Chipotle Mexican Grill, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026, with the Securities and Exchange Commission on October 29, 2026, reporting third-quarter total revenue of $3,293,162 thousand and net income of $339,874 thousand.

Key Highlights

  • Total revenue: $3,293,162 thousand for the three months ended September 30, 2026, compared with $3,003,444 thousand in the same period of 2025.
  • Net income: $339,874 thousand for Q3 2026, down from $382,103 thousand in Q3 2025.
  • Diluted earnings per share: $0.27 for the three months ended September 30, 2026, compared with $0.29 in the prior-year quarter.
  • Nine-month revenue: $9,729,966 thousand for the nine months ended September 30, 2026, versus $8,942,090 thousand for the same period of 2025.
  • Total assets: $9,432,683 thousand as of September 30, 2026, up from $8,994,531 thousand as of December 31, 2025.
  • Share count: As of October 26, 2026, there were 1,264,975 thousand shares of common stock outstanding.
  • Cash and cash equivalents: $634,210 thousand as of September 30, 2026, compared with $350,545 thousand as of December 31, 2025.

Chipotle Mexican Grill Q3 2026 Financial Results and Balance Sheet Overview

According to the filing, Chipotle Mexican Grill, Inc. (NYSE:CMG) reported total revenue of $3,293,162 thousand for the three months ended September 30, 2026, consisting of food and beverage revenue of $3,277,942 thousand and delivery service revenue of $15,220 thousand. For the same quarter of 2025, total revenue was $3,003,444 thousand. Income from operations for Q3 2026 was $451,964 thousand, compared with $477,172 thousand in Q3 2025, according to the condensed consolidated statements of income.

The filing reported total operating expenses of $2,841,198 thousand for the third quarter of 2026, which included food, beverage and packaging costs of $972,360 thousand, labor of $847,507 thousand, occupancy of $179,403 thousand, other operating costs of $525,735 thousand, general and administrative expenses of $185,228 thousand, depreciation and amortization of $102,611 thousand, pre-opening costs of $15,104 thousand, and impairment, closure costs, and asset disposals of $13,250 thousand. The provision for income taxes was reported as $117,251 thousand for the quarter, resulting in net income of $339,874 thousand.

On the balance sheet as of September 30, 2026, the company disclosed total shareholders' equity of $2,455,144 thousand, compared with $2,830,607 thousand as of December 31, 2025. Retained earnings stood at $154,473 thousand, down from $619,908 thousand at December 31, 2025. The filing also noted that during the quarter ended March 31, 2025, the company repurchased 10,796 thousand shares of common stock for $591,521 thousand in aggregate. Long-term operating lease liabilities were reported at $5,277,474 thousand as of September 30, 2026.

What Was Disclosed

Chipotle filed its unaudited quarterly report covering the period ended September 30, 2026, disclosing revenue, expenses, net income, earnings per share, balance sheet figures, and shareholders' equity activity for both the three-month and nine-month periods.