The financials
Shake Shack Inc. by the numbers
Shake Shack Inc. (SHAK) reported revenue of $367M in Q1 2026 (quarter ended April 1, 2026), up 14% from the same quarter a year earlier. That came with net loss of $290K. For the full year FY2025, revenue was $1.45B (+15% year on year) and net income $46M. Its largest product in 2026-Q1 was Shack Sales at $354M, 93% of the disclosed total, just ahead of Franchise at 3.3%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $367M | $321M | +14% |
| Operating income | −$2.6M | $2.8M | to a loss |
| Net income | −$290K | $4.2M | to a loss |
| Diluted EPS | −$0.01 | $0.10 | to a loss |
| Product | Revenue | Share |
|---|---|---|
| Shack Sales | $354M | 93% |
| Franchise | $13M | 3.3% |
| Sales Based Royalties | $12M | 3.2% |
| Initial Territory Opening And Termination Fees | $537K | 0.1% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q1 2026Total $379.4M (-0.67%)
Initial Territory Opening And Termination Fees grew +27% year on yearSales Based Royalties +14% year on year
Segment Latestquarter on quarteryear on year
- Shack Sales$354.0M$354.0MQoQ +0.34%year on year +14%+0.34%+14%
- Franchise$12.7M$12.7MQoQ -13%year on year +15%-13%+15%
- Sales Based Royalties$12.2M$12.2MQoQ -10%year on year +14%-10%+14%
- Initial Territory Opening And Termination Fees$537.0K$537.0KQoQ -year on year +27%-+27%
- Initial Territory and Opening Fees--QoQ -year on year ---