POTBELLY CORP
PBPBConsumer Discretionary · Retail-Eating Places · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | |
|---|---|---|---|---|---|---|
| Revenue | $462.6M | $491.4M | $452.0M | $380.1M | $87.6M | $98.1M |
| Operating income | $11.0M | $10.0M | −$3.8M | −$22.5M | −$17.0M | −$4.7M |
| Net income | $40.3M | $5.1M | $4.3M | −$23.8M | −$13.3M | −$18.4M |
| Total assets | $263.1M | $252.5M | $245.2M | $253.2M | $283.4M | $332.9M |
| Total liabilities | $205.2M | $238.4M | $240.9M | $255.7M | $277.9M | $263.7M |
| Equity | $58.4M | $14.7M | $4.5M | −$2.3M | $5.8M | $68.8M |
| EPS (diluted) | $1.31 | $0.17 | $0.15 | $-0.86 | $-0.56 | $-0.76 |
| Shares out. | 29.6M | 28.9M | 28.8M | 28.0M | 23.6M | 24.1M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2024- Operating margin
- 2.4%
- Net margin
- 8.7%
- Return on equity
- 69.0%
- Return on assets
- 15.3%
- Return on capital (ROCE)
- 5.6%
- Liabilities / assets
- 78.0%
- Debt / equity
- 3.51×
- Book value / share
- $1.97
- Revenue growth (YoY)
- −5.9%
- Net income growth (YoY)
- 687.1%
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2024- Altman Z″ (distress)
- -3.86distress
- Accruals / assets
- 7.8%moderate
- Piotroski F-Score
- 5/9mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 1 severe● 2 warning● 3 good- Altman Z″ in the distress zone
- Revenue declined year-over-year
- High leverage (liabilities > 70% of assets)
- Operating margin is positive
- Strong return on equity (>15%)
- Positive operating cash flow
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Glazer Capital, LlcPassive (13G)Sep 29, 2025
- Portolan Capital Management, LlcPassive (13G)Jun 27, 2025
- Nierenberg Investment Management Company, Inc.Activist (13D)Mar 17, 2025
- Renaissance Technologies LlcPassive (13G)Nov 13, 2024
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| Oct 15, 2025 | 836,221 | 2.0 | -3.7% |
| Sep 30, 2025 | 867,990 | 1.0 | -4.8% |
| Sep 15, 2025 | 911,286 | 1.0 | -22.2% |
| Aug 29, 2025 | 1.2M | 5.8 | -2.5% |
| Aug 15, 2025 | 1.2M | 4.0 | +7.3% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Entered a material agreement · Completed an acquisition or disposition · Delisting / listing-standard notice · Modified shareholder rights · Change in control · Director / officer change · Amended charter or bylaws · Other material eventOct 23, 2025
- Entered a material agreement · Director / officer change · Other material eventSep 10, 2025
- Results of operationsAug 6, 2025
- Shareholder vote · Other material eventMay 16, 2025
- Results of operationsMay 7, 2025
- Amended charter or bylawsApr 4, 2025
- Results of operationsMar 6, 2025
- Results of operationsJan 13, 2025
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.