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CHIPOTLE MEXICAN GRILL INC

For the period ended Sep 30, 2025. Filed Oct 30, 2025.

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About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2025 · Filed Oct 30, 2025

CMG$35.92+0.5%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Condensed Consolidated Balance Sheets

(in thousands, except per share data)

September 30,2025December 31,2024
(unaudited)
Assets
Current assets:
Cash and cash equivalents$698,743$748,537
Accounts receivable, net95,844143,963
Inventory46,43648,942
Prepaid expenses and other current assets100,54297,538
Income tax receivable109,68467,229
Investments722,531674,378
Total current assets1,773,7801,780,587
Leasehold improvements, property and equipment, net2,594,0052,390,126
Long-term investments347,694868,025
Restricted cash30,89329,842
Operating lease assets4,385,0994,000,127
Other assets128,438113,728
Goodwill21,93921,939
Total assets$9,281,848$9,204,374
Liabilities and shareholders' equity
Current liabilities:
Accounts payable$260,190$210,695
Accrued payroll and benefits193,156261,913
Accrued liabilities196,961179,747
Unearned revenue206,730238,577
Current operating lease liabilities293,027277,836
Total current liabilities1,150,0641,168,768
Commitments and contingencies (Note 11)
Long-term operating lease liabilities4,687,0904,262,782
Deferred income tax liabilities140,48046,208
Other liabilities82,37671,070
Total liabilities6,060,0105,548,828
Shareholders' equity:
Preferred stock, $0.01 par value, 600,000 shares authorized, no shares issued as of September 30, 2025 and December 31, 2024, respectively--
Common stock, $0.01 par value, 11,500,000 shares authorized, 1,325,678 and 1,358,751 shares issued as of September 30, 2025 and December 31, 2024, respectively13,25713,586
Additional paid-in capital2,177,7742,078,010
Accumulated other comprehensive loss(7,927)(10,282)
Retained earnings1,038,7341,574,232
Total shareholders' equity3,221,8383,655,546
Total liabilities and shareholders' equity$9,281,848$9,204,374
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.