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Sweetgreen SG Gift Cards — Gift Card Liability

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Other financials

Income statement

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Revenue$192.7M+3.8%
Gross profit$25.2M-28.3%
Operating income-$27.4M-3.7%
Net income-$26.3M-13.4%
EPS (diluted)-$0.22-10.0%

Balance sheet

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Cash & equivalents$148.8M-13.8%
Total debt$355.4M+4.9%
Total equity$467.6M+10.5%
Total assets$895.7M+7.7%

Cash flow

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Operating cash flow-$442.0K
CapEx$10.1M-57.1%
Free cash flow-$10.6M+19.6%

Valuation

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Market cap$641.67M-43.3%
Enterprise value$848.28M-34.7%
P/E46.9×
P/S0.9×-0.7×

Profitability

See full
Gross margin11.7%-6.9pp
Operating margin-21.4%+12.4pp
Net margin2%+1.1pp
FCF margin-17.1%+23.9pp

Returns & leverage

See full
Return on equity3.1%+1.6pp
Debt / equity0.8×0.0×
Current ratio1.4×-0.4×

Where this comes from

Reported directly by Sweetgreen in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiabilityCurrent.

The source filing: Sweetgreen’s 10-Q, filed August 7, 2026.

Filed
Aug 6, 2026, 8:00 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-054522
(dollar amounts in thousands)As of June 28,2026As of December 28,2025
Gift Card Liability$3,569$3,649

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Sweetgreen's gift cards — gift card liability?
Sweetgreen (SG) reported gift cards — gift card liability of $3.57M in Q2 2026.
How has Sweetgreen's gift cards — gift card liability changed year-over-year?
Sweetgreen's gift cards — gift card liability decreased by 28.8% year-over-year, from $5.01M to $3.57M.
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.

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