Jersey Mike's (JMK) Files for IPO with $309.8M Revenue in 2025

Jersey Mike's has filed confidentially for an initial public offering (IPO), taking a step toward public trading. The company, which operates over 3,000 locations, reported revenue of $309.8 million in 2025, reflecting a 10.6% increase from the previous year. However, net income declined to $183.6 million, a decrease of 23.1%. This filing follows Blackstone's acquisition of a majority stake in Jersey Mike’s, valuing it at approximately $8 billion, and brings in former Wingstop CEO Charlie Morrison at the helm. Current market conditions and investor sentiment will likely dictate the success of the impending IPO.