Shake Shack Inc. (SHAK) — Financial statements
Income statement, balance sheet, and cash flow for Shake Shack Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 1,445↑15.4% | 1,253↑15.2% | 1,088↑20.8% | 900↑21.7% | 740 | |
| Cost of Revenue | 1,186↑74.7% | 679↑11.4% | 609↑17.4% | 519↑19.7% | 433 | |
| Gross Profit | 260↓54.7% | 574↑20.0% | 478↑25.3% | 382↑24.5% | 307 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 176↓27.2% | 242↑15.6% | 209↑11.1% | 189↑28.7% | 146 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 176↓27.2% | 242↑15.6% | 209↑11.1% | 189↑28.7% | 146 | |
| Other Expenses | -2↓100.7% | 329↑25.0% | 263↑19.6% | 220↑25.0% | 176 | |
| Operating Expenses | 174↓69.5% | 571↑20.9% | 472↑15.6% | 408↑26.7% | 322 | |
| Total Costs & Expenses | 1,360↑8.8% | 1,250↑15.5% | 1,082↑16.6% | 927↑22.7% | 756 | |
| Operating Results | ||||||
| Operating Income | 86↑2722.8% | 3↓48.7% | 6↑122.0% | -27↓69.6% | -16 | |
| Depreciation & Amortization | 107↑1.9% | 105↑12.4% | 93↑25.2% | 74↑23.3% | 60 | |
| EBITDA | 181↑50.0% | 121↑8.2% | 112↑116.8% | 52↑15.9% | 44 | |
| EBIT | 75↑359.0% | 16↓12.9% | 19↑182.1% | -23↓44.5% | -16 | |
| Interest & Other Income | ||||||
| Net Interest Income | -2↓5.6% | -2↓19.1% | -2↓13.1% | -2↑3.7% | -2 | |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Interest Expense | 2↑5.6% | 2↑19.1% | 2↑13.1% | 2↓3.7% | 2 | |
| Non-Operating Income | 11↑182.9% | -13↓3.7% | -13↓209.6% | -4↓4244.2% | -0.10 | |
| Other Income / Expenses | -13↓217.3% | 11↑1.3% | 11↑323.9% | 3↑276.0% | -1 | |
| Income Before Tax | 73↑409.8% | 14↓16.1% | 17↑169.9% | -24↓40.1% | -17 | |
| Income Tax Expense | 23↑568.9% | 3↑185.4% | -4↓239.8% | -1↑89.6% | -11 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 50↑359.4% | 11↓48.5% | 21↑190.8% | -23↓284.0% | -6 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 46↑348.0% | 10↓49.6% | 20↑195.5% | -21↓365.4% | -5 | |
| Bottom-Line Net Income | 46↑322.6% | 11↓48.5% | 21↑198.9% | -21↓365.4% | -5 | |
| EPS (Basic) | 1.14↑338.5% | 0.26↓49.0% | 0.51↑177.3% | -0.66↓200.0% | -0.22 | |
| EPS (Diluted) | 1.09↑354.2% | 0.24↓47.8% | 0.46↑169.7% | -0.66↓200.0% | -0.22 | |
| Weighted Average Shares | 40↑1.0% | 40↑1.0% | 39↑0.5% | 39↑0.4% | 39 | |
| Weighted Average Diluted Shares | 42↓5.3% | 44↑0.7% | 44↑11.9% | 39↑0.4% | 39 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.