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Shake Shack SHAK Initial territory, opening, and termination fees — Total Revenue

Other product segments

Shack sales
$354.05M+14.3%
Sales-based royalties
$12.15M+14.2%

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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 us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

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 initial territory, opening, and termination fees — total revenue?
Shake Shack (SHAK) reported initial territory, opening, and termination fees — total revenue of $537K in Q1 2026.
What does initial territory, opening, and termination fees — total revenue mean?
This metric represents the revenue recognized from non-recurring fees associated with the development and management of licensed or franchised locations. It includes payments for initial territory rights, costs related to the opening of new units, and penalties or settlements arising from the termination of franchise agreements. This revenue stream reflects the company's expansion strategy and the monetization of its brand presence through third-party operators.