NYSE : SG
Sweetgreen, Inc. — Financial statements
Consumer Discretionary · Restaurants · United States
Last price 11.07 USD (Oct 30, 2026, 4:00 PM EST) · Market cap 1.32B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Sweetgreen, Inc. (SG) reported revenue of 681.77M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 681.77M | 679.47M | 676.83M | 584.04M | 470.11M | 339.87M |
| Cost of Revenue | 594.87M | 569.14M | 540.58M | 479.02M | 398.12M | 297.67M |
| Gross Profit | 86.90M | 110.33M | 136.25M | 105.02M | 71.99M | 42.20M |
| Selling, General & Admin | 136.34M | 150.20M | 152.14M | 149.86M | 189.42M | 128.11M |
| Other Operating Expenses | -7.17M | 765.00K | 1.62M | |||
| Operating Expenses | 211.76M | 233.29M | 227.72M | 218.62M | 247.41M | 169.75M |
| Operating Income | -124.86M | -122.96M | -91.47M | -113.60M | -175.43M | -127.55M |
| Interest Expense | -104.00K | -19.00K | -256.00K | -128.00K | -83.00K | -87.00K |
| Interest & Investment Income | 5.54M | 6.55M | 10.94M | 12.94M | 5.14M | 450.00K |
| Other Non Operating Income (Expenses) | -2.19M | -2.20M | -32.00K | -14.96M | ||
| EBT Excluding Unusual Items | -121.62M | -118.63M | -80.82M | -100.78M | -170.37M | -142.14M |
| Merger & Restructuring Charges | -2.60M | -3.63M | -2.28M | -7.44M | -15.09M | -1.83M |
| Gain (Loss) on Sale of Assets | 158.51M | -1.43M | -255.00K | -687.00K | -278.00K | -107.00K |
| Asset Writedown | -16.60M | -11.30M | -1.70M | -624.00K | -2.54M | -4.92M |
| Other Unusual Items | -2.36M | 974.00K | -6.62M | -3.48M | -819.00K | -4.04M |
| Pretax Income | 15.33M | -134.02M | -91.67M | -113.00M | -189.10M | -153.03M |
| Income Tax Expense | 1.66M | 46.00K | -1.30M | 379.00K | 1.34M | 147.00K |
| Net Income | 13.67M | -134.06M | -90.37M | -113.38M | -190.44M | -153.18M |
| Net Income to Common | 13.67M | -134.06M | -90.37M | -113.38M | -190.44M | -153.18M |
| Shares Outstanding (Basic) | 118.57M | 117.96M | 114.32M | 111.91M | 110.13M | 27.78M |
| Shares Outstanding (Diluted) | 119.56M | 117.96M | 114.32M | 111.91M | 110.13M | 27.78M |
| EPS (Basic) | 0.12 | -1.14 | -0.79 | -1.01 | -1.73 | -5.51 |
| EPS (Diluted) | 0.11 | -1.14 | -0.79 | -1.01 | -1.73 | -5.51 |
| Free Cash Flow | -116.32M | -119.19M | -41.07M | -63.19M | -140.06M | -149.04M |
| Free Cash Flow Per Share | -0.97 | -1.01 | -0.36 | -0.56 | -1.27 | -5.37 |
| Gross Margin | 12.75% | 16.24% | 20.13% | 17.98% | 15.31% | 12.42% |
| Operating Margin | -18.31% | -18.10% | -13.51% | -19.45% | -37.32% | -37.53% |
| Profit Margin | 2.00% | -19.73% | -13.35% | -19.41% | -40.51% | -45.07% |
| Free Cash Flow Margin | -17.06% | -17.54% | -6.07% | -10.82% | -29.79% | -43.85% |
| EBITDA | -59.44M | -61.72M | -35.13M | -64.11M | -136.66M | -98.40M |
| EBITDA Margin | -8.72% | -9.08% | -5.19% | -10.98% | -29.07% | -28.95% |
| D&A For EBITDA | 65.42M | 61.24M | 56.35M | 49.49M | 38.77M | 29.15M |
| EBIT | -124.86M | -122.96M | -91.47M | -113.60M | -175.43M | -127.55M |
| EBIT Margin | -18.31% | -18.10% | -13.51% | -19.45% | -37.32% | -37.53% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 142.63M | 89.18M | 214.79M | 257.23M | 331.61M | 471.97M |
| Cash & Short-Term Investments | 142.63M | 89.18M | 214.79M | 257.23M | 331.61M | 471.97M |
| Accounts Receivable | 5.71M | 5.17M | 5.03M | 3.50M | 3.24M | 2.64M |
| Other Receivables | 3.60M | 3.40M | 16.70M | |||
| Receivables | 5.71M | 5.17M | 8.63M | 6.90M | 3.24M | 19.34M |
| Inventory | 2.87M | 2.38M | 1.99M | 2.07M | 1.38M | 903.00K |
| Prepaid Expenses | 11.36M | 6.38M | 7.84M | 5.77M | 8.16M | 13.76M |
| Other Current Assets | 1.37M | 26.55M | 1.28M | 4.14M | 1.75M | 680.00K |
| Total Current Assets | 163.94M | 129.66M | 234.54M | 276.11M | 346.15M | 506.66M |
| Property, Plant & Equipment | 597.31M | 611.17M | 553.98M | 510.89M | 489.32M | 180.67M |
| Goodwill | 27.79M | 27.79M | 35.97M | 35.97M | 35.97M | 35.97M |
| Other Intangible Assets | 9.92M | 10.42M | 24.04M | 27.41M | 30.56M | 32.87M |
| Long-Term Deferred Charges | 197.00K | 3.54M | 4.13M | 426.00K | 518.00K | 4.39M |
| Other Long-Term Assets | 10.07M | 5.52M | 4.10M | 5.75M | 6.42M | 2.10M |
| Total Assets | 895.66M | 788.10M | 856.76M | 856.56M | 908.93M | 762.65M |
| Accounts Payable | 14.10M | 19.89M | 18.70M | 17.38M | 12.24M | 11.20M |
| Accrued Expenses | 40.86M | 29.74M | 30.55M | 27.63M | 19.85M | 21.64M |
| Current Portion of Leases | 42.32M | 41.59M | 41.77M | 31.43M | 29.64M | |
| Current Unearned Revenue | 7.58M | 7.18M | 4.41M | 2.80M | 2.02M | 1.84M |
| Other Current Liabilities | 9.47M | 20.26M | 20.39M | 12.35M | 8.80M | 12.86M |
| Total Current Liabilities | 114.33M | 118.65M | 115.83M | 91.58M | 72.55M | 47.53M |
| Long-Term Leases | 313.07M | 312.90M | 288.94M | 271.44M | 271.10M | |
| Long-Term Deferred Tax Liabilities | 632.00K | 274.00K | 361.00K | 1.77M | 1.41M | 125.00K |
| Other Long-Term Liabilities | 149.00K | 5.48M | 9.17M | 22.65M | 61.88M | |
| Total Liabilities | 428.04M | 431.98M | 410.61M | 373.96M | 367.71M | 109.53M |
| Common Stock | 119.00K | 118.00K | 117.00K | 113.00K | 111.00K | 109.00K |
| Additional Paid-In Capital | 1.38B | 1.37B | 1.32B | 1.27B | 1.21B | 1.13B |
| Retained Earnings | -909.88M | -1.01B | -875.36M | -784.99M | -671.60M | -476.22M |
| Total Common Equity | 467.62M | 356.12M | 446.14M | 482.60M | 541.23M | 653.12M |
| Shareholders' Equity | 467.62M | 356.12M | 446.14M | 482.60M | 541.23M | 653.12M |
| Total Liabilities & Equity | 895.66M | 788.10M | 856.76M | 856.56M | 908.93M | 762.65M |
| Total Debt | 355.39M | 354.49M | 330.71M | 302.87M | 300.74M | |
| Net Cash (Debt) | -212.76M | -265.32M | -115.92M | -45.63M | 30.88M | 471.97M |
| Net Cash Per Share | -1.78 | -2.25 | -1.01 | -0.41 | 0.28 | 16.99 |
| Filing Date Shares Outstanding | 119.04M | 118.80M | 117.30M | 112.98M | 111.40M | 110.28M |
| Total Common Shares Outstanding | 119.03M | 118.45M | 117.12M | 112.64M | 111.13M | 109.35M |
| Working Capital | 49.60M | 11.01M | 118.71M | 184.53M | 273.60M | 459.13M |
| Book Value Per Share | 3.93 | 3.01 | 3.81 | 4.28 | 4.87 | 5.97 |
| Tangible Book Value | 429.91M | 317.91M | 386.13M | 419.22M | 474.69M | 584.28M |
| Tangible Book Value Per Share | 3.61 | 2.68 | 3.30 | 3.72 | 4.27 | 5.34 |
| Machinery | 246.38M | 235.75M | 194.81M | 164.49M | 129.11M | 96.97M |
| Leasehold Improvements | 359.82M | 347.02M | 303.04M | 262.19M | 212.82M | 167.36M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 13.67M | -134.06M | -90.37M | -113.38M | -190.44M | -153.18M |
| Depreciation & Amortization | 65.42M | 61.24M | 56.35M | 49.49M | 38.77M | 29.15M |
| Other Amortization | 9.57M | 11.40M | 12.08M | 11.03M | 8.14M | 6.90M |
| Loss (Gain) From Sale of Assets | -159.11M | 1.43M | 255.00K | 687.00K | 278.00K | 107.00K |
| Asset Writedown & Restructuring Costs | 8.80M | 12.42M | 2.54M | 5.37M | 15.57M | 4.92M |
| Stock-Based Compensation | 29.24M | 36.48M | 39.02M | 49.53M | 78.74M | 28.90M |
| Other Operating Activities | 39.42M | 34.25M | 36.69M | 32.95M | 30.56M | 19.12M |
| Change in Accounts Receivable | 959.00K | -132.00K | -1.53M | -258.00K | -600.00K | -1.56M |
| Change in Inventory | -461.00K | -397.00K | 82.00K | -686.00K | -480.00K | -283.00K |
| Change in Accounts Payable | -2.93M | 1.19M | 759.00K | 9.87M | -4.55M | 3.04M |
| Change in Unearned Revenue | 1.31M | 2.76M | 1.62M | 781.00K | 177.00K | -498.00K |
| Change in Other Net Operating Assets | -33.52M | -39.27M | -14.09M | -18.90M | -19.33M | -1.14M |
| Operating Cash Flow | -27.64M | -12.70M | 43.39M | 26.48M | -43.17M | -64.53M |
| Capital Expenditures | -88.68M | -106.49M | -84.46M | -89.67M | -96.89M | -84.51M |
| Cash Acquisitions | -3.34M | |||||
| Sale (Purchase) of Intangibles | -7.34M | -7.81M | -7.74M | -6.12M | -5.38M | -8.26M |
| Other Investing Activities | -12.00K | 54.00K | -13.00K | 122.00K | 242.00K | -1.43M |
| Investing Cash Flow | 3.96M | -114.25M | -92.21M | -95.67M | -102.02M | -97.55M |
| Short-Term Debt Issued | 5.16M | |||||
| Total Debt Issued | 5.16M | |||||
| Long-Term Debt Repaid | -126.00K | |||||
| Net Debt Issued (Repaid) | -126.00K | 5.16M | ||||
| Issuance of Common Stock | 500.00K | 3.12M | 12.77M | 5.39M | 4.76M | 410.84M |
| Repurchase of Common Stock | -688.00K | -259.00K | -2.00K | -166.00K | ||
| Other Financing Activities | -3.87M | -10.42M | 1.80M | |||
| Financing Cash Flow | -188.00K | 2.86M | 8.89M | -5.20M | 4.63M | 531.61M |
| Net Cash Flow | -23.86M | -124.09M | -39.93M | -74.38M | -140.56M | 369.53M |
| Free Cash Flow | -116.32M | -119.19M | -41.07M | -63.19M | -140.06M | -149.04M |
| Free Cash Flow Margin | -17.06% | -17.54% | -6.07% | -10.82% | -29.79% | -43.85% |
| Free Cash Flow Per Share | -0.97 | -1.01 | -0.36 | -0.56 | -1.27 | -5.37 |
| Levered Free Cash Flow | -61.83M | -99.78M | -29.05M | -43.91M | -70.78M | -146.75M |
| Unlevered Free Cash Flow | -61.77M | -99.76M | -28.96M | -43.89M | -70.86M | -146.80M |
| Cash Interest Paid | 104.00K | 19.00K | 184.00K | 50.00K | ||
| Change in Working Capital | -34.64M | -35.84M | -13.16M | -9.19M | -24.78M | -436.00K |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.37B | 825.06M | 3.74B | 1.27B | 978.37M | 3.36B |
| Enterprise Value | 1.58B | 1.05B | 3.82B | 1.30B | 597.33M | 3.84B |
| Last Close Price | 11.47 | 6.97 | 32.37 | 11.30 | 8.83 | 31.36 |
| PS Ratio | 2.00 | 1.21 | 5.53 | 2.17 | 2.08 | 9.87 |
| PB Ratio | 2.92 | 2.32 | 8.39 | 2.63 | 1.81 | 5.14 |
| P/TBV Ratio | 3.18 | 2.60 | 9.70 | 3.03 | 2.06 | 5.74 |
| P/OCF Ratio | 86.29 | 47.98 | ||||
| EV/Sales Ratio | 2.31 | 1.55 | 5.65 | 2.22 | 1.27 | 11.30 |
| Debt / Equity Ratio | 0.76 | 0.99 | 0.74 | 0.63 | 0.56 | |
| Debt / EBITDA Ratio | 23.82 | 35.52 | 11.29 | |||
| Net Debt / Equity Ratio | 0.46 | 0.74 | 0.26 | 0.10 | -0.06 | -0.72 |
| Net Debt / EBITDA Ratio | -3.58 | -4.30 | -3.30 | -0.71 | 0.23 | 4.80 |
| Net Debt / FCF Ratio | -1.83 | -2.23 | -2.82 | -0.72 | 0.22 | 3.17 |
| Asset Turnover | 0.79 | 0.83 | 0.79 | 0.66 | 0.56 | 0.66 |
| Inventory Turnover | 225.12 | 260.42 | 266.56 | 277.53 | 348.31 | 390.90 |
| Quick Ratio | 1.30 | 0.80 | 1.93 | 2.88 | 4.62 | 10.34 |
| Current Ratio | 1.43 | 1.09 | 2.02 | 3.02 | 4.77 | 10.66 |
| Return on Equity (ROE) | 3.07% | -33.42% | -19.46% | -22.15% | -31.89% | -35.90% |
| Return on Assets (ROA) | -9.04% | -9.34% | -6.67% | -8.04% | -13.12% | -15.50% |
| Return on Capital Employed (ROCE) | -16.00% | -18.40% | -12.30% | -14.80% | -21.00% | -17.80% |
| Earnings Yield | 0.96% | -16.25% | -2.41% | -8.92% | -19.46% | -4.57% |
| FCF Yield | -8.52% | -14.45% | -1.10% | -4.97% | -14.32% | -4.44% |
| Buyback Yield / Dilution | -2.64% | -3.18% | -2.16% | -1.62% | -296.39% | -73.08% |