Shake Shack Inc. (SHAK) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 366.74M | 400.53M | 367.41M | 356.47M | 320.9M | 328.68M | 316.92M | 316.5M | 290.5M | 286.24M | 276.21M | 271.81M | 253.28M | 238.53M | 227.81M | 230.75M | 203.39M | 203.26M | 193.9M | 187.46M |
| Revenue Growth % | 14.28% | 21.86% | 15.93% | 12.63% | 10.46% | 14.83% | 14.74% | 16.44% | 14.7% | 20% | 21.24% | 17.79% | 24.53% | 17.35% | 17.49% | 23.09% | 30.98% | 29.04% | 48.69% | 104.24% |
| Cost of Goods Sold | 192.74M | 636.63M | 191.49M | 184.68M | 172.71M | 173.68M | 171.58M | 171.67M | 161.76M | 158.89M | 153.41M | 150.96M | 146.04M | 134.34M | 132.41M | 131.84M | 120.35M | 118.68M | 116.13M | 107.55M |
| COGS % of Revenue | 52.56% | 158.95% | 52.12% | 51.81% | 53.82% | 52.84% | 54.14% | 54.24% | 55.68% | 55.51% | 55.54% | 55.54% | 57.66% | 56.32% | 58.12% | 57.13% | 59.17% | 58.39% | 59.89% | 57.37% |
| Gross Profit | 174M | -236.09M | 175.92M | 171.79M | 148.19M | 155M | 145.34M | 144.83M | 128.74M | 127.36M | 122.79M | 120.85M | 107.24M | 104.19M | 95.4M | 98.91M | 83.04M | 84.57M | 77.76M | 79.91M |
| Gross Margin % | 47.44% | -58.95% | 47.88% | 48.19% | 46.18% | 47.16% | 45.86% | 45.76% | 44.32% | 44.49% | 44.46% | 44.46% | 42.34% | 43.68% | 41.88% | 42.87% | 40.83% | 41.61% | 40.11% | 42.63% |
| Gross Profit Growth % | 17.41% | -252.32% | 21.03% | 18.61% | 15.11% | 21.71% | 18.36% | 19.84% | 20.05% | 22.24% | 28.71% | 22.17% | 29.14% | 23.19% | 22.68% | 23.78% | 29.21% | 29.21% | 42.42% | 159.24% |
| Operating Expenses | 168.89M | -261.84M | 157.37M | 149.41M | 145.35M | 144.79M | 163.33M | 134.05M | 128.71M | 128.65M | 117.14M | 116.1M | 110.43M | 110.5M | 100.23M | 99.73M | 97.98M | 91.07M | 80.41M | 76.61M |
| OpEx % of Revenue | 46.05% | -65.37% | 42.83% | 41.92% | 45.3% | 44.05% | 51.54% | 42.35% | 44.31% | 44.94% | 42.41% | 42.71% | 43.6% | 46.33% | 44% | 43.22% | 48.17% | 44.8% | 41.47% | 40.86% |
| Selling, General & Admin | 82.26M | 317K | 44.38M | 66.26M | 65.27M | 65.15M | 59.3M | 59.54M | 58.13M | 56.98M | 51.24M | 51.28M | 49.89M | 49.99M | 44.27M | 46.14M | 47.6M | 41.36M | 35.14M | 35.24M |
| SG&A % of Revenue | 22.43% | 0.08% | 12.08% | 18.59% | 20.34% | 19.82% | 18.71% | 18.81% | 20.01% | 19.91% | 18.55% | 18.87% | 19.7% | 20.96% | 19.43% | 20% | 23.4% | 20.35% | 18.13% | 18.8% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 1000K | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 5.1M | 25.75M | 18.55M | 22.37M | 2.84M | 10.21M | -17.99M | 10.78M | 34K | -1.29M | 5.66M | 4.75M | -3.19M | -6.31M | -4.83M | -819K | -14.94M | -6.49M | -2.65M | 3.31M |
| Operating Margin % | 1.39% | 6.43% | 5.05% | 6.28% | 0.89% | 3.11% | -5.68% | 3.41% | 0.01% | -0.45% | 2.05% | 1.75% | -1.26% | -2.65% | -2.12% | -0.35% | -7.34% | -3.19% | -1.36% | 1.76% |
| Operating Income Growth % | 79.56% | 152.17% | 203.11% | 107.51% | 8258.82% | 888.42% | -417.98% | 127.09% | 101.07% | 79.49% | 217.22% | 679.73% | 78.65% | 2.76% | -82.39% | -124.77% | -49.04% | 46.85% | 61.08% | 113.74% |
| EBITDA | 34.73M | 50.5M | 46.14M | 49.48M | 29.99M | 36.58M | 8.26M | 36.81M | 25.99M | 23.72M | 29.23M | 27.44M | 18.57M | 13.31M | 14.22M | 17.62M | 2.25M | 9.43M | 12.85M | 18.09M |
| EBITDA Margin % | 9.47% | 12.61% | 12.56% | 13.88% | 9.35% | 11.13% | 2.61% | 11.63% | 8.95% | 8.29% | 10.58% | 10.1% | 7.33% | 5.58% | 6.24% | 7.64% | 1.11% | 4.64% | 6.62% | 9.65% |
| EBITDA Growth % | 15.82% | 38.06% | 458.36% | 34.42% | 15.38% | 54.21% | -71.73% | 34.14% | 39.96% | 78.18% | 105.56% | 55.75% | 724.69% | 41.22% | 10.69% | -2.62% | -43.95% | 1227.75% | 112.81% | 255.73% |
| D&A (Non-Cash Add-back) | 29.63M | 24.76M | 27.59M | 27.11M | 27.15M | 26.37M | 26.25M | 26.03M | 25.96M | 25.02M | 23.57M | 22.69M | 21.76M | 19.63M | 19.04M | 18.44M | 17.19M | 15.92M | 15.49M | 14.79M |
| EBIT | 109K | 25.31M | 21.65M | 25.22M | 5.81M | 13.45M | -14.48M | 14.08M | 3.24M | 1.98M | 9.1M | 7.97M | -352K | -3.92M | -3.34M | -281K | -15.22M | -6.55M | -2.63M | 3.42M |
| Net Interest Income | -548K | -3.77M | -504K | -548K | -563K | -512K | -498K | -527K | -508K | -476K | -433K | -405K | -403K | -373K | -475K | -315K | -355K | -353K | -350K | -359K |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 548K | 3.77M | 504K | 548K | 563K | 512K | 498K | 527K | 508K | 476K | 433K | 405K | 403K | 373K | 475K | 315K | 355K | 353K | 350K | 359K |
| Other Income/Expense | -5.54M | -4.21M | 2.6M | 2.3M | 2.41M | 2.73M | 3.01M | 2.77M | 2.7M | 2.79M | 3.01M | 2.82M | 2.43M | 2.02M | 1.01M | 223K | -644K | -415K | -332K | -251K |
| Pretax Income | -439K | 21.54M | 21.15M | 24.68M | 5.25M | 12.94M | -14.98M | 13.55M | 2.73M | 1.5M | 8.66M | 7.57M | -755K | -4.29M | -3.82M | -596K | -15.58M | -6.91M | -2.98M | 3.06M |
| Pretax Margin % | -0.12% | 5.38% | 5.76% | 6.92% | 1.64% | 3.94% | -4.73% | 4.28% | 0.94% | 0.52% | 3.14% | 2.79% | -0.3% | -1.8% | -1.68% | -0.26% | -7.66% | -3.4% | -1.54% | 1.63% |
| Income Tax | -145K | 8.54M | 7.44M | 6.19M | 737K | 3.61M | -3.87M | 3.17M | 518K | -5.75M | 529K | 347K | 867K | 6.78M | -1.51M | 707K | -4.3M | 3.44M | -576K | 991K |
| Effective Tax Rate % | 33.03% | 39.64% | 35.16% | 25.1% | 14.04% | 27.87% | 25.85% | 23.41% | 18.96% | -383.53% | 6.11% | 4.58% | -114.83% | -158.01% | 39.49% | -118.62% | 27.58% | -49.81% | 19.34% | 32.43% |
| Net Income | -290K | 11.83M | 12.5M | 17.15M | 4.25M | 8.71M | -10.21M | 9.67M | 2.04M | 7.22M | 7.63M | 6.95M | -1.53M | -10.72M | -2.02M | -1.19M | -10.16M | -9.73M | -2.18M | 1.94M |
| Net Margin % | -0.08% | 2.95% | 3.4% | 4.81% | 1.32% | 2.65% | -3.22% | 3.05% | 0.7% | 2.52% | 2.76% | 2.56% | -0.61% | -4.49% | -0.89% | -0.51% | -5% | -4.79% | -1.12% | 1.04% |
| Net Income Growth % | -106.83% | 35.83% | 222.43% | 77.37% | 108.09% | 20.59% | -233.88% | 39.15% | 232.99% | 167.4% | 476.83% | 684.85% | 84.9% | -10.14% | 7.07% | -161.11% | -876.32% | 49.92% | 60.82% | 111.99% |
| Net Income (Continuing) | -294K | 13M | 13.71M | 18.48M | 4.51M | 9.33M | -11.11M | 10.38M | 2.21M | 7.25M | 8.14M | 7.22M | -1.62M | -11.07M | -2.31M | -1.3M | -11.28M | -10.35M | -2.4M | 2.06M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 28.68M | 28.42M | 26.22M | 24.97M | 24.19M | 23.61M | 22.95M | 23.96M | 25.91M | 25.95M | 25.64M | 25.09M | 24.49M | 24.63M | 24.76M | 24.87M | 24.84M | 26.06M | 26.42M | 26.46M |
| EPS (Diluted) | -0.01 | 0.28 | 0.30 | 0.41 | 0.10 | 0.21 | -0.26 | 0.23 | 0.05 | 0.15 | 0.19 | 0.16 | -0.04 | -0.28 | -0.05 | -0.03 | -0.29 | -0.25 | -0.06 | 0.05 |
| EPS Growth % | -107.2% | 33.33% | 215.38% | 78.26% | 102.43% | 40% | -236.84% | 43.75% | 226.67% | 153.57% | 468.93% | 628.05% | 86.55% | -12% | 7.54% | -160.6% | -3000% | 51.92% | 62.87% | 111.63% |
| EPS (Basic) | -0.01 | 0.29 | 0.31 | 0.43 | 0.11 | 0.22 | -0.26 | 0.24 | 0.05 | 0.17 | 0.19 | 0.18 | -0.04 | -0.28 | -0.05 | -0.03 | -0.29 | -0.25 | -0.06 | 0.05 |
| Diluted Shares Outstanding | 40.29M | 41.85M | 41.87M | 41.86M | 41.86M | 41.87M | 40.01M | 41.48M | 41.26M | 43.94M | 43.98M | 43.89M | 39.33M | 39.28M | 39.27M | 39.23M | 39.16M | 39.14M | 39.14M | 43.79M |
| Basic Shares Outstanding | 40.29M | 40.21M | 40.25M | 40.12M | 40.12M | 40.05M | 40.01M | 39.75M | 39.52M | 39.47M | 39.46M | 39.42M | 39.33M | 39.28M | 39.27M | 39.23M | 39.08M | 39.14M | 39.14M | 39.11M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |