CAVA Group, Inc. (CAVA) Income Statement
CAVA 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsCAVA revenue and net income
Where CAVA's revenue goes
2025Each bar shows an amount and its share of revenue. CAVA kept 5.4% of revenue as net income.
CAVA profit margins
CAVA growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +22.4% | +27.9% | +4.8% | — |
| Gross profit | −10.3% | +30.3% | +12.9% | — |
| Operating income | +84.0% | — | +1.8% | — |
| Net income | −51.1% | — | +0.9% | — |
| EPS (diluted) | +10.2% | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
CAVA quarterly EPS vs estimates
CAVA beat the analyst EPS estimate in 6 of the last 8 quarters. Next report: November 4, 2026 (estimate $0.12).
CAVA income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.18B | $963.7M | $728.7M | $564.1M | $500.1M | $931.8M | $428.3M |
| Cost of revenue | $962.9M | $721.9M | $548.4M | $466.1M | $417.9M | $813.7M | $361.9M |
| Gross profit | $216.8M | $241.8M | $180.3M | $98.0M | $82.2M | $118.1M | $66.4M |
| Sales, general & admin | $137.5M | $120.5M | $117.6M | $70.0M | $64.8M | — | — |
| Total operating expenses | $137.5M | $198.7M | $175.6M | $157.8M | $134.9M | $44.9M | $26.2M |
| Operating income | $79.3M | $43.1M | $4.7M | −$59.8M | −$52.8M | $72.4M | $37.5M |
| Interest income | $15.0M | $16.5M | $8.9M | — | — | — | — |
| Interest expense | — | $16.5M | — | $47,000 | $4.8M | — | — |
| Income before taxes | $70.8M | $59.9M | $14.0M | −$58.9M | −$37.3M | $78.1M | $45.7M |
| Income taxes | $7.1M | −$70.4M | $768,000 | $93,000 | $117,000 | $16.4M | $9.4M |
| Net income | $63.7M | $130.3M | $13.3M | −$59.0M | −$37.4M | $60.8M | $33.0M |
| EBITDA | $144.5M | $121.3M | $78.9M | $27.9M | $12.1M | $77.3M | $44.2M |
| EPS (diluted) | $0.54 | $0.49 | $0.41 | −$0.52 | −$38.03 | — | — |
| Gross margin | 18.4% | 25.1% | 24.7% | 17.4% | 16.4% | 12.7% | 15.5% |
| Operating margin | 6.7% | 4.5% | 0.6% | −10.6% | −10.5% | 7.8% | 8.8% |
| Net margin | 5.4% | 13.5% | 1.8% | −10.5% | −7.5% | 6.5% | 7.7% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $368.4M | $438.3M | $275.0M | $292.2M | $280.6M | $331.8M | $227.4M | $243.8M | $233.5M | $259.0M | $177.2M | $175.6M |
| Cost of revenue | $272.9M | $352.5M | $234.0M | $237.5M | $222.7M | $268.6M | $176.0M | $181.2M | $171.1M | $193.6M | $137.3M | $142.6M |
| Gross profit | $95.6M | $85.7M | $41.0M | $54.7M | $57.9M | $63.3M | $51.4M | $62.6M | $62.4M | $65.4M | $39.9M | $33.0M |
| Sales, general & admin | $39.8M | $51.0M | $32.5M | $31.5M | $32.1M | $41.4M | $28.5M | $29.8M | $31.6M | $33.8M | $24.7M | $24.5M |
| Total operating expenses | $68.7M | $51.0M | $32.5M | $31.5M | $32.1M | $41.4M | $47.5M | $48.9M | $46.2M | $56.1M | $41.4M | $24.5M |
| Operating income | $26.8M | $34.7M | $8.4M | $23.2M | $25.8M | $21.9M | $4.0M | $13.8M | $16.1M | $9.3M | −$1.6M | $8.5M |
| Interest income | $3.3M | $4.1M | $3.3M | $3.6M | $3.6M | $4.6M | — | $4.1M | $3.8M | — | — | — |
| Income before taxes | $30.6M | $30.0M | $6.1M | $20.7M | $23.7M | $20.4M | $7.7M | $17.9M | $20.0M | $14.2M | $2.7M | $6.9M |
| Income taxes | $7.6M | $6.5M | $1.2M | $5.9M | $5.3M | −$5.4M | −$70.9M | −$57,000 | $287,000 | $252,000 | $652,000 | $38,000 |
| Net income | $23.0M | $23.6M | $4.9M | $14.7M | $18.4M | $25.7M | $78.6M | $18.0M | $19.7M | $14.0M | $2.0M | $6.8M |
| EBITDA | $51.5M | $55.5M | $24.5M | $38.3M | $40.5M | $41.2M | $22.9M | $32.8M | $34.1M | $31.5M | $15.2M | $18.4M |
| EPS (diluted) | $0.19 | $0.20 | $0.04 | $0.12 | $0.16 | $0.22 | $0.05 | $0.15 | $0.17 | $0.12 | $0.03 | $0.08 |
| Gross margin | 25.9% | 19.6% | 14.9% | 18.7% | 20.6% | 19.1% | 22.6% | 25.7% | 26.7% | 25.2% | 22.5% | 18.8% |
| Operating margin | 7.3% | 7.9% | 3.1% | 8.0% | 9.2% | 6.6% | 1.7% | 5.6% | 6.9% | 3.6% | −0.9% | 4.8% |
| Net margin | 6.2% | 5.4% | 1.8% | 5.0% | 6.5% | 7.7% | 34.6% | 7.4% | 8.5% | 5.4% | 1.2% | 3.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in CAVA's financial statements (latest annual report filed February 25, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
CAVA financial results
In fiscal year 2025 (ended December 31, 2025), CAVA reported revenue of $1.2 billion, up 22.4% from the year before. It had net income of $63.7 million (down 51.1%), a net profit margin of 5.4%. Diluted earnings per share came to $0.54. Over five years revenue grew at an average rate of 4.8% a year.
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CAVA income statement FAQ
What is CAVA's annual revenue?
CAVA reported total revenue of $1.2 billion for fiscal year 2025, which ended on December 31, 2025. That was up 22.4% from $963.7 million the previous year.
Is CAVA profitable?
Yes. CAVA reported net income of $63.7 million in fiscal 2025, a net profit margin of 5.4%; its operating margin was 6.7%.
What is CAVA's gross margin?
CAVA's gross margin was 18.4% in fiscal 2025: for every $100 of revenue, CAVA kept $18 after the direct cost of its products and services.
How fast is CAVA growing?
Revenue grew 4.8% a year on average over the last five fiscal years, from $931.8 million to $1.2 billion.
What are CAVA's earnings per share?
CAVA earned $0.54 per diluted share in fiscal 2025, compared with $0.49 a year earlier.
When will CAVA report its next earnings?
CAVA is expected to report results for the quarter ending September 30, 2026 on November 4, 2026 after the market closes.
When does CAVA's fiscal year end?
CAVA's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 25, 2026.