Filing Flows › Cava Group (CAVA) › Q3 2025
Cava Group (CAVA) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 5, 2025
Cava Group (CAVA) reported revenue of $292M for the third quarter 2025 (Q3 2025), +20% from a year earlier and +4% from the quarter before. Operating margin was 5.9%, net earnings $14.7M (5.0% of revenue).
Cava Group, Q3 2025: revenue $292M (+20% year over year), operating margin 5.9%, net earnings $14.7M, operating cash flow $45.6M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $292M | +4% | +20% |
| Operating profit | $17.1M | -13% | +24% |
| Net earnings | $14.7M | -20% | -18% |
| Operating cash flow | $45.6M | -24% | +4% |
| Free cash flow | $1.4M | -93% | -94% |
What changed
Revenue was $292.2M in Q3 2025, up 20% year over year and up 4% from the previous quarter. Restaurant revenue was the largest line at 99% of revenue. Restaurant revenue added $48.3M year over year (up 20%), 100% of the total change.
Operating profit was $17.1M, a 5.9% margin (up 0.2 points year over year). Of the extra revenue versus a year earlier, 7% reached operating profit, above the 6% margin then. The fastest-growing cost line was Other operating costs (+25%). Net earnings were $14.7M, down 18% year over year. The effective tax rate was 28.6%.
Operating cash flow was $45.6M (up 4% year over year), 310% of net earnings. Non-cash charges added back $17.6M of depreciation and $3.3M of share-based compensation. Working capital and other items added $10.0M. Capital expenditures of $44.3M left free cash flow of $1.4M.
Questions
What was Cava Group's revenue in the third quarter 2025?
Cava Group (CAVA) reported revenue of $292M for the third quarter 2025 (Q3 2025), +20% from a year earlier and +4% from the quarter before.
Was Cava Group profitable in the third quarter 2025?
Operating profit was $17.1M (5.9% of revenue) and net earnings $14.7M.
Source: Cava Group 10-Q on SEC EDGAR.