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Shake Shack SHAK Establishment of liabilities under tax receivable agreement and related changes to deferred tax assets associated with increases in tax basis

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$2.21B+0.8%

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:AdjustmentstoAdditionalPaidinCapitalTaxReceivableAgreement.

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

Questions, answered.

What is Shake Shack's establishment of liabilities under tax receivable agreement and related changes to deferred tax assets associated with increases in tax basis?
Shake Shack (SHAK) reported establishment of liabilities under tax receivable agreement and related changes to deferred tax assets associated with increases in tax basis of $1.05M in Q1 2026.
How has Shake Shack's establishment of liabilities under tax receivable agreement and related changes to deferred tax assets associated with increases in tax basis changed year-over-year?
Shake Shack's establishment of liabilities under tax receivable agreement and related changes to deferred tax assets associated with increases in tax basis decreased by 65.6% year-over-year, from $3.06M to $1.05M.
What is the long-term trend for Shake Shack's establishment of liabilities under tax receivable agreement and related changes to deferred tax assets associated with increases in tax basis?
Over 3 years (2021 to 2024), Shake Shack's establishment of liabilities under tax receivable agreement and related changes to deferred tax assets associated with increases in tax basis has grown at a 113.9% compound annual growth rate (CAGR), from $225K to $2.2M.