Shake Shack Inc. (SHAK) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	1.6B	1.4B	1.3B	1.1B	900.5M
Cost of Revenue	1.2B	1.2B	678.7M	609.3M	518.9M
Gross Profit	400.1M	259.8M	573.9M	478.2M	381.5M
Operating Expenses
R&D Expense	—	—	—	—	—
SG&A Expense	175.3M	176.2M	242.1M	209.4M	188.5M
General & Admin Expense	175.3M	176.2M	242.1M	209.4M	188.5M
Selling & Marketing Expense	—	—	—	—	—
Other Expenses	154.6M	(2.2M)	328.8M	262.9M	219.9M
Total Operating Expenses	329.9M	174.0M	570.9M	472.3M	408.4M
Cost and Expenses	1.5B	1.4B	1.2B	1.1B	927.4M
Operating Income (EBIT)	70.1M	85.8M	3.0M	5.9M	(26.9M)
Non-Operating
Interest Income	—	—	—	—	—
Interest Expense	5.4M	2.2M	2.0M	1.7M	1.5M
Net Interest Income	(5.4M)	(2.2M)	(2.0M)	(1.7M)	(1.5M)
Other Non-Op Income/Expense	(5.1M)	(13.1M)	11.2M	11.1M	2.6M
Non-Operating Income (excl Interest)	4.9M	11.0M	(13.3M)	(12.8M)	(4.1M)
EBT (Pre-Tax Income)	65.0M	72.6M	14.2M	17.0M	(24.3M)
Income Tax Expense	21.7M	22.9M	3.4M	(4.0M)	(1.2M)
Bottom Line
Net Income	39.7M	45.7M	10.2M	20.3M	(21.2M)
Earnings from Cont. Ops	43.3M	49.7M	10.8M	21.0M	(23.1M)
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	39.7M	45.7M	10.8M	21.0M	(21.2M)
Per Share
Basic EPS	$0.98	$1.14	$0.26	$0.51	($0.66)
Diluted EPS	$0.94	$1.09	$0.24	$0.46	($0.66)
Revenue Per Share	$38.46	$35.94	$31.45	$27.59	$22.95
Shares
Basic Shares Outstanding	40.4M	40.2M	39.8M	39.4M	39.2M
Diluted Shares Outstanding	41.9M	41.8M	44.2M	43.9M	39.2M
Profitability Metrics
EBITDA	177.9M	181.4M	120.9M	111.7M	51.5M
D&A	112.7M	106.6M	104.6M	93.0M	74.3M
EBIT	65.2M	74.8M	16.3M	18.7M	(22.8M)

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jul 1, 2026