Shake Shack Inc

Latest Results (15.05.2026):

Shake Shack Inc. — Fourth Quarter 2025 (results also include Fiscal Year 2025): In Q4 2025 Shake Shack reported total revenue of $400.5 million (up 21.9% YoY), net income of $13.0 million and net income attributable to Shake Shack Inc. of $11.8 million (diluted EPS $0.28). Adjusted pro forma net income for Q4 was $16.6 million, or $0.37 per fully exchanged and diluted share. For fiscal year 2025, total revenue was $1,445.3 million (up 15.4%), net income $49.7 million, net income attributable $45.7 million (diluted EPS $1.09) and adjusted pro forma net income $58.3 million ($1.32 fully exchanged diluted).

Revenue

Q4 2025 total revenue: $400.5M (+21.9% vs. Q4 2024), comprised of Shack sales $385.3M and Licensing revenue $15.2M. Fiscal 2025 total revenue: $1,445.3M (+15.4%), Shack sales $1,391.2M and Licensing $54.1M.

Same‑Shack and System‑Wide Sales

Q4 same‑Shack sales rose 2.1% YoY; fiscal year same‑Shack sales rose 2.3% YoY. System‑wide sales were $618.0M in Q4 (+23.4% YoY) and $2,228.8M for the full year (+15.9% YoY), reflecting substantial contribution from new openings.

Profitability Metrics

Q4 operating income was $18.7M and net income $13.0M. Restaurant‑level profit for Q4 was $87.4M, or 22.7% of Shack sales (FY: $314.5M, 22.6%). Adjusted EBITDA was $56.1M in Q4 (14.0% margin) and $209.9M for fiscal 2025 (14.5% adjusted EBITDA margin).

Earnings Per Share / Non‑GAAP Measures

Q4 diluted EPS (GAAP) was $0.28; adjusted pro forma diluted EPS (fully exchanged) was $0.37. For fiscal 2025 GAAP diluted EPS was $1.09 and adjusted pro forma fully exchanged diluted EPS was $1.32. The company provides reconciliations of these non‑GAAP measures in the release.

Unit Growth

Q4 2025 openings: 15 new Company‑operated Shacks and 17 new licensed Shacks. For fiscal 2025 the company opened 45 Company‑operated and 40 licensed Shacks; system‑wide locations exceed 670 globally per the release.

Balance Sheet & Cash Flow

Cash and cash equivalents at Dec 31, 2025 were $360.1M (up from $320.7M at year‑end 2024). Net cash provided by operating activities for fiscal 2025 was $222.4M; capital expenditures (purchases of property & equipment) were $165.8M.

Comparability Note

Fiscal 2025 included a 53rd week (an extra operating week in Q4), which the company notes can affect period comparisons. Non‑GAAP metrics (restaurant‑level profit, adjusted EBITDA, adjusted pro forma net income) are used alongside GAAP results and reconciliations are provided in the release.