On this page of Benford's Law Stocks.com we present our study of Shake Shack Inc. — ticker symbol SHAK. SEC filings have been screened by our Benford's Law software, for quarterly 10Q and annual 10K filings from 2/26/2021 to 10/30/2025 for Shake Shack Inc. under CIK number 0001620533. For filings made in XBRL (eXtensible Business Reporting Language) format, our algorithm extracts all "tagged" numbers presented by the company; for any non-XBRL filings our algorithm uses its own interal set of rules to extract what it believes to be numbers as found throughout the filings. The format found for each filing is presented below together with the results for SHAK, with the percentage of found numbers beginning with each digit (1's, 2's, 3's, 4's, 5's, 6's, 7's, 8's, and 9's) charted against the "normal" range observed throughout our coverage universe, as well as the "normal" range for Shake Shack Inc. based on the past SHAK filings our system processed in the past.
Benford Chart for SHAK 10Q Filed 10/30/2025
28.4
20.2
14.8
13.4
6.9
5.3
3.1
4.5
3.4
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
XBRL? ✓  [ original filing, SHAK stockholder letter ]
Total numbers found: 843
Recent share count: 40,247,757 (4's column)

■ = Typical range across full coverage universe
# of Numbers Found in Filing
Benford's Law Stocks Indicator
843
Normal count compared to other filers, falling within the middle 50%. At this number count, it would take about 8 numbers to move any given column by a full percentage point.
Benford's Law Stocks Score for SHAK = 92
92

Starting from a possible score of 100, we made the following score deductions:
 • We deducted point upon observing the 2's percentage was above the typical coverage universe range.
 • We deducted point upon observing the 3's percentage was above the typical coverage universe range.
 • We deducted points upon observing the 4's percentage was above the typical coverage universe range.
 • We deducted point upon observing the 4's percentage was above the company's typical historical range.
 • We deducted points upon observing the 7's percentage was below the typical coverage universe range.
 • The 8's percentage was higher than the 7's percentage, increasing the penalty multiplier.
SHAK's Score Vs. Typical Stock
Benford's Law Stocks Indicator
SHAK
Normal-to-high score compared to other filers, falling within the top of the middle 50%.
Other Stocks Ranking Near SHAK
PFE
PLD
VEEV
VLD
 PII
SEMR
SJM
VEL
Check our work! We provide our Shake Shack Inc. Benford's Law analysis for informational purposes only, and our software should be expected to make mistakes and contain errors (nothing you see on this website should be relied upon for any decision-making without first repeating the analysis yourself independently), and so below we present to you all of the numbers our system detected, for the SHAK filing above. This way, you can open the filing on your own and compare what you see below against what you yourself find. This can also be helpful for exploring any columns in particular that caught your eye.

1's 2's 3's
We found 239 numbers that start with the digit 1. Here they are:
10,000,000
10,000,000
19,687
11,251
10,958
1,827,185
1,696,971
19,538
187,313
1,291,948
1,203,345
1
1
1,827,185
1,696,971
1,005,908
14,565
12,027
1,044,775
103,461
152,809
131,373
125,692
107,948
12,798
10,429
1,001,011
18,548
17,988
10,010
1,615
1,533
14,982
1,305
14,366
182
13,711
11,109
1,487
1,210
10
12,501
10,211
1,497
13,711
11,109
1,487
1
1
13,714
11,107
1,488
1,210
10
12,504
10,209
1,498
12,501
1,210
13,711
1,459
1
10,211
11,109
18,274
1
14,502
14,502
164,452
10,950
1,288
1,822
1,822
1,758
1,758
1
16,777
1,497
10
1,487
1
1
11,819
11,819
174,419
1
1
1,937
1,937
18,274
1,487
1,676
1,577
14,173
11,539
123
104
10,123
1,016
1,377
1,385
1,742
159,219
126,072
106,697
100,801
106,697
10
1,758
123
15,479
1
1,005,908
13,561
11,567
1,004
1,171
1,044,775
11,153
10,699
1,845
1,666
19,245
17,060
119
109
1,597
1,147
15
170
1,734
1,763
12,341
16,923
12,761
19,538
130
170.42
100,000
1.5
1.0
15,000
14
17
15,046
12,225
10,051
19,829
1,430
1,051
191
18,052
16,084
171
1,641
16,979
186,366
1,325
15,654
100.0
100.0
12,501
10,211
1,497
1
1,459
10,950
11,073
10,120
1,071
164,452
174,419
1,267
10,906
10,272
14,173
11,539
134
102
12,667
10,359
1,506
1,180
14,173
11,539
13.9
164,452
174,419
185,376
10,861
100,080
15
13
12,211
12,501
10,211
1,497
10
12,501
10,211
1,487
19
136
143
166
1,467
1,467
1,467
119,101
119,101
139,742
1,466,975
155
165
12,211
13
1,758
1,044,775
103,461
152,809
131,373
125,692
107,948
12,798
10,429
1,615
1,533
14,366
182
10,010
13,711
11,109
1,487
13,711
11,109
1,487
1,827,185
1,696,971
120
We found 170 numbers that start with the digit 2. Here they are:
200,000,000
200,000,000
2,434,789
2,455,713
2,434,789
2,455,713
2,434,789
20,612
21,801
23,562
23,609
25,946
25,422
21,226
225,350
247,469
246,683
247,825
247,017
27,833
2
2
26,984
26,222
23,608
286,119
251,362
262,759
253,646
26,995
23,608
27,079
25,722
29,086
21,147
2,813
26
26
2
2
2,813
2,439,789
2
24,967
28
28
2,434,789
2
26,222
2,487,936
2
28,485
23,965
2
2
28,338
213
251
2,456,158
2
2
22,953
2,455,713
2
26,984
23,608
2,813
20,924
20,924
271
271
2,434,789
2
26,222
2,834,513
25,953
208
208
2,456,158
2
2
22,953
28,703
297
258
2,489
22,078
2,921
208
224,653
271
2,054
27,731
2,119
2,584
26,394
21,801
2,119
2,584
21,226
250,000
20
240,000
256,900
262
262
250,000
250,000
2,531
247,469
246,683
2.5
21
23
22,239
227
213
26,639
2,896
253
237,813
2,921
2,434,789
2,455,713
2
28
271
213
22,673
28,338
20,924
20,924
20,924
20,924
25.9
28.1
28,338
20,924
284
2,322
225
218
201
248,506
247,734
2
2
2,663
26
26
2,434,789
2,465,936
2,434,789
23,493
233
249
227
248,506
247,734
208
286,119
251,362
262,759
253,646
26,995
23,608
27,079
25,722
29,086
2,482
We found 125 numbers that start with the digit 3. Here they are:
35,000,000
35,000,000
357,757
320,714
30,097
368,216
334,978
341,586
31,056
352,846
304,897
38,867
32,995
367,411
316,924
35,691
3,662
3,448
30,657
348,863
334,912
3,103
3,504
3,873
36,707
33,894
31
30
39,758
36,707
3
3
36,707
33,894
3
3
39,966,973
38
31,778
31,778
302
302
33,894
36,707
39,474,315
39
3
3
378,355
378,355
3,541
3,540
36,707
31
3,448
3,781
3,907
3,592
31,381
37
37,043
320,714
357,757
310,865
359
352,846
304,897
36,813
31,824
367,411
316,924
30,097
30
3,317
3,894
3,094
30,584
382,135
3,610
33,894
3
302
3,541
31,778
378,355
31,778
378,355
31,778
378,355
31,778
378,355
3,267
3,694
3,169
347
319
3,899
3,726
35.2
31,778
378,355
3,288
37
33,894
33,894
39,758
31
30
31,227
319
301
319
37
367,411
316,924
35,691
3,662
3,448
30,657
3,873
3,103
3,504
36,707
36,707
32
4's 5's 6's
We found 113 numbers that start with the digit 4. Here they are:
40,253,444
40,068,068
40,253,444
40,068,068
40,253,589
414,777
457,186
468,087
424,611
494,499
40
40
448,096
442,993
470,018
493,626
45,564
44,381
4,625
43,764
498
40,250
40,010
40,199
41,874
40,010
41,852
44,163
40,243,981
40
445,682
48,377
4
4,511
4,511
4,463
485
40,253,444
40
448,096
40
433,877
4
486,365
4,261
4,261
439
439
40,027,089
40
437,788
479,055
40,068,068
40
442,993
493,626
40,253,444
40
448,096
426,601
469,370
40,027,089
40
437,788
479,055
4,122
440
4,134
4,634
49,159
4,013
475,113
413,793
460
445
4,086
47
468,087
424,611
483,133
436,836
494,499
4,086
4,181
481
429
4,013
40,253,444
40,068,068
42,688,233
42,523,781
4,463
4,423
4,158
432
4,423
4,158
4,463
495
40,250
40,010
40,199
41
47
41,874
40,010
41,852
44,163
4,120
45,564
44,381
4,625
498
We found 58 numbers that start with the digit 5. Here they are:
529,577
598,092
551,600
55,739
540,248
509,015
535,237
53,779
510
504
51,073
519,064
5,000
5,000
535,237
535,237
5,351
57,484
524
5,774
5,735
561
52
5,603
5,869
5.8679
50,000
51
55,739
540,248
5,603
562,940
57,484
578
5,355
5,579
583,996
5.9
578
5.7
5.8
5.7
5.8
5.7
5,000
5,000
5,000
5,000
524
5,000
552,774
50
52,050
5,508
53,779
510
504
57
We found 45 numbers that start with the digit 6. Here they are:
6,311
6,014
63,005
60,671
60,878
69,022
666
666
60,878
63
63
60,878
6,110
64,489
610
65,713
69,420
6,146
630
696
640
6,999
6,433
60,671
616,573
64,489
693
6,517
619
6,181
6.3
6.2
6.1
61,208
693
67,115
6.3
6,110
60,116
62
629
695
615
63
69,022
7's 8's 9's
We found 26 numbers that start with the digit 7. Here they are:
77,219
76,659
7,172
7,436
758
76,659
786
786
795
771
7,071
786
786
77,859
770,362
75,776
7,943
729
724
709
707
799
77,219
76,659
7,436
724
We found 38 numbers that start with the digit 8. Here they are:
890,929
86,056
88,033
85,523
80,167
8,924
898
84
81
898
898
80,167
8,480
86,212
890,929
8
8,196
833
844
8,616
87,896
89,433
82,119
89,397
85
809
84
81
86,313
85,440
809
85
85
86,056
88,033
85,523
80,167
8,924
We found 29 numbers that start with the digit 9. Here they are:
93,945
923,924
931,096
974
901
901
9,662
9,238
925
9,784
94.3
923,924
98
9,514
94,136
99,541
95,603
94.3
94.2
989
94.3
94.2
94.3
93.7
9,463
946
901
923,924
982
While the above SHAK 10Q Filed 10/30/2025 is interesting in isolation, we have found that it is also useful to take a look at older Shake Shack Inc. filings processed by our Benford's Law Stocks algorithm, to see how the company's filings "typically look" on a Benford's Law analysis. Below we repeat the 10Q Filed 10/30/2025 but instead of the chart comparing against the typical company across our coverage universe, below we show the same chart compared against the typical SHAK 10Q and 10K filings that we have processed historically. This is followed by similar charts for each of those historical filings.

10Q Filed 10/30/2025
28.4
20.2
14.8
13.4
6.9
5.3
3.1
4.5
3.4
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 92
XBRL? ✓  [ original filing ]
Total numbers found: 843

■ = Typical SHAK range from 2/26/2021 to 10/30/2025
10K Filed 2/21/2025
27.1
20.5
16.3
8.8
7.0
5.5
5.3
4.1
5.4
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 84
XBRL? ✓  [ original filing ]
Total numbers found: 1,245

■ = Typical SHAK range from 2/26/2021 to 10/30/2025
10Q Filed 5/3/2024
24.7
25.0
17.6
12.0
6.7
3.1
2.7
4.4
3.8
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 69
XBRL? ✓  [ original filing ]
Total numbers found: 551

■ = Typical SHAK range from 2/26/2021 to 10/30/2025
10Q Filed 8/4/2023
24.6
20.6
16.9
12.7
8.5
5.8
5.0
3.3
2.7
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 89
XBRL? ✓  [ original filing ]
Total numbers found: 781

■ = Typical SHAK range from 2/26/2021 to 10/30/2025
10Q Filed 11/4/2022
24.4
23.9
19.0
10.4
6.1
6.1
2.3
4.7
3.1
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 84
XBRL? ✓  [ original filing ]
Total numbers found: 770

■ = Typical SHAK range from 2/26/2021 to 10/30/2025
10K Filed 2/18/2022
25.8
21.3
15.7
10.2
8.7
5.1
5.6
4.1
3.5
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 97
XBRL? ✓  [ original filing ]
Total numbers found: 1,246

■ = Typical SHAK range from 2/26/2021 to 10/30/2025
10Q Filed 5/7/2021
28.4
19.3
20.6
8.5
7.1
4.9
4.2
3.4
3.6
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 91
XBRL? ✓  [ original filing ]
Total numbers found: 553

■ = Typical SHAK range from 2/26/2021 to 10/30/2025
10Q Filed 7/31/2025
24.7
22.1
12.9
13.2
10.0
5.6
2.9
4.4
4.2
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 88
XBRL? ✓  [ original filing ]
Total numbers found: 838

■ = Typical SHAK range from 2/26/2021 to 10/30/2025
10Q Filed 10/31/2024
27.8
18.1
17.5
11.9
5.6
5.2
5.8
4.5
3.5
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 93
XBRL? ✓  [ original filing ]
Total numbers found: 805

■ = Typical SHAK range from 2/26/2021 to 10/30/2025
10K Filed 2/29/2024
26.5
21.1
18.7
12.4
5.5
4.4
5.1
3.1
3.3
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 81
XBRL? ✓  [ original filing ]
Total numbers found: 2,222

■ = Typical SHAK range from 2/26/2021 to 10/30/2025
10Q Filed 5/5/2023
25.5
24.7
17.0
12.5
5.2
4.4
3.9
4.4
2.4
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 83
XBRL? ✓  [ original filing ]
Total numbers found: 542

■ = Typical SHAK range from 2/26/2021 to 10/30/2025
10Q Filed 8/5/2022
27.0
21.1
21.8
10.1
5.3
5.6
4.1
2.7
2.3
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 83
XBRL? ✓  [ original filing ]
Total numbers found: 779

■ = Typical SHAK range from 2/26/2021 to 10/30/2025
10Q Filed 11/5/2021
23.9
21.6
22.7
9.2
7.7
5.9
2.7
3.2
3.1
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 82
XBRL? ✓  [ original filing ]
Total numbers found: 781

■ = Typical SHAK range from 2/26/2021 to 10/30/2025
10K Filed 2/26/2021
27.6
19.6
15.4
10.0
10.2
4.7
5.8
3.0
3.7
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 70
XBRL? ✓  [ original filing ]
Total numbers found: 1,315

■ = Typical SHAK range from 2/26/2021 to 10/30/2025
10Q Filed 5/1/2025
23.5
26.4
14.0
16.6
7.6
2.7
1.8
4.6
2.8
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 53
XBRL? ✓  [ original filing ]
Total numbers found: 565

■ = Typical SHAK range from 2/26/2021 to 10/30/2025
10Q Filed 8/2/2024
23.7
19.4
17.4
13.1
9.3
4.8
5.5
3.2
3.5
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 83
XBRL? ✓  [ original filing ]
Total numbers found: 793

■ = Typical SHAK range from 2/26/2021 to 10/30/2025
10Q Filed 11/3/2023
25.5
19.5
18.9
10.9
4.6
5.7
6.5
4.7
3.7
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 80
XBRL? ✓  [ original filing ]
Total numbers found: 801

■ = Typical SHAK range from 2/26/2021 to 10/30/2025
10K Filed 2/23/2023
24.1
22.1
14.5
10.6
8.1
6.3
5.5
5.3
3.6
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 96
XBRL? ✓  [ original filing ]
Total numbers found: 1,204

■ = Typical SHAK range from 2/26/2021 to 10/30/2025
10Q Filed 5/6/2022
28.2
20.9
19.3
10.4
5.5
6.2
4.4
2.6
2.6
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 85
XBRL? ✓  [ original filing ]
Total numbers found: 549

■ = Typical SHAK range from 2/26/2021 to 10/30/2025
10Q Filed 8/6/2021
27.8
21.5
23.7
7.9
4.7
4.8
4.0
2.4
3.1
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 69
XBRL? ✓  [ original filing ]
Total numbers found: 794

■ = Typical SHAK range from 2/26/2021 to 10/30/2025
RR 10K Filed 1/20/2026:
82
UGRO 10K Filed 1/16/2026:
95
ADBE 10K Filed 1/15/2026:
98
IIIN 10Q Filed 1/15/2026:
91
BMRA 10Q Filed 1/14/2026:
43
FNGR 10Q Filed 1/14/2026:
42
CVGW 10K Filed 1/14/2026:
54
NTRP 10Q Filed 1/14/2026:
74
DBMM 10Q Filed 1/14/2026:
7
RILY 10Q Filed 1/14/2026:
81
CODI 10Q Filed 1/14/2026:
100
RFIL 10K Filed 1/14/2026:
84
LOOP 10Q Filed 1/14/2026:
67
HOVR 10Q Filed 1/14/2026:
64
LEDS 10Q Filed 1/14/2026:
92
EACO 10Q Filed 1/13/2026:
54
SMCE 10Q Filed 1/13/2026:
89
RMCF 10Q Filed 1/13/2026:
78
BMNR 10Q Filed 1/13/2026:
42
BBCP 10K Filed 1/13/2026:
96
EDUC 10Q Filed 1/13/2026:
97
BZYR 10Q Filed 1/13/2026:
76
SODI 10Q Filed 1/13/2026:
97
PKE 10Q Filed 1/13/2026:
63
LEXX 10Q Filed 1/13/2026:
32
BPTH 10Q Filed 1/13/2026:
67
UBYH 10Q Filed 1/13/2026:
46
SOTK 10Q Filed 1/13/2026:
89
MOBX 10K Filed 1/12/2026:
100
SCPX 10Q Filed 1/12/2026:
80
AEHR 10Q Filed 1/12/2026:
68
ANIX 10K Filed 1/12/2026:
78
ALTS 10Q Filed 1/12/2026:
80
FC 10Q Filed 1/9/2026:
68
SLP 10Q Filed 1/9/2026:
85
HURC 10K Filed 1/9/2026:
91
WOR 10Q Filed 1/9/2026:
79
JBL 10Q Filed 1/9/2026:
95
TLRY 10Q Filed 1/8/2026:
80
APLD 10Q Filed 1/8/2026:
86
 

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