SG · Sweetgreen, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $161.52M | - | $172.39M | $185.58M | $166.30M | - | $173.43M | $184.64M | $157.85M | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | $300.0K | $300.0K | $300.0K | - |
| SG&A | $29.27M | - | $30.90M | $34.51M | $38.34M | - | $36.78M | $39.20M | $36.87M | - |
| Total Operating Expenses | $50.55M | - | $58.79M | $61.55M | $58.22M | - | $56.12M | $57.70M | $55.45M | - |
| D&A | $18.63M | - | $18.30M | $18.00M | $17.11M | - | $16.91M | $16.74M | $16.43M | - |
| Operating Income | ($34.35M) | - | ($36.27M) | ($26.42M) | ($28.54M) | - | ($21.18M) | ($16.18M) | ($26.91M) | - |
| Interest Expense | $28.0K | - | $7.0K | $5.0K | $0 | - | $26.0K | $197.0K | $19.0K | - |
| Income Tax | $1.78M | - | $90.0K | $90.0K | $90.0K | - | $90.0K | $90.0K | $90.0K | - |
| Net Income | $125.81M | - | ($36.15M) | ($23.16M) | ($25.04M) | - | ($20.82M) | ($14.46M) | ($26.07M) | - |
| EPS - Basic | $1.06 | - | ($0.31) | ($0.20) | ($0.21) | - | ($0.18) | ($0.13) | ($0.23) | - |
| EPS - Diluted | $1.05 | - | ($0.31) | ($0.20) | ($0.21) | - | ($0.18) | ($0.13) | ($0.23) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $156.80M | $89.18M | $129.97M | $168.45M | $183.89M | $214.79M | $234.62M | $244.58M | $243.76M | $257.23M |
| Accounts Receivable | $7.04M | $5.17M | $6.80M | $6.67M | $7.91M | $5.03M | $7.14M | $6.49M | $5.59M | $3.50M |
| Inventory | $2.59M | $2.38M | $2.44M | $2.41M | $2.12M | $1.99M | $2.10M | $2.04M | $1.85M | $2.07M |
| Accounts Payable | $17.43M | $19.89M | $19.02M | $20.38M | $18.36M | $18.70M | $18.13M | $21.60M | $19.72M | $17.38M |
| Current Assets | $175.31M | $129.66M | $149.68M | $190.33M | $206.17M | $234.54M | $255.30M | $265.79M | $263.69M | $276.11M |
| Total Assets | $912.69M | $788.10M | $824.77M | $831.88M | $834.32M | $856.76M | $857.98M | $859.17M | $842.70M | $856.56M |
| Current Liabilities | $109.13M | $118.65M | $115.95M | $104.46M | $104.82M | $115.83M | $98.52M | $97.62M | $87.33M | $91.58M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $423.76M | $431.98M | $431.47M | $408.58M | $401.57M | $410.61M | $394.68M | $389.04M | $372.42M | $373.96M |
| Stockholders' Equity | $488.93M | $356.13M | $393.30M | $423.30M | $432.75M | $446.14M | $463.30M | $470.13M | $470.28M | $482.60M |
| Retained Earnings | ($883.61M) | ($1.01B) | ($959.70M) | ($923.55M) | ($900.40M) | ($875.36M) | ($846.33M) | ($825.51M) | ($811.05M) | ($784.99M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($17.16M) | - | - | - | ($13.13M) | - | - | - | $3.43M | - |
| Investing Cash Flow | $85.21M | - | - | - | ($19.13M) | - | - | - | ($15.02M) | - |
| Financing Cash Flow | ($411.0K) | - | - | - | $1.43M | - | - | - | ($1.88M) | - |
| CapEx | $12.39M | - | - | - | $16.73M | - | - | - | $13.41M | - |
| Free Cash Flow | ($29.56M) | - | - | - | ($29.86M) | - | - | - | ($9.98M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | -21.3% | - | -21.0% | -14.2% | -17.2% | - | -12.2% | -8.8% | -17.1% | - |
| EBITDA margin | -9.7% | - | -10.4% | -4.5% | -6.9% | - | -2.5% | 0.3% | -6.6% | - |
| Net margin | 77.9% | - | -21.0% | -12.5% | -15.1% | - | -12.0% | -7.8% | -16.5% | - |
| Free cash flow margin | -18.3% | - | - | - | -18.0% | - | - | - | -6.3% | - |
| FCF / Net income | -0.23 | - | - | - | 1.19 | - | - | - | 0.38 | - |
| R&D / Revenue | - | - | - | - | - | - | 0.2% | 0.2% | 0.2% | - |
| SG&A / Revenue | 18.1% | - | 17.9% | 18.6% | 23.1% | - | 21.2% | 21.2% | 23.4% | - |
| Effective tax rate | 1.4% | - | - | - | - | - | - | - | - | - |
| Return on assets | 13.8% | - | -4.4% | -2.8% | -3.0% | - | -2.4% | -1.7% | -3.1% | - |
| Return on equity | 25.7% | - | -9.2% | -5.5% | -5.8% | - | -4.5% | -3.1% | -5.5% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 1.61 | 1.09 | 1.29 | 1.82 | 1.97 | 2.02 | 2.59 | 2.72 | 3.02 | 3.02 |
| Quick ratio | 1.58 | 1.07 | 1.27 | 1.80 | 1.95 | 2.01 | 2.57 | 2.70 | 3.00 | 2.99 |
| Cash ratio | 1.44 | 0.75 | 1.12 | 1.61 | 1.75 | 1.85 | 2.38 | 2.51 | 2.79 | 2.81 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | -1226.6x | - | -5182.0x | -5284.6x | - | - | -814.4x | -82.2x | -1416.6x | - |
| Equity multiplier | 1.87 | 2.21 | 2.10 | 1.97 | 1.93 | 1.92 | 1.85 | 1.83 | 1.79 | 1.77 |
| Liabilities / Assets | 0.46 | 0.55 | 0.52 | 0.49 | 0.48 | 0.48 | 0.46 | 0.45 | 0.44 | 0.44 |
| Efficiency | ||||||||||
| Asset turnover | 0.18 | - | 0.21 | 0.22 | 0.20 | - | 0.20 | 0.21 | 0.19 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 16d | - | 14d | 13d | 17d | - | 15d | 13d | 13d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 4.5x | - | - | - | - | - | - | - | - | - |
| P / B | 1.2x | - | 2.5x | 3.8x | 6.9x | - | 8.9x | 7.3x | 6.1x | - |
| P / S | 3.5x | - | 5.6x | 8.6x | 18.0x | - | 23.8x | 18.5x | 18.0x | - |
| EV / EBITDA | - | - | - | - | - | - | - | 5748.2x | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -2.9% | - | -0.6% | 0.5% | 5.4% | - | 13.0% | 21.1% | 26.2% | - |
| Revenue CAGR (3y) | 8.9% | - | 11.6% | 29.1% | 17.5% | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | -20.4% | - | -71.3% | -63.3% | -6.0% | - | 20.1% | 48.2% | 23.8% | - |
| Net income growth (YoY) | - | - | -73.6% | -60.2% | 3.9% | - | 16.9% | 47.0% | 22.6% | - |
| EPS growth (YoY) | - | - | -72.2% | -53.8% | 8.7% | - | 18.2% | 45.8% | 23.3% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | 1.0% | - | - | - | -199.1% | - | - | - | 70.6% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 13.0% | -20.2% | -15.1% | -10.0% | -8.0% | -7.6% | -7.4% | -8.1% | -10.0% | -10.8% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-28.
Product / service
$679.47M totalIn Store Channel$259.65M · 38.2%
Owned Digital Channels$234.87M · 34.6%
Marketplace Channel$184.95M · 27.2%
Peer comparison
Same SIC group: Retail-Eating Places
Comparing Sweetgreen against the 5 most active filers in the same SIC group.