Filing Flows › Sweetgreen (SG) › Q4 2025
Sweetgreen (SG) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 27, 2026
Sweetgreen (SG) reported revenue of $155M for the fourth quarter 2025 (Q4 2025), -4% from a year earlier and -10% from the quarter before. Operating margin was -31.0%, net loss $49.7M (32.0% of revenue).
Sweetgreen, Q4 2025: revenue $155M (-4% year over year), operating margin -31.0%, net loss $49.7M, operating cash flow −$8.7M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $155M | -10% | -4% |
| Operating profit | −$48.1M | — | — |
| Net earnings | −$49.7M | — | — |
| Operating cash flow | −$8.7M | — | — |
What changed
Revenue was $155.2M in Q4 2025, down 4% year over year and down 10% from the previous quarter.
Operating costs exceeded revenue by $48.1M, an operating margin of -31.0%. Total costs grew 6% against a revenue fall of 4%. The fastest-growing cost line was Other operating costs (+12%). The quarter ended with a net loss of $49.7M, wider than the previous quarter's $36.1M loss.
Operating cash flow was −$8.7M. Non-cash charges added back $18.1M of depreciation and amortization and $12.4M of share-based compensation. Working capital and other items added $10.5M. Capital expenditures of $30.3M exceeded it, leaving free cash flow of −$39.0M.
Questions
What was Sweetgreen's revenue in the fourth quarter 2025?
Sweetgreen (SG) reported revenue of $155M for the fourth quarter 2025 (Q4 2025), -4% from a year earlier and -10% from the quarter before.
Was Sweetgreen profitable in the fourth quarter 2025?
Operating loss was $48.1M (-31.0% of revenue) and net loss $49.7M.
Source: Sweetgreen 10-K on SEC EDGAR.