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Sweetgreen SG Gift Cards — Gift Card Liability

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Other financials

Income statement

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Revenue$161.5M-2.9%
Gross profit$16.2M-45.4%
Operating income-$34.3M-20.4%
Net income$125.8M+602%
EPS (diluted)$1.05+600%

Balance sheet

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Cash & equivalents$161.0M-13.7%
Total debt$356.1M+8.1%
Total equity$488.9M+13.0%
Total assets$912.7M+9.4%

Cash flow

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Operating cash flow-$17.2M-30.7%
CapEx$12.4M-25.9%
Free cash flow-$29.6M+1.0%

Valuation

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Market cap$1.06B-26.3%
Enterprise value$1.26B-20.6%
P/E63.4×
P/S1.6×-0.5×

Profitability

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Gross margin13.3%-6.2pp
Operating margin-21.5%+22.8pp
Net margin2.5%+1.4pp
FCF margin-17.6%+929pp

Returns & leverage

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Return on equity3.6%+2.0pp
Debt / equity0.7×0.0×
Current ratio1.6×-0.4×

Where this comes from

Reported directly by Sweetgreen in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiabilityCurrent.

The official record: Sweetgreen’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Sweetgreen's gift cards — gift card liability?
Sweetgreen (SG) reported gift cards — gift card liability of $3.58M in Q1 2026.
How has Sweetgreen's gift cards — gift card liability changed year-over-year?
Sweetgreen's gift cards — gift card liability decreased by 22.7% year-over-year, from $4.62M to $3.58M.
What is the long-term trend for Sweetgreen's gift cards — gift card liability?
Over 3 years (2022 to 2025), Sweetgreen's gift cards — gift card liability has grown at a 39.1% compound annual growth rate (CAGR), from $6.92M to $18.61M.
What does gift cards — gift card liability mean?
This metric represents the total outstanding balance of unredeemed gift cards issued by the company. It serves as a measure of deferred revenue, reflecting funds received from customers for which the company has not yet provided goods or services. Monitoring this balance provides insight into customer loyalty and future potential revenue realization.