Wingstop Inc.

WING 10-K · FY 2025

WING FY 2025 request

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Income Statement

Income Statement
Metric FY 2025 FY 2024 YoY
Revenue 696,853 625,807 +11.4%
Show Product Lines breakouts
Advertising 247,619 217,630 +13.8%
Advertising fees 247,619 217,630 +13.8%
Advertising · Restaurants Segment 247,619 217,630 +13.8%
Franchise 6,505 6,080 +7.0%
Franchisor Owned Outlet 127,452 119,823 +6.4%
Franchisor Owned Outlet · Restaurants Segment 127,452 119,823 +6.4%
Royalty 292,466 259,632 +12.6%
Royalty revenue, franchise fees and other 321,782 288,354 +11.6%
Royalty revenue, franchise fees and other · Restaurants Segment 321,782 288,354 +11.6%
Show Business Segments breakouts
Restaurants Segment 696,853 625,807 +11.4%
Cost of Revenue (FY)
Show Business Segments breakouts
Restaurants Segment 96,058 91,632 +4.8%
Selling, General & Administrative 128,356 116,801 +9.9%
Show Business Segments breakouts
Restaurants Segment 128,356 116,801 +9.9%
Operating Income 179,291 165,616 +8.3%
Other Non-Operating Income (Expense) -93,682 -2,866 -3168.7%
Income Before Taxes 237,189 147,190 +61.1%
Income Tax Expense (Benefit) 62,922 38,473 +63.5%
Show Business Segments breakouts
Restaurants Segment 62,922 38,473 +63.5%
Comprehensive Income 181,117 108,557 +66.8%
Other Comprehensive Income 6,850 -160 +4381.2%
EPS (Basic) 6.23 3.72 +67.5%
EPS (Diluted) 6.21 3.7 +67.8%
Wtd Avg Shares (Basic) 27,974 29,262 -4.4%
Wtd Avg Shares (Diluted) 28,074 29,384 -4.5%

Balance Sheet

Balance Sheet
Metric FY 2025 FY 2024 YoY
Current Assets
Cash & Cash Equivalents 196,572 315,910 -37.8%
Show Restricted Cash And Cash Equivalents Cash And Cash Equivalents breakouts
Ad Funds 5.9 23.7 -75.1%
Restricted Cash Current 25,994 20,868 +24.6%
Accounts Receivable 20,823 19,661 +5.9%
Show Accounts Notes Loans And Financing Receivable By Receivable Type breakouts
Other receivables, net 3,010 3,445 -12.6%
Royalties receivable 10,611 8,641 +22.8%
Vendor rebates receivable 7,202 7,575 -4.9%
Show Restricted Cash And Cash Equivalents Cash And Cash Equivalents breakouts
Ad Funds 10.2 9 +13.3%
Prepaid Expenses & Other Current Assets 7,956 6,520 +22.0%
Advertising Fund Assets Restricted 16,143 32,659 -50.6%
Total Current Assets 267,488 395,618 -32.4%
Non-Current Assets
Property, Plant & Equipment 130,581 125,953 +3.7%
Operating Lease Right-of-Use Assets 48,637 49,046 -0.8%
Goodwill 83,875 74,718 +12.3%
Show Business Acquisition breakouts
Series Of Individually Immaterial Business Acquisitions 9,157 7,041 +30.1%
Long Term Investments 87,164 8,511 +924.1%
Other Non-Current Assets 42,964 29,700 +44.7%
Total Assets 693,409 716,246 -3.2%
Intangible Assets (Q)
Show Finite Lived Intangible Assets By Major Class breakouts
Customer relationships and franchise rights 24,173 19,365 +24.8%
Other Assets
Indefinite Lived Intangible Assets Excluding Goodwill 32,700 32,700 0.0%
Show Indefinite Lived Intangible Assets By Major Class breakouts
Trademarks 32,700 32,700 0.0%
Current Liabilities
Accounts Payable 12,846 6,943 +85.0%
Show Restricted Cash And Cash Equivalents Cash And Cash Equivalents breakouts
Ad Funds 5.9 17.3 -65.9%
Operating Lease Liability Current 3,232 1,059 +205.2%
Other Liabilities Current 49,744 46,782 +6.3%
Advertising Fund Liabilities Restricted 16,143 32,659 -50.6%
Total Current Liabilities 81,965 87,443 -6.3%
Accrued Liabilities (Q)
Show Restricted Cash And Cash Equivalents Cash And Cash Equivalents breakouts
Ad Funds 10.2 15.3 -33.3%
Deferred Revenue (Current) 6,928 5,963 +16.2%
Non-Current Liabilities
Long-Term Debt 1,209,094 1,206,201 +0.2%
Operating Lease Liabilities 58,080 58,169 -0.2%
Contract With Customer Liability Noncurrent 47,721 38,877 +22.7%
Deferred Tax Liabilities 33,142 1,085 +2954.6%
Other Non-Current Liabilities 169 57 +196.5%
Total Liabilities 1,430,171 1,391,832 +2.8%
Long-Term Debt 1,220,925
Stockholders' Equity
Common Stock 275 287 -4.2%
Additional Paid-In Capital 1,529 1,568 -2.5%
Retained Earnings -744,915 -676,940 -10.0%
Accumulated Other Comprehensive Income 6,349 -501 +1367.3%
Total Stockholders' Equity -736,762 -675,586 -9.1%
Show Equity Components breakouts
Accumulated Other Comprehensive Income 6,349 -501 +1367.3%
Additional Paid In Capital 1,529 1,568 -2.5%
Common Stock 275 287 -4.2%
Retained Earnings -744,915 -676,940 -10.0%
Total Liabilities & Equity 693,409 716,246 -3.2%

Cash Flow Statement

Cash Flow Statement
Metric FY 2025 FY 2024 YoY
Operating Activities
Net Income 174,267 108,717 +60.3%
Show Equity Components breakouts
Retained Earnings 174,267 108,717 +60.3%
Depreciation & Amortization 25,068 19,490 +28.6%
Show Business Segments breakouts
Restaurants Segment 25,068 19,490 +28.6%
Deferred Income Taxes And Tax Credits 35,866 -1,809 +2082.6%
Stock-Based Compensation 24,878 22,060 +12.8%
Gain Loss On Disposition Of Assets1 6,535 -1,038 +729.6%
Show Business Segments breakouts
Restaurants Segment 6,535 -1,038 +729.6%
Gains Losses On Extinguishment Of Debt -92,485
Non Cash Investment Income -8,770
Amortization Of Financing Costs And Discounts 3,129 2,150 +45.5%
Change in Accounts Receivable -1,162 -7,253 +84.0%
Change in Prepaid & Other Assets -10,968 -13,221 +17.0%
Increase Decrease In Advertising Fund Assets And Liabilities Net -16,910 4,778 -453.9%
Increase Decrease In Accounts Payable And Accrued Liabilities 3,359 2,928 +14.7%
Increase Decrease In Deferred Revenue 9,941 9,249 +7.5%
Change in Other Liabilities 317 11,559 -97.3%
Net Cash from Operations 153,065 157,610 -2.9%
Investing Activities
Capital Expenditures -47,441 -51,929 +8.6%
Payments To Acquire Businesses Gross -18,532 -14,048 -31.9%
Proceeds From Sales Of Assets Investing Activities 17,330 4,000 +333.2%
Payments To Acquire Investments -76,513 -500 -15202.6%
Proceeds From Sale Of Investment Projects 107,700
Net Cash from Investing -17,456 -62,477 +72.1%
Financing Activities
Proceeds From Stock Options Exercised 1,367 1,557 -12.2%
Share Repurchases -221,859 -314,664 +29.5%
Tax Withholding for Share Compensation -13,856 -4,427 -213.0%
Payments Of Dividends -32,382 -28,869 -12.2%
Net Cash from Financing -266,730 144,765 -284.3%
Supplemental
Unpaid Capital Expenditures 6,294 3,955 +59.1%
Interest Paid 52,150 22,697 +129.8%
Income Taxes Paid 27,400 38,842 -29.5%
Income Taxes Paid 27,400
Other Cash Flow
Net Change in Cash -131,121 239,898 -154.7%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 228,453 359,574 -36.5%

Values in thousands USD. Source: SEC EDGAR 10-K filing.

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