Filing Flows › Sweetgreen (SG) › Q1 2026
Sweetgreen (SG) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 8, 2026
Sweetgreen (SG) reported revenue of $162M for the first quarter 2026 (Q1 2026), -3% from a year earlier and +4% from the quarter before. Operating margin was -21.3%, net earnings $126M (77.9% of revenue).
Sweetgreen, Q1 2026: revenue $162M (-3% year over year), operating margin -21.3%, net earnings $126M, operating cash flow −$17.2M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $162M | +4% | -3% |
| Operating profit | −$34.3M | — | — |
| Net earnings | $126M | — | — |
| Operating cash flow | −$17.2M | — | — |
What changed
Revenue was $161.5M in Q1 2026, down 3% year over year and up 4% from the previous quarter.
Operating costs exceeded revenue by $34.3M, an operating margin of -21.3%. Total costs grew 1% against a revenue fall of 3%. Net earnings were $125.8M. The effective tax rate was 1.4%. Non-operating items added $161.9M, 127% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$17.2M. Non-cash charges added back $18.6M of depreciation and amortization and $5.8M of share-based compensation. Working capital and other items used $167.4M. Capital expenditures of $12.4M exceeded it, leaving free cash flow of −$29.6M.
Questions
What was Sweetgreen's revenue in the first quarter 2026?
Sweetgreen (SG) reported revenue of $162M for the first quarter 2026 (Q1 2026), -3% from a year earlier and +4% from the quarter before.
Was Sweetgreen profitable in the first quarter 2026?
Operating loss was $34.3M (-21.3% of revenue) and net earnings $126M.
Source: Sweetgreen 10-Q on SEC EDGAR.