Filing Flows › Consumer Discretionary › Sweetgreen (SG)
Sweetgreen (SG) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 6, 2026 · Sweetgreen (SG) Q3 2026 earnings results →
Q3 2026 Revenue up 2% year over year to $176M · 17¢ of every $1 of revenue lost · operating margin -18.1%
Sweetgreen made $176M in Q3 2026 (+2% Y/Y). Operating margin -18.1%, net loss $30.7M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 6, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $176.0M in Q3 2026, up 2% year over year and down 9% from the previous quarter.
Operating costs exceeded revenue by $31.8M, an operating margin of -18.1%. Total costs fell 0% while revenue rose 2%. The quarter ended with a net loss of $30.7M, wider than the previous quarter's $26.3M loss.
Operating cash flow was −$10.9M. Non-cash charges added back $18.6M of depreciation and amortization and $3.2M of share-based compensation. Working capital and other items used $1.8M. Capital expenditures of $11.2M exceeded it, leaving free cash flow of −$22.1M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 6, 2026 | $176M | +2% | -18.1% | −$30.7M | −$10.9M |
| Q2 2026 | 10-Q | Aug 7, 2026 | $193M | +4% | -14.2% | −$26.3M | −$442K |
| Q1 2026 | 10-Q | May 8, 2026 | $162M | -3% | -21.3% | $126M | −$17.2M |
| Q4 2025 | 10-K | Feb 27, 2026 | $155M | -4% | -31.0% | −$49.7M | −$8.7M |
| Q3 2025 | 10-Q | Nov 7, 2025 | $172M | -0.6% | -21.0% | −$36.1M | −$1.4M |
| Q2 2025 | 10-Q | Aug 8, 2025 | $186M | +0.5% | -14.2% | −$23.2M | $10.5M |
| Q1 2025 | 10-Q | May 8, 2025 | $166M | +5% | -17.2% | −$25.0M | −$13.1M |
Charts
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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Customers and suppliers named in filings
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About Sweetgreen
Sweetgreen, Inc., a Delaware corporation (together with its subsidiaries, “Sweetgreen,” “we,”, “us,” or the “Company”) is a mission-driven, next generation restaurant and lifestyle brand that serves healthy food at scale. Our bold vision is to be as ubiquitous as traditional fast food, but with the transparency and quality that consumers increasingly expect. As of December 28, 2025 , we owned and operate d 281 restaurants in 24 states and Washington, D.C. We have designed our menu to be delicious, customizable, and convenient to empower our customers to make healthier choices for both lunch and dinner. We are constantly seeking ways to enhance our menu, all while honoring our food ethos.
In its own words, from its 10-K, filed Feb 27, 2026.
Sweetgreen against its Retail-Eating Places peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +2% against the peers' median +5%. Operating margin: -18.1% against the peers' median 13.0%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| SG Sweetgreen | Q3 2026 | $176M | +2% | -18.1% |
| MCD McDonald's | Q3 2026 | $7.2B | +1% | 50.2% |
| ARMK Aramark | Q3 FY26 | $5.1B | +9% | 4.3% |
| YUMC Yum China Holdings | Q3 2026 | $3.5B | +8% | 13.0% |
| CMG Chipotle Mexican Grill | Q3 2026 | $3.3B | +10% | 13.7% |
| DRI Darden Restaurants | Q1 FY27 | $3.2B | +5% | 10.0% |
| QSR Restaurant Brands International | Q3 2026 | $2.5B | +3% | 27.6% |
| YUM Yum Brands | Q3 2026 | $2.1B | +4% | 112.8% |
| TXRH Texas Roadhouse | Q3 2026 | $1.6B | +10% | 6.5% |
Source: Sweetgreen 10-Q on SEC EDGAR · CIK 1477815 · Retail-Eating Places
Guidance and outlook
13F: who owns SG and who is buying
More on SG
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results