Shake Shack Inc. (SHAK) - Dilution Analysis

Visualizing historical and potential share dilution over time

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Dilution Analysis

Low Risk

Limited dilution potential

Last updated: May 07, 2026

Risk Assessment Details

Potential Dilution: 0.0% of current shares

Recent Dilution: 1.8% (2 years)

Historical Dilution Factor: minimal recent dilution

Outstanding Shares

40M

Potential Supply

Additional shares possible

Splits

None

Past 2 years

Summary

SHAK currently has 40.3M outstanding shares. with minimal authorized share overhang for future dilution. The company has minimally diluted shareholders by 1.8% over the past 2 years.

Share Structure Timeline

Outstanding Shares

Total Supply

Historical Data Points

Date	Event	Outstanding
May 07, 2026	10-Q filing \| 40.3M shares outstanding	40M
Oct 30, 2025	10-Q filing \| 40.3M shares outstanding	40M
Jul 31, 2025	10-Q filing \| 40.2M shares outstanding	40M
May 01, 2025	10-Q filing \| 40.1M shares outstanding	40M
Feb 21, 2025	10-K filing \| 39.8M shares outstanding	40M
Oct 31, 2024	10-Q filing \| 40.0M shares outstanding	40M
Aug 02, 2024	10-Q filing \| 39.8M shares outstanding	40M
May 03, 2024	10-Q filing \| 39.5M shares outstanding	40M
Feb 29, 2024	10-K filing \| 39.4M shares outstanding	39M
Nov 03, 2023	10-Q filing \| 39.5M shares outstanding	39M
Aug 04, 2023	10-Q filing \| 39.4M shares outstanding	39M
May 05, 2023	10-Q filing \| 39.3M shares outstanding	39M
Feb 23, 2023	10-K filing \| 39.2M shares outstanding	39M
Nov 04, 2022	10-Q filing \| 39.3M shares outstanding	39M
Aug 05, 2022	10-Q filing \| 39.2M shares outstanding	39M
May 06, 2022	10-Q filing \| 39.2M shares outstanding	39M
Feb 18, 2022	10-K filing \| 39.1M shares outstanding	39M
Nov 05, 2021	10-Q filing \| 39.1M shares outstanding	39M
Aug 06, 2021	10-Q filing \| 39.1M shares outstanding	39M
May 07, 2021	10-Q filing \| 38.9M shares outstanding	39M
Feb 26, 2021	10-K filing \| 37.1M shares outstanding	37M
Oct 30, 2020	10-Q filing \| 38.3M shares outstanding	38M
Jul 31, 2020	10-Q filing \| 37.3M shares outstanding	37M
May 04, 2020	10-Q filing \| 34.4M shares outstanding	34M
Apr 21, 2020	8-K filing: Shake Shack Inc. completed an offering of 3,416,070 shares of Class A common stock at $39.77 per share, resulting in proceeds of approximately $135.9 million, and also sold 233,467 shares of Class A Common Stock on April 17, 2020 for gross proceeds of approximately $9.9 million. ($145.8M proceeds)	31M
Feb 24, 2020	10-K filing \| 31.4M shares outstanding	31M

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