Shake Shack Inc.SHAKEarnings & Financial Report
Shake Shack is an American multinational fast casual restaurant chain based in New York City. It started out as a hot dog cart inside Madison Square Park in 2001, and its popularity steadily grew. In 2004, it received a permit to open a permanent kiosk within the park, expanding its menu from New York–style hot dogs to one with hamburgers, hot dogs, fries and its namesake milkshakes.
Revenue
$316.5M
Gross Profit
N/A
Operating Profit
$10.8M
Net Profit
$9.7M
Gross Margin
N/A
Operating Margin
3.4%
Net Margin
3.1%
YoY Growth
16.4%
EPS
$0.23
Shake Shack Inc. Q2 FY2024 Financial Summary
Shake Shack Inc. reported revenue of $316.5M (up 16.4% YoY) for Q2 FY2024, with a net profit of $9.7M (up 39.1% YoY) (3.1% margin).
Key Financial Metrics
| Total Revenue | $316.5M |
|---|---|
| Net Profit | $9.7M |
| Gross Margin | N/A |
| Operating Margin | 3.4% |
| Report Period | Q2 FY2024 |
Revenue Breakdown
Shake Shack Inc. Q2 FY2024 revenue of $316.5M breaks down across 2 segments, led by Shack Sales at $305.5M (96.5% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Shack Sales | $305.5M | 96.5% |
| Sales Based Royalties | $10.6M | 3.4% |
Shake Shack Inc. Annual Revenue by Year
Shake Shack Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $1.4B).
| Year | Annual Revenue |
|---|---|
| 2025 | $1.4B |
| 2024 | $1.3B |
| 2023 | $1.1B |
| 2022 | $900.5M |
Shake Shack Inc. Quarterly Revenue & Net Profit History
Shake Shack Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $366.7M | +14.3% | $-294.0K | -0.1% |
| Q4 FY2025 | $400.5M | +21.9% | $11.8M | 3.0% |
| Q3 FY2025 | $367.4M | +15.9% | $12.5M | 3.4% |
| Q2 FY2025 | $356.5M | +12.6% | $17.1M | 4.8% |
| Q1 FY2025 | $320.9M | +10.5% | $4.2M | 1.3% |
| Q4 FY2024 | $328.7M | +14.8% | $8.7M | 2.6% |
| Q3 FY2024 | $316.9M | +14.7% | $-10.2M | -3.2% |
| Q2 FY2024 | $316.5M | +16.4% | $9.7M | 3.1% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $316.5M | $316.9M | $328.7M | $320.9M | $356.5M | $367.4M | $400.5M | $366.7M |
| YoY Growth | 16.4% | 14.7% | 14.8% | 10.5% | 12.6% | 15.9% | 21.9% | 14.3% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $1.66B | $1.68B | $1.70B | $1.73B | $1.78B | $1.83B | $1.90B | $1.92B |
| Liabilities | $1.18B | $1.20B | $1.20B | $1.23B | $1.26B | $1.29B | $1.34B | $1.36B |
| Equity | $462.4M | $456.1M | $470.0M | $473.3M | $494.1M | $509.0M | $525.3M | $554.6M |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $53.5M | $41.9M | $45.1M | $31.2M | $65.0M | $63.0M | $63.1M | $8.5M |