CAVA GROUP, INC.
Business
CAVA Group, Inc. operates fast-casual restaurants across multiple states and Washington, D.C., serving chef-curated and customizable Mediterranean bowls, pitas, salads, and related menu items. The company manufactures and distributes signature dips, spreads, and dressing bases through company-owned production facilities for both restaurant use and consumer packaged goods retail sales in grocery stores. CAVA's business spans restaurant dining through multiple channels including in-restaurant, digital pick-up, drive-thru, delivery, and catering, alongside a growing CPG channel, with digital sales forming a substantial portion of total revenue.
Summary from 10-K filed 2026-02-25
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Revenue | 1,180 | 964 | 729 | 564 | 500 | |
| Food, beverage, and packaging | 353 | 285 | 213 | 180 | 155 | |
| Labor | 302 | 247 | 187 | 158 | 143 | |
| Occupancy | 84 | 70 | 58 | 54 | 49 | |
| Other operating expenses | 151 | 120 | 89 | 75 | 70 | |
| Total restaurant operating expenses | 889 | 722 | 548 | 466 | 418 | |
| General and administrative expenses | 137 | 121 | 101 | 70 | 65 | |
| Depreciation and amortization | 74 | 60 | 47 | 43 | 45 | |
| Restructuring and other costs | 0 | 580,000 | 6 | 6 | 7 | |
| Pre-opening costs | 19 | 12 | 16 | 19 | 8 | |
| Impairment and asset disposal costs | 5 | 5 | 5 | 20 | 11 | |
| Total operating expenses | 1,124 | 921 | 724 | 624 | 553 | |
| Income from operations | 55 | 43 | 5 | −60 | −53 | |
| Interest income, net | −15 | −16 | −9 | 47,000 | — | |
| Other income, net | −469,000 | −318,000 | −471,000 | −919,000 | −20 | |
| Income before taxes | 71 | 60 | 14 | −59 | −37 | |
| Provision for (benefit from) income taxes | 7 | −70 | 768,000 | 93,000 | 117,000 | |
| Net income | 64 | 130 | 13 | −59 | −37 | |
| Basic (in usd per share) | 0.55 | 1.14 | 0.22 | −44.41 | −51.06 | |
| Diluted (in usd per share) | 0.54 | 1.1 | 0.21 | −44.41 | −51.06 | |
| Basic (in shares) | 116 | 114 | 61 | 1 | 732,000 | |
| Diluted (in shares) | 118 | 118 | 63 | 1 | 732,000 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 283 | 366 | 332 | 39 | — | |
| Trade accounts receivable, net | 6 | 5 | 4 | 3 | — | |
| Other accounts receivable | 13 | 8 | 8 | 5 | — | |
| Investments at fair value (amortized cost of $109,951) | 110 | 0 | — | — | — | |
| Inventories | 9 | 8 | 6 | 5 | — | |
| Prepaid expenses and other | 10 | 7 | 5 | 6 | — | |
| Total current assets | 431 | 394 | 355 | 58 | — | |
| Property and equipment, net | 458 | 373 | 331 | 243 | — | |
| Operating lease assets | 389 | 322 | 289 | 274 | — | |
| Goodwill | 2 | 2 | 2 | 2 | — | |
| Intangible assets, net | 2 | 1 | 1 | 1 | — | |
| Deferred income taxes | 65 | 72 | 0 | — | — | |
| Other long-term assets | 13 | 6 | 5 | 6 | — | |
| Total assets | 1,360 | 1,170 | 984 | 584 | — | |
| Accounts payable | 37 | 26 | 17 | 14 | — | |
| Accrued expenses and other | 77 | 70 | 59 | 40 | — | |
| Operating lease liabilities, current | 49 | 37 | 33 | 30 | — | |
| Total current liabilities | 163 | 133 | 109 | 84 | — | |
| Operating lease liabilities | 418 | 341 | 304 | 285 | — | |
| Total liabilities | 580 | 474 | 413 | 370 | — | |
| Commitments and Contingencies (Note 10) | — | — | — | — | — | |
| Common stock, par value $0.0001 per share; 2,500,000 authorized; 116,127 and 115,093 issued and outstanding, respectively | 12,000 | 12,000 | 11,000 | 0 | — | |
| Treasury stock, at cost; 1,431 shares | −34 | −34 | −10 | −7 | — | |
| Additional paid-in capital | 1,068 | 1,047 | 1,028 | 19 | — | |
| Accumulated deficit | −254 | −317 | −448 | −461 | — | |
| Accumulated other comprehensive income | 118,000 | 0 | — | — | — | |
| Total stockholders equity | 780 | 696 | 571 | −449 | −393 | |
| Total liabilities and stockholders equity | 1,360 | 1,170 | 984 | 584 | — |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Unrealized gain on convertible promissory note | −291,000 | 0 | 0 | — | — | |
| Equity-based compensation | 15 | 14 | 9 | 4 | 5 | |
| Deferred income taxes | 6 | −72 | 50,000 | 5,000 | — | |
| Trade accounts receivable | −2 | −1 | −835,000 | −50,000 | 453,000 | |
| Other accounts receivable | −4 | 26,000 | −3 | −2 | −1 | |
| Inventories | −1 | −2 | −498,000 | −1 | −1 | |
| Prepaid expenses and other | −5 | −3 | 60,000 | −318,000 | −1 | |
| Operating lease assets | −68 | −32 | −21 | −34 | 0 | |
| Accounts payable | 9 | 9 | 3 | 336,000 | −555,000 | |
| Accrued expenses and other | 5 | 11 | 19 | −3 | 1 | |
| Operating lease liabilities | 88 | 43 | 26 | 39 | 0 | |
| Net cash provided by operating activities | 185 | 161 | 97 | 6 | 3 | |
| Purchases of property and equipment | −159 | −108 | −139 | −104 | −56 | |
| Purchases of debt securities | −135 | 0 | 0 | — | — | |
| Investment in convertible promissory note | −5 | 0 | 0 | — | — | |
| Proceeds from principal payments on debt securities | 25 | 0 | 0 | — | — | |
| Net cash used in investing activities | −273 | −108 | −139 | −104 | −56 | |
| Proceeds from long-term debt | 0 | 0 | 6 | 0 | 0 | |
| Payments on long-term debt | 0 | 0 | −6 | 0 | 0 | |
| Tax withholding on equity-based compensation awards | 0 | −25 | −3 | −911,000 | — | |
| Shares purchased under equity plans | 5 | 5 | 1 | 37,000 | 7 | |
| Proceeds from initial public offering, net of underwriting fees of $22.8 million | 0 | 0 | 343 | 0 | 0 | |
| Offering costs paid | 0 | 0 | −5 | −1 | 0 | |
| Payment of loan acquisition fees | 0 | 0 | −372,000 | −986,000 | 0 | |
| Payments on finance lease obligations | 0 | −45,000 | −85,000 | −115,000 | — | |
| Net cash provided by (used in) financing activities | 5 | −19 | 335 | −3 | 143 | |
| Net change in cash and cash equivalents | −83 | 34 | 293 | −101 | 90 | |
| Cash paid for fees and interest related to long-term debt | 164,000 | 211,000 | 330,000 | 161,000 | 768,000 | |
| Cash paid for income taxes | 2 | 3 | 116,000 | 523,000 | 212,000 | |
| Change in accrued purchases of property and equipment | 4 | −986,000 | 584,000 | 5 | — | |
| Conversion of redeemable preferred stock into common stock in connection with initial public offering | 0 | 0 | 662 | 0 | 0 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is CAVA GROUP, INC.'s CIK number?
CAVA GROUP, INC.'s SEC CIK number is 0001639438 (1639438). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find CAVA GROUP, INC.'s SEC filings?
All of CAVA GROUP, INC.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did CAVA GROUP, INC. last report earnings?
CAVA GROUP, INC. (CAVA) most recently filed an earnings 8-K with the SEC on May 19, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001628280-26-036461). This is CAVA GROUP, INC.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is CAVA GROUP, INC.'s most recent earnings 8-K?
CAVA GROUP, INC.'s latest earnings 8-K (Item 2.02) was filed May 19, 2026 under accession 0001628280-26-036461. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View CAVA GROUP, INC.'s latest earnings 8-K →
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