SHAK
$69.74-2.96%
Shake Shack Inc.Stock · Consumer DiscretionaryRussell 2000 · 0.07% of IWMUS Stock Market · 0.003% of VTIRussell 3000 · 0.003% of IWV
SHAK financial statements
The full income statement, balance sheet, and cash-flow statement for Shake Shack Inc. (SHAK), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 41.5M2024-09 40.0M2024-12 44.3M2025-03 41.9M2025-06 41.8M2025-09 41.9M2025-12 41.8M2026-04 42.8M2026-07 42.8M+3.2% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
PeriodRangeOrderChangeFiguresAs-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 25 ’24 | as ofDec 27 ’23 | as ofDec 28 ’22 | as ofDec 29 ’21 | |
| Revenue | 1.45B+15.4% | 1.25B+15.2% | 1.09B+20.8% | 900M+21.7% | 740M+41.5% | |
| 1.38B+10.7% | 1.25B+15.5% | 1.08B+16.6% | 927M+22.7% | 756M+33.3% | ||
| Selling, general & administrative | 176M+18.2% | 149M+15.1% | 130M+7.9% | 120M+37.6% | 87.2M+35.7% | |
| General & administrative | 176M+18.2% | 149M+15.1% | 130M+7.9% | 120M+37.6% | 87.2M+35.7% | |
| Operating income | 62.5M+1957.5% | 3.04M-48.7% | 5.92M+122.0% | -26.9M-69.6% | -15.9M+63.9% | |
| Interest expense | 2.16M+5.6% | 2.04M+19.1% | 1.72M+13.1% | 1.52M-3.7% | 1.58M+93.5% | |
| Interest & investment income | 165K-78.3% | 761K-68.8% | 2.44M | 0.00 | — | |
| Other non-operating income | 12.3M-7.5% | 13.3M+3.7% | 12.8M+209.6% | 4.13M+4244.2% | 95.0K+112.1% | |
| Gain (loss) on equity securities | — | 0.00 | 0.00+100.0% | -158K+43.0% | -277K | |
| Pre-tax income | 72.6M+409.8% | 14.2M-16.1% | 17.0M+169.9% | -24.3M-40.1% | -17.3M+61.9% | |
| Income tax | 22.9M+568.9% | 3.42M+185.4% | -4.01M-239.8% | -1.18M+89.6% | -11.3M-19956.1% | |
| 45.7M+348.0% | 10.2M-49.6% | 20.3M+195.5% | -21.2M-365.4% | -4.56M+89.2% | ||
| Net income to non-controlling interest | 3.98M+549.4% | 613K-15.6% | 726K+138.7% | -1.88M-28.8% | -1.46M+56.9% | |
| Net income to common | 45.7M+348.0% | 10.2M-49.6% | 20.3M+195.5% | -21.2M-365.4% | -4.56M | |
| $1.09+354.2% | $0.24-50.0% | $0.48+188.9% | -$0.54-350.0% | -$0.12+89.5% | ||
| EPS (basic) | $1.14+338.5% | $0.26-49.0% | $0.51+194.4% | -$0.54-350.0% | -$0.12+89.5% | |
| Weighted-avg shares (basic) | 40.2M+1.0% | 39.8M+1.0% | 39.4M+0.5% | 39.2M+0.4% | 39.1M+5.3% | |
| Weighted-avg shares (diluted) | 41.8M-5.3% | 44.2M+0.7% | 43.9M+11.9% | 39.2M+0.4% | 39.1M+5.3% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 25 ’24 | as ofDec 27 ’23 | as ofDec 28 ’22 | as ofDec 29 ’21 | |
| 430M+16.9% | 368M+10.1% | 334M-2.8% | 344M-16.0% | 410M+101.6% | ||
| Cash & equivalents | 360M+12.3% | 321M+42.8% | 225M-2.5% | 231M-23.8% | 302M+105.9% | |
| Short-term investments | — | 0.00-100.0% | 68.6M-15.0% | 80.7M+0.9% | 80.0M+116.9% | |
| Accounts receivable | 33.0M+67.4% | 19.7M+16.9% | 16.8M+21.4% | 13.9M+1.6% | 13.7M+44.3% | |
| Inventory | 7.18M+19.4% | 6.01M+11.3% | 5.40M+29.2% | 4.18M+8.7% | 3.85M+33.3% | |
| Prepaid expenses | 30.1M+38.0% | 21.8M+14.9% | 19.0M+29.0% | 14.7M+50.6% | 9.76M+38.0% | |
| 1.90B+11.7% | 1.70B+5.7% | 1.61B+6.2% | 1.51B+2.7% | 1.47B+28.5% | ||
| Property, plant & equipment | 626M+13.5% | 552M+3.9% | 531M+13.7% | 467M+19.9% | 389M+15.7% | |
| Operating lease right-of-use | 507M+19.5% | 425M+6.6% | 398M+8.4% | 367M+5.8% | 347M+13.4% | |
| Deferred tax assets | 322M-5.6% | 342M+4.7% | 326M+2.7% | 318M+1.5% | 313M+9.0% | |
| Other non-current assets | 10.4M-5.3% | 11.0M-31.2% | 15.9M+0.7% | 15.8M+25.9% | 12.6M+2.2% | |
| 245M+30.8% | 187M+14.2% | 164M+11.1% | 148M+21.6% | 121M+10.7% | ||
| Accounts payable | 24.7M+4.8% | 23.6M+6.0% | 22.3M+9.1% | 20.4M+2.3% | 19.9M-15.1% | |
| Accrued liabilities | 103M+64.0% | 63.0M+15.1% | 54.7M+14.2% | 47.9M+30.0% | 36.9M+42.3% | |
| Deferred revenue | 1.93M+15.7% | 1.67M+39.8% | 1.19M+23.0% | 969K+27.0% | 763K+25.5% | |
| Current lease liability | 63.6M+14.0% | 55.7M+13.7% | 49.0M+16.0% | 42.2M+18.9% | 35.5M-0.4% | |
| Other current liabilities | 27.8M+42.2% | 19.5M+14.2% | 17.1M-12.5% | 19.6M+34.8% | 14.5M+2.1% | |
| Finance lease liability (current) | 5.96M+45.8% | 4.09M+19.0% | 3.44M+34.9% | 2.55M-6.1% | 2.71M+35.7% | |
| 1.34B+11.6% | 1.20B+5.9% | 1.14B+5.7% | 1.08B+5.2% | 1.02B+43.8% | ||
| Long-term debt | 248M+0.4% | 247M+0.4% | 246M+0.4% | 245M+0.4% | 244M | |
| Deferred revenue (non-current) | 19.2M+12.3% | 17.1M-0.6% | 17.2M+19.6% | 14.3M+13.2% | 12.7M+4.3% | |
| Non-current lease liability | 575M+16.3% | 494M+6.5% | 465M+8.7% | 427M+6.8% | 400M+16.4% | |
| Operating lease liability (total) | 621M+15.5% | 537M+7.2% | 501M+9.2% | 459M+7.3% | 428M+12.8% | |
| Finance lease liability (total) | 15.7M+23.6% | 12.7M+4.5% | 12.2M+90.6% | 6.38M-9.1% | 7.01M+25.6% | |
| Finance lease liability | 9.74M+13.1% | 8.62M-1.2% | 8.72M+123.1% | 3.91M-9.2% | 4.30M+20.0% | |
| Other non-current liabilities | 30.2M+8.5% | 27.8M+4.5% | 26.6M+28.8% | 20.7M-9.2% | 22.8M-6.9% | |
| 525M+11.8% | 470M+6.0% | 443M+7.6% | 412M+0.7% | 410M+0.5% | ||
| Preferred stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Additional paid-in capital | 453M+2.2% | 443M+3.8% | 427M+2.6% | 416M+2.4% | 406M+2.8% | |
| Retained earnings | 72.7M+169.5% | 27.0M+60.8% | 16.8M+581.1% | -3.49M-119.7% | 17.7M+45.3% | |
| Accumulated other comprehensive income | -1.00K+0.0% | -1.00K+66.7% | -3.00K | 0.00-100.0% | 1.00K-66.7% | |
| Non-controlling interest | 28.4M+20.4% | 23.6M-9.0% | 26.0M+5.4% | 24.6M-5.5% | 26.1M-4.1% | |
| Total equity incl. non-controlling | 554M+12.2% | 494M+5.2% | 469M+7.4% | 437M-2.9% | 450M+1.2% | |
| Total liabilities & equity | 1.90B+11.7% | 1.70B+5.7% | 1.61B+6.2% | 1.51B+2.7% | 1.47B+28.5% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 25 ’24 | as ofDec 27 ’23 | as ofDec 28 ’22 | as ofDec 29 ’21 | |
| 222M+29.9% | 171M+29.5% | 132M+72.2% | 76.7M+31.4% | 58.4M+56.4% | ||
| Depreciation & amortization | 107M+4.0% | 102M+12.3% | 91.2M+25.3% | 72.8M+23.4% | 59.0M+20.9% | |
| Share-based compensation | 19.5M+22.5% | 15.9M+6.9% | 14.9M+11.7% | 13.3M+53.1% | 8.70M+56.5% | |
| Deferred income taxes | 16.6M+1676.5% | -1.05M+88.4% | -9.07M-81.0% | -5.01M+65.4% | -14.5M-967.3% | |
| Change in receivables | 9.55M+236.2% | 2.84M-4.4% | 2.97M+132.5% | -9.14M-318.0% | 4.19M+516.8% | |
| Change in inventory | 1.17M+91.5% | 610K-50.0% | 1.22M+265.3% | 334K-65.3% | 962K+44.2% | |
| Change in payables | -1.53M-145.5% | 3.36M+388.5% | 687K-80.6% | 3.54M+154.9% | -6.45M-239.4% | |
| -166M-151.0% | -66.1M+50.1% | -132M+7.7% | -143M+1.0% | -145M-108.8% | ||
| Capital expenditure | 166M+22.4% | 135M-7.3% | 146M+2.5% | 143M+40.5% | 101M+47.0% | |
| Free cash flow | 56.5M+58.5% | 35.7M+354.2% | -14.0M+78.7% | -65.8M-52.7% | -43.1M-36.0% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| -17.1M-89.6% | -9.02M-58.6% | -5.68M-9.3% | -5.20M-102.1% | 242M+70.7% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00-100.0% | |
| Common stock repurchased | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| FX effect on cash | 0.00-100.0% | 2.00K+166.7% | -3.00K-200.0% | -1.00K+50.0% | -2.00K | |
| Net change in cash | 39.4M-59.0% | 96.1M+1737.0% | -5.87M+91.8% | -71.9M-146.2% | 156M+41.7% | |
| Income taxes paid | 4.26M-34.8% | 6.53M+61.0% | 4.06M+8.7% | 3.73M+32.9% | 2.81M+74.2% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 25 ’24 | as ofDec 27 ’23 | as ofDec 28 ’22 | as ofDec 29 ’21 | |
| Market cap | 3.40B-35.7% | 5.28B+58.3% | 3.34B+99.6% | 1.67B-8.3% | 1.82B-44.2% | |
| P/E | 74.3×-87.7% | 605.8×+267.9% | 164.7× | — | — | |
| P/S | 2.3×-46.2% | 4.4×+42.3% | 3.1×+65.3% | 1.9×-24.6% | 2.5×-60.6% | |
| P/B | 6.5×-44.2% | 11.6×+53.9% | 7.5×+85.6% | 4.1×-8.9% | 4.5×-44.5% | |
| P/FCF | 60.1×-61.7% | 156.8× | — | — | — | |
| Earnings yield | 1.3%+715.8% | 0.17%-72.8% | 0.61% | — | — | |
| FCF yield | 1.7%+161.0% | 0.64% | — | — | — | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: SHAK’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all SHAK filings on SEC EDGAR → Not investment advice.