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NYSE · Consumer discretionary

Shake Shack Inc. (SHAK)

Shake Shack Inc. brought in $1.6B of revenue over the twelve months to September 30, 2026, up 17.1% from a year earlier. Net income was $43.7M, a net margin of 2.7%. Operating cash flow minus capital spending left $56.5M of free cash flow in fiscal 2025. At September 30, 2026 it held $319M in cash against $248.5M of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 5, 2026.

Free, no password. An email when SHAK files with the SEC.

Price
$77.38
+0.29% on the day · November 10, 2026
52-week range $51.60 to $107.46
Market cap
$3.3B
Revenue (last 12 months)
$1.6B
+17.1% year on year
Net margin
2.7%
P/E
71.0
on FY2025 diluted EPS

Key facts about Shake Shack Inc.

Net worth
Shake Shack Inc. has a market value (market cap) of $3.3B at the latest share price, and shareholders' equity of $564M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Revenue and profit
In fiscal 2025 revenue was $1.4B (+15.4% year on year), with net income of $45.7M. Over the 12 months to September 30, 2026: revenue $1.6B, net income $43.7M.
Cash flow
In fiscal 2025 operations brought in $222.4M of cash; after $165.8M of capital spending, free cash flow was $56.5M.
Latest report
The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 5, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
Next earnings report
Shake Shack Inc.'s next report is expected around January 11, 2027. That is an estimate from its filing rhythm, not a date the company has announced.

What Shake Shack Inc. does

Shake Shack Inc. is registered with the SEC under industry code SIC 5810 (Retail-Eating & Drinking Places). Its shares trade on NYSE under the ticker SHAK.

Revenue and profit by year

Revenue
FY18: $459.3M $459.3M FY18FY19: $594.5M $594.5M FY19FY20: $522.9M $522.9M FY20FY21: $739.9M $739.9M FY21FY22: $900.5M $900.5M FY22FY23: $1.1B $1.1B FY23FY24: $1.3B $1.3B FY24FY25: $1.4B $1.4B FY25
Net income
FY18: $15.2M $15.2M FY18FY19: $19.8M $19.8M FY19FY20: -$42.2M -$42.2M FY20FY21: -$4.6M -$4.6M FY21FY22: -$21.2M -$21.2M FY22FY23: $20.3M $20.3M FY23FY24: $10.2M $10.2M FY24FY25: $45.7M $45.7M FY25

Fiscal years as reported in annual reports. Amounts in USD.

Key figures

Fiscal yearRevenueOperating incomeNet incomeDiluted EPSFree cash flow
2025$1.4B$62.5M$45.7M$1.09$56.5M
2024$1.3B$3M$10.2M$0.24$35.7M
2023$1.1B$5.9M$20.3M$0.48-$14M
2022$900.5M-$26.9M-$21.2M-$0.54-$65.8M
2021$739.9M-$15.9M-$4.6M-$0.12-$43.1M
2020$522.9M-$43.9M-$42.2M-$0.62-$31.7M

Earnings: every quarter and the next report date

Full financial statements: income, balance sheet and cash flow

Next report expected around January 11, 2027.

Estimated from its filing rhythm: 52 weeks after its report of January 12, 2026. Not a date the company has announced. See the report calendar · Earnings, quarter by quarter

Where SHAK ranks in Consumer discretionary

Revenue$1.4B
#422 of 1077 in Consumer discretionary · Top 39%
Revenue growth+15.4%
#184 of 952 in Consumer discretionary · Top 19%
Net margin3.2%
#458 of 968 in Consumer discretionary · Top 47%
Free cash flow margin3.9%
#449 of 853 in Consumer discretionary · Bottom 47%

Latest fiscal year of every company in the sector with the figure reported. Revenue is ranked among companies reporting in US dollars; growth and margins among companies with at least 10 million of revenue. Consumer discretionary

Latest SEC filings

What Shake Shack Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.

  1. November 5, 2026
    Quarterly report 10-Q · period to September 30, 2026Revenue rose 15% to $423.3M versus the same quarter last year; diluted EPS $0.39 versus $0.30.
  2. November 5, 2026
  3. August 5, 2026
    Quarterly report 10-Q · period to July 1, 2026Revenue rose 17% to $417.6M versus the same quarter last year; diluted EPS $0.37 versus $0.41.
  4. August 5, 2026
  5. June 12, 2026
  6. June 11, 2026
  7. June 2, 2026
  8. May 15, 2026
  9. May 7, 2026
    Quarterly report 10-Q · period to April 1, 2026Revenue rose 14% to $366.7M versus the same quarter last year; diluted EPS -$0.01 versus $0.10.
  10. May 7, 2026

Recent insider filings (Forms 3, 4 and 144): 10, the latest on July 17, 2026. Insider transactions on SEC

What is SHAK worth? A DCF from its reported cash flow

Insider trades

What the people running Shake Shack Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.

No insider trades were reported in the last 90 days.

Bought (open market)
$0
last 90 days
Sold
$0
last 90 days
DateInsiderWhatSharesPriceValueFiling
July 15, 2026 Sentell Stephanie AnnChief Operations Officer Shares withheld for tax 639 $60.00 $38.3K Form 4
July 2, 2026 Pendarvis ChristianeDirector Received as pay 2,480 - - Form 4
June 15, 2026 Hook Michelle GreigChief Financial Officer Received as pay 20,548 - - Form 4
June 10, 2026 Flug JeffreyDirector, 10% owner Received as pay 2,891 $54.48 $157.5K Form 4
June 10, 2026 Chapman Charles J IIIDirector Received as pay 4,039 $54.48 $220K Form 4
June 10, 2026 Meyer Daniel HarrisDirector, 10% owner Received as pay 6,333 $54.48 $345K Form 4
June 10, 2026 Lawrence Jeffrey DDirector Received as pay 4,589 $54.48 $250K Form 4
June 10, 2026 Balbale SumaiyaDirector Received as pay 4,498 $54.48 $245.1K Form 4

All insider filings on SEC.gov · Where insiders are buying across the market

Who owns SHAK

Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.

5% holders

Anyone who owns more than 5% of a class of shares must say so on Schedule 13D (if they may seek to influence the company) or 13G (a passive holder). The latest filing of each holder is shown: 13G filings of the last 2 years, 13D of the last 3.

HolderOf classSharesFiled
Vanguard Portfolio Management13G, passive 5.79% 2,334,032 April 29, 2026
Vanguard Capital Management13G, passive 5.05% 2,033,412 April 30, 2026

Latest filings below 5%: Wellington Management Group LLP 4.3% (May 15, 2026); The Vanguard Group 0% (March 27, 2026).

Largest institutional holders

Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 339 managers reported a position.

HolderSharesValueChange on quarter
BlackRock, Inc.6,178,269$346.1M+423,960
Vanguard Portfolio Management LLC2,401,940$134.6M+101,715
Vanguard Capital Management LLC1,751,672$98.1M+16,987
State Street Corp1,570,690$88M+85,021
Marshall Wace, Llp1,386,728$77.7M+494,044
UBS Group AG1,347,542$75.5M+452,876
Morgan Stanley1,078,044$60.4M+613,431
Bamco Inc1,035,680$58Mnew
Geode Capital Management, LLC1,005,086$56.3M+57,606
Nomura Holdings Inc902,096$50.5Mnew
Jpmorgan Chase & Co910,546$50M+176,205
12 West Capital Management LP863,411$48.4M-380,184
Dimensional Fund Advisors LP723,226$40.5M+53,115
Goldman Sachs Group Inc658,098$36.9M-389,167
Fisher Asset Management, LLC625,264$35M-52,982
Fmr LLC516,204$28.9M+73,949
BNP PARIBAS ASSET MANAGEMENT Holding S.A.493,988$27.7M-98,682
Quinn Opportunity Partners LLC441,560$24.7M+356,082
Assenagon Asset Management S.A.435,234$24.4M+404,258
Raymond James Financial Inc428,785$24M-156,232

Insiders

Reported holdings of insiders who filed a Form 4 in the last 12 months: the shares each one held after their latest reported transaction. This is not the total held by all insiders.

13 insiders reported holding 650,123 shares in total, about $50.3M at the last price.

HolderSharesAs of
Meyer Daniel HarrisDirector, 10% owner 386,462378,670 held indirectly June 10, 2026
Lynch RobertChief Executive Officer, Director 144,698 May 23, 2026
Sentell Stephanie AnnChief Operations Officer 23,952 July 15, 2026
Hook Michelle GreigChief Financial Officer 20,548 June 15, 2026
Balbale SumaiyaDirector 17,905 June 10, 2026
Lawrence Jeffrey DDirector 9,378 June 10, 2026
Chapman Charles J IIIDirector 8,684220 held indirectly June 10, 2026
Flug JeffreyDirector, 10% owner 8,361 June 10, 2026
Walker TristanDirector 8,311 June 10, 2026
Silverman JoshDirector 8,2908,290 held indirectly May 15, 2026

Schedule 13D/13G filings on SEC.gov

All filings on SEC EDGAR

Questions about SHAK

What does Shake Shack Inc. do?

Shake Shack Inc. is a company in the Consumer discretionary sector, listed on NYSE as SHAK. Its shares trade on NYSE under the ticker SHAK.

What is Shake Shack Inc.'s net worth?

Shake Shack Inc. has a market value (market cap) of $3.3B at the latest share price, and shareholders' equity of $564M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.

Is Shake Shack Inc. profitable?

Yes. Over the twelve months to September 30, 2026 it reported net income of $43.7M on revenue of $1.6B, a net margin of 2.7%.

How much revenue does Shake Shack Inc. make?

Over the twelve months to September 30, 2026 Shake Shack Inc. reported revenue of $1.6B. That is 17.1% more than a year earlier.

When did Shake Shack Inc. last report?

Its most recent periodic report is the quarterly report (10-Q) filed on November 5, 2026. It covers the period to September 30, 2026.

When is Shake Shack Inc.'s next earnings report?

Shake Shack Inc.'s next report is expected around January 11, 2027. That is an estimate from its filing rhythm, not a date the company has announced.

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Where the numbers come from

Financial figures are the values Shake Shack Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.

Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.