Jersey Mike’s Subs Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Year Ending	TTM	Dec '25 Dec 28, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Revenue	742	696	653	561
Revenue Growth (YoY)	-	6.59%	16.40%	-
Gross Profit	742	696	653	561
Selling, General & Admin	-	421	569	470
Other Operating Expenses	0	124	40	34
Operating Expenses	-	545	609	504
Operating Income	134	151	44	57
Interest Expense (Income)	104	90	38	35
Other Expense (Income)	8	1	-	-
Pretax Income	22	60	6	22
Income Tax	1	1	1	1
Net Income	21	59	5	21
Net Income Growth	-	1080.00%	-76.19%	-
Free Cash Flow	175	-221	-17	59
Gross Margin	100.00%	100.00%	100.00%	100.00%
Operating Margin	18.06%	21.70%	6.74%	10.16%
Profit Margin	2.83%	8.48%	0.77%	3.74%
Free Cash Flow Margin	23.59%	-31.75%	-2.60%	10.52%
Effective Tax Rate	4.54%	1.67%	16.67%	4.54%
EBITDA	242	262	58	71
EBITDA Margin	32.62%	37.64%	8.88%	12.66%
Depreciation & Amortization	116	112	14	14
EBIT	126	150	44	57
EBIT Margin	16.98%	21.55%	6.74%	10.16%