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Sweetgreen SG Q3 2025 earnings

Reported November 6, 2025 · After market close

Revenue$172.4MBeat by $12.8M
EPS-$0.27Miss by $0.09
Revenue estimate$159.6M
EPS estimate-$0.18

Next report

Aug 6, 2026 (In 1 week)
Revenue estimate$194.9M
EPS estimate-$0.13

Financials

Q3 2025

Income statement

See full
Revenue$172.4M-0.6%
Gross profit$22.5M-35.6%
Operating income-$36.3M-71.3%
Net income-$36.1M-73.6%
EPS (diluted)-$0.31-72.2%

Balance sheet

See full
Cash & equivalents$134.1M-43.5%
Total debt$356.4M+13.3%
Total equity$393.3M-15.1%
Total assets$824.8M-3.9%

Cash flow

See full
Operating cash flow-$1.4M-109%
CapEx$35.8M+42.9%
Free cash flow-$37.2M-260%

Valuation & ratios

Valuation

as of 09/28/25
See full
Market cap$943.33M-76.6%
Enterprise value$1.17B-71.6%
P/S1.4×-4.6×

Profitability

See full
Gross margin16.8%-2.6pp
Operating margin-17.9%+7.0pp
Net margin-16.5%+5.4pp
FCF margin-14.7%-23.2pp

Returns & leverage

See full
Return on equity-26.5%+20.5pp
Debt / equity0.9×+0.2×
Current ratio1.3×-1.3×

Versus estimates

Revenue

Q1 2026$161.5MMiss by $2.4MQ4 2025$155.2MMiss by $3.6M
Q3 2025$172.4MBeat by $12.8M
Q2 2025$185.6MMiss by $7.9MQ1 2025$166.3MMiss by $39.3MQ4 2024$160.9MMiss by $3.8M

Diluted EPS

Q1 2026-$0.27Miss by $0.04Q4 2025-$0.42Miss by $0.11
Q3 2025-$0.27Miss by $0.09
Q2 2025-$0.20Miss by $0.08Q1 2025-$0.21In lineQ4 2024-$0.25Miss by $0.04

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Questions, answered.

When did Sweetgreen report Q3 2025 earnings?
Sweetgreen (SG) reported Q3 2025 earnings on November 6, 2025 after market close.
What were Sweetgreen's Q3 2025 revenue and EPS?
Sweetgreen reported revenue of $172.4M and eps of $-0.27 for Q3 2025.
Did Sweetgreen beat estimates in Q3 2025?
Revenue beat the consensus estimate of $159.6M by $12.8M. EPS missed the consensus estimate of $-0.18 by $0.09.
How did Sweetgreen's Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 0.6% from $173.4M a year earlier and eps declined 50.0% from $-0.18.
Where can I find Sweetgreen's Q3 2025 SEC filings?
You can read the 8-K earnings release (0001628280-25-050204) and the 10-Q periodic report (0001628280-25-050385) directly on SEC EDGAR. The filing index links above go to sec.gov.