About Potbelly
Potbelly is a company based in Chicago (United States) founded in 1977 was acquired by RaceTrac in September 2025. Potbelly has raised $58 million across 4 funding rounds from investors including American Securities, Privet Fund Management and Oak Investment Partners. The company has 5,000 employees as of December 31, 2024. Potbelly operates in a competitive market with competitors including Burger King, Cracker Barrel, First Watch, YUM! Brands and Restaurant Brands International, among others.
- Headquarter Chicago, United States
- Employees 5000 as on 31 Dec, 2024
- Stage Public
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Sectors
Consumer
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Phone
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Website
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Social
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- Legal Name Potbelly Corporation
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Annual Revenue
$462.6 M (USD)-5.86as on Dec 31, 2024
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Net Profit
$40.29 M (USD)687.15as on Dec 31, 2024
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EBITDA
$25.54 M (USD)8.89as on Dec 31, 2024
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Total Equity Funding
$58 M (USD)
in 4 rounds
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Latest Funding Round
Not available
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Investors
American Securities
& 5 more
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Employee Count
5000
as on Dec 31, 2024
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Acquired by
RaceTrac
(Sep 10, 2025)
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IPO & Listings of Potbelly
Potbelly is a publicly listed company on the NASDAQ with ticker symbol PBPB in USA, operating in the Consumer services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
People of Potbelly
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Leadership Team
13 people
Finance and Accounting
9 people
Software Development Team
9 people
Sales and Marketing
7 people
Product Management Team
5 people
General Team
5 people
Legal and Compliance
3 people
Human Resources and Administration
3 people
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Funding Insights of Potbelly
Potbelly has successfully raised a total of $58M across 4 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Potbelly
Potbelly has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include American Securities, Privet Fund Management and Oak Investment Partners.
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Early-stage tech and life-sciences firms are funded across the US.
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Investor details for Potbelly
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Investments & Acquisitions by Potbelly
Investment portfolio details for Potbelly
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Financial Statements - Potbelly
Detailed financials for Potbelly
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- Profit trends
- Statement rows
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Potbelly Comparisons
Peer comparison for Potbelly
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Competitors of Potbelly
Potbelly operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Burger King, Cracker Barrel, First Watch, YUM! Brands and Restaurant Brands International, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Burgers and fast food are served by a restaurant chain.
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A chain of limited-service restaurants is operated nationwide.
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A chain of limited-service restaurants is operated nationwide.
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Restaurants chains
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Quick-service restaurant brands are operated on a global scale.
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Detailed competitors of Potbelly
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Latest news on Potbelly
Complete news archive for Potbelly
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Frequently Asked Questions about Potbelly
Potbelly was founded in 1977 and raised its 1st funding round 24 years after it was founded.
Potbelly is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Alan Johnson is the current CEO of Potbelly.
Potbelly is a funded company, having raised a total of $58M across 4 funding rounds to date.
As of Dec 31, 2024, the latest employee count at Potbelly is 5,000.
Annual revenue of Potbelly is $462.6M as on Dec 31, 2024.
Potbelly Sandwich Works was established in 1977 in Chicago, Illinois, within the quick-service restaurant sector. Sandwich-focused outlets are owned and operated across 26 U.S. states, while 12 franchised locations are maintained in the Middle East. Operations center on providing accessible dining services, with the headquarters situated in the United States.
Potbelly's top competitors include Burger King, Cracker Barrel and First Watch.
Yes, Potbelly is publicly traded on NASDAQ under the ticker symbol PBPB.
Potbelly has 6 investors. Key investors include American Securities, Privet Fund Management, Oak Investment Partners, Maverick Ventures, and Waveland Investments.
The ticker symbol of Potbelly is PBPB on NASDAQ.