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Shake Shack SHAK Operating Income

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Other financials

Income statement

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Revenue$417.6M+17.2%
Net income$15.7M-8.6%
EPS (diluted)$0.37-9.8%

Balance sheet

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Cash & equivalents$308.0M-8.6%
Total debt$939.6M+12.2%
Total equity$544.3M+10.2%
Total assets$2.0B+9.9%

Cash flow

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Operating cash flow$57.0M-12.3%
CapEx$57.7M+51.5%
Free cash flow-$736.0K-103%

Valuation

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Market cap$2.84B-37.6%
Enterprise value$3.47B-31.3%
P/E64.9×-157×
P/S1.8×-1.6×

Profitability

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Operating margin3.6%+2.3pp
Net margin2.8%+1.3pp
FCF margin-0.8%-4.2pp

Returns & leverage

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Return on equity8.4%+4.1pp
Debt / equity1.7×0.0×
Current ratio1.7×-0.2×

Where this comes from

Reported directly by Shake Shack in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The source filing: Shake Shack’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 7:11 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001620533-26-000034
Line itemThirteen Weeks Ended / July 12026Thirteen Weeks Ended / June 252025Twenty-Six Weeks Ended / July 12026Twenty-Six Weeks Ended / June 252025
Pre-opening costs6,6384,95513,5088,173
Impairments, loss on disposal of assets, and Shack closures4258811,2922,938
TOTAL EXPENSES396,872334,092766,243652,148
INCOME FROM OPERATIONS20,74622,37418,11225,216
Other income, net2,6022,8505,3455,821
Interest expense(553)(548)(1,101)(1,111)
INCOME BEFORE INCOME TAXES22,79524,67622,35629,926
Income tax expense5,9136,1935,7686,930

Item 1. Financial Statements (Unaudited).

FAQ

What is Shake Shack's operating income?
Shake Shack (SHAK) reported operating income of $20.75M in Q2 2026.
How has Shake Shack's operating income changed year-over-year?
Shake Shack's operating income decreased by 7.3% year-over-year, from $22.37M to $20.75M.
What is the long-term trend for Shake Shack's operating income?
Over 3 years (2021 to 2025), Shake Shack's operating income has grown at a 58.0% compound annual growth rate (CAGR), from -$15.85M to $62.51M.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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