Shake Shack Inc

For the period ended Mar 26, 2025. Filed May 1, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 26, 2025 · Filed May 1, 2025

SHAK$77.15+7.3%Stored close · as of Nov 9, 2026

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Contents

Condensed Consolidated Balance Sheets

(in thousands, except share and per share amounts)

March 262025 · December 252024
ASSETS
Current assets:
	Cash and cash equivalents	$312,921		$320,714
	Accounts receivable, net	18,284		19,687
	Inventories	5,312		6,014
	Prepaid expenses and other current assets	28,086		21,801
	Total current assets	364,603		368,216
Property and equipment, net of accumulated depreciation of $481,873 and $457,186, respectively	562,286		551,600
Operating lease assets	442,678		424,611
Deferred income taxes, net	345,696		341,586
Other assets	12,201		10,958
TOTAL ASSETS	$1,727,464		$1,696,971
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
	Accounts payable	$20,678		$23,609
	Accrued expenses	70,864		63,005
	Accrued wages and related liabilities	20,548		25,422
	Operating lease liabilities, current	57,538		55,739
	Other current liabilities	21,004		19,538
	Total current liabilities	190,632		187,313
Long-term debt	246,945		246,683
Long-term operating lease liabilities	514,637		494,499
Liabilities under tax receivable agreement, net of current portion	247,421		247,017
Other long-term liabilities	30,324		27,833
Total liabilities	1,229,959		1,203,345
Commitments and contingencies (Note 13)
Stockholders' equity:
	Preferred stock, no par value—10,000,000 shares authorized; none issued and outstanding as of March 26, 2025 and December 25, 2024.	—		—
	Class A common stock, $0.001 par value—200,000,000 shares authorized; 40,221,661 and 40,068,068 shares issued and outstanding as of March 26, 2025 and December 25, 2024, respectively.	40		40
	Class B common stock, $0.001 par value—35,000,000 shares authorized; 2,444,789 and 2,455,713 shares issued and outstanding as of March 26, 2025 and December 25, 2024, respectively.	2		2
	Additional paid-in capital	442,047		442,993
	Retained earnings	31,229		26,984
	Accumulated other comprehensive loss	(2)		(1)
	Total stockholders' equity attributable to Shake Shack Inc.	473,316		470,018
Non-controlling interests	24,189		23,608
Total equity	497,505		493,626
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$1,727,464		$1,696,971

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.