Filing Flows › Sweetgreen (SG) › Q2 2025
Sweetgreen (SG) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 8, 2025
Sweetgreen (SG) reported revenue of $186M for the second quarter 2025 (Q2 2025), +0.5% from a year earlier and +12% from the quarter before. Operating margin was -14.2%, net loss $23.2M (12.5% of revenue).
Sweetgreen, Q2 2025: revenue $186M (+0.5% year over year), operating margin -14.2%, net loss $23.2M, operating cash flow $10.5M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $186M | +12% | +0.5% |
| Operating profit | −$26.4M | — | — |
| Net earnings | −$23.2M | — | — |
| Operating cash flow | $10.5M | — | -45% |
What changed
Revenue was $185.6M in Q2 2025, up 1% year over year and up 12% from the previous quarter.
Operating costs exceeded revenue by $26.4M, an operating margin of -14.2%. Total costs grew 6% against revenue growth of 1%. The fastest-growing cost line was Other operating costs (+49%). The quarter ended with a net loss of $23.2M, narrower than the previous quarter's $25.0M loss.
Operating cash flow was $10.5M (down 45% year over year). Non-cash charges added back $18.0M of depreciation and amortization and $8.0M of share-based compensation. Working capital and other items added $7.6M. Capital expenditures of $23.6M exceeded it, leaving free cash flow of −$13.1M.
Questions
What was Sweetgreen's revenue in the second quarter 2025?
Sweetgreen (SG) reported revenue of $186M for the second quarter 2025 (Q2 2025), +0.5% from a year earlier and +12% from the quarter before.
Was Sweetgreen profitable in the second quarter 2025?
Operating loss was $26.4M (-14.2% of revenue) and net loss $23.2M.
Source: Sweetgreen 10-Q on SEC EDGAR.