| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Gift card liability | $133.15M | $130.81M | $181.77M | $145.36M | $144.76M | $141.01M | $174.6M | $138.11M |
| Chipotle Rewards | $49.18M | $49.48M | $56.81M | $58.39M | $61.87M | $63.72M | $63.8M | $67.34M |
| Deferred licensing revenue | — | — | — | — | — | $2M | $1.98M | $1.97M |
| Total | $182.33M | $180.29M | $238.58M | $203.74M | $206.64M | $206.73M | $240.38M | $207.42M |