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Sweetgreen (SG) Financials

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$6.95 +0.37 (+5.68%)
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Annual Income Statements for Sweetgreen

Annual Income Statements for Sweetgreen

This table shows Sweetgreen's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024 2025
Period end date 12/27/2020 12/26/2021 12/25/2022 12/31/2023 12/29/2024 12/28/2025
Net Income / (Loss) Attributable to Common Shareholders		 -141 -153 -190 -113 -90 -134
Consolidated Net Income / (Loss)		 -141 -153 -190 -113 -90 -134
Net Income / (Loss) Continuing Operations		 -141 -153 -190 -113 -90 -134
Total Pre-Tax Income 		-141 -153 -189 -113 -92 -134
Total Operating Income		 -142 -134 -193 -122 -96 -139
Total Gross Profit		 -8.70 40 69 102 133 104
Total Revenue		 221 340 470 584 677 679
Operating Revenue		 221 340 470 584 677 679
Total Cost of Revenue		 229 299 401 482 544 576
Operating Cost of Revenue		 229 299 401 482 544 576
Total Operating Expenses		 133 175 263 224 229 243
Selling, General & Admin Expense		 99 125 187 147 150 143
Depreciation Expense		 27 36 46 59 67 72
Impairment Charge		 1.46 4.92 2.54 0.62 2.22 12
Restructuring Charge		 0.00 0.00 14 7.44 2.28 3.63
Other Special Charges / (Income)		 5.44 9.30 12 9.95 6.87 12
Total Other Income / (Expense), net		 0.37 -19 4.24 9.34 4.03 5.30
Interest Expense		 0.40 0.09 0.08 0.13 0.26 0.02
Interest & Investment Income		 1.02 0.45 5.14 13 11 6.55
Other Income / (Expense), net		 -0.25 -19 -0.82 -3.48 -6.66 -1.23
Income Tax Expense		 0.00 0.15 1.35 0.38 -1.30 0.05
Basic Earnings per Share		 ($8.80) ($5.51) ($1.73) ($1.01) ($0.79) ($1.14)
Weighted Average Basic Shares Outstanding		 16.05M 27.78M 110.13M 111.91M 114.32M 117.96M
Diluted Earnings per Share		 ($8.80) ($5.51) ($1.73) ($1.01) ($0.79) ($1.14)
Weighted Average Diluted Shares Outstanding		 16.05M 27.78M 110.13M 111.91M 114.32M 117.96M
Weighted Average Basic & Diluted Shares Outstanding		 - - 111.40M 112.98M 117.30M 118.80M

Quarterly Income Statements for Sweetgreen

This table shows Sweetgreen's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/24/2023 12/31/2023 3/31/2024 6/30/2024 9/29/2024 12/29/2024 3/30/2025 6/29/2025 9/28/2025 12/28/2025 3/29/2026
Net Income / (Loss) Attributable to Common Shareholders		 -25 -27 -26 -14 -21 -29 -25 -23 -36 -50 126
Consolidated Net Income / (Loss)		 -25 -27 -26 -14 -21 -29 -25 -23 -36 -50 126
Net Income / (Loss) Continuing Operations		 -25 -27 -26 -14 -21 -29 -25 -23 -36 -50 126
Total Pre-Tax Income 		-25 -28 -26 -14 -21 -31 -25 -23 -36 -50 128
Total Operating Income		 -26 -29 -27 -16 -21 -31 -29 -26 -36 -48 -34
Total Gross Profit		 29 25 29 42 35 28 30 35 23 16 16
Total Revenue		 153 153 158 185 173 161 166 186 172 155 162
Operating Revenue		 153 153 158 185 173 161 166 186 172 155 162
Total Cost of Revenue		 124 128 129 143 138 133 137 150 150 139 145
Operating Cost of Revenue		 124 128 129 143 138 133 137 150 150 139 145
Total Operating Expenses		 56 54 55 58 56 59 58 62 59 64 51
Selling, General & Admin Expense		 36 36 37 39 37 37 38 35 31 40 29
Depreciation Expense		 16 16 16 17 17 17 17 18 18 18 19
Impairment Charge		 0.13 0.15 0.16 0.12 0.11 1.83 0.09 5.34 4.58 2.06 0.64
Restructuring Charge		 0.81 0.99 0.51 0.49 0.50 0.78 0.91 1.15 1.11 0.47 0.51
Other Special Charges / (Income)		 3.01 1.21 1.50 1.15 1.82 2.40 1.78 2.57 3.90 3.97 1.51
Total Other Income / (Expense), net		 1.75 1.30 0.94 1.81 0.45 0.83 3.59 3.36 0.22 -1.86 162
Interest Expense		 0.02 0.07 0.02 0.20 0.03 0.01 0.00 0.01 0.01 0.01 0.03
Interest & Investment Income		 3.38 3.25 3.02 2.92 2.75 2.25 1.90 1.73 1.50 1.42 1.41
Other Income / (Expense), net		 -1.61 -1.88 -2.06 -0.91 -2.28 -1.41 1.69 1.64 -1.27 -3.28 161
Income Tax Expense		 0.32 -0.58 0.09 0.09 0.09 -1.57 0.09 0.09 0.09 -0.22 1.78
Basic Earnings per Share		 ($0.22) ($0.25) ($0.23) ($0.13) ($0.18) ($0.25) ($0.21) ($0.20) ($0.31) ($0.42) $1.06
Weighted Average Basic Shares Outstanding		 112.18M 111.91M 112.77M 113.58M 114.75M 114.32M 117.31M 117.83M 118.28M 117.96M 118.66M
Diluted Earnings per Share		 ($0.22) ($0.25) ($0.23) ($0.13) ($0.18) ($0.25) ($0.21) ($0.20) ($0.31) ($0.42) $1.05
Weighted Average Diluted Shares Outstanding		 112.18M 111.91M 112.77M 113.58M 114.75M 114.32M 117.31M 117.83M 118.28M 117.96M 120.23M
Weighted Average Basic & Diluted Shares Outstanding		 112.43M 112.98M 113.31M 114.14M 115.67M 117.30M 117.68M 118.21M 118.37M 118.80M 118.83M

Annual Cash Flow Statements for Sweetgreen

This table details how cash moves in and out of Sweetgreen's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024 2025
Period end date 12/27/2020 12/26/2021 12/25/2022 12/31/2023 12/29/2024 12/28/2025
Net Change in Cash & Equivalents		 -147 370 -141 -74 -40 -124
Net Cash From Operating Activities		 -90 -65 -43 26 43 -13
Net Cash From Continuing Operating Activities		 -90 -65 -43 26 43 -13
Net Income / (Loss) Continuing Operations		 -141 -153 -190 -113 -90 -134
Consolidated Net Income / (Loss)		 -141 -153 -190 -113 -90 -134
Depreciation Expense		 27 36 46 59 67 72
Amortization Expense		 0.44 0.50 0.44 1.03 1.08 1.10
Non-Cash Adjustments To Reconcile Net Income		 4.58 38 109 85 73 86
Changes in Operating Assets and Liabilities, net		 19 15 -8.72 -5.36 -7.95 -37
Net Cash From Investing Activities		 -58 -98 -102 -96 -92 -114
Net Cash From Continuing Investing Activities		 -58 -98 -102 -96 -92 -114
Purchase of Property, Plant & Equipment		 -48 -85 -97 -90 -84 -106
Acquisitions		 -10 -13 -5.38 -6.12 -7.74 -7.81
Other Investing Activities, net		 0.03 0.25 0.24 0.12 -0.01 0.05
Net Cash From Financing Activities		 2.15 532 4.63 -5.20 8.90 2.86
Net Cash From Continuing Financing Activities		 2.15 532 4.63 -5.20 8.90 2.86
Other Financing Activities, net		 2.15 26 4.76 -5.20 8.90 2.86
Cash Interest Paid		 0.38 0.00 0.00 0.05 0.18 0.02

Quarterly Cash Flow Statements for Sweetgreen

This table details how cash moves in and out of Sweetgreen's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/24/2023 12/31/2023 3/31/2024 6/30/2024 9/29/2024 12/29/2024 3/30/2025 6/29/2025 9/28/2025 12/28/2025 3/29/2026
Net Change in Cash & Equivalents		 -5.59 -18 -13 1.28 -7.90 -20 -31 -14 -39 -41 68
Net Cash From Operating Activities		 13 8.92 3.43 19 15 6.12 -13 10 -1.38 -8.65 -17
Net Cash From Continuing Operating Activities		 13 8.92 3.43 19 15 6.12 -13 10 -1.38 -8.65 -17
Net Income / (Loss) Continuing Operations		 -25 -27 -26 -14 -21 -29 -25 -23 -36 -50 126
Consolidated Net Income / (Loss)		 -25 -27 -26 -14 -21 -29 -25 -23 -36 -50 126
Depreciation Expense		 16 16 16 17 17 17 17 18 18 18 19
Amortization Expense		 0.26 0.27 0.27 0.27 0.27 0.27 0.27 0.28 0.28 0.28 0.30
Non-Cash Adjustments To Reconcile Net Income		 -7.35 34 12 19 18 19 19 22 21 24 -145
Changes in Operating Assets and Liabilities, net		 29 -14 1.18 -2.35 0.43 -1.39 -24 -6.93 -4.39 -1.24 -17
Net Cash From Investing Activities		 -21 -16 -15 -21 -27 -29 -19 -25 -38 -32 85
Net Cash From Continuing Investing Activities		 -21 -16 -15 -21 -27 -29 -19 -25 -38 -32 85
Purchase of Property, Plant & Equipment		 -19 -15 -13 -19 -25 -27 -17 -24 -36 -30 -12
Acquisitions		 -1.89 -1.65 -1.61 -1.98 -1.87 -2.28 -2.50 -1.80 -1.66 -1.86 -2.42
Other Investing Activities, net		 0.08 0.15 0.00 - -0.00 -0.01 0.10 - -0.03 -0.02 100
Net Cash From Financing Activities		 2.60 -10 -1.88 3.41 4.30 3.06 1.43 0.99 0.33 0.11 -0.41
Net Cash From Continuing Financing Activities		 2.60 -10 -1.88 3.41 4.30 3.06 1.43 0.99 0.33 0.11 -0.41
Repurchase of Common Equity		 -0.00 - 0.00 - - - -0.26 -0.00 -0.00 - -0.42
Other Financing Activities, net		 2.60 -10 -1.88 3.41 4.30 3.06 1.68 1.00 0.34 -0.15 0.01
Cash Interest Paid		 - 0.05 - - 0.01 - 0.00 - 0.01 0.01 0.03

Annual Balance Sheets for Sweetgreen

This table presents Sweetgreen's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2021 2022 2023 2024 2025
Period end date 12/26/2021 12/25/2022 12/31/2023 12/29/2024 12/28/2025
Total Assets		 763 909 857 857 788
Total Current Assets		 507 346 276 235 130
Cash & Equivalents		 472 332 257 215 89
Accounts Receivable		 2.64 3.24 3.50 5.03 5.17
Inventories, net		 0.90 1.38 2.07 1.99 2.38
Prepaid Expenses		 14 8.16 5.77 7.84 6.38
Other Current Assets		 17 1.75 7.45 4.88 27
Plant, Property, & Equipment, net		 181 235 267 296 327
Total Noncurrent Assets		 75 328 313 326 332
Long-Term Investments		 - - - - 0.00
Goodwill		 36 36 36 36 28
Intangible Assets		 33 31 27 24 10
Other Noncurrent Operating Assets		 6.49 261 250 266 293
Total Liabilities & Shareholders' Equity		 763 909 857 857 788
Total Liabilities		 110 368 374 411 432
Total Current Liabilities		 48 73 92 116 119
Accounts Payable		 11 12 17 19 20
Accrued Expenses		 16 22 21 27 34
Current Employee Benefit Liabilities		 12 6.58 13 15 8.14
Other Current Liabilities		 1.84 30 37 56 56
Other Current Nonoperating Liabilities		 - - - 0.00 1.09
Total Noncurrent Liabilities		 62 295 282 295 313
Noncurrent Deferred & Payable Income Tax Liabilities		 0.13 1.41 1.77 0.36 0.27
Other Noncurrent Operating Liabilities		 21 294 281 294 313
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 653 541 483 446 356
Total Preferred & Common Equity		 653 541 483 446 356
Total Common Equity		 653 541 483 446 356
Common Stock		 1,129 1,213 1,268 1,322 1,366
Retained Earnings		 -476 -672 -785 -875 -1,009

Quarterly Balance Sheets for Sweetgreen

This table presents Sweetgreen's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/25/2022 3/26/2023 6/25/2023 9/24/2023 3/31/2024 6/30/2024 9/29/2024 3/30/2025 6/29/2025 9/28/2025 3/29/2026
Total Assets		 700 896 887 880 843 859 858 834 832 825 913
Total Current Assets		 413 319 306 299 264 266 255 206 190 150 175
Cash & Equivalents		 381 297 280 275 244 245 235 184 168 130 157
Accounts Receivable		 4.58 5.06 7.82 9.89 5.59 6.49 7.14 7.91 6.67 6.81 7.04
Inventories, net		 1.20 1.28 3.15 3.35 1.85 2.04 2.10 2.12 2.41 2.44 2.59
Prepaid Expenses		 10 7.54 7.61 5.98 6.77 7.57 6.43 7.29 9.28 7.03 7.69
Other Current Assets		 17 8.14 7.49 4.71 5.62 5.10 4.92 4.86 3.52 3.35 1.19
Plant, Property, & Equipment, net		 208 247 260 264 267 276 285 298 305 321 318
Total Noncurrent Assets		 78 330 321 317 311 317 317 330 337 353 419
Long-Term Investments		 - - - - - - - - - - 86
Goodwill		 36 36 36 36 36 36 36 36 36 36 28
Intangible Assets		 31 30 29 29 26 26 25 24 23 22 10
Other Noncurrent Operating Assets		 12 264 255 252 249 256 257 270 278 296 295
Total Liabilities & Shareholders' Equity		 700 896 887 880 843 859 858 834 832 825 913
Total Liabilities		 117 373 376 380 372 389 395 402 409 431 424
Total Current Liabilities		 48 73 78 81 87 98 99 105 104 116 109
Accounts Payable		 8.69 13 15 14 20 22 18 18 20 19 17
Accrued Expenses		 17 21 21 21 22 25 28 26 28 33 33
Current Employee Benefit Liabilities		 11 8.76 11 14 10 14 14 9.19 9.64 8.20 9.07
Other Current Liabilities		 3.82 31 30 31 32 34 35 47 40 48 49
Other Current Nonoperating Liabilities		 - - - - - - - - - - 0.00
Total Noncurrent Liabilities		 69 300 298 298 285 291 296 297 304 316 315
Noncurrent Deferred & Payable Income Tax Liabilities		 0.18 1.73 2.05 2.37 1.86 1.95 2.04 0.45 0.54 0.63 0.63
Other Noncurrent Operating Liabilities		 19 298 296 296 283 289 294 296 304 315 314
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 583 523 511 500 470 470 463 433 423 393 489
Total Preferred & Common Equity		 583 523 511 500 470 470 463 433 423 393 489
Total Common Equity		 583 523 511 500 470 470 463 433 423 393 489
Common Stock		 1,196 1,228 1,244 1,258 1,281 1,296 1,310 1,333 1,347 1,353 1,373
Retained Earnings		 -613 -705 -733 -758 -811 -826 -846 -900 -924 -960 -884

Annual Metrics And Ratios for Sweetgreen

This table displays calculated financial ratios and metrics derived from Sweetgreen's official financial filings.

Metric 2020 2021 2022 2023 2024 2025
Period end date 12/27/2020 12/26/2021 12/25/2022 12/31/2023 12/29/2024 12/28/2025
Growth Metrics		 - - - - - -
Revenue Growth		 0.00% 54.06% 38.32% 24.24% 15.89% 0.39%
EBITDA Growth		 0.00% -2.44% -25.48% 55.65% 48.03% -100.11%
EBIT Growth		 0.00% -8.15% -26.58% 35.20% 18.65% -37.31%
NOPAT Growth		 0.00% 5.08% -43.85% 36.72% 21.77% -45.57%
Net Income Growth		 0.00% -8.46% -24.33% 40.46% 20.29% -48.35%
EPS Growth		 0.00% 37.39% 68.60% 41.62% 21.78% -44.30%
Operating Cash Flow Growth		 0.00% 28.58% 33.10% 161.34% 63.86% -129.26%
Free Cash Flow Firm Growth		 0.00% 0.00% 40.48% 38.42% 27.14% -82.58%
Invested Capital Growth		 0.00% 0.00% 15.71% 7.27% 2.89% 15.85%
Revenue Q/Q Growth		 0.00% 0.00% 4.94% 6.27% 1.18% -0.83%
EBITDA Q/Q Growth		 0.00% 0.00% 11.01% 26.14% -1.71% -35.14%
EBIT Q/Q Growth		 0.00% 0.00% 7.38% 13.44% -1.66% -15.18%
NOPAT Q/Q Growth		 0.00% 0.00% 0.04% 13.09% -2.29% -13.58%
Net Income Q/Q Growth		 0.00% 0.00% 8.16% 16.15% -1.82% -18.25%
EPS Q/Q Growth		 0.00% 0.00% 8.47% 16.53% 0.00% -17.53%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% 20.09% 28,070.21% -6.07% -711.27%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 17.13% -7.88% -11.28%
Invested Capital Q/Q Growth		 0.00% 0.00% 3.56% -0.33% 1.37% 1.93%
Profitability Metrics		 - - - - - -
Gross Margin		 -3.94% 11.89% 14.74% 17.45% 19.64% 15.24%
EBITDA Margin		 -51.92% -34.53% -31.32% -11.18% -5.01% -9.99%
Operating Margin		 -64.18% -39.54% -41.13% -20.95% -14.14% -20.50%
EBIT Margin		 -64.29% -45.13% -41.30% -21.54% -15.12% -20.68%
Profit (Net Income) Margin		 -64.01% -45.07% -40.51% -19.41% -13.35% -19.73%
Tax Burden Percent		 100.00% 100.10% 100.71% 100.34% 98.58% 100.03%
Interest Burden Percent		 99.57% 99.76% 97.39% 89.82% 89.56% 95.35%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 0.00% -103.87% -69.27% -39.42% -29.37% -39.06%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% -78.83% -55.55% -30.01% -19.47% -14.93%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 56.97% 37.38% 17.27% 9.91% 5.64%
Return on Equity (ROE)		 0.00% -46.91% -31.89% -22.15% -19.46% -33.42%
Cash Return on Invested Capital (CROIC)		 0.00% -303.87% -83.84% -46.44% -32.22% -53.75%
Operating Return on Assets (OROA)		 0.00% -20.11% -23.23% -14.25% -11.95% -17.09%
Return on Assets (ROA)		 0.00% -20.08% -22.79% -12.84% -10.55% -16.30%
Return on Common Equity (ROCE)		 0.00% -46.91% -31.89% -22.15% -19.46% -33.42%
Return on Equity Simple (ROE_SIMPLE)		 0.00% -23.45% -35.19% -23.49% -20.26% 0.00%
Net Operating Profit after Tax (NOPAT)		 -99 -94 -135 -86 -67 -98
NOPAT Margin		 -44.93% -27.68% -28.79% -14.66% -9.90% -14.35%
Net Nonoperating Expense Percent (NNEP)		 0.00% -25.04% -13.71% -9.41% -9.90% -24.13%
Return On Investment Capital (ROIC_SIMPLE)		 - - -25.01% -17.75% -15.02% -27.38%
Cost of Revenue to Revenue		 103.94% 88.11% 85.26% 82.55% 80.36% 84.76%
SG&A Expenses to Revenue		 44.94% 36.79% 39.86% 25.13% 22.15% 21.10%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 60.24% 51.43% 55.86% 38.40% 33.78% 35.74%
Earnings before Interest and Taxes (EBIT)		 -142 -153 -194 -126 -102 -141
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -115 -117 -147 -65 -34 -68
Valuation Ratios		 - - - - - -
Price to Book Value (P/BV)		 0.00 0.62 1.81 2.63 8.39 2.32
Price to Tangible Book Value (P/TBV)		 0.00 0.70 2.06 3.03 9.70 2.60
Price to Revenue (P/Rev)		 1.65 1.20 2.08 2.18 5.53 1.21
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 3.09 4.51 15.26 2.75
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 1.38 1.73 5.21 1.08
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 38.26 81.34 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage		 0.00 -0.72 -0.67 -0.58 -0.51 -0.38
Leverage Ratio		 0.00 1.17 1.40 1.72 1.84 2.05
Compound Leverage Factor		 0.00 1.16 1.36 1.55 1.65 1.96
Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 0.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00
Altman Z-Score		 0.00 1.86 0.74 1.21 4.60 -0.36
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - -
Current Ratio		 0.00 10.66 4.77 3.02 2.02 1.09
Quick Ratio		 0.00 9.99 4.62 2.85 1.90 0.80
Cash Flow Metrics		 - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -275 -164 -101 -74 -134
Operating Cash Flow to CapEx		 -187.66% -76.36% -44.56% 29.53% 51.38% -11.92%
Free Cash Flow to Firm to Interest Expense		 0.00 -3,163.51 -1,973.52 -788.10 -287.11 -7,063.14
Operating Cash Flow to Interest Expense		 -223.64 -741.71 -520.11 206.88 169.49 -668.21
Operating Cash Flow Less CapEx to Interest Expense		 -342.82 -1,713.10 -1,687.45 -493.69 -160.42 -6,273.05
Efficiency Ratios		 - - - - - -
Asset Turnover		 0.00 0.45 0.56 0.66 0.79 0.83
Accounts Receivable Turnover		 0.00 128.55 159.68 173.15 158.58 133.23
Inventory Turnover		 0.00 331.64 350.67 279.33 268.18 263.53
Fixed Asset Turnover		 0.00 1.88 2.26 2.33 2.40 2.18
Accounts Payable Turnover		 0.00 26.75 34.20 32.55 30.15 29.85
Days Sales Outstanding (DSO)		 0.00 2.84 2.29 2.11 2.30 2.74
Days Inventory Outstanding (DIO)		 0.00 1.10 1.04 1.31 1.36 1.39
Days Payable Outstanding (DPO)		 0.00 13.65 10.67 11.21 12.11 12.23
Cash Conversion Cycle (CCC)		 0.00 -9.71 -7.35 -7.80 -8.44 -8.10
Capital & Investment Metrics		 - - - - - -
Invested Capital		 0.00 181 210 225 231 268
Invested Capital Turnover		 0.00 3.75 2.41 2.69 2.97 2.72
Increase / (Decrease) in Invested Capital		 0.00 181 28 15 6.51 37
Enterprise Value (EV)		 0.00 -64 647 1,013 3,529 736
Market Capitalization		 364 408 978 1,270 3,744 825
Book Value per Share		 $0.00 $23.51 $4.88 $4.29 $3.86 $3.01
Tangible Book Value per Share		 $0.00 $21.03 $4.28 $3.73 $3.34 $2.69
Total Capital		 0.00 653 541 483 446 356
Total Debt		 0.00 0.00 0.00 0.00 0.00 0.00
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt		 0.00 -472 -332 -257 -215 -89
Capital Expenditures (CapEx)		 48 85 97 90 84 106
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 -13 -58 -73 -96 -78
Debt-free Net Working Capital (DFNWC)		 0.00 459 274 185 119 11
Net Working Capital (NWC)		 0.00 459 274 185 119 11
Net Nonoperating Expense (NNE)		 42 59 55 28 23 37
Net Nonoperating Obligations (NNO)		 0.00 -472 -332 -258 -215 -88
Total Depreciation and Amortization (D&A)		 27 36 47 61 68 73
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% -3.78% -12.34% -12.45% -14.20% -11.50%
Debt-free Net Working Capital to Revenue		 0.00% 135.09% 58.20% 31.60% 17.54% 1.62%
Net Working Capital to Revenue		 0.00% 135.09% 58.20% 31.60% 17.54% 1.62%
Earnings Adjustments		 - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $0.00 ($1.01) ($0.79) ($1.14)
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 0.00 111.91M 114.32M 117.96M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $0.00 ($1.01) ($0.79) ($1.14)
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 0.00 111.91M 114.32M 117.96M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 0.00 112.98M 117.30M 118.80M
Normalized Net Operating Profit after Tax (NOPAT)		 -94 -84 -115 -73 -59 -78
Normalized NOPAT Margin		 -42.74% -24.75% -24.50% -12.50% -8.72% -11.48%
Pre Tax Income Margin		 -64.01% -45.02% -40.22% -19.35% -13.54% -19.72%
Debt Service Ratios		 - - - - - -
EBIT to Interest Expense		 -351.08 -1,763.11 -2,339.23 -982.96 -399.84 -7,397.26
NOPAT to Interest Expense		 -245.33 -1,081.37 -1,630.55 -669.07 -261.69 -5,132.77
EBIT Less CapEx to Interest Expense		 -470.26 -2,734.51 -3,506.57 -1,683.52 -729.75 -13,002.11
NOPAT Less CapEx to Interest Expense		 -364.51 -2,052.76 -2,797.89 -1,369.63 -591.60 -10,737.61
Payout Ratios		 - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Quarterly Metrics And Ratios for Sweetgreen

This table displays calculated financial ratios and metrics derived from Sweetgreen's official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/24/2023 12/31/2023 3/31/2024 6/30/2024 9/29/2024 12/29/2024 3/30/2025 6/29/2025 9/28/2025 12/28/2025 3/29/2026
DEI Shares Outstanding		 - - - - - - - - - - 118,795,981.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 118,795,981.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 1.06
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 23.71% 29.06% 26.22% 21.06% 13.04% 5.15% 5.36% 0.51% -0.60% -3.55% -2.88%
EBITDA Growth		 70.14% 61.09% 46.64% 99.44% 48.34% -3.89% 22.79% -7,476.74% -202.05% -115.46% 1,630.82%
EBIT Growth		 46.61% 38.52% 20.36% 43.35% 16.53% -5.36% 7.32% -45.02% -60.09% -56.40% 570.02%
NOPAT Growth		 49.96% 38.61% 23.80% 48.20% 20.06% -7.31% -6.03% -63.27% -71.31% -52.99% -69.54%
Net Income Growth		 50.90% 44.35% 22.55% 46.95% 16.92% -5.89% 3.94% -60.15% -73.65% -71.28% 602.45%
EPS Growth		 52.17% 44.44% 23.33% 45.83% 18.18% 0.00% 8.70% -53.85% -72.22% -68.00% 600.00%
Operating Cash Flow Growth		 289.99% 151.11% 209.46% 140.42% 15.66% -31.43% -483.19% -45.27% -109.35% -241.43% -30.74%
Free Cash Flow Firm Growth		 82.57% 42.23% 68.13% 86.29% 58.15% 20.23% -121.60% -640.38% -244.33% -146.71% 26.64%
Invested Capital Growth		 11.46% 7.27% 0.13% -2.12% 1.17% 2.89% 9.92% 12.99% 15.22% 15.85% -1.11%
Revenue Q/Q Growth		 0.59% -0.26% 3.15% 16.97% -6.07% -7.22% 3.36% 11.59% -7.11% -9.98% 4.08%
EBITDA Q/Q Growth		 21.17% -21.13% 16.59% 99.30% -7,200.00% -143.60% 38.00% 31.27% -191.02% -73.76% 540.48%
EBIT Q/Q Growth		 6.87% -10.92% 7.04% 41.01% -37.21% -40.01% 18.23% 7.69% -51.47% -36.79% 345.73%
NOPAT Q/Q Growth		 15.23% -10.58% 8.11% 39.87% -30.84% -48.43% 9.20% 7.41% -37.28% -32.56% -0.62%
Net Income Q/Q Growth		 8.08% -9.42% 4.91% 44.53% -43.96% -39.46% 13.75% 7.51% -56.08% -37.56% 353.02%
EPS Q/Q Growth		 8.33% -13.64% 8.00% 43.48% -38.46% -38.89% 16.00% 4.76% -55.00% -35.48% 350.00%
Operating Cash Flow Q/Q Growth		 60.17% -29.93% -61.61% 457.97% -22.95% -58.46% -314.54% 179.70% -113.16% -528.47% -98.32%
Free Cash Flow Firm Q/Q Growth		 11.39% 14.36% 47.22% 66.27% -170.54% -63.26% -48.75% -12.69% -25.82% -16.98% 55.77%
Invested Capital Q/Q Growth		 -2.10% -0.33% 0.29% -0.21% 1.19% 1.37% 7.39% 2.57% 3.19% 1.93% -8.33%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 18.98% 16.19% 18.08% 22.49% 20.15% 17.37% 17.85% 18.93% 13.06% 10.44% 10.03%
EBITDA Margin		 -7.92% -9.62% -7.78% -0.05% -3.62% -9.50% -5.70% -3.51% -11.00% -21.23% 89.86%
Operating Margin		 -17.26% -19.14% -17.05% -8.77% -12.21% -19.53% -17.16% -14.24% -21.04% -30.98% -21.26%
EBIT Margin		 -18.31% -20.37% -18.36% -9.26% -13.52% -20.41% -16.15% -13.36% -21.78% -33.09% 78.14%
Profit (Net Income) Margin		 -16.33% -17.91% -16.51% -7.83% -12.00% -18.04% -15.06% -12.48% -20.97% -32.04% 77.89%
Tax Burden Percent		 101.29% 97.95% 100.35% 100.63% 100.43% 94.87% 100.36% 100.39% 100.25% 99.55% 98.61%
Interest Burden Percent		 88.04% 89.80% 89.66% 84.07% 88.37% 93.18% 92.91% 93.06% 96.03% 97.25% 101.09%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 1.39%
Return on Invested Capital (ROIC)		 -31.04% -36.02% -32.59% -17.46% -25.20% -40.57% -34.70% -28.47% -41.09% -59.02% -57.26%
ROIC Less NNEP Spread (ROIC-NNEP)		 -29.05% -33.68% -29.92% -16.27% -22.84% -37.60% -32.33% -26.22% -35.21% -48.41% -131.95%
Return on Net Nonoperating Assets (RNNOA)		 17.58% 19.39% 16.31% 8.71% 12.09% 19.13% 15.34% 12.12% 15.02% 18.28% 61.21%
Return on Equity (ROE)		 -13.46% -16.64% -16.29% -8.75% -13.11% -21.44% -19.35% -16.35% -26.07% -40.74% 3.95%
Cash Return on Invested Capital (CROIC)		 -56.88% -46.44% -35.44% -28.22% -30.03% -32.22% -38.17% -43.54% -49.10% -53.75% -52.12%
Operating Return on Assets (OROA)		 -12.74% -13.48% -13.03% -6.88% -10.41% -16.12% -13.20% -10.84% -17.74% -27.34% 60.35%
Return on Assets (ROA)		 -11.36% -11.85% -11.72% -5.82% -9.24% -14.25% -12.30% -10.13% -17.07% -26.47% 60.16%
Return on Common Equity (ROCE)		 -13.46% -16.64% -16.29% -8.75% -13.11% -21.44% -19.35% -16.35% -26.07% -40.74% 3.95%
Return on Equity Simple (ROE_SIMPLE)		 -27.03% 0.00% -22.50% -19.78% -19.16% 0.00% -20.65% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -19 -21 -19 -11 -15 -22 -20 -18 -25 -34 -34
NOPAT Margin		 -12.08% -13.40% -11.94% -6.14% -8.55% -13.67% -12.01% -9.97% -14.73% -21.69% -20.97%
Net Nonoperating Expense Percent (NNEP)		 -1.99% -2.35% -2.67% -1.19% -2.35% -2.98% -2.36% -2.26% -5.89% -10.61% 74.70%
Return On Investment Capital (ROIC_SIMPLE)		 - -4.25% - - - -4.93% -4.62% -4.37% -6.46% -9.45% -6.93%
Cost of Revenue to Revenue		 81.03% 83.81% 81.92% 77.51% 79.85% 82.63% 82.15% 81.07% 86.94% 89.56% 89.97%
SG&A Expenses to Revenue		 23.44% 23.23% 23.35% 21.23% 21.21% 23.06% 23.05% 18.59% 17.92% 25.55% 18.12%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 36.24% 35.33% 35.13% 31.25% 32.36% 36.91% 35.01% 33.16% 34.10% 41.42% 31.29%
Earnings before Interest and Taxes (EBIT)		 -28 -31 -29 -17 -23 -33 -27 -25 -38 -51 126
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -12 -15 -12 -0.09 -6.28 -15 -9.48 -6.52 -19 -33 145
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 2.57 2.63 6.07 7.26 8.86 8.39 6.92 3.78 2.45 2.32 1.14
Price to Tangible Book Value (P/TBV)		 2.95 3.03 7.00 8.36 10.19 9.70 8.03 4.39 2.87 2.60 1.24
Price to Revenue (P/Rev)		 2.34 2.18 4.63 5.26 6.13 5.53 4.37 2.33 1.41 1.21 0.83
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 33.27
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 3.01%
Enterprise Value to Invested Capital (EV/IC)		 4.48 4.51 11.55 14.06 16.95 15.26 11.31 5.61 3.17 2.75 1.28
Enterprise Value to Revenue (EV/Rev)		 1.84 1.73 4.23 4.89 5.78 5.21 4.10 2.09 1.22 1.08 0.47
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3.63
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 25.18
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 10,751.20 38.26 79.01 71.73 83.75 81.34 104.74 78.69 401.28 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage		 -0.61 -0.58 -0.55 -0.54 -0.53 -0.51 -0.47 -0.46 -0.43 -0.38 -0.46
Leverage Ratio		 1.46 1.72 1.75 1.78 1.80 1.84 1.86 1.89 1.96 2.05 1.90
Compound Leverage Factor		 1.28 1.55 1.57 1.50 1.59 1.72 1.73 1.76 1.89 1.99 1.92
Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Altman Z-Score		 1.64 1.58 4.12 4.85 5.77 4.87 3.82 1.64 0.44 0.02 0.72
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 3.68 3.02 3.02 2.72 2.59 2.02 1.97 1.82 1.29 1.09 1.61
Quick Ratio		 3.51 2.85 2.86 2.57 2.45 1.90 1.83 1.68 1.18 0.80 1.50
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -42 -36 -19 -6.45 -17 -29 -42 -48 -60 -70 -31
Operating Cash Flow to CapEx		 66.62% 60.35% 25.55% 99.19% 58.78% 22.90% -78.46% 44.33% -3.84% -28.52% -138.47%
Free Cash Flow to Firm to Interest Expense		 -2,196.26 -510.55 -1,007.24 -32.77 -671.63 -2,036.36 0.00 -9,558.02 -8,589.69 -10,047.97 -1,111.16
Operating Cash Flow to Interest Expense		 670.26 127.49 180.32 97.04 566.50 437.07 0.00 2,092.60 -196.71 -1,236.29 -612.96
Operating Cash Flow Less CapEx to Interest Expense		 -335.89 -83.77 -525.47 -0.79 -397.23 -1,471.36 0.00 -2,627.60 -5,313.29 -5,571.00 -1,055.64
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.70 0.66 0.71 0.74 0.77 0.79 0.82 0.81 0.81 0.83 0.77
Accounts Receivable Turnover		 75.96 173.15 115.79 90.70 78.55 158.58 101.51 104.27 98.26 133.23 90.24
Inventory Turnover		 202.03 279.33 320.78 202.58 197.82 268.18 277.46 251.02 251.17 263.53 248.52
Fixed Asset Turnover		 2.33 2.33 2.40 2.42 2.43 2.40 2.42 2.36 2.26 2.18 2.19
Accounts Payable Turnover		 41.23 32.55 30.65 28.96 33.97 30.15 28.94 26.61 30.68 29.85 32.67
Days Sales Outstanding (DSO)		 4.81 2.11 3.15 4.02 4.65 2.30 3.60 3.50 3.71 2.74 4.05
Days Inventory Outstanding (DIO)		 1.81 1.31 1.14 1.80 1.85 1.36 1.32 1.45 1.45 1.39 1.47
Days Payable Outstanding (DPO)		 8.85 11.21 11.91 12.60 10.74 12.11 12.61 13.72 11.90 12.23 11.17
Cash Conversion Cycle (CCC)		 -2.24 -7.80 -7.62 -6.78 -4.25 -8.44 -7.70 -8.76 -6.73 -8.10 -5.66
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 226 225 226 226 228 231 248 255 263 268 246
Invested Capital Turnover		 2.57 2.69 2.73 2.85 2.95 2.97 2.89 2.86 2.79 2.72 2.73
Increase / (Decrease) in Invested Capital		 23 15 0.30 -4.87 2.64 6.51 22 29 35 37 -2.76
Enterprise Value (EV)		 1,011 1,013 2,610 3,171 3,869 3,529 2,811 1,431 833 736 315
Market Capitalization		 1,285 1,270 2,854 3,415 4,103 3,744 2,995 1,599 963 825 558
Book Value per Share		 $4.47 $4.29 $4.16 $4.15 $4.06 $3.86 $3.69 $3.60 $3.33 $3.01 $4.12
Tangible Book Value per Share		 $3.89 $3.73 $3.61 $3.61 $3.53 $3.34 $3.18 $3.10 $2.84 $2.69 $3.80
Total Capital		 500 483 470 470 463 446 433 423 393 356 489
Total Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt		 -275 -257 -244 -245 -235 -215 -184 -168 -130 -89 -243
Capital Expenditures (CapEx)		 19 15 13 19 25 27 17 24 36 30 12
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -57 -73 -67 -76 -78 -96 -83 -83 -96 -78 -91
Debt-free Net Working Capital (DFNWC)		 218 185 176 168 157 119 101 86 34 11 66
Net Working Capital (NWC)		 218 185 176 168 157 119 101 86 34 11 66
Net Nonoperating Expense (NNE)		 6.51 6.91 7.23 3.13 5.99 7.03 5.06 4.66 11 16 -160
Net Nonoperating Obligations (NNO)		 -275 -258 -244 -245 -235 -215 -184 -168 -130 -88 -243
Total Depreciation and Amortization (D&A)		 16 16 17 17 17 18 17 18 19 18 19
Debt-free, Cash-free Net Working Capital to Revenue		 -10.40% -12.45% -10.93% -11.78% -11.64% -14.20% -12.05% -12.04% -14.05% -11.50% -13.43%
Debt-free Net Working Capital to Revenue		 39.60% 31.60% 28.59% 25.91% 23.44% 17.54% 14.79% 12.51% 4.92% 1.62% 9.81%
Net Working Capital to Revenue		 39.60% 31.60% 28.59% 25.91% 23.44% 17.54% 14.79% 12.51% 4.92% 1.62% 9.81%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.22) ($0.25) ($0.23) ($0.13) ($0.18) ($0.25) ($0.21) ($0.20) ($0.31) ($0.42) $1.06
Adjusted Weighted Average Basic Shares Outstanding		 112.18M 111.91M 112.77M 113.58M 114.75M 114.32M 117.31M 117.83M 118.28M 117.96M 118.66M
Adjusted Diluted Earnings per Share		 ($0.22) ($0.25) ($0.23) ($0.13) ($0.18) ($0.25) ($0.21) ($0.20) ($0.31) ($0.42) $1.05
Adjusted Weighted Average Diluted Shares Outstanding		 112.18M 111.91M 112.77M 113.58M 114.75M 114.32M 117.31M 117.83M 118.28M 117.96M 120.23M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 112.43M 112.98M 113.31M 114.14M 115.67M 117.30M 117.68M 118.21M 118.37M 118.80M 118.83M
Normalized Net Operating Profit after Tax (NOPAT)		 -16 -19 -17 -10 -13 -18 -18 -12 -19 -29 -31
Normalized NOPAT Margin		 -10.28% -12.32% -10.98% -5.47% -7.56% -11.50% -10.84% -6.55% -10.84% -18.76% -19.35%
Pre Tax Income Margin		 -16.12% -18.29% -16.46% -7.78% -11.95% -19.02% -15.00% -12.43% -20.92% -32.18% 78.99%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -1,478.89 -445.24 -1,524.95 -86.77 -902.08 -2,345.64 0.00 -4,957.60 -5,363.86 -7,337.29 4,507.46
NOPAT to Interest Expense		 -975.84 -292.89 -991.61 -57.51 -570.10 -1,571.50 0.00 -3,699.22 -3,627.40 -4,808.40 -1,209.55
EBIT Less CapEx to Interest Expense		 -2,485.05 -656.50 -2,230.74 -184.59 -1,865.81 -4,254.07 0.00 -9,677.80 -10,480.43 -11,672.00 4,064.79
NOPAT Less CapEx to Interest Expense		 -1,981.99 -504.15 -1,697.39 -155.33 -1,533.83 -3,479.93 0.00 -8,419.42 -8,743.97 -9,143.11 -1,652.23
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Financials Breakdown Chart

Key Financial Trends

Sweetgreen, Inc. (SG) has posted a tight top-line in recent quarters but ongoing profitability and cash-flow headwinds. Below are the 10 most important observations drawn from quarterly results over the last four years, organized by potential impact on the stock for retail investors.

  • Revenue stability in 2025 Q4: Operating revenue was $155.19 million, modestly above 2023 Q4’s $153.03 million, indicating the top line remains resilient despite recent profitability challenges.
  • Consistent positive financing activity in 2025: Net cash from continuing financing activities was positive in every 2025 quarter (Q1: ~\$1.43m, Q2: ~\$0.99m, Q3: ~\$0.33m, Q4: ~\$0.11m), supporting liquidity outside of operating cash flow.
  • Liquidity remains solid in 2025: Cash & equivalents ranged from about \$129.97m (Q3) to \$183.89m (Q1), suggesting meaningful liquidity headroom despite earnings pressure.
  • Quarter-to-quarter operating cash flow is mixed: Net cash from continuing operating activities was positive in Q2 2025 (~\$10.46m) but negative in Q1 2025 (~\$-13.13m), Q3 2025 (~\$-1.38m), and Q4 2025 (~\$-8.65m), indicating irregular working capital effects.
  • Longer-term revenue trend remains above a baseline floor: Across 2022–2025, revenue trends have stayed above roughly \$150m per quarter, signaling ongoing demand but with a downward drift from earlier peaks.
  • Net income remains negative in 2025: Q4 net income was \$(49.72)m, Q3 \$(36.15)m, Q2 \$(23.16)m, and Q1 \$(25.04)m, underscoring persistent profitability challenges.
  • Gross margin compression in 2025: Q4 2025 gross profit was \$16.21m on \$155.19m revenue (about 10.5% gross margin), down from roughly 17–18% in late-2024 periods, signaling margin pressure.
  • Operating expenses remain high and drive losses: Q4 2025 total operating expenses were \$64.29m, contributing to an operating loss of about \$48.08m in the quarter.
  • Cash burn remains a concern in 2025: Net change in cash and equivalents was negative by about \$40.76m in Q4 2025, contributing to a decline in cash over the year.
  • Leverage evolving through 2025: Total liabilities rose while equity declined (e.g., Q3 2025 total liabilities \$431.474m vs. equity \$393.296m), indicating increasing leverage and equity erosion over time.
05/14/26 12:29 PM ETAI Generated. May Contain Errors.

Sweetgreen Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Sweetgreen's financial year ends in December. Their financial year 2025 ended on December 28, 2025.

Sweetgreen's net income appears to be on a downward trend, with a most recent value of -$134.07 million in 2025, falling from -$141.22 million in 2020. The previous period was -$90.37 million in 2024. View Sweetgreen's forecast to see where analysts expect Sweetgreen to go next.

Sweetgreen's total operating income in 2025 was -$139.32 million, based on the following breakdown:
  • Total Gross Profit: $103.53 million
  • Total Operating Expenses: $242.85 million

Over the last 5 years, Sweetgreen's total revenue changed from $220.62 million in 2020 to $679.47 million in 2025, a change of 208.0%.

Sweetgreen's total liabilities were at $431.98 million at the end of 2025, a 5.2% increase from 2024, and a 294.4% increase since 2021.

In the past 4 years, Sweetgreen's cash and equivalents has ranged from $89.18 million in 2025 to $471.97 million in 2021, and is currently $89.18 million as of their latest financial filing in 2025.

Over the last 5 years, Sweetgreen's book value per share changed from 0.00 in 2020 to 3.01 in 2025, a change of 300.9%.


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Financial statements for NYSE:SG last updated on 5/10/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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