SHAK · XBRL financial data
Shake Shack financial statements, every quarter
The same tables from 12 filings, lined up. Matched by XBRL tag: renamed lines keep their history.
How these numbers work
- Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
- Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
- * marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
- 0 means a filing states zero; a dash (—) means no filing states that number.
- “year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
- Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
- Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
- Shares outstanding come from each filing's cover page, as of the date printed there.
- Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.
Income statement
CSVFiscal quarters (SHAK's year ends in late December)
| In millions of dollars | Sep 27, 2023 | Dec 27, 2023 | Mar 27, 2024 | Jun 26, 2024 | Sep 25, 2024 | Dec 25, 2024 | Mar 26, 2025 | Jun 25, 2025 | Sep 24, 2025 | Dec 31, 2025 | Apr 1, 2026 | Jul 1, 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from contracts with customers | 276 | 286* | 291 | 316 | 317 | 329* | 321 | 356 | 367 | 401* | 367 | 418 |
| General and administrative | 31 | 36* | 36 | 36 | 36 | 41* | 41 | 41 | 44 | 51* | 54 | 48 |
| Total operating expenses | 271 | 288* | 290 | 306 | 335 | 318* | 318 | 334 | 349 | 382* | 369 | 397 |
| Operating income (loss) | 6 | (1)* | 0 | 11 | (18) | 10* | 3 | 22 | 19 | 19* | (3) | 21 |
| Interest income | — | year only | 1 | 0 | 0 | (0)* | 0 | 0 | 0 | 0* | 0 | 0 |
| Interest expense | 0 | 0* | 1 | 1 | 0 | 1* | 1 | 1 | 1 | 1* | 1 | 1 |
| Other income (expense) | 3 | 3* | 3 | 3 | 4 | 3* | 3 | 3 | 3 | 3* | 3 | 3 |
| Income tax expense (benefit) | 1 | (6)* | 1 | 3 | (4) | 4* | 1 | 6 | 7 | 9* | (0) | 6 |
| Net income (loss) | 8 | 7* | 2 | 10 | (10) | 9* | 4 | 17 | 13 | 12* | (0) | 16 |
| Earnings per share, basic USD per share | 0.19 | 0.18* | 0.05 | 0.24 | (0.26) | 0.22* | 0.11 | 0.43 | 0.31 | 0.29* | (0.01) | 0.39 |
| Earnings per share, diluted USD per share | 0.19 | 0.15* | 0.05 | 0.23 | (0.26) | — | 0.10 | 0.41 | 0.30 | 0.28* | (0.01) | 0.37 |
| Weighted average shares, basic millions of shares | 39 | 39* | 40 | 40 | 40 | 40* | 40 | 40 | 40 | 40* | 40 | 40 |
| Weighted average shares, diluted millions of shares | 44 | 48* | 41 | 41 | 40 | 54* | 42 | 42 | 42 | 42* | 40 | 42 |
Balance sheet
CSVFiscal quarters (SHAK's year ends in late December)
| In millions of dollars | Sep 27, 2023 | Dec 27, 2023 | Mar 27, 2024 | Jun 26, 2024 | Sep 25, 2024 | Dec 25, 2024 | Mar 26, 2025 | Jun 25, 2025 | Sep 24, 2025 | Dec 31, 2025 | Apr 1, 2026 | Jul 1, 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | 190 | 225 | 260 | 302 | 311 | 321 | 313 | 337 | 358 | 360 | 314 | 308 |
| Short-term investments | 95 | 69 | 25 | 3 | 0 | 0 | — | — | — | — | — | — |
| Marketable securities | 95 | — | — | — | — | — | — | — | — | — | — | — |
| Accounts receivable | 14 | 17 | 14 | 16 | 17 | 20 | 18 | 21 | 21 | 33 | 29 | 35 |
| Inventory | 5 | 5 | 5 | 5 | 5 | 6 | 5 | 6 | 6 | 7 | 7 | 7 |
| Prepaid and other current assets | 20 | 19 | 22 | 20 | 21 | 22 | 28 | 27 | 30 | 30 | 44 | 44 |
| Total current assets | 323 | 334 | 326 | 346 | 354 | 368 | 365 | 391 | 415 | 430 | 394 | 394 |
| Property and equipment, net | 526 | 531 | 538 | 545 | 545 | 552 | 562 | 577 | 598 | 626 | 649 | 673 |
| Right-of-use asset | 398 | 398 | 410 | 420 | 420 | 425 | 443 | 454 | 468 | 507 | 539 | 552 |
| Total assets | 1,565 | 1,606 | 1,619 | 1,662 | 1,675 | 1,697 | 1,727 | 1,775 | 1,827 | 1,896 | 1,918 | 1,950 |
| Accounts payable | 21 | 22 | 15 | 19 | 16 | 24 | 21 | 21 | 24 | 25 | 27 | 24 |
| Accrued liabilities | 48 | 55 | 57 | 56 | 66 | 63 | 71 | 80 | 94 | 103 | 95 | 92 |
| Total current liabilities | 152 | 164 | 161 | 168 | 176 | 187 | 191 | 204 | 225 | 245 | 233 | 236 |
| Lease liability, non-current | 463 | 465 | 477 | 488 | 499 | 494 | 515 | 526 | 540 | 575 | 609 | 622 |
| Total liabilities | 1,123 | 1,136 | 1,147 | 1,175 | 1,196 | 1,203 | 1,230 | 1,256 | 1,292 | 1,342 | 1,363 | 1,379 |
| Retained earnings (accumulated deficit) | (7) | 17 | 19 | 28 | 18 | 27 | 31 | 48 | 61 | 73 | 72 | 88 |
| Total stockholders' equity | 416 | 443 | 446 | 462 | 456 | 470 | 473 | 494 | 509 | 525 | 526 | 544 |
| Total liabilities and equity | 1,565 | 1,606 | 1,619 | 1,662 | 1,675 | 1,697 | 1,727 | 1,775 | 1,827 | 1,896 | 1,918 | 1,950 |
Cash flows
CSVFiscal quarters (SHAK's year ends in late December)
| In millions of dollars | Sep 27, 2023 | Dec 27, 2023 | Mar 27, 2024 | Jun 26, 2024 | Sep 25, 2024 | Dec 25, 2024 | Mar 26, 2025 | Jun 25, 2025 | Sep 24, 2025 | Dec 31, 2025 | Apr 1, 2026 | Jul 1, 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (loss) | 8 | 7* | 2 | 10 | (10) | 9* | 4 | 17 | 13 | 12* | (0) | 16 |
| Stock-based compensation | 3* | 4* | 4 | 4* | 4* | 4* | 5 | 5* | 4* | 5* | 5 | 4* |
| Depreciation and amortization | 23* | 25* | 25 | 25* | 26* | 26* | 27 | 27* | 27* | 26* | 29 | 31* |
| Net cash from operating activities | 28* | 42* | 31 | 54* | 42* | 45* | 31 | 65* | 63* | 63* | 8 | 57* |
| Purchases of property and equipment | 38* | 33* | 33 | 33* | 35* | 35* | 29 | 38* | 39* | 59* | 47 | 58* |
| Net cash from investing activities | (41)* | (6)* | 11 | (11)* | (32)* | (35)* | (29) | (38)* | (39)* | (59)* | (47) | (58)* |
| Net cash from financing activities | (1)* | (1)* | (6) | (1)* | (1)* | (1)* | (10) | (3)* | (3)* | (2)* | (8) | (5)* |
| Net change in cash | (14)* | 35* | 36 | 42* | 9* | 10* | (8) | 24* | 21* | 2* | (46) | (6)* |
Compare with peers
SIC 5810 and related industry codes, similar size. Each row is the latest quarter reported.
How peers are chosen
- SIC 5810 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
- Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
- * marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
- A cell reading “not reported” means the filings give no figure for that quarter alone.
| Company | Cash ($M) | Revenue, quarter ($M) | Operating cash flow, quarter ($M) | Shares outstanding | Quarter |
|---|---|---|---|---|---|
| Shake Shack | 308 | 418 | 57* | not reported | 10-QJul 1, 2026 |
| Brinker International | 31 | 1,476 | 169 | 41.5M | 10-QSep 23, 2026 |
| Jack in the Box | 46 | 258 | not reported | 19.2M | 10-QJul 5, 2026 |
| Dutch Bros | 269 | 551 | 112* | not reported | 10-QJun 30, 2026 |
| Cheesecake Factory | 249 | 1,033 | 125* | 49.9M | 10-QSep 29, 2026 |
| Cava Group | 323 | 368 | 70* | 116.8M | 10-QJul 12, 2026 |
| Aramark | 499 | not reported | 117* | 263.6M | 10-QJul 3, 2026 |
| Wingstop | 105 | 185 | 61* | 27.1M | 10-QSep 26, 2026 |
| Jersey Mike's Subs | 295 | 209 | not reported | not reported | 10-QSep 27, 2026 |
Not investment advice. Not affiliated with the U.S. SEC.