How Shake Shack makes money

Period

FY2025

How does Shake Shack make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

Shake Shack Inc. · FY2025 · year ended 2025-12-31

Revenue$1.4BGross profit$1.4B · 100%Cost of revenue$0 · 0%Operating income$69M · 5%Operating expenses$1.4B · 96%SG&A$176M · 12%Other opex$1.2B · 83%Net income$46M · 3%Income tax$23M · 2%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.