Sweetgreen, Inc. SG

Consumer discretionary SIC 5812 - Retail-Eating Places NAICS Accommodation and Food Services › Food Services and Drinking Places › Restaurants and Other Eating Places derived NYSE

Sweetgreen, Inc., a Delaware corporation (together with its subsidiaries, "Sweetgreen," "we,", "us," or the "Company") is a mission-driven, next generation restaurant and lifestyle brand that serves healthy food at scale. Our bold vision is to be as ubiquitous as traditional fast food, but with the transparency and quality that consumers increasingly expect. As of December 28, 2025, we owned and operated 281 restaurants in 24 states and Washington, D.C.

We have designed our menu to be delicious, customizable, and convenient to empower our customers to make healthier choices for both lunch and dinner. We are constantly seeking ways to enhance our menu, all while honoring our food ethos.

Our core menu consists of a curated set of signature items offered year-round across all locations, designed to deliver consistent quality and reflect our food philosophy, supported by a disciplined and scalable supply chain. Guests may also create a custom salad, bowl, or plate from a broad assortment of ingredients and signature dressings, enabling meaningful customization within a standardized ingredient system.

Last close 9.82 2026-10-23
Market cap $1.17B estimated share count
52-week range 4.49 - 10.77

Valuation FY2025 figures against the last close

P/S1.7x
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS-1.14

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Revenue $679.5M$676.8M$584.0M$470.1M$339.9M$220.6M—
R&D $1.0M$1.2M$1.2M$2.0M———
SG&A $143.4M$149.9M$146.8M$187.4M$125.0M$99.1M—
Total operating expenses $242.8M$228.7M$224.3M$262.6M$174.8M$132.9M—
Operating income -$139.3M-$95.7M-$122.3M-$193.3M-$134.4M-$141.6M—
Interest expense $19.0K$256.0K$128.0K$83.0K$87.0K$404.0K—
Pre-tax income -$134.0M-$91.7M-$113.0M-$189.1M-$153.0M-$141.2M—
Income tax $46.0K$1.3M$379.0K$1.3M$147.0K$0—
Net income -$134.1M-$90.4M-$113.4M-$190.4M-$153.2M-$141.2M—
EPS, basic -1.14-0.79-1.01-1.73-5.51-8.80—
EPS, diluted -1.14-0.79-1.01-1.73-5.51-8.80—
Shares, diluted (wtd. avg.) 118.0M114.3M111.9M110.1M27.8M16.1M—

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Cash and equivalents $89.2M$214.8M$257.4M$331.7M$472.3M$102.8M$249.4M
Receivables $5.2M$5.0M$3.5M$3.2M$2.6M——
Inventory $2.4M$2.0M$2.1M$1.4M$903.0K——
Total current assets $129.7M$234.5M$276.1M$346.1M$506.7M——
Property, plant and equipment $326.9M$296.5M$266.9M$235.3M$180.7M——
Goodwill $27.8M$36.0M$36.0M$36.0M$36.0M$6.3M—
Other intangibles $10.4M$24.0M$27.4M$30.6M$32.9M——
Total assets $788.1M$856.8M$856.6M$908.9M$762.6M——
Accounts payable $19.9M$18.7M$17.4M$12.2M$11.2M——
Total current liabilities $118.7M$115.8M$91.6M$72.5M$47.5M——
Total liabilities $432.0M$410.6M$374.0M$367.7M$109.5M——
Retained earnings -$1.01B-$875.4M-$785.0M-$671.6M-$476.2M——
Total equity $356.1M$446.1M$482.6M$541.2M$653.1M-$307.4M-$173.2M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Operating cash flow -$12.7M$43.4M$26.5M-$43.2M-$64.5M-$90.4M—
Depreciation and amortisation $71.5M$67.3M$59.5M$46.5M$35.5M$26.9M—
Stock-based compensation $36.5M$39.0M$49.5M$78.7M$28.9M$4.9M—
Capital expenditure $106.5M$84.5M$89.7M$96.9M$84.5M$48.1M—
Investing cash flow -$114.3M-$92.2M-$95.7M-$102.0M-$97.5M-$58.4M—
Financing cash flow $2.9M$8.9M-$5.2M$4.6M$531.6M$2.1M—

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 0001140361-26-016260.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -250M 0 250M 500M 750M Revenue, FY2020: 220.6M Net income, FY2020: -141.2M Revenue, FY2021: 339.9M Net income, FY2021: -153.2M Revenue, FY2022: 470.1M Net income, FY2022: -190.4M Revenue, FY2023: 584M Net income, FY2023: -113.4M Revenue, FY2024: 676.8M Net income, FY2024: -90.4M Revenue, FY2025: 679.5M Net income, FY2025: -134.1M FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — $220.6M $339.9M $470.1M $584.0M $676.8M $679.5M
Gross profit — — — — — — —
Net income — -$141.2M -$153.2M -$190.4M -$113.4M -$90.4M -$134.1M

Recent filings and events

  • 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
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • 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
  • Acquisition or disposal completed A purchase or sale of a significant business or asset has closed. Item 2.01
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Regulation FD disclosure Item 7.01
  • 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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