XML 34 R23.htm IDEA: XBRL DOCUMENT v3.25.3
Revenue Recognition (Tables)
 9 Months Ended
Sep. 30, 2025
Revenue from Contract with Customer [Abstract]  
Schedule of Contract Liabilities Included in Unearned Revenue
The gift card liability included in unearned revenue on the condensed consolidated balance sheets was as follows:
September 30,
2025		December 31,
2024
Gift card liability$141,010 $181,771 
Revenue recognized from the redemption of gift cards that was included in unearned revenue at the beginning of the year was as follows:
Three months ended
September 30,		Nine months ended
September 30,
2025202420252024
Revenue recognized from gift card liability balance at the beginning of the year$8,237 $6,906 $75,835 $64,104 
Changes in our Chipotle Rewards liability included in unearned revenue on the condensed consolidated balance sheets were as follows:
Three months ended
September 30,		Nine months ended
September 30,
2025202420252024
Chipotle Rewards liability, beginning balance$61,872 $49,183 $56,806 $44,750 
Revenue deferred50,252 39,792 137,510 120,024 
Revenue recognized(48,401)(39,500)(130,593)(115,299)
Chipotle Rewards liability, ending balance$63,723 $49,475 $63,723 $49,475 
The deferred licensing revenue included in unearned revenue on the condensed consolidated balance sheets was as follows:
September 30,
2025		December 31,
2024
Deferred licensing revenue$1,997 $-