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
Return on equity & assets (ROE / ROA)
ROEROA
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
ROE
ROA
FCF
Total debt
Cash
2025
$679M
-$134M
0.0%
-20.5%
-37.6%
-17.0%
-$119M
—
$89M
2024
$677M
-$90M
0.0%
-14.1%
-20.3%
-10.5%
-$41M
—
$215M
2023
$584M
-$113M
0.0%
-20.9%
-23.5%
-13.2%
-$63M
—
$257M
2022
$470M
-$190M
0.0%
-41.1%
-35.2%
-21.0%
-$140M
—
$332M
2021
$340M
-$153M
0.0%
-39.5%
-23.5%
-20.1%
-$149M
—
$472M
2020
$221M
-$141M
0.0%
-64.2%
45.9%
—
-$138M
—
—
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
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
ROE
ROA
FCF
Total debt
Cash
Jun '26
$193M
-$26M
0.0%
-14.2%
-5.6%
-2.9%
-$11M
—
$143M
Mar '26
$162M
$126M
0.0%
-21.3%
25.7%
13.8%
-$30M
—
$157M
Dec '25
$155M
-$50M
0.0%
-31.0%
-14.0%
-6.3%
-$39M
—
$89M
Sep '25
$172M
-$36M
0.0%
-21.0%
-9.2%
-4.4%
-$37M
—
$130M
Jun '25
$186M
-$23M
0.0%
-14.2%
-5.5%
-2.8%
-$13M
—
$168M
Mar '25
$166M
-$25M
0.0%
-17.2%
-5.8%
-3.0%
-$30M
—
$184M
Dec '24
$161M
-$29M
0.0%
-19.5%
-6.5%
-3.4%
-$21M
—
$215M
Sep '24
$173M
-$21M
0.0%
-12.2%
-4.5%
-2.4%
-$10M
—
$235M
Jun '24
$185M
-$14M
0.0%
-8.8%
-3.1%
-1.7%
-$156000
—
$245M
Mar '24
$158M
-$26M
0.0%
-17.1%
-5.5%
-3.1%
-$10M
—
$244M
Dec '23
$153M
-$27M
0.0%
-19.1%
-5.7%
-3.2%
-$6M
—
$257M
Sep '23
$153M
-$25M
0.0%
-17.3%
-5.0%
-2.8%
-$6M
—
$275M
Jun '23
$153M
-$27M
0.0%
-20.5%
-5.3%
-3.1%
-$17M
—
$280M
Mar '23
$125M
-$34M
0.0%
-28.2%
-6.4%
-3.8%
-$34M
—
$297M
Dec '22
$119M
-$49M
0.0%
-40.2%
-9.1%
-5.4%
-$48M
—
$332M
Sep '22
$124M
-$51M
0.0%
-42.7%
-8.9%
-7.3%
-$26M
—
$381M
Jun '22
$125M
-$41M
0.0%
-34.2%
-6.7%
-5.6%
-$30M
—
$407M
Mar '22
$103M
-$50M
0.0%
-48.8%
-8.0%
-6.7%
-$35M
—
$437M
Dec '21
$96M
-$66M
0.0%
-49.5%
-10.1%
-8.7%
-$53M
—
$472M
Sep '21
$96M
-$30M
0.0%
-33.7%
9.2%
—
-$31M
—
—
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 risen from 2.0× (Mar '23) to 2.0× (Nov '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%.
What is SG's P/E ratio?
Sweetgreen, Inc.'s P/E (TTM) is 99.88 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the SG stock page. These are computed facts, not advice.
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), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.