Jersey Mike’s Subs Inc. (JMKE)

Jersey Mike’s Subs will go public soon. The estimated IPO date is July 30, 2026.

IPO Price Range

$21.00 - $25.00

Shares Offered

43,478,261

Deal Size

$1.00B

Jersey Mike’s Subs Financials Overview

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023
Period Ending	Mar '26 Mar 29, 2026	Dec '25 Dec 28, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Revenue	742	696	653	561
Revenue Growth	-	6.59%	16.40%	-
Gross Profit	742	696	653	561
Operating Income	134	151	44	57
Net Income	21	59	5	21

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023
Period Ending	Mar '26 Mar 29, 2026	Dec '25 Dec 28, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Cash & Investments	276	246	843	0
Total Debt	2,099	2,084	1,771	-
Net Cash (Debt)	-1,823	-1,838	-928	0
Net Cash Growth	-	-	-	-

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023
Period Ending	Mar '26 Mar 29, 2026	Dec '25 Dec 28, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Operating Cash Flow	185	-210	38	67
Capital Expenditures	-10	-11	-55	-8
Free Cash Flow	175	-221	-17	59
Free Cash Flow Growth	-	-	-	-

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023
Period Ending	Mar '26 Mar 29, 2026	Dec '25 Dec 28, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Gross Margin	100.00%	100.00%	100.00%	100.00%
Operating Margin	18.06%	21.70%	6.74%	10.16%
Pretax Margin	2.96%	8.62%	0.92%	3.92%
Profit Margin	2.83%	8.48%	0.77%	3.74%
FCF Margin	23.59%	-31.75%	-2.60%	10.52%