Sweetgreen, Inc. Goodwill & Intangibles Disclosure
Balance—December 29, 2024 | $ | 35,970 | |||
Disposal of Goodwill in Spyce Transaction | (8,177) | ||||
Balance—December 28, 2025 | $ | 27,793 | |||
| (dollar amounts in thousands) | December 28, 2025 | December 29, 2024 | |||||||||
| Internal use software | $ | 52,524 | $ | 45,933 | |||||||
| Developed technology | — | 20,050 | |||||||||
| Total intangible assets | 52,524 | 65,983 | |||||||||
| Accumulated amortization | (42,100) | (41,943) | |||||||||
| Total | $ | 10,424 | $ | 24,040 | |||||||
| (dollar amounts in thousands) | |||||
| 2026 | $ | 5,851 | |||
| 2027 | 3,506 | ||||
| 2028 | 1,067 | ||||
Total | $ | 10,424 | |||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 27, 2026 | Showing above |
| 2024 | Feb 27, 2025 | |
| 2023 | Feb 29, 2024 | |
| 2022 | Feb 23, 2023 | |
About Goodwill & Intangibles Disclosures
Goodwill and intangible asset disclosures reveal the premium paid in acquisitions and how management assesses whether that premium retains its value. Since goodwill is no longer amortized under US GAAP, the annual impairment test is the only mechanism that adjusts carrying values downward — making the assumptions behind that test critically important for investors.
Key signals: a history of goodwill impairments suggests management consistently overpays for acquisitions. Watch the gap between reporting unit fair value and carrying amount — when fair value exceeds carrying amount by less than 10-20%, a small decline in business performance could trigger a write-down. For finite-lived intangibles, examine useful life assumptions across customer relationships, technology, and trade names; aggressive estimates inflate near-term earnings. Compare total intangibles-to-total-assets ratios against peers to assess acquisition dependency. Rising goodwill as a percentage of equity can signal balance sheet fragility.