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Sweetgreen (SG) Q3 2026 earnings results (third quarter 2026)

10-Q filed Nov 6, 2026

Sweetgreen (SG) reported revenue of $176M for the third quarter 2026 (Q3 2026), +2% from a year earlier and -9% from the quarter before. Operating margin was -18.1%, net loss $30.7M (17.5% of revenue).

Revenue$176M
Year over year+2%
Quarter over quarter-9%
Operating margin-18.1%
Net earnings−$30.7M

Sweetgreen, Q3 2026: revenue $176M (+2% year over year), operating margin -18.1%, net loss $30.7M, operating cash flow −$10.9M. The chart follows the revenue to costs, profit and cash.

Q3 2026AmountQ/QY/Y
Revenue$176M-9%+2%
Operating profit−$31.8M——
Net earnings−$30.7M——
Operating cash flow−$10.9M——

What changed

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.

Questions

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

Sweetgreen (SG) reported revenue of $176M for the third quarter 2026 (Q3 2026), +2% from a year earlier and -9% from the quarter before.

Was Sweetgreen profitable in the third quarter 2026?

Operating loss was $31.8M (-18.1% of revenue) and net loss $30.7M.

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Source: Sweetgreen 10-Q on SEC EDGAR.