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Sweetgreen (SG) Q2 2026 earnings results (second quarter 2026)

10-Q filed Aug 7, 2026

Sweetgreen (SG) reported revenue of $193M for the second quarter 2026 (Q2 2026), +4% from a year earlier and +19% from the quarter before. Operating margin was -14.2%, net loss $26.3M (13.6% of revenue).

Revenue$193M
Year over year+4%
Quarter over quarter+19%
Operating margin-14.2%
Net earnings−$26.3M

Sweetgreen, Q2 2026: revenue $193M (+4% year over year), operating margin -14.2%, net loss $26.3M, operating cash flow −$442K. The chart follows the revenue to costs, profit and cash.

Q2 2026AmountQ/QY/Y
Revenue$193M+19%+4%
Operating profit−$27.4M——
Net earnings−$26.3M-121%—
Operating cash flow−$442K—-104%

What changed

Revenue was $192.7M in Q2 2026, up 4% year over year and up 19% from the previous quarter.

Operating costs exceeded revenue by $27.4M, an operating margin of -14.2%. Total costs grew 4% against revenue growth of 4%. The fastest-growing cost line was Cost of revenue (+11%). The quarter ended with a net loss of $26.3M, after a profit of $125.8M the previous quarter.

Operating cash flow was −$442K. Non-cash charges added back $18.8M of depreciation and amortization and $5.2M of share-based compensation. Working capital and other items added $1.9M. Capital expenditures of $10.1M exceeded it, leaving free cash flow of −$10.6M.

Questions

What was Sweetgreen's revenue in the second quarter 2026?

Sweetgreen (SG) reported revenue of $193M for the second quarter 2026 (Q2 2026), +4% from a year earlier and +19% from the quarter before.

Was Sweetgreen profitable in the second quarter 2026?

Operating loss was $27.4M (-14.2% of revenue) and net loss $26.3M.

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Source: Sweetgreen 10-Q on SEC EDGAR.