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Shake Shack, Inc. (SHAK)

NYSE Consumer Discretionary Restaurants S&P SmallCap 600
$71.89
+2.07 (+2.96%)
Close of Nov 06, 2026 · end-of-day data
Source: Shake Shack, Inc.'s 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 06, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue$268.48M$358.81M$459.31M$594.52M$522.87M$739.89M$900.49M$1.09B$1.25B$1.45B
Operating income$27.80M$33.81M$31.71M$25.68M-$43.88M-$15.85M-$26.89M$5.92M$3.04M$62.51M
Interest expense$374.00K$1.64M$2.42M$434.00K$815.00K$1.58M$1.52M$1.72M$2.04M$2.16M
Pre-tax income$28.50M$160.29M$30.81M$27.51M-$45.48M-$17.34M-$24.29M$16.98M$14.24M$72.61M
Income tax$6.35M$151.41M$8.86M$3.39M$57.00K-$11.32M-$1.18M-$4.01M$3.42M$22.90M
Net income$12.45M-$320.00K$15.18M$19.83M-$42.16M-$4.56M-$21.23M$20.26M$10.21M$45.73M
EBITDA$42.31M$55.52M$60.71M$66.08M$4.92M$43.14M$45.90M$97.16M$105.51M$169.11M
EPS (basic)$0.54$-0.01$0.54$0.63$-1.14$-0.12$-0.54$0.51$0.26$1.14
EPS (diluted)$0.53$-0.01$0.52$0.61$-1.14$-0.12$-0.54$0.48$0.24$1.09
Diluted shares23.45M25.88M29.18M32.25M37.13M39.09M39.24M43.90M44.20M41.85M
Operating margin10.4%9.4%6.9%4.3%-8.4%-2.1%-3.0%0.5%0.2%4.3%
Net margin4.6%-0.1%3.3%3.3%-8.1%-0.6%-2.4%1.9%0.8%3.2%

Balance sheet

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents$11.61M$21.51M$24.75M$37.10M$146.87M$302.41M$230.52M$224.65M$320.71M$360.12M
Short-term investments$62.04M$63.04M$62.11M$36.51M$36.89M$80.00M$80.71M$68.56M$0—
Receivables$6.01M$5.64M$10.52M$9.97M$9.46M$13.66M$13.88M$16.85M$19.69M$32.96M
Inventory$806.00K$1.26M$1.75M$2.22M$2.89M$3.85M$4.18M$5.40M$6.01M$7.18M
Total current assets$83.94M$93.20M$101.12M$87.67M$203.19M$409.68M$343.99M$334.43M$368.22M$430.35M
Total assets$538.19M$470.61M$610.53M$968.27M$1.15B$1.47B$1.51B$1.61B$1.70B$1.90B
Total current liabilities$31.72M$34.02M$59.95M$99.39M$109.70M$121.50M$147.72M$164.07M$187.31M$244.92M
Long-term debt$0——$0$0$243.54M$244.59M$245.64M$246.68M$247.73M
Total debt$0——$0$0$243.54M$244.59M$245.64M$246.68M$247.73M
Total liabilities$336.84M$246.13M$337.08M$646.28M$710.86M$1.02B$1.08B$1.14B$1.20B$1.34B
Shareholders' equity$152.19M$169.49M$226.07M$298.82M$407.32M$409.54M$412.20M$443.42M$470.02M$525.33M

Cash flow

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow$54.28M$70.88M$85.39M$89.86M$37.35M$58.40M$76.74M$132.14M$171.16M$222.35M
Capital expenditures$54.43M$61.53M$87.53M$106.51M$69.04M$101.50M$142.56M$146.17M$135.50M$165.85M
Free cash flow-$148.00K$9.35M-$2.13M-$16.65M-$31.69M-$43.09M-$65.82M-$14.03M$35.66M$56.51M
Investing cash flow-$114.76M-$61.94M-$86.60M-$80.69M-$69.40M-$144.89M-$143.42M-$132.32M-$66.08M-$165.85M
Financing cash flow$1.23M$965.00K$4.45M$3.18M$141.82M$242.02M-$5.20M-$5.68M-$9.02M-$17.10M
Stock-based compensation$5.35M$5.62M$6.14M$7.50M$5.56M$8.70M$13.33M$14.89M$15.91M$19.50M
Depreciation & amortization$14.50M$21.70M$29.00M$40.39M$48.80M$58.99M$72.80M$91.24M$102.47M$106.60M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.