6 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 25.2% per year over the past 5 years.
Operating margin has expanded, at -20.5% in the latest year.
Financial health
Operating income covered interest expense -7332.5× in the latest year, down from -350.5× 5 years ago.
The company is unprofitable and has less than a year of cash runway at its current free-cash-flow burn.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$679M
-$134M
0.0%
-20.5%
-$119M
—
$89M
2024
$677M
-$90M
0.0%
-14.1%
-$41M
—
$215M
2023
$584M
-$113M
0.0%
-20.9%
-$63M
—
$257M
2022
$470M
-$190M
0.0%
-41.1%
-$140M
—
$332M
2021
$340M
-$153M
0.0%
-39.5%
-$149M
—
$472M
2020
$221M
-$141M
0.0%
-64.2%
-$138M
—
—
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$162M
$126M
0.0%
-21.3%
-$30M
—
$157M
Dec '25
$155M
-$50M
0.0%
-31.0%
-$39M
—
$89M
Sep '25
$172M
-$36M
0.0%
-21.0%
-$37M
—
$130M
Jun '25
$186M
-$23M
0.0%
-14.2%
-$13M
—
$168M
Mar '25
$166M
-$25M
0.0%
-17.2%
-$30M
—
$184M
Dec '24
$161M
-$29M
0.0%
-19.5%
-$21M
—
$215M
Sep '24
$173M
-$21M
0.0%
-12.2%
-$10M
—
$235M
Jun '24
$185M
-$14M
0.0%
-8.8%
-$156000
—
$245M
Mar '24
$158M
-$26M
0.0%
-17.1%
-$10M
—
$244M
Dec '23
$153M
-$27M
0.0%
-19.1%
-$6M
—
$257M
Sep '23
$153M
-$25M
0.0%
-17.3%
-$6M
—
$275M
Jun '23
$153M
-$27M
0.0%
-20.5%
-$17M
—
$280M
Mar '23
$125M
-$34M
0.0%
-28.2%
-$34M
—
$297M
Dec '22
$119M
-$49M
0.0%
-40.2%
-$48M
—
$332M
Sep '22
$124M
-$51M
0.0%
-42.7%
-$26M
—
$381M
Jun '22
$125M
-$41M
0.0%
-34.2%
-$30M
—
$407M
Mar '22
$103M
-$50M
0.0%
-48.8%
-$35M
—
$437M
Dec '21
$96M
-$66M
0.0%
-49.5%
-$53M
—
$472M
Sep '21
$96M
-$30M
0.0%
-33.7%
-$31M
—
—
Jun '21
$86M
-$27M
0.0%
-28.0%
-$32M
—
—
Valuation over time
How the market has priced SG against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-sales ratio has fallen from 2.0× (Mar '23) to 1.6× (Jun '26).
Price / sales (P/S)
P/S
Frequently asked questions
Is SG growing its revenue and profit?
Over the past 5 years, Sweetgreen, Inc.'s revenue has grown 25.2% per year. These are computed facts, not advice.
How much debt does SG have?
As of FY2025, Sweetgreen, Inc. reported — of total debt against $89M of cash; operating income covered interest expense -7332.5×.
What is SG's profit margin?
In FY2025, gross margin was —, operating margin -20.5%, and net margin -19.7%.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.