Shake Shack Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 25, 2024	Dec '23 Dec 27, 2023	Dec '22 Dec 28, 2022	Dec '21 Dec 29, 2021
Revenue	1,445	1,253	1,088	900.49	739.89
Revenue Growth (YoY)	15.38%	15.18%	20.77%	21.70%	41.51%
Cost of Revenue	1,077	950.14	838.59	717.1	594.64
Gross Profit	368.59	302.47	248.94	183.39	145.26
Selling, General & Admin	176.23	149.05	129.54	120.01	87.2
Depreciation & Amortization Expenses	106.6	102.47	91.24	72.8	58.99
Other Operating Expenses	23.25	47.92	22.24	17.48	14.92
Total Operating Expenses	306.08	299.43	243.02	210.28	161.11
Operating Income	62.51	3.04	5.92	-26.89	-15.85
Interest Expense	-2.16	-2.05	-1.72	-1.52	-1.58
Other Non-Operating Income (Expense)	12.26	13.25	12.78	4.13	0.1
Total Non-Operating Income (Expense)	10.1	11.21	11.06	2.61	-1.48
Pretax Income	72.61	14.24	16.98	-24.29	-17.34
Provision for Income Taxes	22.9	3.42	-4.01	-1.18	-11.32
Net Income	45.73	10.21	20.26	-21.23	-4.56
Minority Interest in Earnings	-3.98	-0.61	-0.73	1.88	1.46
Net Income to Common	45.73	10.21	20.26	-21.23	-4.56
Net Income Growth	347.98%	-49.63%	-	-	-
Shares Outstanding (Basic)	40	40	39	39	38
Shares Outstanding (Diluted)	42	44	44	39	38
Shares Change (YoY)	-5.33%	0.69%	11.88%	3.23%	2.78%
EPS (Basic)	1.14	0.26	0.51	-0.54	-0.12
EPS (Diluted)	1.09	0.24	0.48	-0.54	-0.12
EPS Growth	354.17%	-50.00%	-	-	-
Free Cash Flow	56.51	35.66	-14.03	-65.82	-43.09
Free Cash Flow Growth	58.48%	-	-	-	-
Free Cash Flow Per Share	1.35	0.81	-0.32	-1.68	-
Gross Margin	25.50%	24.15%	22.89%	20.37%	19.63%
Operating Margin	4.32%	0.24%	0.54%	-2.99%	-2.14%
Profit Margin	3.44%	0.86%	1.93%	-2.57%	-0.81%
FCF Margin	3.91%	2.85%	-1.29%	-7.31%	-5.82%
EBITDA	171.3	107.64	98.96	47.4	44.38
EBITDA Margin	11.85%	8.59%	9.10%	5.26%	6.00%
EBIT	62.51	3.04	5.92	-26.89	-15.85
EBIT Margin	4.32%	0.24%	0.54%	-2.99%	-2.14%
Effective Tax Rate	31.54%	24.04%	-23.62%	4.86%	65.29%

Updated Feb 26, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q