Balance Sheet: Assets
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Chipotle Mexican Grill Inc., consolidated balance sheet: assets (quarterly data)

US$ in thousands

	Jun 30, 2026	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021
Cash and cash equivalents	228,199)	246,636)	350,545)	698,743)	844,524)	725,597)	748,537)	698,547)	806,528)	727,394)	560,609)	602,307)	504,866)	409,727)	384,000)	366,623)	520,933)	615,863)	815,374)	721,109)	668,269)	694,776)
Accounts receivable, net	100,307)	94,934)	156,466)	95,844)	105,004)	101,594)	143,963)	93,202)	97,542)	89,836)	115,535)	71,122)	60,985)	65,869)	106,880)	71,276)	83,636)	89,295)	99,599)	76,099)	75,697)	68,449)
Inventory	46,622)	44,685)	49,508)	46,436)	40,402)	41,387)	48,942)	49,848)	35,560)	37,947)	39,309)	40,177)	36,004)	34,599)	35,668)	33,752)	29,456)	29,852)	32,826)	28,450)	25,159)	24,304)
Prepaid expenses and other current assets	115,953)	126,278)	120,450)	100,542)	96,506)	103,945)	97,538)	87,896)	91,852)	98,118)	117,462)	104,038)	103,422)	98,389)	86,412)	76,439)	73,716)	70,403)	78,756)	72,821)	71,613)	61,615)
Income tax receivable	—)	—)	91,393)	109,684)	80,721)	—)	67,229)	82,087)	71,529)	—)	52,960)	—)	—)	—)	47,741)	112,064)	97,874)	50,701)	94,064)	318,593)	284,612)	244,122)
Current investments	449,658)	624,786)	698,591)	722,531)	701,968)	689,125)	674,378)	668,676)	683,287)	692,474)	734,838)	851,699)	851,142)	652,858)	515,136)	417,278)	240,684)	240,379)	260,945)	301,534)	322,460)	363,585)
Current assets	940,739)	1,137,319)	1,466,953)	1,773,780)	1,869,125)	1,661,648)	1,780,587)	1,680,256)	1,786,298)	1,645,769)	1,620,713)	1,669,343)	1,556,419)	1,261,442)	1,175,837)	1,077,432)	1,046,299)	1,096,493)	1,381,564)	1,518,606)	1,447,810)	1,456,851)
Leasehold improvements, property and equipment, net	2,866,970)	2,767,047)	2,679,361)	2,594,005)	2,503,429)	2,436,762)	2,390,126)	2,320,395)	2,265,694)	2,202,739)	2,170,038)	2,093,011)	2,021,964)	1,981,329)	1,951,147)	1,871,623)	1,813,348)	1,779,521)	1,769,278)	1,719,224)	1,666,184)	1,613,670)
Long-term investments	97,079)	96,397)	197,123)	347,694)	518,680)	701,056)	868,025)	892,487)	972,644)	776,815)	564,488)	473,247)	430,762)	368,023)	388,055)	442,620)	359,911)	333,088)	274,311)	188,344)	150,814)	110,928)
Restricted cash	35,554)	35,662)	35,364)	30,893)	30,704)	30,526)	29,842)	27,969)	27,664)	26,138)	25,554)	25,315)	25,106)	25,133)	24,966)	30,974)	30,895)	30,872)	30,856)	27,891)	27,877)	27,863)
Operating lease assets	4,768,273)	4,614,939)	4,463,010)	4,385,099)	4,203,989)	4,075,748)	4,000,127)	3,954,689)	3,770,997)	3,670,983)	3,578,548)	3,555,808)	3,433,719)	3,334,277)	3,302,402)	3,309,051)	3,209,934)	3,147,061)	3,118,294)	3,094,045)	2,945,912)	2,858,345)
Other assets	134,031)	129,916)	130,781)	128,438)	120,928)	116,415)	113,728)	113,935)	74,599)	66,866)	63,082)	72,830)	62,526)	61,229)	63,158)	63,798)	63,010)	58,283)	56,716)	57,518)	59,918)	59,463)
Goodwill	21,939)	21,939)	21,939)	21,939)	21,939)	21,939)	21,939)	21,939)	21,939)	21,939)	21,939)	21,939)	21,939)	21,939)	21,939)	21,939)	21,939)	21,939)	21,939)	21,939)	21,939)	21,939)
Long-term assets	7,923,846)	7,665,900)	7,527,578)	7,508,068)	7,399,669)	7,382,446)	7,423,787)	7,331,414)	7,133,537)	6,765,480)	6,423,649)	6,242,150)	5,996,016)	5,791,930)	5,751,667)	5,740,005)	5,499,037)	5,370,764)	5,271,394)	5,108,961)	4,872,644)	4,692,208)
Total assets	8,864,585)	8,803,219)	8,994,531)	9,281,848)	9,268,794)	9,044,094)	9,204,374)	9,011,670)	8,919,835)	8,411,249)	8,044,362)	7,911,493)	7,552,435)	7,053,372)	6,927,504)	6,817,437)	6,545,336)	6,467,257)	6,652,958)	6,627,567)	6,320,454)	6,149,059)

Total assets exhibit a general upward trajectory over the analyzed period, increasing from approximately 6.15 billion USD in March 2021 to 8.86 billion USD by June 2026. This growth is primarily driven by a consistent expansion in long-term assets, which offset a significant contraction in current assets observed toward the end of the period.

Fixed Asset Expansion: A sustained increase is observed in long-term assets, rising from 4.69 billion USD in March 2021 to 7.92 billion USD in June 2026. The primary drivers of this growth are operating lease assets and net property and equipment. Operating lease assets grew from 2.86 billion USD to 4.77 billion USD, while leasehold improvements and property and equipment increased from 1.61 billion USD to 2.87 billion USD. This pattern indicates a continuous investment in physical infrastructure and capacity expansion.
Liquidity and Current Asset Trends: Current assets displayed moderate growth and volatility between 2021 and mid-2025, peaking at 1.87 billion USD in June 2025. However, a sharp decline occurred thereafter, with current assets falling to 940.74 million USD by June 2026. This contraction is largely attributable to a decrease in cash and cash equivalents, which dropped from a peak of 844.52 million USD in June 2025 to 228.20 million USD in June 2026.
Investment Portfolio Dynamics: The company's investment strategy shows a cycle of accumulation followed by liquidation. Current investments grew from 363.59 million USD in March 2021 to a peak of 851.70 million USD in September 2023, before declining to 449.66 million USD by June 2026. Similarly, long-term investments peaked at 972.64 million USD in June 2024 and subsequently declined to 97.08 million USD by June 2026. This suggests a reallocation of liquid capital toward the funding of long-term fixed assets.
Working Capital Components: Inventory levels remained relatively stable for the first several years but showed a gradual increase, moving from 24.30 million USD in March 2021 to 46.62 million USD by June 2026. Accounts receivable and prepaid expenses followed a similar gradual growth path, reflecting an increase in operational scale. Goodwill remained stagnant at 21.94 million USD throughout the entire duration, indicating no significant acquisitions contributing to the asset base during this timeframe.

The overall financial positioning reflects a strategic shift toward aggressive capital expenditure in physical assets, funded by the reduction of cash reserves and the liquidation of short- and long-term investment portfolios. While the total asset base has expanded, the liquidity profile has tightened significantly in the final quarters of the analyzed period.

Chipotle Mexican Grill Inc. (NYSE:CMG)

Balance Sheet: Assets
Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Chipotle Mexican Grill Inc. (NYSE:CMG)

Balance Sheet: AssetsQuarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data