Shake Shack Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Apr '26 Apr 1, 2026	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	1,491	1,445	1,253	1,088	900.49	739.89
Revenue Growth (YoY)	16.22%	15.38%	15.18%	20.77%	21.70%	41.51%
Cost of Revenue	1,110	1,077	950.14	838.59	717.1	594.64
Gross Profit	381.12	368.59	302.47	248.94	183.39	145.26
Selling, General & Admin	189.2	176.23	149.05	129.54	120.01	87.2
Depreciation & Amortization Expenses	109.18	106.6	102.47	91.24	72.8	58.99
Other Operating Expenses	25.71	23.25	47.92	22.24	17.48	14.92
Total Operating Expenses	324.09	306.08	299.43	243.02	210.28	161.11
Operating Income	57.03	62.51	3.04	5.92	-26.89	-15.85
Interest Expense	-2.14	-2.16	-2.05	-1.72	-1.52	-1.58
Other Non-Operating Income (Expense)	12.03	12.26	13.25	12.78	4.13	0.1
Total Non-Operating Income (Expense)	9.89	10.1	11.21	11.06	2.61	-1.48
Pretax Income	66.92	72.61	14.24	16.98	-24.29	-17.34
Provision for Income Taxes	22.02	22.9	3.42	-4.01	-1.18	-11.32
Net Income	41.19	45.73	10.21	20.26	-21.23	-4.56
Minority Interest in Earnings	-3.71	-3.98	-0.61	-0.73	1.88	1.46
Net Income to Common	41.19	45.73	10.21	20.26	-21.23	-4.56
Net Income Growth	231.86%	347.98%	-49.63%	-	-	-
Shares Outstanding (Basic)	40	40	40	39	39	38
Shares Outstanding (Diluted)	41	42	44	44	39	38
Shares Change (YoY)	0.35%	-5.33%	0.69%	11.88%	3.23%	2.78%
EPS (Basic)	1.02	1.14	0.26	0.51	-0.54	-0.12
EPS (Diluted)	0.98	1.09	0.24	0.48	-0.54	-0.12
EPS Growth	250.00%	354.17%	-50.00%	-	-	-
Shares Outstanding	40.35	40.25	40.07	39.47	39.29	39.14
Free Cash Flow	15.93	56.51	35.66	-14.03	-65.82	-43.09
Free Cash Flow Growth	-71.80%	58.48%	-	-	-	-
Free Cash Flow Per Share	0.38	1.35	0.81	-0.32	-1.68	-1.13
Gross Margin	25.56%	25.50%	24.15%	22.89%	20.37%	19.63%
Operating Margin	3.82%	4.32%	0.24%	0.54%	-2.99%	-2.14%
Profit Margin	3.01%	3.44%	0.86%	1.93%	-2.57%	-0.81%
FCF Margin	1.07%	3.91%	2.85%	-1.29%	-7.31%	-5.82%
EBITDA	168.3	171.3	107.64	98.96	47.4	44.38
EBITDA Margin	11.29%	11.85%	8.59%	9.10%	5.26%	6.00%
EBIT	57.03	62.51	3.04	5.92	-26.89	-15.85
EBIT Margin	3.82%	4.32%	0.24%	0.54%	-2.99%	-2.14%
Effective Tax Rate	32.91%	31.54%	24.04%	-23.62%	4.86%	65.29%

Updated May 7, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q