Skip to content
OpenCapital
Get started

Chipotle Mexican Grill CMG Gift card liability — Breakage revenue

Similar metrics at other companies

ThredUp Inc. logo
TDUPGift Card Breakage — Revenue recognized
$1.3M-43.5%
EAT
EATGift card breakage — Contract with Customer, Liability, Revenue Recognized
$2.2M-31.3%
Build-A-Bear Workshop logo
BBWGift Card Breakage — Revenue
$1.55M-4.6%
Boot Barn Holdings logo
BOOTGift Card Program — Contract With Customer Liability Breakage
$258.75K+7.5%
Oxford Industries logo
OXMGift Card Breakage — Net Sales
$250K-50.0%
Ulta Beauty, Inc. logo
ULTAGift Card Breakage — Revenue
$6.74M+11.0%

Other financials

Income statement

See full
Revenue$3.1B+7.4%
Operating income$397.1M-17.1%
Net income$302.8M-21.7%
EPS (diluted)$0.23-17.9%

Balance sheet

See full
Cash & equivalents$282.3M-62.7%
Total debt$5.2B+13.2%
Total equity$2.4B-31.0%
Total assets$8.8B-2.7%

Cash flow

See full
Operating cash flow$651.4M+16.9%
CapEx$180.3M+24.5%
Free cash flow$471.0M+14.3%

Valuation

See full
Market cap$42.77B-41.9%
Enterprise value$47.73B-38.4%
P/E29.5×-18.3×
P/S3.5×-2.8×

Profitability

See full
Operating margin15.3%-1.7pp
Net margin12%-1.6pp
FCF margin12.4%-0.5pp

Returns & leverage

See full
Return on equity49.2%+3.7pp
Debt / equity2.2×+0.9×
Current ratio0.9×-0.6×

Where this comes from

Reported directly by Chipotle Mexican Grill in its filing.

Tagged under the XBRL concept cmg:ContractWithCustomerLiabilityRevenueRecognizedBreakage.

The official record: Chipotle Mexican Grill’s 10-K, filed February 4, 2026, on SEC EDGAR. View the filing →

Ask your AI about Chipotle Mexican Grill's gift card liability — breakage revenue.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI
Harbor at dusk
Claude

Questions, answered.

What is Chipotle Mexican Grill's gift card liability — breakage revenue?
Chipotle Mexican Grill (CMG) reported gift card liability — breakage revenue of $6.97M in Q4 2025.
How has Chipotle Mexican Grill's gift card liability — breakage revenue changed year-over-year?
Chipotle Mexican Grill's gift card liability — breakage revenue increased by 259.2% year-over-year, from $1.94M to $6.97M.
What is the long-term trend for Chipotle Mexican Grill's gift card liability — breakage revenue?
Over 2 years (2023 to 2025), Chipotle Mexican Grill's gift card liability — breakage revenue has grown at a 389.8% compound annual growth rate (CAGR), from $1.16M to $27.88M.
What does gift card liability — breakage revenue mean?
This represents the portion of unredeemed gift card balances that the company estimates will never be used by customers. It is recognized as revenue when the likelihood of redemption becomes remote based on historical data and legal requirements. This metric reflects the company's ability to monetize dormant customer prepayments.