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Shake Shack (SHAK) Operating Expenses (2016 - 2025)

Shake Shack (SHAK) has disclosed Operating Expenses for 12 consecutive years, with $85.2 million as the latest value for Q4 2025.

  • On a quarterly basis, Operating Expenses fell 73.26% to $85.2 million in Q4 2025 year-over-year; TTM through Dec 2025 was $1.1 billion, a 13.08% decrease, with the full-year FY2025 number at $407.4 million, down 67.39% from a year prior.
  • Operating Expenses was $85.2 million for Q4 2025 at Shake Shack, down from $348.9 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $348.9 million in Q3 2025 to a low of $85.2 million in Q4 2025.
  • A 5-year average of $255.0 million and a median of $261.8 million in 2023 define the central range for Operating Expenses.
  • Peak YoY movement for Operating Expenses: skyrocketed 58.94% in 2021, then tumbled 73.26% in 2025.
  • Shake Shack's Operating Expenses stood at $209.7 million in 2021, then grew by 16.73% to $244.8 million in 2022, then grew by 17.44% to $287.5 million in 2023, then increased by 10.76% to $318.5 million in 2024, then crashed by 73.26% to $85.2 million in 2025.
  • Per Business Quant, the three most recent readings for SHAK's Operating Expenses are $85.2 million (Q4 2025), $348.9 million (Q3 2025), and $334.1 million (Q2 2025).