# Shake Shack Inc.: overview

SHAK · NYSE · CIK 1620533 · [Consumer discretionary](/sectors/consumer-discretionary.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/shak.md) · [Financials](/companies/shak/financials.md) · [Filings](/companies/shak/filings.md) · [Insiders](/companies/shak/insiders.md)

Latest reported revenue: [$417.6m](/filings/0001620533-26-000034.md) for Q2 FY2026, three months to 2026-07-01, from the 10-Q filed Aug 5, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001620533-26-000034).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-25) | Q4 FY2024 (2024-12-25) | Q1 FY2025 (2025-03-26) | Q2 FY2025 (2025-06-25) | Q3 FY2025 (2025-09-24) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-04-01) | Q2 FY2026 (2026-07-01) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [317](/filings/0001620533-25-000075.md) | [329 d](/filings/0001620533-26-000018.md) | [321](/filings/0001620533-26-000026.md) | [356](/filings/0001620533-26-000034.md) | [367](/filings/0001620533-25-000075.md) | [401 d](/filings/0001620533-26-000018.md) | [367](/filings/0001620533-26-000026.md) | [418](/filings/0001620533-26-000034.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [(5.7%)](/filings/0001620533-25-000075.md) | [3.1% d](/filings/0001620533-26-000018.md) | [0.9%](/filings/0001620533-26-000026.md) | [6.3%](/filings/0001620533-26-000034.md) | [5.0%](/filings/0001620533-25-000075.md) | [4.7% d](/filings/0001620533-26-000018.md) | [(0.7%)](/filings/0001620533-26-000026.md) | [5.0%](/filings/0001620533-26-000034.md) |
| Net margin | % | [(3.2%)](/filings/0001620533-25-000075.md) | [2.6% d](/filings/0001620533-26-000018.md) | [1.3%](/filings/0001620533-26-000026.md) | [4.8%](/filings/0001620533-26-000034.md) | [3.4%](/filings/0001620533-25-000075.md) | [3.0% d](/filings/0001620533-26-000018.md) | [(0.1%)](/filings/0001620533-26-000026.md) | [3.8%](/filings/0001620533-26-000034.md) |
| Diluted EPS | $ per share | [(0.26)](/filings/0001620533-25-000075.md) | not reported | [0.10](/filings/0001620533-26-000026.md) | [0.41](/filings/0001620533-26-000034.md) | [0.30](/filings/0001620533-25-000075.md) | not reported | [(0.01)](/filings/0001620533-26-000026.md) | [0.37](/filings/0001620533-26-000034.md) |
| Free cash flow | $m | [7.1 d](/filings/0001620533-25-000075.md) | [10.4 d](/filings/0001620533-26-000018.md) | [1.9](/filings/0001620533-26-000026.md) | [26.9 d](/filings/0001620533-26-000034.md) | [23.7 d](/filings/0001620533-25-000075.md) | [4.0 d](/filings/0001620533-26-000018.md) | [(38.7)](/filings/0001620533-26-000026.md) | [(0.7) d](/filings/0001620533-26-000034.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-29) | FY2022 (2022-12-28) | FY2023 (2023-12-27) | FY2024 (2024-12-25) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [740](/filings/0001620533-24-000023.md) | [900](/filings/0001620533-25-000016.md) | [1,088](/filings/0001620533-26-000018.md) | [1,253](/filings/0001620533-26-000018.md) | [1,445](/filings/0001620533-26-000018.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [(2.1%)](/filings/0001620533-24-000023.md) | [(3.0%)](/filings/0001620533-25-000016.md) | [0.5%](/filings/0001620533-26-000018.md) | [0.2%](/filings/0001620533-26-000018.md) | [4.3%](/filings/0001620533-26-000018.md) |
| Net margin | % | [(0.6%)](/filings/0001620533-24-000023.md) | [(2.4%)](/filings/0001620533-25-000016.md) | [1.9%](/filings/0001620533-26-000018.md) | [0.8%](/filings/0001620533-26-000018.md) | [3.2%](/filings/0001620533-26-000018.md) |
| Diluted EPS | $ per share | [(0.12)](/filings/0001620533-24-000023.md) | [(0.54)](/filings/0001620533-25-000016.md) | [0.48](/filings/0001620533-26-000018.md) | [0.24](/filings/0001620533-26-000018.md) | [1.09](/filings/0001620533-26-000018.md) |
| Free cash flow | $m | [(43.1)](/filings/0001620533-24-000023.md) | [(65.8)](/filings/0001620533-25-000016.md) | [(14.0)](/filings/0001620533-26-000018.md) | [35.7](/filings/0001620533-26-000018.md) | [56.5](/filings/0001620533-26-000018.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/shak/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $346.1m | 6,178,269 |  | Added +423,960 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $134.6m | 2,401,940 |  | Added +101,715 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $98.1m | 1,751,672 |  | Added +16,987 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $88.0m | 1,570,690 |  | Added +85,021 |
| [MARSHALL WACE, LLP](/funds/1318757.md) | 2026-06-30 | $77.7m | 1,386,728 |  | Added +494,044 |
| [UBS Group AG](/funds/1610520.md) | 2026-06-30 | $75.5m | 1,347,542 |  | Added +452,876 |
| [MORGAN STANLEY](/funds/895421.md) | 2026-06-30 | $60.4m | 1,078,044 |  | Added +613,431 |
| [BAMCO INC /NY/](/funds/1017918.md) | 2026-06-30 | $58.0m | 1,035,680 |  | New +1,035,680 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $56.3m | 1,005,086 |  | Added +57,606 |
| [NOMURA HOLDINGS INC](/funds/1163653.md) | 2026-06-30 | $50.5m | 902,096 |  | New +902,096 |

## Recent filings

[All 1,286 filings](/companies/shak/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-08-05 | 07:11 ET | [10-Q](/filings/0001620533-26-000034.md) | Quarterly report, period 2026-07-01 | 0001620533-26-000034 |
| 2026-08-05 | 07:04 ET | [8-K](/filings/0001620533-26-000033.md) | 2.02 Results of operations; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001620533-26-000033 |
| 2026-06-12 | 16:15 ET | [8-K](/filings/0001104659-26-073466.md) | 5.02 Departure or appointment of officers or directors; 9.01 Financial statements and exhibits | 0001104659-26-073466 |
| 2026-06-11 | 16:15 ET | [8-K](/filings/0001104659-26-072950.md) | 5.07 Shareholder vote results | 0001104659-26-072950 |
| 2026-06-02 | 08:06 ET | [8-K](/filings/0001104659-26-069246.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001104659-26-069246 |
| 2026-05-07 | 16:08 ET | [10-Q](/filings/0001620533-26-000026.md) | Quarterly report, period 2026-04-01 | 0001620533-26-000026 |
| 2026-05-07 | 07:13 ET | [8-K](/filings/0001104659-26-056664.md) | 5.02 Departure or appointment of officers or directors; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001104659-26-056664 |
| 2026-05-07 | 07:02 ET | [8-K](/filings/0001620533-26-000024.md) | 2.02 Results of operations; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001620533-26-000024 |
| 2026-04-29 | 16:30 ET | [DEF 14A](/filings/0001104659-26-051572.md) | Proxy statement, period 2026-06-10 | 0001104659-26-051572 |
| 2026-04-01 | 08:15 ET | [8-K](/filings/0001104659-26-038234.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001104659-26-038234 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001620533-26-000018.md), filed Feb 26, 2026.

## Forecast league

Not in this season’s league. [This season’s league](/leagues.md)

## About the filer

- CIK: 1620533
- Tickers: SHAK
- Exchange: NYSE
- SIC code: 5810 Retail-Eating & Drinking Places
- State of incorporation: not reported
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:44 ET. No prices; not investment advice.