v3.25.4

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 27, 2025	Dec. 28, 2024
Current assets
Cash and cash equivalents	$ 196,572	$ 315,910
Restricted cash	25,994	20,868
Accounts receivable, net	20,823	19,661
Prepaid expenses and other current assets	7,956	6,520
Advertising fund assets, restricted	16,143	32,659
Total current assets	267,488	395,618
Property and equipment, net	130,581	125,953
Operating lease assets	48,637	49,046
Goodwill	83,875	74,718
Trademarks	32,700	32,700
Investments	87,164	8,511
Other non-current assets, net	42,964	29,700
Total assets	693,409	716,246
Current liabilities
Accounts payable	12,846	6,943
Current portion of operating lease liabilities	3,232	1,059
Other current liabilities	49,744	46,782
Advertising fund liabilities	16,143	32,659
Total current liabilities	81,965	87,443
Long-term debt, net	1,209,094	1,206,201
Operating lease liabilities	58,080	58,169
Deferred revenues, net of current	47,721	38,877
Deferred income tax liabilities, net	33,142	1,085
Other non-current liabilities	169	57
Total liabilities	1,430,171	1,391,832
Commitments and contingencies (see Note 13)
Stockholders' deficit
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	287
Additional paid-in-capital	1,529	1,568
Retained deficit	(744,915)	(676,940)
Accumulated other comprehensive income (loss)	6,349	(501)
Total stockholders' deficit	(736,762)	(675,586)
Total liabilities and stockholders' deficit	$ 693,409	$ 716,246

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

Wingstop Inc. 10-K