Shake Shack Inc.

For the period ended Jun 25, 2025. Filed Jul 31, 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.

Jun 25, 2025 · Filed Jul 31, 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)

June 252025 · December 252024
ASSETS
Current assets:
	Cash and cash equivalents	$336,804		$320,714
	Accounts receivable, net	21,201		19,687
	Inventories	6,028		6,014
	Prepaid expenses and other current assets	26,810		21,801
	Total current assets	390,843		368,216
Property and equipment, net of accumulated depreciation of $506,081 and $457,186, respectively.	577,054		551,600
Operating lease assets	453,844		424,611
Deferred income taxes, net	340,897		341,586
Other assets	12,395		10,958
TOTAL ASSETS	$1,775,033		$1,696,971
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
	Accounts payable	$20,662		$23,609
	Accrued expenses	79,741		63,005
	Accrued wages and related liabilities	23,294		25,422
	Operating lease liabilities, current	59,133		55,739
	Other current liabilities	21,220		19,538
	Total current liabilities	204,050		187,313
Long-term debt	247,207		246,683
Long-term operating lease liabilities	525,998		494,499
Liabilities under tax receivable agreement, net of current portion	247,625		247,017
Other long-term liabilities	31,089		27,833
Total liabilities	1,255,969		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 June 25, 2025 and December 25, 2024.	—		—
	Class A common stock, $0.001 par value—200,000,000 shares authorized; 40,243,981 and 40,068,068 shares issued and outstanding as of June 25, 2025 and December 25, 2024, respectively.	40		40
	Class B common stock, $0.001 par value—35,000,000 shares authorized; 2,439,789 and 2,455,713 shares issued and outstanding as of June 25, 2025 and December 25, 2024, respectively.	2		2
	Additional paid-in capital	445,682		442,993
	Retained earnings	48,377		26,984
	Accumulated other comprehensive loss	(4)		(1)
	Total stockholders' equity attributable to Shake Shack Inc.	494,097		470,018
Non-controlling interests	24,967		23,608
Total equity	519,064		493,626
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$1,775,033		$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.