Wingstop Inc.

Listed Company

WINGCIK 0001636222NasdaqLarge AcceleratedRetail-Eating PlacesDelawareFY ends Dec 26

Period

FY 2025

Revenue

$696.85M

Net Income

$174.27M

Total Assets

$693.41M

Equity

$-736.76M

Shares Out

27.23M

Op. Cash Flow

$153.06M

WING$142.17−56.74% · past yearDBEQ Basic

Daily closing prices

Business

Wingstop Inc. is a fast-casual chicken wings-focused restaurant chain operating globally through a highly-franchised model where substantially all locations are owned by independent franchisees. The company offers fresh, cooked-to-order chicken wings, boneless wings, tenders, and chicken sandwiches in multiple distinctive flavors, complemented by fries, vegetables, and house-made dips. Revenue derives primarily from royalty fees on franchisee sales, advertising fund contributions, and franchise fees, supplemented by company-operated restaurant sales. Wingstop operates domestically across most U.S. states and internationally in multiple countries and U.S. territories through a master-franchisee expansion model.

Summary from 10-K filed 2026-02-18

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total revenue	697	626	460	358	283
Cost of sales	96	92	71	—	—
Advertising expenses	262	233	167	123	84
Selling, general and administrative	128	117	97	67	63
Depreciation and amortization	25	19	13	11	8
(Gain) loss on disposal of assets	7	−1	95,000	1	−3
Total costs and expenses	518	460	347	266	209
Operating income	179	166	113	92	74
Interest expense, net	36	21	18	21	15
Investment (income) expense	−94	−3	57,000	573,000	−135,000
Income before income tax expense	237	147	94	69	59
Income tax expense	63	38	24	16	16
Net income	174	109	70	53	43
Basic (in usd per share)	6.23	3.72	2.36	1.77	1.43
Diluted (in usd per share)	6.21	3.7	2.35	1.77	1.42
Currency translation adjustment	7	−160,000	296,000	−381,000	−256,000
Other comprehensive income (loss)	7	−160,000	296,000	−381,000	−256,000
Comprehensive income	181	109	70	53	42

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	197	316	90	184	49
Restricted cash	26	21	11	13	3
Accounts receivable, net	21	20	12	9	7
Prepaid expenses and other current assets	8	7	5	4	5
Advertising fund assets, restricted	16	33	25	15	6
Total current assets	267	396	144	227	70
Property and equipment, net	131	126	91	67	55
Operating lease assets	49	49	19	—	—
Goodwill	84	75	68	63	57
Trademarks	33	33	33	33	33
Investments	87	9	—	—	—
Other non-current assets, net	43	30	15	26	25
Total assets	693	716	378	424	249
Accounts payable	13	7	5	5	5
Current portion of operating lease liabilities	3	1	2	—	—
Other current liabilities	50	47	39	35	28
Advertising fund liabilities	16	33	25	15	6
Total current liabilities	82	87	71	62	40
Long-term debt, net	1,209	1,206	712	707	469
Operating lease liabilities	58	58	18	—	—
Deferred revenues, net of current	48	39	30	27	28
Deferred income tax liabilities, net	33	1	4	4	7
Other non-current liabilities	169,000	57,000	187,000	15	14
Total liabilities	1,430	1,392	835	815	559
Commitments and contingencies (see Note 13)	—	—	—	—	—
Common stock, $0.01 par value; 100,000,000 shares authorized; 27,540,619 and 28,662,614 shares issued and outstanding as of December 27, 2025 and December 28, 2024, respectively	275,000	287,000	293,000	300,000	299,000
Additional paid-in-capital	2	2	3	3	463,000
Retained deficit	−745	−677	−460	−393	−310
Accumulated other comprehensive income (loss)	6	−501,000	−341,000	−637,000	−256,000
Total stockholders' deficit	−737	−676	−457	−391	−310
Total liabilities and stockholders' deficit	693	716	378	424	249

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Deferred income taxes	36	−2	−2	−3	3
Stock-based compensation expense	25	22	16	4	10
Gain on sale of investment	−92	0	0	—	—
Non cash investment income	−9	0	0	—	—
Amortization of debt issuance costs	3	2	2	2	1
Accounts receivable	−1	−7	−3	−2	−2
Prepaid expenses and other assets	−11	−13	599,000	584,000	−3
Advertising fund assets and liabilities, net	−17	5	10	5	−11
Accounts payable and other current liabilities	3	3	11	5	−268,000
Deferred revenue	10	9	4	−712,000	3
Other non-current liabilities	317,000	12	70,000	−27,000	188,000
Cash provided by operating activities	153	158	122	76	49
Purchases of property and equipment	−47	−52	−41	−24	−28
Acquisition of restaurants from franchisee	−19	−14	−11	−8	−5
Proceeds from sales of assets	17	4	320,000	4	7
Payments for investments	−77	−500,000	−808,000	−997,000	−4
Proceeds from sale of investments	108	0	0	—	—
Cash used in investing activities	−17	−62	−52	−29	−30
Proceeds from exercise of stock options	1	2	951,000	3	748,000
Purchases of common stock	−222	−315	−125	0	0
Borrowings of long-term debt	0	500	0	250	0
Repayments of long-term debt	0	0	−4	−3	−2
Payment of deferred financing costs and other debt-related costs	0	−9	0	−5	0
Tax payments for restricted stock upon vesting	−14	−4	−2	−315,000	−2
Dividends paid	−32	−29	−25	−141	−20
Cash (used in) provided by financing activities	−267	145	−155	103	−23
Net change in cash, cash equivalents, and restricted cash	−131	240	−86	151	−4
Accrued capital expenditures	6	4	3	7	5
Cash paid for interest	52	23	23	20	15
Cash paid for taxes	27	39	28	14	10

Filings

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Frequently asked questions

What is Wingstop Inc.'s CIK number?

Wingstop Inc.'s SEC CIK number is 0001636222 (1636222). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find Wingstop Inc.'s SEC filings?

All of Wingstop Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did Wingstop Inc. last report earnings?

Wingstop Inc. (WING) most recently filed an earnings 8-K with the SEC on Apr 29, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001636222-26-000015). This is Wingstop Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is Wingstop Inc.'s most recent earnings 8-K?

Wingstop Inc.'s latest earnings 8-K (Item 2.02) was filed Apr 29, 2026 under accession 0001636222-26-000015. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View Wingstop Inc.'s latest earnings 8-K →
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