Modified · General

As of December 31, 20242025, we owned and operated 3,644 3,938 Chipotle restaurants throughout the United States (“U.S.”) and 82104 international Chipotle restaurants. Additionally, we had three14 international licensedpartner-operated restaurants. Partner-operated restaurants represent Chipotle restaurants over which Chipotle does not have a controlling financial interest and for which Chipotle does not directly manage day-to-day operations. This includes restaurants operated by third parties pursuant to license or franchise agreements and restaurants in which Chipotle holds a minority, non-controlling ownership interest. We manage our U.S. operations based on ten11 regions and aggregate our operations to one reportable segment. Our revenue is derived from sales by our restaurants.