Bar is subject to all of the risks of a relatively new business, including competition, and there is no guarantee of a return on our capital investment.
- Costs associated with our employee health care programs continue to escalate and we may not be able to fully pass along those cost increases to employees.
- Changes in enforcement practices related to existing immigration laws and/or modified or newly adopted immigration legislation may affect labor markets related to our suppliers or the QSR business segment
- Risks Related to the Ownership of Our Common Stock
- Our business could be negatively affected as a result of significant shareholders or potential shareholders attempting to effect changes or acquire control over our company, which could cause us to incur significant expense, hinder execution of our business strategy and impact the trading value of our securities.
- A future ownership change as defined by Section 382 of the Internal Revenue Code (“IRC”) could limit our ability to utilize tax loss and credit carryforwards to offset our taxable income.
- Future changes in financial accounting standards may cause adverse unexpected operating results and affect our reported results of operations.
- Because we currently qualify as a “smaller reporting company,” our disclosures of non-financial and financial information are less than is required by non-smaller reporting companies.
- The price of our common stock may fluctuate significantly.
- Sales of a substantial number of shares of our common stock in the public market by our existing shareholders could cause our stock price to fall.
- There may be future sales or other dilution of our equity, which may adversely affect the market price of the shares of our common stock and/or dilute the value of shares of our common stock.
- Provisions in our articles of incorporation and bylaws and provisions of Nevada law may prevent or delay an acquisition of our company, which could decrease the trading price of our common stock.
Legal proceedings
There may be various claims in process, matters in litigation, and other contingencies brought against the Company by employees, vendors, customers, franchisees, or other parties. Evaluating these contingencies is a complex process that may involve substantial judgment on the potential outcome of such matters, and the ultimate outcome of such contingencies may differ from our current analysis. We regularly review the adequacy of accruals and disclosures related to such contingent liabilities in consultation with legal counsel. While it is not possible to predict the outcome of these claims with certainty, it is management’s opinion that any reasonably possible losses associated with such contingencies have been adequately accrued or would be immaterial to our financial statements.
The Company was the defendant in a lawsuit styled as White Winston Select Asset Funds, LLC and GT Acquisition Group, Inc. v. Good Times Restaurants, Inc., arising from the failed negotiations between plaintiffs and the Company for the sale of the Good Times Drive Thru subsidiary to plaintiffs. The lawsuit was initially filed on September 24, 2019, in Delaware Chancery Court, and the Company removed the case to federal court in the US District Court for the District of Delaware on November 5, 2019. On July 30, 2021, the plaintiffs moved the Court for leave to amend their complaint and add new causes of action and a claim for $18 million in damages. On January 25, 2023, the Court rendered judgment dismissing the plaintiffs’ claims in their entirety and denying all of the requested relief.
The opening of Item 3, Legal Proceedings.4
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 16SEC EDGARRyan M. Zink, President
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- 21SEC EDGARDonald L. Stack, SVP of Operations
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- 25SEC EDGARBob Turrill, VP-Marketing
- 26SEC EDGARSusan M. Knutson, Controller
- 27
- 28SEC EDGARRossi Sophia Rivka, Board member
- 29SEC EDGARJennifer C. Stetson, Board member
- 30SEC EDGARRyan M. Zink, Board member
- 31SEC EDGARJason Maceda, Board member
- 32SEC EDGARCharles E. Jobson, Board member
- 33SEC EDGARRobert J. Stetson, Board member
- 34SEC EDGARReuven Har-Even, Board member
- 35SEC EDGARNeil Calvert, Board member
- 36SEC EDGARGary J. Heller, Board member
- 37SEC EDGARBoyd E. Hoback, Board member
- 38SEC EDGARDavid Dobbin, Board member
- 39SEC EDGARKeith A. Radford, Board member
- 40SEC EDGARGeoffrey R. Bailey, Board member
- 41SEC EDGARAlan A. Teran, Board member
- 42SEC EDGAREric W. Reinhard, Board member
- 43SEC EDGARRonald Goodson, Board member
- 44SEC EDGARResults of operations
- 45SEC EDGARResults of operations
- 46SEC EDGARShareholder vote; Other events
- 47SEC EDGARResults of operations
- 48SEC EDGARResults of operations
- 49
- 50SEC EDGARResults of operations
- 51SEC EDGARChange of auditor
- 52SEC EDGARResults of operations
- 53SEC EDGARExecutive or director change
- 54SEC EDGARShareholder vote; Other events
- 55SEC EDGARExecutive or director change
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