Filing Flows › Cava Group (CAVA) › Q4 2025
Cava Group (CAVA) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 25, 2026
Cava Group (CAVA) reported revenue of $275M for the fourth quarter 2025 (Q4 2025), +21% from a year earlier and -6% from the quarter before. Operating margin was 1.0%, net earnings $4.9M (1.8% of revenue).
Cava Group, Q4 2025: revenue $275M (+21% year over year), operating margin 1.0%, net earnings $4.9M, operating cash flow $40.3M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $275M | -6% | +21% |
| Operating profit | $2.8M | -84% | -29% |
| Net earnings | $4.9M | -67% | -94% |
| Operating cash flow | $40.3M | -12% | +35% |
| Free cash flow | $2.9M | +109% | +36% |
What changed
Revenue was $275.0M in Q4 2025, up 21% year over year and down 6% from the previous quarter. Restaurant revenue was the largest line at 99% of revenue.
Operating profit was $2.8M, a 1.0% margin (down 0.7 points year over year). Operating profit fell $1.1M even though revenue rose $47.6M versus Q4 2024, so costs grew faster than sales. Total costs grew 22% against revenue growth of 21%. The fastest-growing cost line was Other operating costs (+27%). Net earnings were $4.9M, down 94% year over year. The effective tax rate was 19.0%. Non-operating items added $3.3M, 54% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $40.3M (up 35% year over year), 819% of net earnings. Non-cash charges added back $18.4M of depreciation and amortization and $3.5M of share-based compensation. Working capital and other items added $13.5M. Capital expenditures of $37.4M left free cash flow of $2.9M.
Questions
What was Cava Group's revenue in the fourth quarter 2025?
Cava Group (CAVA) reported revenue of $275M for the fourth quarter 2025 (Q4 2025), +21% from a year earlier and -6% from the quarter before.
Was Cava Group profitable in the fourth quarter 2025?
Operating profit was $2.8M (1.0% of revenue) and net earnings $4.9M.
Source: Cava Group 10-K on SEC EDGAR.