Sweetgreen, Inc.
Business
Sweetgreen, Inc. is a mission-driven restaurant brand that owns and operates 281 fast-casual locations serving customizable salads, bowls, and plates made with high-quality, sourced ingredients. The company operates a vertically integrated supply chain with direct relationships with farmers and producers, emphasizing scratch cooking and food safety across its restaurant fleet. Sweetgreen serves lunch and dinner in 24 states and Washington, D.C., competing in the fast-casual and health-conscious dining segments through company-operated restaurants, digital channels, and delivery partnerships.
Summary from 10-K filed 2026-02-27
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 | FY 2020 2020-12-31 |
|---|---|---|---|---|---|---|
| Revenue | 677 | 584 | 470 | 340 | 221 | |
| Total restaurant operating costs | 544 | 482 | 401 | 299 | 229 | |
| General and administrative | 150 | 147 | 187 | 125 | 99 | |
| Depreciation and amortization | 67 | 59 | 46 | 36 | 27 | |
| Pre-opening costs | 7 | 9 | 12 | 9 | 5 | |
| Impairment and closure costs | 2 | 624,000 | 3 | 5 | 1 | |
| Loss on disposal of property and equipment | 300,000 | 700,000 | 300,000 | 100,000 | 900,000 | |
| Restructuring charges | 2 | 7 | 14 | 0 | 0 | |
| Total operating expenses | 229 | 224 | 263 | 175 | 133 | |
| Loss from operations | −96 | −122 | −193 | −134 | −142 | |
| Interest income | −11 | −13 | −5 | −450,000 | −1 | |
| Interest expense | 256,000 | 128,000 | 83,000 | 87,000 | 404,000 | |
| Other expense | 7 | 3 | 819,000 | 19 | 245,000 | |
| Net loss before income taxes | −92 | −113 | −189 | −153 | −141 | |
| Income tax (benefit) expense | −1 | 400,000 | 1 | 100,000 | 0 | |
| Net loss | −90 | −113 | −190 | −153 | −141 | |
| Net loss per share basic (in dollars per share) | −0.79 | −1.01 | −1.73 | −5.51 | −8.8 | |
| Net loss per share diluted (in dollars per share) | −0.79 | −1.01 | −1.73 | −5.51 | −8.8 | |
| Weighted average shares used in computing net loss per share basic (in shares) | 114 | 112 | 110 | 28 | 16 | |
| Weighted average shares used in computing net loss per share diluted (in shares) | 114 | 112 | 110 | 28 | 16 |
Consolidated Balance Sheet
| Concept | Trend | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 | FY 2020 2020-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 215 | 257 | 332 | 472 | — | |
| Accounts receivable | 5 | 4 | 3 | 3 | — | |
| Inventory | 2 | 2 | 1 | 903,000 | — | |
| Prepaid expenses | 8 | 6 | 8 | 14 | — | |
| Current portion of lease acquisition costs | 93,000 | 93,000 | 93,000 | 525,000 | — | |
| Other current assets | 5 | 7 | 2 | 155,000 | — | |
| Total current assets | 235 | 276 | 346 | 507 | — | |
| Operating lease assets | 257 | 244 | 254 | 0 | — | |
| Property and equipment, net | 296 | 267 | 235 | 181 | — | |
| Goodwill | 36 | 36 | 36 | 36 | 6 | |
| Intangible assets, net | 24 | 27 | 31 | 33 | — | |
| Security deposits | 1 | 1 | 2 | 2 | — | |
| Lease acquisition costs, net | 333,000 | 426,000 | 518,000 | 4 | — | |
| Restricted cash | 3 | 125,000 | 125,000 | 328,000 | — | |
| Other assets | 4 | 4 | 5 | 0 | — | |
| Total assets | 857 | 857 | 909 | 763 | — | |
| Current portion of operating lease liabilities | 42 | 31 | 30 | 0 | — | |
| Accounts payable | 19 | 17 | 12 | 11 | — | |
| Accrued expenses | 27 | 21 | 22 | 16 | — | |
| Accrued payroll | 15 | 13 | 7 | 12 | — | |
| Gift cards and loyalty liability | 4 | 3 | 2 | 2 | — | |
| Other current liabilities | 10 | 6 | 0 | — | — | |
| Total current liabilities | 116 | 92 | 73 | 48 | — | |
| Operating lease liabilities, net of current portion | 289 | 271 | 271 | 0 | — | |
| Contingent consideration liability | 5 | 8 | 21 | 20 | — | |
| Other non-current liabilities | 173,000 | 819,000 | 1 | 500,000 | — | |
| Deferred income tax liabilities | 361,000 | 2 | 1 | 125,000 | — | |
| Total liabilities | 411 | 374 | 368 | 110 | — | |
| COMMITMENTS AND CONTINGENCIES (Note 14) | — | — | — | — | — | |
| Common stock, $0.001 par value, 2,000,000,000 Class A shares authorized, 105,200,553 and 99,700,052 Class A shares issued and outstanding as of December 29, 2024 and December 31, 2023, respectively; 300,000,000 Class B shares authorized and 11,915,758 and 12,939,094 Class B shares issued and outstanding as of December 29, 2024 and December 31, 2023, respectively. | 117,000 | 113,000 | 111,000 | 109,000 | — | |
| Additional paid-in capital | 1,321 | 1,267 | 1,213 | 1,129 | — | |
| Accumulated deficit | −875 | −785 | −672 | −476 | — | |
| Total stockholders (deficit) equity | 446 | 483 | 541 | 653 | −307 | |
| Total liabilities and stockholders (deficit) equity | 857 | 857 | 909 | 763 | — |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 | FY 2020 2020-12-31 |
|---|---|---|---|---|---|---|
| Amortization of lease acquisition costs | 93,000 | 92,000 | 93,000 | 400,000 | 300,000 | |
| Amortization of loan origination fees | 71,000 | 55,000 | 126,000 | 95,000 | 96,000 | |
| Amortization of cloud computing arrangements | 914,000 | 880,000 | 224,000 | 0 | 0 | |
| Operating lease cost | 31 | 29 | 28 | 0 | 0 | |
| Stock-based compensation | 39 | 50 | 79 | 29 | 5 | |
| Impairment and closure costs | 2 | 90,000 | 3 | 5 | 1 | |
| Non-cash restructuring charges | 701,000 | 5 | 13 | 0 | 0 | |
| Deferred income tax (benefit) expense | −1 | 358,000 | 1 | 125,000 | 0 | |
| Change in fair value of contingent consideration | 7 | 3 | 819,000 | 4 | 0 | |
| Account receivable | −2 | −258,000 | −600,000 | −2 | 1 | |
| Inventory | 82,000 | −686,000 | −480,000 | −283,000 | 211,000 | |
| Prepaid expenses and other current assets | −22,000 | −4 | −3 | −8 | 475,000 | |
| Operating lease liabilities | −18 | −22 | −14 | 0 | 0 | |
| Accounts payable | 759,000 | 10 | −5 | 3 | 958,000 | |
| Accrued payroll and benefits | 2 | 7 | −8 | 3 | 2 | |
| Accrued expenses | 3 | 1 | 6 | −2 | 9 | |
| Gift card and loyalty liability | 2 | 781,000 | 177,000 | −498,000 | −946,000 | |
| Other non-current liabilities | −646,000 | −533,000 | −458,000 | 0 | 0 | |
| Net cash provided by (used in) operating activities | 43 | 26 | −43 | −65 | −90 | |
| Purchase of property and equipment | −84 | −90 | −97 | −85 | −48 | |
| Purchase of intangible assets | −8 | −6 | −5 | −8 | −9 | |
| Security and landlord deposits | −13,000 | 122,000 | 242,000 | 253,000 | 30,000 | |
| Net cash used in investing activities | −92 | −96 | −102 | −98 | −58 | |
| Proceeds from stock option exercise | 13 | 5 | 5 | 26 | 2 | |
| Payment of contingent consideration | −4 | −10 | 0 | 0 | — | |
| Payment of loan origination fees | 0 | 0 | −126,000 | 0 | 0 | |
| Payment associated to shares repurchased for tax withholding | −2,000 | −166,000 | 0 | 0 | — | |
| Net cash (used in) provided by financing activities | 9 | −5 | 5 | 532 | 2 | |
| Net decrease in cash and cash equivalents and restricted cash | −40 | −74 | −141 | 370 | −147 | |
| Cash paid for interest | 184,000 | 50,000 | 0 | 0 | 383,000 | |
| Purchase of property and equipment accrued in accounts payable and accrued expenses | 10 | 7 | 8 | 2 | 469,000 | |
| Stock Issued | 2 | 0 | 0 | — | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Sweetgreen, Inc.'s CIK number?
Sweetgreen, Inc.'s SEC CIK number is 0001477815 (1477815). 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 Sweetgreen, Inc.'s SEC filings?
All of Sweetgreen, 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 Sweetgreen, Inc. last report earnings?
Sweetgreen, Inc. (SG) most recently filed an earnings 8-K with the SEC on May 7, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001628280-26-032197). This is Sweetgreen, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Sweetgreen, Inc.'s most recent earnings 8-K?
Sweetgreen, Inc.'s latest earnings 8-K (Item 2.02) was filed May 7, 2026 under accession 0001628280-26-032197. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Sweetgreen, Inc.'s latest earnings 8-K →
Look up any company's CIK number →