SequelSEC

Sweetgreen, Inc. SG

Retail-Eating Places · CIK 0001477815 · Fiscal year ends 1231

Revenue
$679.47M
Fiscal year ended 2025-12-28
Operating income
-$139.32M
Fiscal year ended 2025-12-28
Free cash flow
-$119.19M
Fiscal year ended 2025-12-28

Valuation, from the filing

Public float$1.40BMarket value of stock held by non-affiliates, as stated on the cover page for 2025-06-29
Float / revenue2.1×A lower bound on the multiple, because affiliate holdings are excluded.
Float / equity3.9×A lower bound on the multiple, because affiliate holdings are excluded.

Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-06-29, not today, and each multiple below it uses the figures for the fiscal year ending 2025-12-28 — the year that filing covered.

How this compares in its industry

Percentile among the Retail-Eating Places filers on this site, highest value first. A high percentile means a large figure, which is good for a margin and not for leverage — the ranking says where the company sits, not whether that is where it should be.

MeasureReportedPercentile
Operating margin-20.5%3th
SBC / revenue5.4%95th
CapEx / revenue15.7%95th
FCF margin-17.5%6th
Net margin-19.7%8th
Current ratio1.09x76th
Revenue YoY growth0.4%28th

Sweetgreen, Inc. (SG) reported revenue of $679.47M and net income of -$134.06M for the fiscal year ended 2025-12-28. This page shows 6 annual periods of income statement, balance sheet and cash flow figures normalized from Sweetgreen, Inc.’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Retail-Eating Places.

Income

Sweetgreen, Inc. income by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-282024-12-292023-12-312022-12-252021-12-262020-12-27
Revenue$679.47M$676.83M$584.04M$470.10M$339.87M$220.62M
Cost of revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Gross profitUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Operating income-$139.32M-$95.70M-$122.34M-$193.34M-$134.40M-$141.59M
Net income-$134.06M-$90.37M-$113.38M-$190.44M-$153.18M-$141.22M
Research & development$1.00M$1.20M$1.20M$2.00MUnavailableUnavailable
Weighted-average diluted sharesshares 117.96Mshares 114.32Mshares 111.91Mshares 110.13Mshares 27.78Mshares 16.05M
Pretax income-$134.02M-$91.67M-$113.00M-$189.10M-$153.03M-$141.22M
Income tax expense$46.00K-$1.30M$379.00K$1.34M$147.00K$0
Diluted EPS$-1.14$-0.79$-1.01$-1.73$-5.51$-8.80
Selling, general & administrativeUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
General & administrative$143.40M$149.94M$146.76M$187.37M$125.04M$99.14M
Selling & marketingUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Balance

Sweetgreen, Inc. balance by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-282024-12-292023-12-312022-12-252021-12-262020-12-27
Cash & equivalents$89.18M$214.79M$257.23M$331.61M$471.97MUnavailable
Total assets$788.10M$856.76M$856.56M$908.94M$762.65MUnavailable
Current assets$129.66M$234.54M$276.11M$346.15M$506.66MUnavailable
Total liabilities$431.98M$410.61M$373.96M$367.71M$109.53MUnavailable
Current liabilities$118.65M$115.83M$91.58M$72.55M$47.53MUnavailable
Total equity incl. NCI$356.12M$446.14M$482.60M$541.23M$653.12M-$307.36M
Temporary (mezzanine) equityUnavailableUnavailableUnavailableUnavailable$0$505.64M
Inventory$2.38M$1.99M$2.07M$1.38M$903.00KUnavailable
Accounts receivable$5.17M$5.03M$3.50M$3.24M$2.64MUnavailable
Goodwill$27.79M$35.97M$35.97M$35.97M$35.97M$6.28M
Long-term debtUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Accounts payable$19.88M$18.70M$17.38M$12.24M$11.20MUnavailable

Cash flow

Sweetgreen, Inc. cash flow by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-282024-12-292023-12-312022-12-252021-12-262020-12-27
Operating cash flow-$12.70M$43.39M$26.48M-$43.17M-$64.53M-$90.35M
Capital expenditures$106.49M$84.46M$89.67M$96.89M$84.51M$48.15M
Investing cash flow-$114.25M-$92.21M-$95.66M-$102.02M-$97.55M-$58.40M
Financing cash flow$2.86M$8.90M-$5.20M$4.63M$531.61M$2.14M
Net change in cash-$124.09M-$39.93M-$74.38M-$140.56M$369.53M-$146.61M
Stock-based compensation$36.48M$39.02M$49.53M$78.74M$28.90M$4.91M
Common dividends paidUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Common share repurchasesUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Depreciation & amortization$71.54M$67.35M$59.49M$46.47M$35.55M$26.85M

Derived

Sweetgreen, Inc. derived by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-282024-12-292023-12-312022-12-252021-12-262020-12-27
Free cash flow-$119.19M-$41.07M-$63.19M-$140.06M-$149.04M-$138.50M
Gross marginUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Operating margin-20.5%-14.1%-20.9%-41.1%-39.5%-64.2%
FCF margin-17.5%-6.1%-10.8%-29.8%-43.9%-62.8%
SBC / revenue5.4%5.8%8.5%16.7%8.5%2.2%
Current ratio1.09x2.02x3.02x4.77x10.66xUnavailable
Revenue YoY growth0.4%15.9%24.2%38.3%54.1%Unavailable
Net margin-19.7%-13.4%-19.4%-40.5%-45.1%-64.0%
R&D / revenue0.1%0.2%Unavailable0.4%UnavailableUnavailable
CapEx / revenue15.7%12.5%15.4%20.6%24.9%21.8%
Long-term debt / equityUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Effective tax rateUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open SG in the interactive workspace to inspect any figure back to its filing.

Source filings

10-Q · Filed 2026-08-07View SEC filing
10-Q · Filed 2026-05-08View SEC filing
10-K · Filed 2026-02-27View SEC filing
10-Q · Filed 2025-11-07View SEC filing
10-Q · Filed 2025-08-08View SEC filing
10-Q · Filed 2025-05-08View SEC filing

Companies in the same industry

Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.