SG (Sweetgreen, Inc.) Stock Financials & Earnings | Market Cap Arena

SG (Sweetgreen, Inc.) Stock Financials & Earnings | Market Cap Arena

SGSweetgreen, Inc.

Mkt Cap$703M

Consumer Cyclical·Restaurants·🇺🇸 United States·NYSE

Revenue (TTM)$679M

Net Income (TTM)-$134M

EPS (TTM)-$1.14

Free Cash Flow (TTM)-$219M

Gross Margin4.7%

Op. Margin-16.2%

Net Margin-19.7%

FCF Margin-32.2%

P/S Ratio (TTM)1.0x

P/E Ratio (TTM)—

YoY Rev Growth+0.4%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$125M	$17M	-$35M
Q2 23	$153M	$31M	-$31M
Q3 23	$153M	$29M	-$26M
Q4 23	$153M	$25M	-$29M
Q1 24	$158M	$29M	-$27M
Q2 24	$185M	$42M	-$16M
Q3 24	$173M	$35M	-$21M
Q4 24	$161M	$28M	-$31M
Q1 25	$166M	$30M	-$29M
Q2 25	$186M	$35M	-$26M
Q3 25	$172M	$23M	-$36M
Q4 25	$155M	-$55M	-$19M

Valuation

Quarter	P/S	P/E
Q1 23	1.4x	—
Q2 23	1.4x	—
Q3 23	1.3x	—
Q4 23	1.2x	—
Q1 24	1.1x	—
Q2 24	1.1x	—
Q3 24	1.1x	—
Q4 24	1.0x	—
Q1 25	1.0x	—
Q2 25	1.0x	—
Q3 25	1.0x	—
Q4 25	1.0x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	-$3M	-$36M
Q2 23	$8M	-$18M
Q3 23	$13M	-$8M
Q4 23	$9M	-$8M
Q1 24	$3M	-$12M
Q2 24	$19M	-$2M
Q3 24	$15M	-$12M
Q4 24	$6M	-$23M
Q1 25	-$13M	-$32M
Q2 25	$10M	-$15M
Q3 25	-$1M	-$37M
Q4 25	-$4M	-$134M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$32M
Q2 23	$26M
Q3 23	$21M
Q4 23	$16M
Q1 24	$15M
Q2 24	$21M
Q3 24	$27M
Q4 24	$29M
Q1 25	$19M
Q2 25	$25M
Q3 25	$36M
Q4 25	$130M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+21.9%	+5.1%
Q2 23	+22.1%	+9.7%
Q3 23	+23.7%	+1.7%
Q4 23	+29.1%	+6.7%
Q1 24	+26.2%	+15.2%
Q2 24	+21.1%	+9.3%
Q3 24	+13.0%	+8.2%
Q4 24	+5.1%	+5.5%
Q1 25	+5.4%	+5.5%
Q2 25	+0.5%	+5.6%
Q3 25	-0.6%	+7.2%
Q4 25	-3.5%	-9.6%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$14M	11.4%
Q2 23	$14M	9.4%
Q3 23	$11M	7.5%
Q4 23	$9M	6.1%
Q1 24	$10M	6.1%
Q2 24	$11M	5.9%
Q3 24	$10M	5.6%
Q4 24	$9M	5.5%
Q1 25	$10M	6.1%
Q2 25	$8M	4.3%
Q3 25	$0	0.0%
Q4 25	$44M	28.3%

OpEx Breakdown

Quarter	G&A
Q1 23	$35M
Q2 23	$40M
Q3 23	$36M
Q4 23	$36M
Q1 24	$37M
Q2 24	$39M
Q3 24	$37M
Q4 24	$37M
Q1 25	$38M
Q2 25	$35M
Q3 25	$31M
Q4 25	$40M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$297M	$0	$297M
Q2 23	$280M	$0	$280M
Q3 23	$275M	$0	$275M
Q4 23	$257M	$0	$257M
Q1 24	$244M	$0	$244M
Q2 24	$245M	$0	$245M
Q3 24	$235M	$0	$235M
Q4 24	$215M	$0	$215M
Q1 25	$184M	$0	$184M
Q2 25	$168M	$0	$168M
Q3 25	$130M	$0	$130M
Q4 25	$89M	$0	$89M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	111M	+0.3%
Q2 23	112M	+0.3%
Q3 23	112M	+0.5%
Q4 23	113M	+0.3%
Q1 24	113M	+0.2%
Q2 24	114M	+0.7%
Q3 24	115M	+1.0%
Q4 24	116M	+1.1%
Q1 25	117M	+1.1%
Q2 25	118M	+0.4%
Q3 25	118M	+0.4%
Q4 25	118M	+0.1%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 19	$255K	1K
FY 20	$205K	1K
FY 21	$70K	5K
FY 22	$79K	6K
FY 23	$94K	6K
FY 24	$106K	6K
FY 25	$105K	6K