Sweetgreen Inc. (SG) Financial Statements (2025 and earlier)

Company Profile

Business Address 3101 W. EXPOSITION BOULEVARD
LOS ANGELES, CA 90018
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 5812 - Eating Places (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments244,583243,756257,230274,743280,333296,828
Cash and cash equivalents244,583243,756257,230274,743280,333296,828
Receivables6,4945,5903,5029,8917,8165,064
Inventory, net of allowances, customer advances and progress billings2,0381,8542,0693,3483,1451,284
Inventory2,0381,8542,0693,3483,1451,284
Prepaid expense7,5746,7735,7675,9757,6147,537
Other current assets5,0075,6227,4504,6127,4868,042
Other undisclosed current assets939393939393
Total current assets:265,789263,688276,111298,662306,487318,848
Noncurrent Assets
Operating lease, right-of-use asset249,226243,602243,992245,882248,839257,130
Property, plant and equipment276,278267,132266,902264,270259,848246,929
Intangible assets, net (including goodwill)61,58162,32663,37764,51965,36766,052
Goodwill35,97035,97035,97035,97035,97035,970
Intangible assets, net (excluding goodwill)25,61126,35627,40728,54929,39730,082
Restricted cash and investments575125125125125125
Other noncurrent assets3,9394,0204,2184,3934,5984,705
Other undisclosed noncurrent assets1,7861,8091,8322,0042,1112,017
Total noncurrent assets:593,385579,014580,446581,193580,888576,958
TOTAL ASSETS:859,174842,702856,557879,855887,375895,806
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities47,02541,72538,22535,09436,13533,855
Accounts payable21,59919,72217,38013,60914,65713,124
Accrued liabilities25,42622,00320,84521,48521,47820,731
Deferred revenue3,3783,1372,7971,8321,8241,836
Other liabilities   6,000   
Other undisclosed current liabilities47,21642,47044,55744,12740,12537,571
Total current liabilities:97,61987,33291,57981,05378,08473,262
Noncurrent Liabilities
Liabilities, other than long-term debt291,420285,092282,381298,468297,967299,987
Deferred income tax liabilities1,9531,8631,7732,3692,0501,733
Other liabilities7797998191,2341,2671,299
Operating lease, liability277,398272,053271,439271,978273,375274,607
Business combination, contingent consideration, liability11,29010,3778,35022,88721,27522,348
Total noncurrent liabilities:291,420285,092282,381298,468297,967299,987
Total liabilities:389,039372,424373,960379,521376,051373,249
Equity
Equity, attributable to parent470,135470,278482,597500,334511,324522,557
Common stock114113113112112111
Additional paid in capital1,295,5331,281,2171,267,4691,257,7931,243,7281,227,704
Accumulated deficit(825,512)(811,052)(784,985)(757,571)(732,516)(705,258)
Total equity:470,135470,278482,597500,334511,324522,557
TOTAL LIABILITIES AND EQUITY:859,174842,702856,557879,855887,375895,806

Income Statement (P&L) ($ in thousands)

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
Revenues184,641157,850153,026153,428152,525125,062
Cost of revenue
(Cost of Goods and Services Sold)
(143,122)(129,313)(128,245)(124,315)(121,436)(108,125)
Gross profit:41,51928,53724,78129,11331,08916,937
Operating expenses(57,703)(55,452)(54,070)(55,600)(62,335)(52,259)
Operating loss:(16,184)(26,915)(29,289)(26,487)(31,246)(35,322)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(909)(2,059)(1,878)(1,612)1,073(1,058)
Interest and debt expense  (19)(70)(19)(18)(21)
Loss from continuing operations before equity method investments, income taxes:(17,093)(28,993)(31,237)(28,118)(30,191)(36,401)
Other undisclosed income from continuing operations before income taxes2,7233,0163,2483,3813,2513,062
Loss from continuing operations before income taxes:(14,370)(25,977)(27,989)(24,737)(26,940)(33,339)
Income tax expense (benefit)(90)(90)575(318)(318)(318)
Net loss available to common stockholders, diluted:(14,460)(26,067)(27,414)(25,055)(27,258)(33,657)

Comprehensive Income ($ in thousands)

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
Net loss:(14,460)(26,067)(27,414)(25,055)(27,258)(33,657)
Comprehensive loss, net of tax, attributable to parent:(14,460)(26,067)(27,414)(25,055)(27,258)(33,657)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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