Shake Shack SHAK Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| TOTAL REVENUE by Product | ||||||
| Initial territory, opening, and termination fees | $537K— | —— | —— | —— | $422K— | |
| Sales-based royalties | $12.15M-17.4% | $14.72M+8.5% | $13.56M+7.5% | $12.61M+18.6% | $10.64M-8.8% | |
| Shack sales | $354.05M-8.1% | $385.26M+9.2% | $352.85M+2.8% | $343.22M+10.8% | $309.84M-2.1% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Shake Shack break its business down?
- Shake Shack (SHAK) reports total revenue by product across 3 parts — Initial territory, opening, and termination fees, Sales-based royalties and Shack sales. Each is extracted from the segment footnotes and tracked over time.
- Where does Shake Shack's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Shake Shack's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.