What is Chipotle Mexican Grill's deferred revenue?

Chipotle Mexican Grill (CMG) reported deferred revenue of $240.38M in Q4 2025.

How has Chipotle Mexican Grill's deferred revenue changed year-over-year?

Chipotle Mexican Grill's deferred revenue increased by 0.8% year-over-year, from $238.58M to $240.38M.

What is the long-term trend for Chipotle Mexican Grill's deferred revenue?

Over 2 years (2023 to 2025), Chipotle Mexican Grill's deferred revenue has grown at a 7.1% compound annual growth rate (CAGR), from $209.68M to $240.38M.

What does deferred revenue mean?

Money collected from customers for products or services that haven't been delivered yet but will be within a year.

Current Liabilities

Deferred Revenue

Chipotle Mexican Grill Deferred Revenue increased by 16.3% to $240.38M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 0.8%, from $238.58M to $240.38M. Over 2 years (FY 2023 to FY 2025), Deferred Revenue shows an upward trend with a 7.1% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.

Analysis

StatementBalance Sheet Statement

SectionCurrent Liabilities

CategoryGrowth

SignalHigher is better

VolatilityModerate

First reportedQ3 2018

Last reportedQ4 2025

How to read this metric

An increase suggests strong sales of subscription-based services or bundled offerings, providing a predictable pipeline for future revenue recognition.

Detailed definition

Represents cash payments received from customers in advance of the company fulfilling its performance obligations, speci...

Peer comparison

High-growth software and services companies typically maintain larger deferred revenue balances relative to pure hardware manufacturers.

Metric ID: deferred_revenue_current

Historical Data

9 periods

	Q4 '23	Q1 '24	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25
Value	$209.68M	$187.32M	$182.33M	$180.29M	$238.58M	$203.74M	$206.64M	$206.73M	$240.38M
QoQ Change	—	-10.7%	-2.7%	-1.1%	+32.3%	-14.6%	+1.4%	+0.0%	+16.3%
YoY Change	—	—	—	—	+13.8%	+8.8%	+13.3%	+14.7%	+0.8%

Range$180.29M – $240.38M

CAGR+7.1%

Avg YoY Growth+10.3%

Median YoY Growth+13.3%

Current Streak3 quarters growth

Deferred Revenue at Other Companies

DoorDashDASH View metric

Frequently Asked Questions

What is Chipotle Mexican Grill's deferred revenue?: Chipotle Mexican Grill (CMG) reported deferred revenue of $240.38M in Q4 2025.
How has Chipotle Mexican Grill's deferred revenue changed year-over-year?: Chipotle Mexican Grill's deferred revenue increased by 0.8% year-over-year, from $238.58M to $240.38M.
What is the long-term trend for Chipotle Mexican Grill's deferred revenue?: Over 2 years (2023 to 2025), Chipotle Mexican Grill's deferred revenue has grown at a 7.1% compound annual growth rate (CAGR), from $209.68M to $240.38M.
What does deferred revenue mean?: Money collected from customers for products or services that haven't been delivered yet but will be within a year.