CAVA GROUP, INC. CAVA
CAVA Group, Inc. (together with its wholly owned subsidiaries, referred to as the "Company," "CAVA," "we," "us," and "our," unless specified otherwise) was formed as a Delaware corporation in 2015, and prior to that, the first CAVA restaurant opened in 2011 in Bethesda, Maryland. As of December 28, 2025, we operate 439 fast-casual CAVA Restaurants in 28 states and Washington, D.C. The Company's authentic Mediterranean cuisine unites taste and health, with a menu that features chef-curated and customizable bowls and pitas. We centrally produce our dips, spreads, and certain dressing bases for use in our restaurants while also selling our dips, spreads, and prepared dressings in grocery stores.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | $1.18B | $963.7M | $728.7M | $564.1M | $500.1M | — |
| Gross profit | — | — | $180.3M | $98.0M | $82.2M | — |
| SG&A | $137.5M | $120.5M | $101.5M | $70.0M | $64.8M | — |
| Total operating expenses | $1.12B | $920.6M | $724.0M | $623.9M | $552.8M | — |
| Operating income | $55.3M | $43.1M | $4.7M | -$59.8M | -$52.8M | — |
| Interest expense | — | — | $8.9M | $47.0K | $4.8M | — |
| Pre-tax income | $70.8M | $59.9M | $14.0M | -$58.9M | -$37.3M | — |
| Income tax | $7.1M | $70.4M | $768.0K | $93.0K | $117.0K | — |
| Net income | $63.7M | $130.3M | $13.3M | -$59.0M | -$37.4M | — |
| EPS, basic | 0.55 | 1.14 | 0.22 | -44.41 | -51.06 | — |
| EPS, diluted | 0.54 | 1.10 | 0.21 | -44.41 | -51.06 | — |
| Shares, diluted (wtd. avg.) | 118.3M | 118.3M | 63.4M | 1.3M | 732,000 | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Cash and equivalents | $282.9M | $366.1M | $332.4M | $39.1M | $140.3M | $50.1M |
| Receivables | $6.3M | $4.8M | $3.7M | $2.8M | — | — |
| Inventory | $9.0M | $7.6M | $5.6M | $5.1M | — | — |
| Total current assets | $431.1M | $394.2M | $354.9M | $58.1M | — | — |
| Property, plant and equipment | $457.5M | $372.9M | $330.7M | $243.0M | — | — |
| Goodwill | $1.9M | $1.9M | $1.9M | $1.9M | — | — |
| Other intangibles | $1.8M | $1.4M | $1.4M | $1.4M | — | — |
| Total assets | $1.36B | $1.17B | $983.8M | $583.9M | — | — |
| Accounts payable | $37.5M | $25.6M | $17.2M | $14.3M | — | — |
| Total current liabilities | $162.7M | $132.6M | $109.0M | $84.3M | — | — |
| Total liabilities | $580.4M | $474.1M | $413.0M | $370.1M | — | — |
| Retained earnings | -$253.6M | -$317.3M | -$447.7M | -$460.9M | — | — |
| Total equity | $779.7M | $695.6M | $570.8M | -$448.5M | -$393.0M | -$360.4M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Operating cash flow | $184.8M | $161.0M | $97.1M | $6.0M | $3.4M | — |
| Depreciation and amortisation | $73.7M | $60.4M | $47.4M | $42.7M | $44.5M | — |
| Stock-based compensation | $15.2M | $13.6M | $9.4M | $3.8M | $5.4M | — |
| Capital expenditure | $158.7M | $108.1M | $138.8M | $104.2M | $56.3M | — |
| Investing cash flow | -$273.0M | -$108.1M | -$138.8M | -$104.2M | -$56.3M | — |
| Financing cash flow | $5.0M | -$19.2M | $335.0M | -$3.1M | $143.2M | — |
| Buybacks | — | — | $3.1M | $911.0K | $7.7M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-027224.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | — | $500.1M | $564.1M | $728.7M | $963.7M | $1.18B |
| Gross profit | — | $82.2M | $98.0M | $180.3M | — | — |
| Net income | — | -$37.4M | -$59.0M | $13.3M | $130.3M | $63.7M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Officer or director change Item 5.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Officer or director change Item 5.02
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Officer or director change Item 5.02
- Results announced Item 2.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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