Shake Shack (SHAK) Shares Outstanding (Diluted Average) (2014 - 2026)

Shake Shack (SHAK) has 13 years of Shares Outstanding (Diluted Average) data on file, last reported at $40.3 million in Q2 2026.

• Quarterly Shares Outstanding (Diluted Average) fell 3.76% year-over-year to $40.3 million in Q2 2026, while the trailing twelve-month figure through Apr 2026 was $40.3 million (down 3.76% YoY) and the FY2025 annual result came in at $41.8 million, down 5.33% from the prior year.
• Shares Outstanding (Diluted Average) eased to $40.3 million in Q2 2026 per SHAK's latest filing, from $41.8 million in the prior quarter.
• Across five years, Shares Outstanding (Diluted Average) topped out at $44.2 million in Q4 2024 and bottomed at $39.2 million in Q1 2022.
• The 5-year median for Shares Outstanding (Diluted Average) is $41.8 million (2025), against an average of $41.6 million.
• The widest annual swing landed in 2022, when Shares Outstanding (Diluted Average) fell 9.38%; it then gained 11.88% in 2023.
• Tracing SHAK's Shares Outstanding (Diluted Average) over 5 years: stood at $39.2 million in 2022, then grew by 11.88% to $43.9 million in 2023, then advanced by 0.69% to $44.2 million in 2024, then declined by 5.33% to $41.8 million in 2025, then retreated by 3.72% to $40.3 million in 2026.
• Per Business Quant, the three latest SHAK Shares Outstanding (Diluted Average) figures stand at $40.3 million (Q2 2026), $41.8 million (Q4 2025), and $41.9 million (Q3 2025).

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