Shake Shack financials
$57.88+0.63%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q2 '26 Jul 1 | Q1 '26 Apr 1 | Q4 '25 Dec 31 | Q3 '25 Sep 24 | Q2 '25 Jun 25 | Q1 '25 Mar 26 | Q4 '24 Dec 25 | Q3 '24 Sep 25 | Q2 '24 Jun 26 | Q1 '24 Mar 27 | Q4 '23 Dec 27 | Q3 '23 Sep 27 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $417.6M | $366.7M | $400.5M | $367.4M | $356.5M | $320.9M | $328.7M | $316.9M | $316.5M | $290.5M | $286.2M | $276.2M |
| Gross profit | $301.3M | $266.7M | $289.9M | $263.9M | $259.8M | $234.9M | $240.1M | $230.9M | $231.4M | $210.3M | $206.0M | $199.0M |
| Gross margin | 72.2% | 72.7% | 72.4% | 71.8% | 72.9% | 73.2% | 73.1% | 72.8% | 73.1% | 72.4% | 72.0% | 72.1% |
| Operating income | $20.7M | -$2.6M | $18.7M | $18.5M | $22.4M | $2.8M | $10.2M | -$18.0M | $10.8M | $34.0K | $1.7M | $5.7M |
| Net income | $15.7M | -$290.0K | $11.8M | $12.5M | $17.1M | $4.2M | $8.7M | -$10.2M | $9.7M | $2.0M | $7.2M | $7.6M |
| Net margin | 3.8% | −0.1% | 3.0% | 3.4% | 4.8% | 1.3% | 2.6% | −3.2% | 3.1% | 0.7% | 2.5% | 2.8% |
| Diluted EPS | $0.37 | $-0.01 | $0.28 | $0.30 | $0.41 | $0.10 | $0.16 | $-0.26 | $0.23 | $0.05 | $0.15 | $0.19 |
| EBITDA | $52.4M | $27.9M | $47.5M | $46.6M | $50.4M | $32.0M | $38.3M | $37.3M | $37.9M | $26.5M | -$386.0K | $29.7M |
| Operating cash flow | $57.0M | $8.5M | $63.1M | $63.0M | $65.0M | $31.2M | $45.1M | $41.9M | $53.5M | $30.7M | $41.5M | $28.4M |
| Free cash flow | -$736.0K | -$38.7M | $4.0M | $23.7M | $26.9M | $1.9M | $10.4M | $7.1M | $20.6M | -$2.4M | $8.4M | -$9.9M |
| Diluted shares | 41.9M | 40.3M | 41.8M | 41.9M | 41.8M | 41.9M | 54.1M | 40.0M | 41.5M | 41.3M | 48.4M | 44.0M |
Balance sheet
| Period end | Jul 1 | Apr 1 | Dec 31 | Sep 24 | Jun 25 | Mar 26 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $308.0M | $313.6M | $360.1M | $357.8M | $336.8M | $312.9M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total debt | $248.3M | $248.0M | $247.7M | $247.5M | $247.2M | $246.9M |
| Total assets | $1.95B | $1.92B | $1.90B | $1.83B | $1.78B | $1.73B |
| Total liabilities | $1.38B | $1.36B | $1.34B | $1.29B | $1.26B | $1.23B |
| Shareholders' equity | $571.6M | $554.6M | $553.7M | $535.2M | $519.1M | $497.5M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology