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Shake Shack SHAK Non-cash operating lease cost

Non-cash operating lease cost at other companies

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$1.06M-3.5%
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$2.04M+5.8%
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$4.12M+73.6%
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$2.28M+3.7%
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$10.72M+4.8%
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$9.9M+5.3%

Other financials

Income statement

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Revenue$366.7M+14.3%
Operating income-$2.6M-193%
Net income-$290.0K-107%
EPS (diluted)-$0.01-110%

Balance sheet

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Cash & equivalents$313.7M+0.2%
Total debt$925.2M+12.2%
Total equity$525.9M+11.1%
Total assets$1.9B+11.0%

Cash flow

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Operating cash flow$8.5M-72.8%
CapEx$47.2M+60.8%
Free cash flow-$38.7M-2,170%

Valuation

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Market cap$2.18B+0.8%
Enterprise value$2.8B+3.2%
P/E48.4×-126×
P/S1.5×-0.2×

Profitability

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Operating margin3.8%+3.4pp
Net margin3%+2.1pp
FCF margin1.1%-2.0pp

Returns & leverage

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Return on equity9%+6.3pp
Debt / equity1.8×0.0×
Current ratio1.7×-0.2×

Where this comes from

Reported directly by Shake Shack in its filing.

Tagged under the XBRL concept shak:Amortizationofoperatingleaseassets.

The official record: Shake Shack’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Shake Shack's non-cash operating lease cost?
Shake Shack (SHAK) reported non-cash operating lease cost of $24.69M in Q1 2026.
How has Shake Shack's non-cash operating lease cost changed year-over-year?
Shake Shack's non-cash operating lease cost increased by 19.4% year-over-year, from $20.67M to $24.69M.
What is the long-term trend for Shake Shack's non-cash operating lease cost?
Over 4 years (2021 to 2025), Shake Shack's non-cash operating lease cost has grown at a 15.0% compound annual growth rate (CAGR), from $50.89M to $88.85M.
What does non-cash operating lease cost mean?
This metric captures the non-cash expense associated with the right-of-use assets recognized under lease accounting standards. It reflects the consumption of the economic benefits of leased properties, such as restaurant locations, over the lease term. Analyzing this helps investors distinguish between cash-based rent payments and the accounting-driven recognition of lease costs.