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Shake Shack SHAK Q2 2025 earnings

Reported July 31, 2025 · Before market open

Revenue$356.5MMiss by $8.0M
EPS$0.44Beat by $0.07
Revenue estimate$364.4M
EPS estimate$0.37

Next report

Oct 29, 2026 (in a month)
Revenue estimate$426.2M
EPS estimate$0.32

Financials

Q2 2025

Income statement

See full
Revenue$356.5M+12.6%
Operating income$22.4M+108%
Net income$17.1M+77.4%
EPS (diluted)$0.41+78.3%

Balance sheet

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Cash & equivalents$336.8M+11.6%
Total debt$837.5M+5.9%
Total equity$494.1M+6.9%
Total assets$1.8B+6.8%

Cash flow

See full
Operating cash flow$65.0M+21.4%
CapEx$38.1M+15.6%
Free cash flow$26.9M+30.6%

Valuation & ratios

Valuation

as of 06/25/25
See full
Market cap$5.39B+51.5%
Enterprise value$5.89B+45.5%
P/E262.7×+132×
P/S4.1×+1.0×

Profitability

See full
Operating margin1.3%—
Net margin1.5%-0.8pp
FCF margin3.5%—

Returns & leverage

See full
Return on equity4.3%-1.9pp
Debt / equity1.7×0.0×
Current ratio1.9×-0.1×

Segments

By product

See full
Shack sales$343.2M+12.4%
Sales-based royalties$12.6M+18.7%

By segment

See full
Reportable Segment$356.5M+12.6%

By geography

See full
United States$351.8M+15.4%

FAQ

When did Shake Shack report Q2 2025 earnings?
Shake Shack (SHAK) reported Q2 2025 earnings on July 31, 2025 before market open.
What were Shake Shack's Q2 2025 revenue and EPS?
Shake Shack reported revenue of $356.5M and eps of $0.44 for Q2 2025.
Did Shake Shack beat estimates in Q2 2025?
Revenue missed the consensus estimate of $364.4M by $8.0M. EPS beat the consensus estimate of $0.37 by $0.07.
How did Shake Shack's Q2 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 12.6% from $316.5M a year earlier and eps grew 63.0% from $0.27.
Where can I find Shake Shack's Q2 2025 SEC filings?
You can read the 8-K earnings release (0001620533-25-000062) and the 10-Q periodic report (0001620533-25-000065) directly on SEC EDGAR. The filing index links above go to sec.gov.