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Revenue Recognition
6 Months Ended
Jun. 30, 2025
Revenue from Contract with Customer [Abstract]  
Revenue Recognition Revenue Recognition
Gift Cards
The gift card liability included in unearned revenue on the condensed consolidated balance sheets was as follows:
June 30,
2025
December 31,
2024
Gift card liability$144,763 $181,771 
Revenue recognized from the redemption of gift cards that was included in unearned revenue at the beginning of the year was as follows:
Three months ended
June 30,
Six months ended
June 30,
2025202420252024
Revenue recognized from gift card liability balance at the beginning of the year$14,629 $12,385 $67,598 $57,197 
Chipotle Rewards
Changes in our Chipotle Rewards liability included in unearned revenue on the condensed consolidated balance sheets were as follows:
Three months ended
June 30,
Six months ended
June 30,
2025202420252024
Chipotle Rewards liability, beginning balance$58,389 $47,324 $56,806 $44,750 
Revenue deferred45,690 41,227 87,258 80,232 
Revenue recognized(42,207)(39,368)(82,192)(75,799)
Chipotle Rewards liability, ending balance$61,872 $49,183 $61,872 $49,183