Chefs' Warehouse Inc (CHEF) financial statements: income statement, balance sheet and cash flow

Chefs' Warehouse Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 26, 2025 · FY), Chefs' Warehouse Inc reported revenue of $4.1B (+9.4% year on year) and net income of $72.4M (+30.4% year on year).

Income statement

Chefs' Warehouse Inc income statement, fiscal years

Line item	Dec 26, 2025 · FY	Dec 27, 2024 · FY	Dec 29, 2023 · FY	Dec 30, 2022 · FY
Net sales	$4.1B	$3.8B	$3.4B	$2.6B
Cost of sales	$3.1B	$2.9B	$2.6B	$2.0B
Gross profit	$1.0B	$914.1M	$814.5M	$618.6M
Selling, general and administrative expenses	$849.8M	$784.9M	$704.8M	$518.2M
Other operating expenses, net	$9.2M	$1.1M	$8.8M	$14.7M
Operating income	$145.1M	$128.2M	$100.9M	$85.7M
Interest expense	$41.6M	$48.7M	$45.5M	$43.8M
Income before income taxes	$103.5M	$79.5M	$55.5M	$41.9M
Provision for income tax expense	$31.2M	$24.1M	$20.9M	$14.1M
Net income	$72.4M	$55.5M	$34.6M	$27.8M
Foreign currency translation adjustments	$1.0M	($2.0M)	$353.0K	($163.0K)
Comprehensive income	$73.4M	$53.5M	$34.9M	$27.6M
Basic (in dollars per share)	$1.87	$1.46	$0.92	$0.75
Diluted (in dollars per share)	$1.68	$1.32	$0.88	$0.73
Basic (in shares)	38.7M	37.9M	37.6M	37.1M
Diluted (in shares)	46.0M	46.0M	45.6M	38.7M

Chefs' Warehouse Inc income statement, quarters

Line item	Jun 26, 2026 · Q2	Mar 27, 2026 · Q1	Sep 26, 2025 · Q3	Jun 27, 2025 · Q2
Net sales	$1.2B	$1.1B	$1.0B	$1.0B
Cost of sales	$875.7M	$801.6M	$774.1M	$780.6M
Gross profit	$292.9M	$257.4M	$247.2M	$254.3M
Selling, general and administrative expenses	$234.2M	$224.1M	$208.1M	$213.8M
Other operating expenses, net	$81.0K	$89.0K	$130.0K	$373.0K
Operating income	$58.6M	$33.1M	$38.9M	$40.2M
Interest expense	$9.4M	$10.4M	$10.5M	$10.7M
Income before income taxes	$49.2M	$22.7M	$28.4M	$29.5M
Provision for income tax expense	$15.5M	$5.4M	$9.3M	$8.3M
Net income	$33.8M	$17.4M	$19.1M	$21.2M
Foreign currency translation adjustments	($428.0K)	($225.0K)	($353.0K)	$842.0K
Comprehensive income	$33.3M	$17.1M	$18.8M	$22.1M
Basic (in dollars per share)	$0.87	$0.45	$0.50	$0.55
Diluted (in dollars per share)	$0.76	$0.40	$0.44	$0.49
Basic (in shares)	38.9M	38.8M	38.6M	38.9M
Diluted (in shares)	46.0M	46.1M	45.8M	46.0M

Balance sheet

Chefs' Warehouse Inc balance sheet, fiscal years

Line item	Dec 26, 2025 · FY	Dec 27, 2024 · FY	Dec 29, 2023 · FY	Dec 30, 2022 · FY
Cash and cash equivalents	$121.0M	$114.7M	$49.9M	$158.8M
Accounts receivable, net of allowances ($26,965 in 2025 and $22,341 in 2024)	$392.4M	$366.3M	$334.0M	$260.2M
Inventories	$385.7M	$316.0M	$284.5M	$245.7M
Prepaid expenses and other current assets	$70.8M	$71.1M	$62.5M	$56.2M
Total current assets	$969.9M	$868.0M	$730.9M	$720.9M
Property and equipment, net	$342.0M	$275.8M	$234.8M	$185.7M
Operating lease right-of-use assets	$205.3M	$191.4M	$192.3M	$156.6M
Goodwill	$362.7M	$356.3M	$356.0M	$287.1M
Intangible assets, net	$137.3M	$160.4M	$184.9M	$155.7M
Other assets	$10.8M	$6.8M	$6.4M	$3.3M
Total assets	$2.0B	$1.9B	$1.7B	$1.5B
Accounts payable	$275.6M	$266.8M	$200.5M	$163.4M
Accrued liabilities	$78.5M	$68.5M	$70.7M	$54.3M
Short-term operating lease liabilities	$24.8M	$22.0M	$24.2M	$19.4M
Accrued compensation	$66.3M	$50.1M	$37.1M	$34.2M
Current portion of long-term debt	$28.2M	$18.0M	$53.2M	$12.4M
Total current liabilities	$473.5M	$425.4M	$385.8M	$283.7M
Long-term debt, net of current portion	$720.3M	$688.7M	$664.8M	$653.5M
Operating lease liabilities	$201.5M	$187.1M	$184.0M	$151.4M
Deferred taxes, net	$22.4M	$15.9M	$14.4M	$0
Other liabilities	$5.9M	$3.9M	$1.6M	$13.0M
Total liabilities	$1.4B	$1.3B	$1.3B	$1.1B
Preferred Stock - $0.01 par value, 5,000,000 shares authorized, no shares issued and outstanding at December 26, 2025 and December 27, 2024, respectively	0	0	0	0
Common Stock - $0.01 par value, 100,000,000 shares authorized, 40,679,813 and 40,248,884 shares issued and outstanding at December 26, 2025 and December 27, 2024, respectively	407.0K	402.0K	396.0K	386.0K
Additional paid in capital	$405.0M	$399.1M	$356.2M	$337.9M
Accumulated other comprehensive loss	($2.8M)	($3.8M)	($1.8M)	($2.2M)
Retained earnings	$201.6M	$141.9M	$100.0M	$65.4M
Total stockholders’ equity	$604.3M	$537.6M	$454.7M	$401.5M
Total liabilities and stockholders’ equity	$2.0B	$1.9B	$1.7B	$1.5B

Chefs' Warehouse Inc balance sheet, quarters

Line item	Jun 26, 2026	Mar 27, 2026	Sep 26, 2025	Jun 27, 2025
Cash and cash equivalents	$135.5M	$122.7M	$65.1M	$96.9M
Accounts receivable, net of allowances ($27,112 in 2026, $26,965 in 2025)	$395.9M	$377.4M	$347.5M	$350.8M
Inventories	$379.8M	$364.0M	$385.4M	$367.9M
Prepaid expenses and other current assets	$64.6M	$66.8M	$71.0M	$67.9M
Total current assets	$975.8M	$930.9M	$869.0M	$883.4M
Property and equipment, net	$348.9M	$345.4M	$337.7M	$310.8M
Operating lease right-of-use assets	$201.0M	$207.8M	$200.7M	$201.5M
Goodwill	$363.4M	$362.7M	$356.6M	$356.5M
Intangible assets, net	$126.1M	$131.6M	$144.4M	$148.4M
Other assets	$11.1M	$11.3M	$7.6M	$6.7M
Total assets	$2.0B	$2.0B	$1.9B	$1.9B
Accounts payable	$246.1M	$233.0M	$227.9M	$278.9M
Accrued liabilities	$91.1M	$84.1M	$76.5M	$73.0M
Short-term operating lease liabilities	$24.3M	$25.0M	$24.0M	$22.1M
Accrued compensation	$61.9M	$56.0M	$55.7M	$46.9M
Current portion of long-term debt	$31.0M	$29.5M	$21.6M	$19.1M
Total current liabilities	$454.3M	$427.7M	$405.7M	$439.9M
Long-term debt, net of current portion	$693.7M	$720.9M	$711.7M	$690.2M
Operating lease liabilities	$197.7M	$202.7M	$196.8M	$198.7M
Deferred taxes, net	$27.7M	$23.8M	$20.8M	$16.9M
Other liabilities	$4.6M	$6.0M	$4.4M	$3.8M
Total liabilities	$1.4B	$1.4B	$1.3B	$1.3B
Preferred Stock - $0.01 par value, 5,000,000 shares authorized, no shares issued and outstanding at June 26, 2026 and December 26, 2025, respectively	0	0	0	0
Common Stock - $0.01 par value, 100,000,000 shares authorized, 40,783,752 and 40,679,813 shares issued and outstanding at June 26, 2026 and December 26, 2025, respectively	408.0K	408.0K	407.0K	407.0K
Additional paid-in capital	$406.9M	$400.6M	$399.4M	$395.1M
Accumulated other comprehensive loss	($3.4M)	($3.0M)	($3.1M)	($2.8M)
Retained earnings	$244.4M	$210.6M	$180.0M	$165.0M
Total stockholders’ equity	$648.2M	$608.6M	$576.6M	$557.7M
Total liabilities and stockholders’ equity	$2.0B	$2.0B	$1.9B	$1.9B

Cash flow statement

Chefs' Warehouse Inc cash flow statement, fiscal years

Line item	Dec 26, 2025 · FY	Dec 27, 2024 · FY	Dec 29, 2023 · FY	Dec 30, 2022 · FY
Net income	$72.4M	$55.5M	$34.6M	$27.8M
Depreciation and amortization of property and equipment	$53.7M	$40.6M	$32.9M	$24.3M
Amortization of intangible assets	$24.5M	$24.4M	$22.7M	$13.9M
Provision for allowance for credit losses	$12.1M	$12.0M	$8.1M	$6.0M
Provision for deferred income taxes	$6.5M	$1.5M	$8.1M	$9.6M
Stock compensation	$21.2M	$17.8M	$20.0M	$13.6M
Change in fair value of contingent earn-out liabilities	$0	($3.3M)	$3.1M	$8.5M
Intangible asset impairment	$8.0M	$0	$1.8M	$0
Non-cash interest and other operating activities	$6.4M	$5.5M	$5.5M	—
Accounts receivable	($35.9M)	($44.8M)	($48.8M)	($48.2M)
Inventories	($67.1M)	($32.2M)	($28.8M)	($49.9M)
Prepaid expenses and other current assets	$404.0K	($6.0M)	($7.2M)	($17.6M)
Accounts payable, accrued liabilities and accrued compensation	$31.4M	$87.3M	$19.6M	$19.2M
Other assets and liabilities	($4.4M)	($5.7M)	($10.0M)	($1.3M)
Net cash provided by operating activities	$129.2M	$153.1M	$61.6M	$23.1M
Capital expenditures	($41.4M)	($49.5M)	($57.4M)	($45.8M)
Cash paid for acquisitions, net of cash acquired	($4.6M)	($315.0K)	($121.9M)	($186.2M)
Cash paid for contingent earn-out liabilities	($750.0K)	—	—	($3.8M)
Net cash used in investing activities	($46.8M)	($49.8M)	($179.3M)	($232.0M)
Payment of debt and other financing obligations	($13.0M)	($23.0M)	($29.0M)	—
Payment of finance leases	($15.6M)	($7.1M)	($4.3M)	—
Payment of deferred financing fees	($658.0K)	$0	($1.7M)	($19.0M)
Common stock repurchases	($15.0M)	($17.4M)	—	—
Proceeds from exercise of stock options	$0	$175.0K	$55.0K	$69.0K
Surrender of shares to pay withholding taxes	-12.0M	-7.4M	-2.1M	-2.7M
Cash paid for contingent earn-out liabilities	$0	($3.8M)	($11.6M)	—
Borrowings under asset-based loan and revolving credit facilities	$0	$46.4M	$60.0M	$42.2M
Payments under asset-based loan and revolving credit facilities	($20.0M)	($26.4M)	($2.2M)	($20.0M)
Net cash (used in) provided by financing activities	($76.2M)	($38.5M)	$9.0M	$253.2M
Effect of foreign currency on cash and cash equivalents	$89.0K	$19.0K	($260.0K)	($681.0K)
Net change in cash and cash equivalents	$6.3M	$64.8M	($108.9M)	$43.6M
Cash and cash equivalents at beginning of year	$114.7M	$49.9M	$158.8M	$115.2M
Cash and cash equivalents at end of year	$121.0M	$114.7M	$49.9M	$158.8M

Chefs' Warehouse Inc cash flow statement, quarters

Line item	Jun 26, 2026 · YTD	Mar 27, 2026 · Q1	Sep 26, 2025 · YTD	Jun 27, 2025 · YTD
Net income	$51.1M	$17.4M	$50.7M	$31.5M
Depreciation and amortization of property and equipment	$30.2M	$14.8M	$39.0M	$25.3M
Amortization of intangible assets	$11.2M	$5.7M	$18.2M	$12.1M
Provision for allowance for credit losses	$8.1M	$5.3M	$9.6M	$6.6M
Provision for deferred income taxes	$5.2M	$1.3M	$4.9M	$1.1M
Stock compensation	$12.8M	$5.3M	$14.6M	$9.6M
Non-cash interest and other operating activities	$1.6M	($273.0K)	$5.3M	$3.6M
Accounts receivable	($11.8M)	$9.7M	$11.3M	$9.3M
Inventories	$5.4M	$21.6M	($70.1M)	($51.4M)
Prepaid expenses and other current assets	$4.1M	$3.6M	($1.1M)	$2.0M
Accounts payable, accrued liabilities and accrued compensation	($19.3M)	($45.4M)	($26.8M)	$14.7M
Other assets and liabilities	($1.9M)	($583.0K)	($257.0K)	($344.0K)
Net cash provided by operating activities	$96.7M	$38.3M	$55.4M	$64.1M
Capital expenditures	($16.9M)	($7.7M)	($33.3M)	($22.3M)
Cash paid for acquisitions, net of cash acquired	($283.0K)	—	$0	$0
Net cash used in investing activities	($17.2M)	($7.7M)	($33.3M)	($22.3M)
Payment of debt and other financing obligations	($6.5M)	($5.8M)	($12.3M)	($11.5M)
Payment of finance leases	($10.2M)	($5.0M)	($11.8M)	($6.5M)
Common stock repurchases	($10.0M)	($10.0M)	($15.0M)	($10.0M)
Proceeds from exercise of stock options	$2.0M	$2.0M	$0	—
Surrender of shares to pay withholding taxes	-10.2M	-10.1M	-11.8M	-11.6M
Payments under asset-based loan facility	($30.0M)	$0	($20.0M)	($20.0M)
Net cash used in financing activities	($64.9M)	($28.8M)	($71.6M)	($59.6M)
Effect of foreign currency on cash and cash equivalents	($89.0K)	($55.0K)	($17.0K)	$112.0K
Net change in cash and cash equivalents	$14.5M	$1.7M	($49.6M)	($17.8M)
Cash and cash equivalents-beginning of period	$121.0M	$121.0M	$114.7M	$114.7M
Cash and cash equivalents-end of period	$135.5M	$122.7M	$65.1M	$96.9M

Chefs' Warehouse Inc score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.