Sweetgreen, Inc. (SG) Income Statement
SG 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsSG revenue and net income
Where SG's revenue goes
2025Each bar shows an amount and its share of revenue. SG kept −19.7% of revenue as net income.
SG profit margins
SG growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +0.4% | +13.1% | +25.2% | — |
| Gross profit | −22.1% | +14.3% | — | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
SG quarterly EPS vs estimates
Sweetgreen beat the analyst EPS estimate in 2 of the last 8 quarters. Next report: November 5, 2026 (estimate $-0.28).
SG income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $679.5M | $676.8M | $584.0M | $470.1M | $339.9M | $220.6M | $274.2M | $1.46B | $170.5M | $113.2M |
| Cost of revenue | $575.9M | $543.9M | $482.1M | $400.8M | $299.5M | $229.3M | $230.2M | $148.1M | $122.2M | $81.6M |
| Gross profit | $103.5M | $132.9M | $101.9M | $69.3M | $40.4M | −$8.7M | $44.0M | $1.46B | $48.3M | $31.6M |
| Sales, general & admin | $143.4M | $149.9M | $160.6M | $201.0M | $134.7M | $109.5M | $97.2M | $77.9M | $67.8M | $46.0M |
| Total operating expenses | $214.9M | $228.7M | $224.3M | $262.6M | $174.8M | $132.9M | $114.0M | −$1.40B | — | — |
| Operating income | −$111.4M | −$95.7M | −$122.3M | −$193.3M | −$134.4M | −$141.6M | −$70.1M | $53.1M | −$32.1M | −$21.3M |
| Interest income | $6.5M | $10.9M | $12.4M | $5.1M | $363,000 | $614,000 | $2.6M | $2.7M | $944,000 | $59,000 |
| Interest expense | $19,000 | $256,000 | $128,000 | $83,000 | $87,000 | $404,000 | $88,000 | $30.8M | $0 | $0 |
| Income before taxes | −$134.0M | −$91.7M | −$113.0M | −$189.1M | −$153.0M | −$141.2M | −$67.9M | $23.7M | −$33.0M | −$21.2M |
| Income taxes | $46,000 | −$1.3M | $379,000 | $1.3M | $147,000 | $159,000 | −$392,000 | $40.4M | — | — |
| Net income | −$134.1M | −$90.4M | −$113.4M | −$190.4M | −$153.2M | −$141.2M | −$67.9M | −$18.1M | −$33.0M | −$21.2M |
| EBITDA | −$62.5M | −$23.2M | −$52.5M | −$142.3M | −$117.4M | −$114.0M | −$48.4M | $78.4M | — | — |
| EPS (diluted) | −$0.93 | −$0.57 | −$0.46 | −$1.01 | −$3.19 | −$1.57 | −$0.42 | −$1.31 | — | — |
| Gross margin | 15.2% | 19.6% | 17.5% | 14.7% | 11.9% | −3.9% | 16.0% | 100.0% | 28.3% | 27.9% |
| Operating margin | −16.4% | −14.1% | −20.9% | −41.1% | −39.5% | −64.2% | −25.6% | 3.6% | −18.8% | −18.8% |
| Net margin | −19.7% | −13.4% | −19.4% | −40.5% | −45.1% | −64.0% | −24.8% | −1.2% | −19.4% | −18.7% |
| 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 | $192.7M | $161.5M | $155.2M | $172.4M | $185.6M | $166.3M | $160.9M | $173.4M | $184.6M | $157.8M | $153.0M | $153.4M |
| Cost of revenue | $167.5M | $163.9M | $139.0M | $149.9M | $150.5M | $136.6M | $133.0M | $138.5M | $143.1M | $129.3M | $128.2M | $124.3M |
| Gross profit | $25.2M | −$2.4M | $16.2M | $22.5M | $35.1M | $29.7M | $28.0M | $34.9M | $41.5M | $28.5M | $24.8M | $29.1M |
| Research & development | — | — | — | — | — | — | $300,000 | $300,000 | $300,000 | — | — | — |
| Sales, general & admin | $29.7M | $29.3M | $39.7M | $30.9M | $34.5M | $38.3M | $37.1M | $36.8M | $39.5M | $36.9M | $49.3M | $36.0M |
| Total operating expenses | $52.6M | $29.3M | $57.8M | $49.2M | $61.5M | $58.2M | $59.4M | $56.1M | $57.7M | $55.5M | $54.1M | $55.6M |
| Operating income | −$27.4M | −$31.7M | −$41.6M | −$26.7M | −$26.4M | −$28.5M | −$31.4M | −$21.2M | −$16.2M | −$26.9M | −$29.3M | −$26.5M |
| Interest income | $1.2M | $1.4M | $1.4M | $1.5M | $1.7M | $1.9M | $2.3M | $2.8M | $2.9M | $3.0M | $3.2M | $3.4M |
| Interest expense | $62,000 | $28,000 | $7,000 | $7,000 | $5,000 | $0 | $14,000 | $26,000 | $197,000 | $19,000 | $70,000 | $19,000 |
| Income before taxes | −$26.3M | $127.6M | −$49.9M | −$36.1M | −$23.1M | −$24.9M | −$30.6M | −$20.7M | −$14.4M | −$26.0M | −$28.0M | −$24.7M |
| Income taxes | $12,000 | $1.8M | −$224,000 | $90,000 | $90,000 | $90,000 | −$1.6M | $90,000 | $90,000 | $90,000 | −$575,000 | $318,000 |
| Net income | −$26.3M | $125.8M | −$49.7M | −$36.1M | −$23.2M | −$25.0M | −$29.0M | −$20.8M | −$14.5M | −$26.1M | −$27.4M | −$25.1M |
| EBITDA | −$7.4M | $146.2M | −$30.8M | −$18.2M | −$4.6M | −$7.8M | −$12.4M | −$3.8M | $3.0M | −$9.5M | −$11.7M | −$9.0M |
| EPS (diluted) | −$0.22 | −$0.21 | −$0.42 | −$0.18 | −$0.20 | −$0.13 | −$0.25 | −$0.07 | −$0.02 | −$0.23 | −$0.13 | −$0.09 |
| Gross margin | 13.1% | −1.5% | 10.4% | 13.1% | 18.9% | 17.9% | 17.4% | 20.1% | 22.5% | 18.1% | 16.2% | 19.0% |
| Operating margin | −14.2% | −19.6% | −26.8% | −15.5% | −14.2% | −17.2% | −19.5% | −12.2% | −8.8% | −17.1% | −19.1% | −17.3% |
| Net margin | −13.6% | 77.9% | −32.0% | −21.0% | −12.5% | −15.1% | −18.0% | −12.0% | −7.8% | −16.5% | −17.9% | −16.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in SG's financial statements (latest annual report filed February 27, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
SG financial results
In fiscal year 2025 (ended December 31, 2025), Sweetgreen reported revenue of $679.5 million, up 0.4% from the year before. It had a net loss of $134.1 million, a net profit margin of −19.7%. Diluted earnings per share came to −$0.93. Over five years revenue grew at an average rate of 25.2% a year.
See the SG stock overview for the latest quote and news, or the SG chart for price history and technical indicators.
SG income statement FAQ
What is Sweetgreen's annual revenue?
Sweetgreen reported total revenue of $679.5 million for fiscal year 2025, which ended on December 31, 2025. That was up 0.4% from $676.8 million the previous year.
Is Sweetgreen profitable?
No. Sweetgreen reported a net loss of $134.1 million in fiscal 2025, a net profit margin of −19.7%; its operating margin was −16.4%.
What is Sweetgreen's gross margin?
Sweetgreen's gross margin was 15.2% in fiscal 2025: for every $100 of revenue, Sweetgreen kept $15 after the direct cost of its products and services.
How fast is Sweetgreen growing?
Revenue grew 25.2% a year on average over the last five fiscal years, from $220.6 million to $679.5 million.
What are Sweetgreen's earnings per share?
Sweetgreen earned $-0.93 per diluted share in fiscal 2025, compared with $-0.57 a year earlier.
When will Sweetgreen report its next earnings?
Sweetgreen is expected to report results for the quarter ending September 30, 2026 on November 5, 2026 after the market closes.
When does Sweetgreen's fiscal year end?
Sweetgreen's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 27, 2026.