XML 46 R27.htm IDEA: XBRL DOCUMENT v3.25.4
RELATED PARTY TRANSACTIONS
 12 Months Ended
Dec. 31, 2025
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS RELATED PARTY TRANSACTIONS
Madison Square Park Conservancy
The Chairman of the Board of Directors serves as a director of the Madison Square Park Conservancy ("MSP Conservancy"), with which Shake Shack has a license agreement and pays license fees to operate the Madison Square Park Shack. No amounts were due to MSP Conservancy as of December 31, 2025 and December 25, 2024.
Classification202520242023
Amounts paid to MSP Conservancy
Occupancy and related expenses
$945 $937 $898 
Olo, Inc.
The Chairman of the Board of Directors served as a director of Olo, Inc., a platform the Company uses in connection with its mobile ordering application through September 2025.
Classification202520242023
Amounts paid to Olo, Inc.Other operating expenses$1,142 $838 $595 
ClassificationDecember 31
2025		December 25
2024
Amounts due to Olo, Inc.
Accounts payable
Accrued expenses
$334 $227 
Tax Receivable Agreement
The Company entered into a Tax Receivable Agreement that provides for the payment by the Company of 85% of the amount of any tax benefits that are actually realized, or in some cases are deemed to realize, as a result of certain transactions. Refer to Note 14, Income Taxes, for additional information.
Classification202520242023
Amounts paid under the Tax Receivable Agreement
Other current liabilities
$37 $— $— 
ClassificationDecember 31
2025		December 25
2024
Amounts due under the Tax Receivable AgreementOther current liabilities
Liabilities under Tax Receivable Agreement, net of current portion		$246,835 $247,734 
Distributions to Members of SSE Holdings
Under the terms of the SSE Holdings LLC Agreement, SSE Holdings is obligated to make tax distributions to its members. No tax distributions were payable to non-controlling interest holders as of December 31, 2025 and December 25, 2024, respectively.
Classification202520242023
Amounts paid to non-controlling interest holdersNon-controlling interests$1,842 $482 $162