PBPB - NASDAQ

Potbelly Corporation

PBPB·NASDAQ

$17.12

+0.0000%

Consumer CyclicalRestaurants

Potbelly Corporation, through its subsidiaries, owns, operates, and franchises Potbelly sandwich shops. As of December 26, 2021, it had 443 shops in 33 states and the District of Columbia, which included 397 shops and 46 franchisees operated shops. The company was formerly known as Potbelly Sandwich Works, Inc. and changed its name to Potbelly Corporation in 2002. Potbelly Corporation was founded in 1977 and is headquartered in Chicago, Illinois.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$517.98M

EPS0.0824

P/E Ratio37.16

Earnings Date05/05/2026

263.15M

Assets

3Y+4.0%

5Y-21.0%

10Y+51.0%

205.20M

Total Liabilities

-14%

3Y-20.0%

5Y-22.0%

10Y+363.0%

57.95M

Total Equity

311%

3Y-2498.0%

5Y-16.0%

10Y-55.0%

Potbelly Corporation Funding & Solvency Profile

PBPB · NASDAQ

Current Assets

Cash & Cash Equivalents11.66M

Net Receivables9.77M

Inventory3.74M

Other Current Assets8.03M

Total Current Assets33 M

Non-Current Assets

Property, Plant & Equipment183.74M

Goodwill & Intangible Assets5.45M

Long-Term Investments815.00K

Other Non-Current Assets6.12M

Total Non-Current Assets191 M

Total Assets

263.15M

Financial Health Analysis

Current Ratio

0.51x

Warning: Liquidity concerns. Current assets may not be sufficient to cover short-term obligations.

Debt-to-Equity Ratio

3.54x

High financial leverage. Heavy reliance on debt may indicate increased financial risk and potential solvency concerns.

Working Capital

-32032000

Negative working capital indicates short-term liabilities exceed short-term assets—potential liquidity stress.

Asset Composition

13% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

Financial Health Insight

Financial stress indicators: Both liquidity and leverage metrics raise concerns. The company may face challenges meeting obligations and should focus on strengthening its balance sheet.

Potbelly Corporation Balance Sheet

PBPB • NASDAQ

Potbelly Corporation Balance Sheet	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011
ASSETS
CURRENT ASSETS
Cash and Cash Equivalents	11.7M	33.8M	15.6M	14.4M	11.1M	18.8M	19.8M	25.5M	23.4M	32M	63M	69.6M	22.6M	24.1M
Cash & Short-Term Investments	11.7M	33.8M	15.6M	14.4M	11.1M	18.8M	19.8M	25.5M	23.4M	32M	63M	69.6M	22.6M	24.1M
Net Receivables	9.8M	8M	6.4M	6M	4.4M	4.3M	4.7M	5.1M	3.8M	4.5M	4M	3M	3.3M	2.4M
Accounts Receivables	9.8M	8M	6.4M	6M	4.4M	4.3M	4.7M	5.1M	3.8M	4.5M	4M	3M	3.3M	2.4M
Inventory	3.7M	3.5M	4M	3.5M	3M	3.5M	3.5M	3.5M	3.4M	3.2M	2.8M	2.3M	1.9M	2.6M
Prepaids	0.0	0.0	0.0	4.2M	4.8M	5.7M	11.4M	11.1M	8M	10.2M	9.9M	5.7M	4.7M	4.8M
Other Current Assets	8M	7.8M	4.5M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	507K	1.3M	0.0	0.0
Total Current Assets	33.2M	53.1M	30.5M	28.1M	23.3M	32.2M	39.4M	45.2M	38.6M	49.8M	80.2M	81.8M	32.5M	33.9M
NON-CURRENT ASSETS
Property, Plant, and Equipment (Net)	183.7M	189.5M	205.4M	215.9M	250.3M	291M	87.8M	103.9M	107.1M	97.4M	85.7M	79M	69.3M	59.4M
Goodwill	2M	2.1M	2.2M	2.2M	2.2M	2.2M	2.2M	2.2M	2.2M	1.4M	1.4M	1.4M	1.4M	1.4M
Intangible Assets	3.4M	3.4M	3.4M	3.4M	3.4M	3.4M	3.4M	3.4M	3.4M	3.4M	3.4M	3.4M	3.4M	3.4M
Goodwill & Intangible Assets	5.5M	5.5M	5.6M	5.6M	5.6M	5.6M	5.6M	5.6M	5.6M	4.8M	4.8M	4.8M	4.8M	4.8M
Long-Term Investments	815K	749K	0.0	0.0	0.0	0.0	0.0	0.0	0.0	128K	0.0	0.0	0.0	0.0
Tax Assets	33.8M	0.0	0.0	0.0	0.0	0.0	13.4M	11.2M	19.4M	18.4M	17.9M	17.3M	16.1M	0.0
Other Non-Current Assets	6.1M	3.7M	3.6M	3.7M	4.1M	4M	7M	4.8M	4.8M	3.9M	3.3M	3.2M	4M	911K
Total Non-Current Assets	229.9M	199.4M	214.6M	225.2M	260M	300.7M	113.8M	125.5M	136.9M	124.7M	111.7M	104.3M	94.2M	65.2M
Total Assets	263.1M	252.5M	245.2M	253.2M	283.4M	332.9M	153.2M	170.7M	175.4M	174.5M	191.9M	186.1M	126.7M	99.1M
LIABILITIES
CURRENT LIABILITIES
Total Payables	9.6M	9.9M	10.7M	8.1M	7.5M	3.9M	3.8M	3.9M	3.1M	5.8M	3.3M	2.3M	3.7M	3.6M
Accounts Payable	9.6M	9.9M	10.7M	8.1M	7.5M	3.9M	3.8M	3.9M	3.1M	5.8M	3.3M	2.1M	2.6M	2.6M
Other Payables	0.0	0.0	0.0	2.2M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	1.2M	1.1M	1M
Accrued Expenses	22.4M	12.8M	23.9M	24M	19.5M	16.5M	19M	17.2M	17.7M	14.3M	11M	11.3M	10.9M	11.3M
Short Term Debt	0.0	1.3M	0.0	2.3M	333K	0.0	0.0	0.0	0.0	0.0	1M	74K	74K	70K
Capital Lease Obligations (Current)	22.8M	24.5M	27.4M	28.5M	35.3M	29.3M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Tax Payables	1.3M	2.1M	1.7M	2.2M	1.5M	2.2M	3.2M	2.9M	3.5M	2M	2.5M	1.2M	1.1M	1M
Deferred Revenue	10.4M	8M	7M	6.7M	1.5M	1.4M	0.0	0.0	0.0	0.0	0.0	1.5M	1.4M	1.4M
Other Current Liabilities	0.0	14.6M	0.0	122K	1.5M	2.6M	3.8M	4.4M	7M	5.1M	5.6M	4.1M	1.2M	1.1M
Total Current Liabilities	65.2M	71.1M	68.9M	69.9M	65.6M	53.8M	29M	27.4M	27.8M	25.2M	20.9M	18.7M	17.3M	17.5M
NON-CURRENT LIABILITIES
Long Term Debt	4M	19.2M	8.6M	17.5M	16M	0.0	0.0	0.0	0.0	0.0	0.0	1M	15.1M	15.2M
Deferred Revenue (Non-Current)	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	10.9M
Deferred Tax Liabilities (Non-Current)	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	760K
Other Non-Current Liabilities	8M	6.1M	2.4M	2M	7.2M	3.2M	28.7M	26.1M	23.4M	19.1M	14.7M	13.1M	12.7M	309K
Total Non-Current Liabilities	140M	167.3M	172M	185.8M	212.3M	209.9M	28.7M	26.1M	23.4M	19.1M	14.7M	14.1M	27.8M	27.1M
Capital Lease Obligations	150.7M	166.6M	188.4M	194.8M	224.5M	236M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Total Liabilities	205.2M	238.4M	240.9M	255.7M	277.9M	263.7M	57.7M	53.5M	51.2M	44.3M	35.6M	32.8M	45.1M	44.6M
SHAREHOLDERS' EQUITY
Treasury Stock	-120.3M	-116.7M	-115.4M	-114.6M	-113.3M	-112.7M	-108.4M	-85.3M	-72.3M	-50M	-10.2M	0.0	0.0	0.0
Preferred Stock	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	250.3M	239.8M
Common Stock	398K	389K	384K	380K	339K	331K	330K	318K	309K	303K	298K	291K	42K	40K
Additional Paid-In Capital	470.1M	462.6M	455.8M	452.6M	438.2M	435.3M	432.8M	421.7M	407.6M	399.5M	392M	383.1M	0.0	0.0
Retained Earnings	-293.5M	-333.8M	-338.9M	-343.3M	-319.5M	-254.1M	-229.6M	-220M	-213M	-221.2M	-226.9M	-231.2M	-170.5M	-187.4M
Accumulated Other Comprehensive Income/Loss	1.7M	2.2M	2.6M	2.6M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	909K	0.0	-100.8M
Other Total Stockholders' Equity	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	909K	909K	909K	0.0	1.6M	102.9M
Total Stockholders' Equity	58.4M	14.7M	4.5M	-2.3M	5.8M	68.8M	95.2M	116.7M	123.5M	129.4M	156.1M	153M	81.4M	54.5M
Total Equity	57.9M	14.1M	4.3M	-2.4M	5.5M	69.2M	95.5M	117.2M	124.2M	130.2M	156.3M	153.3M	81.6M	54.5M
Minority Interest	-439K	-600K	-204K	-95K	-275K	321K	362K	515K	751K	789K	266K	228K	196K	0.0
SUMMARY
Total Liabilities & Equity	263.1M	252.5M	245.2M	253.2M	283.4M	332.9M	153.2M	170.7M	175.4M	174.5M	191.9M	186.1M	126.7M	99.1M
Total Investments	815K	749K	0.0	0.0	0.0	0.0	0.0	0.0	0.0	128K	0.0	0.0	0.0	0.0
Total Debt	154.7M	187M	196.9M	214.7M	240.8M	236M	0.0	0.0	0.0	0.0	1M	1.1M	15.2M	15.2M
Net Debt	143.1M	153.2M	181.3M	200.3M	229.6M	217.2M	-19.8M	-25.5M	-23.4M	-32M	-62M	-68.5M	-7.4M	-8.9M
Shares Outstanding	30,256,074	30,256,074	30,256,074	30,256,074	30,256,074	30,256,074	30,256,074	30,256,074	30,256,074	30,256,074	30,256,074	30,256,074	30,256,074	30,256,074

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