Filing Flows › Sweetgreen (SG) › Q1 2025
Sweetgreen (SG) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
Sweetgreen (SG) reported revenue of $166M for the first quarter 2025 (Q1 2025), +5% from a year earlier and +3% from the quarter before. Operating margin was -17.2%, net loss $25.0M (15.1% of revenue).
Sweetgreen, Q1 2025: revenue $166M (+5% year over year), operating margin -17.2%, net loss $25.0M, operating cash flow −$13.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $166M | +3% | +5% |
| Operating profit | −$28.5M | — | — |
| Net earnings | −$25.0M | — | — |
| Operating cash flow | −$13.1M | — | — |
What changed
Revenue was $166.3M in Q1 2025, up 5% year over year and up 3% from the previous quarter.
Operating costs exceeded revenue by $28.5M, an operating margin of -17.2%. Total costs grew 5% against revenue growth of 5%. The quarter ended with a net loss of $25.0M, narrower than the previous quarter's $29.0M loss.
Operating cash flow was −$13.1M. Non-cash charges added back $17.1M of depreciation and amortization and $10.2M of share-based compensation. Working capital and other items used $15.4M. Capital expenditures of $16.7M exceeded it, leaving free cash flow of −$29.9M.
Questions
What was Sweetgreen's revenue in the first quarter 2025?
Sweetgreen (SG) reported revenue of $166M for the first quarter 2025 (Q1 2025), +5% from a year earlier and +3% from the quarter before.
Was Sweetgreen profitable in the first quarter 2025?
Operating loss was $28.5M (-17.2% of revenue) and net loss $25.0M.
Source: Sweetgreen 10-Q on SEC EDGAR.