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NYSE · Consumer Discretionary

Sweetgreen, Inc. (SG)

As-reported financials and SEC filings for Sweetgreen, Inc. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About Sweetgreen, Inc.

Sweetgreen, Inc. operates a chain of fast-casual restaurants that serve healthy, customizable salads, bowls, and plates. The company owns and operates 281 restaurants across 24 states and Washington, D.C., offering a menu focused on high-quality ingredients and seasonal items. Sweetgreen serves customers seeking convenient, nutritious meals for lunch and dinner through both physical locations and digital channels.

Snapshot

Revenue
$679.5M
Revenue growth (YoY)
0.4%
Net income
$-134.1M
Diluted EPS
$-1.14
Gross margin
Operating margin
-20.5%
Net margin
-19.7%
FCF margin
-17.5%
ROE
-37.6%
net income / fiscal-year-end equity
P/E
trailing when available, otherwise FY EPS
Market cap
$770.2M
Long-term debt / equity
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 28, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Sweetgreen

  • Revenue grew 0.4% to $679M in FY2025, slower than the 15.9% the year before.
  • Operating margin is -20.5% in FY2025, +19.0 pp against -39.5% in FY2021.
  • Most recent quarter Q2 FY2026: revenue $193M, up 3.8% from Q2 FY2025.
  • Free cash flow was negative $119M in FY2025.
  • Net loss widened to $134M in FY2025, from $90M in FY2024.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Sweetgreen’s fundamentals sit among the 42 restaurant companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Operating margin-20.5%
Lowest of 40
Net margin-19.7%
7th percentile of 42
FCF margin-17.5%
2nd percentile of 42
Revenue growth (YoY)+0.4%
29th percentile of 42
ROE-37.6%
7th percentile of 29
Short interest2.88d
38th percentile of 41

Sweetgreen’s operating margin of -20.5% is the lowest of the 40 restaurant companies reporting it. Sweetgreen’s FCF margin of -17.5% ranks in the 2nd percentile of the 42 restaurant companies reporting it. Sweetgreen’s net margin of -19.7% ranks in the 7th percentile of the 42 restaurant companies reporting it.

No reported insider purchases (code P) in the last 90 days; 2 insider sales totaling $123,219. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among industry peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 5 quant / multi-strat books among the superinvestors we track; no conviction manager currently reports a position.

Conviction investors
0
+5 quant / multi-strat
Initiated / added
4
0 new, 4 added
Reduced / exited
1
1 trimmed, 0 exited
Combined position
$73.7M
reported long value
InvestorAs ofPosition valueSharesChange
Point72 Asset ManagementquantQ2 2026$29.0M3.3MAdded
Citadel AdvisorsquantQ2 2026$17.7M2.0MAdded
Millennium ManagementquantQ2 2026$10.8M1.2MReduced
Two Sigma InvestmentsquantQ2 2026$8.5M959.8KAdded
AQR Capital ManagementquantQ2 2026$7.8M883.6KAdded

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
2
$123K
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-08-17
filed 2026-08-18
McConnell JamieChief Financial OfficerSell15.0K$6.21$93K
2026-08-17
filed 2026-08-18
Cochran Jason MilesChief Operating OfficerSell4.8K$6.21$30K
2026-05-18
filed 2026-05-19
Cochran Jason MilesChief Operating OfficerSell15.0K$7.99$120K
2026-05-18
filed 2026-05-19
McConnell JamieChief Financial OfficerSell1.4K$8.00$11K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
23.9M
settled 2026-08-14
Change vs prior
+11.7%
vs previous settlement
Days to cover
2.88
at avg daily volume
Avg daily volume
8.3M
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-1423.9M+11.7%2.88
2026-07-3121.4M+0.6%3.46
2026-07-1521.2M-4.7%4.53
2026-06-3022.3M+7.0%4.75
2026-06-1520.8M+5.4%3.49
2026-05-2919.8M-5.6%2.42
2026-05-1520.9M-8.6%3.88
2026-04-3022.9M-4.0%6.44

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$679.5M$676.8M$584.0M$470.1M$339.9M
Gross profit
Operating income$-139.3M$-95.7M$-122.3M$-193.3M$-134.4M
Net income$-134.1M$-90.4M$-113.4M$-190.4M$-153.2M
Diluted EPS$-1.14$-0.79$-1.01$-1.73$-1.38

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$89.2M$214.8M$257.2M$331.6M$472.0M
Current assets$129.7M$234.5M$276.1M$346.1M$506.7M
Total assets$788.1M$856.8M$856.6M$908.9M$762.6M
Current liabilities$118.7M$115.8M$91.6M$72.5M$47.5M
Long-term debt
Total liabilities$432.0M$410.6M$374.0M$367.7M$109.5M
Total equity$356.1M$446.1M$482.6M$541.2M$653.1M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$-12.7M$43.4M$26.5M$-43.2M$-64.5M
Capital expenditure$106.5M$84.5M$89.7M$96.9M$84.5M
Free cash flow$-119.2M$-41.1M$-63.2M$-140.1M$-149.0M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$192.7M3.8%$-26.3M$-0.22
Q1 FY2026$161.5M-2.9%$125.8M$1.05
Q4 FY2025$155.2M-3.5%$-49.7M$-0.42
Q3 FY2025$172.4M-0.6%$-36.1M$-0.31
Q2 FY2025$185.6M0.5%$-23.2M$-0.20
Q1 FY2025$166.3M5.4%$-25.0M$-0.21
Q4 FY2024$160.9M5.1%$-29.0M$-0.25
Q3 FY2024$173.4M13.0%$-20.8M$-0.18

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNYSE
SectorConsumer Discretionary
SIC industryRetail-Eating Places
Latest annual periodFY2025 (ended December 28, 2025)
Latest reported quarterQ2 FY2026 (ended June 28, 2026)
Oldest indexed filing2009
SEC CIK1477815

Selected SEC filings

10-K2026-02-27
View on EDGAR →
10-Q2026-08-07
View on EDGAR →
10-Q2026-05-08
View on EDGAR →
10-Q2025-11-07
View on EDGAR →
8-K2026-08-31
View on EDGAR →
8-K2026-08-06
View on EDGAR →
8-K2026-06-15
View on EDGAR →
8-K2026-05-07
View on EDGAR →

Largest restaurant peers

All restaurant stocksAll Consumer Discretionary companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.