The financials
Shake Shack Inc. by the numbers
Shake Shack Inc. (SHAK) reported revenue of $367M in Q1 2026 (quarter ended Apr 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 Jun 2026 was Shack Sales at $403M, 93% of the disclosed total, well 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 | $403M | 93% |
| Franchise | $14M | 3.3% |
| Sales Based Royalties | $14M | 3.1% |
| Initial Territory Opening And Termination Fees | $620K | 0.1% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Jun 2026Total $431.8M (+14%)
Shack Sales grew +18% year on yearInitial Territory Opening And Termination Fees -1.4% year on year
Segment Latestquarter on quarteryear on year
- Shack Sales$403.4M$403.4MQoQ +14%year on year +18%+14%+18%
- Franchise$14.2M$14.2MQoQ +12%year on year +7.1%+12%+7.1%
- Sales Based Royalties$13.6M$13.6MQoQ +12%year on year +7.5%+12%+7.5%
- Initial Territory Opening And Termination Fees$620.0K$620.0KQoQ +15%year on year -1.4%+15%-1.4%