Sweetgreen, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | $679.5M | $676.8M | $584.0M | $470.1M | $339.9M | $220.6M |
| Cost of Revenue | $575.9M | $543.9M | $482.1M | $400.8M | $299.5M | $229.3M |
| Gross Profit | $103.5M | $132.9M | $101.9M | $69.3M | $40.4M | $-8.7M |
| Gross Margin | 15.2% | 19.6% | 17.5% | 14.7% | 11.9% | -3.9% |
| Operating Expenses | ||||||
| Research & Development | $1.0M | $1.2M | $1.2M | $2.0M | — | — |
| SG&A Expense | $143.4M | $149.9M | $146.8M | $187.4M | $125.0M | $99.1M |
| Operating Income | $-139.3M | $-95.7M | $-122.3M | $-193.3M | $-134.4M | $-141.6M |
| Operating Margin | -20.5% | -14.1% | -20.9% | -41.1% | -39.5% | -64.2% |
| Interest Expense | $19.0K | $256.0K | $128.0K | $83.0K | $87.0K | $404.0K |
| Pretax Income | $-134.0M | $-91.7M | $-113.0M | $-189.1M | $-153.0M | $-141.2M |
| Income Tax Expense | $46.0K | $-1.3M | $379.0K | $1.3M | $147.0K | $0 |
| Net Income | $-134.1M | $-90.4M | $-113.4M | $-190.4M | $-153.2M | $-141.2M |
| Net Margin | -19.7% | -13.4% | -19.4% | -40.5% | -45.1% | -64.0% |
| EPS (Basic) | $-1.14 | $-0.79 | $-1.01 | $-1.73 | $-1.38 | $-2.20 |
| EPS (Diluted) | $-1.14 | $-0.79 | $-1.01 | $-1.73 | $-1.38 | $-2.20 |
| Shares Outstanding (Basic) | 118.0M | 114.3M | 111.9M | 110.1M | 111.1M | 64.2M |
| Shares Outstanding (Diluted) | 118.0M | 114.3M | 111.9M | 110.1M | 111.1M | 64.2M |
| Dividends Per Share | — | — | — | — | — | — |