← Sweetgreen, Inc.
| Annual Trend | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Net loss | ($141.2m) | ($153.2m) | ($190.4m) | ($113.4m) | ($90.4m) | ($134.1m) | — | |
| Depreciation and amortization | $26.9m | $35.5m | $46.5m | $59.5m | $67.3m | $71.5m | $74.9m | |
| Amortization of lease acquisition costs | $344k | $402k | $93k | $92k | $93k | $92k | — | |
| Amortization of loan origination fees | $96k | $95k | $126k | $55k | $71k | $0 | — | |
| Amortization of cloud computing arrangements | $0 | $0 | $224k | $880k | $914k | $1.0m | — | |
| Deferred income tax (benefit) expense | $0 | $125k | $1.3m | $358k | ($1.4m) | ($89k) | $91k | |
| Stock-based compensation | $4.9m | $28.9m | $78.7m | $49.5m | $39.0m | $36.5m | $29.2m | |
| Impairment and closure costs | $1.5m | $4.9m | $2.5m | $90k | $1.8m | $11.6m | — | |
| Accounts receivable | $1.3m | ($1.6m) | ($600k) | ($258k) | ($1.5m) | ($132k) | $959k | |
| Inventory | $211k | ($283k) | ($480k) | ($686k) | $82k | ($397k) | ($461k) | |
| Accounts payable | $958k | $3.0m | ($4.5m) | $9.9m | $759k | $1.2m | ($2.9m) | |
| Purchase of property and equipment accrued in accounts payable and accrued expenses | $469k | $2.4m | $8.0m | $6.8m | $9.8m | $11.2m | ($96.0m) | |
| Accrued payroll and benefits | $2.3m | $2.8m | ($8.0m) | $6.6m | $1.6m | ($6.6m) | — | |
| Accrued expenses and other current liabilities | $8.5m | ($1.6m) | $5.7m | $1.2m | $3.3m | $5.8m | — | |
| Prepaid expenses and other current assets | $475k | ($8.4m) | ($2.6m) | ($3.8m) | ($22k) | $4.3m | — | |
| Net cash (used in) provided by operating activities | ($90.4m) |
($64.5m)
+28.58%
|
($43.2m)
+33.10%
|
$26.5m
+161.34%
|
$43.4m
+63.86%
|
($12.7m)
-129.26%
|
($27.6m)
-117.67%
|
|
| Loss on disposal of property and equipment | $891k | $107k | $278k | $687k | $255k | $1.4m | — | |
| Purchase of property and equipment | ($48.1m) | ($84.5m) | ($96.9m) | ($89.7m) | ($84.5m) | ($106.5m) | ($96.0m) | |
| Net cash used in investing activities | ($58.4m) | ($97.5m) | ($102.0m) | ($95.7m) | ($92.2m) | ($114.3m) | $4.0m | |
| Net cash provided by (used in) financing activities | $2.1m |
$531.6m
+24683.73%
|
$4.6m
-99.13%
|
($5.2m)
-212.24%
|
$8.9m
+271.09%
|
$2.9m
-67.84%
|
($188k)
-106.57%
|
|
| Cash and cash equivalents and restricted cash—beginning of year | $102.8m | $472.3m | $331.7m | $257.4m | $217.4m | $93.3m | — | |
| Net decrease in cash and cash equivalents and restricted cash | ($146.6m) | $369.5m | ($140.6m) | ($74.4m) | ($39.9m) | ($124.1m) | — | |
| Additional Supplementary Disclosures | ||||||||
| Additional Supplementary Disclosures | ||||||||
| Operating lease cost | $0 | $0 | $28.4m | $29.1m | $31.5m | $35.3m | — | |
| Non-cash restructuring charges | $0 | $0 | $13.0m | $5.3m | $701k | $861k | — | |
| Change in fair value of contingent consideration liability | — | — | — | $3.5m | $6.6m | ($974k) | — | |
| Operating lease liabilities | $0 | $0 | ($14.0m) | ($22.3m) | ($18.3m) | ($40.5m) | — | |
| Gift card and loyalty liability | ($946k) | ($498k) | $177k | $781k | $1.6m | $2.8m | — | |
| Contingent consideration liability | $0 | $4.0m | $819k | $3.5m | $6.6m | ($2.3m) | — | |
| Other non-current liabilities | $0 | $0 | ($458k) | ($533k) | ($646k) | ($27k) | — | |
| Purchase of intangible assets | ($8.7m) | ($8.3m) | ($5.4m) | ($6.1m) | ($7.7m) | ($7.8m) | — | |
| Security and landlord deposits | $30k | $253k | $242k | $122k | ($13k) | $54k | — | |
| Proceeds from stock option exercise | $2.1m | $26.0m | $4.8m | $5.4m | $12.8m | $3.1m | $500k | |
| Payment of contingent consideration | — | $0 | $0 | ($10.4m) | ($3.9m) | $0 | — | |
| Payment associated to shares repurchased for tax withholding | — | $0 | $0 | ($166k) | ($2k) | ($259k) | — | |
| Cash paid for interest | $383k | $0 | $0 | $50k | $184k | $19k | — | |
| Stock Issued | — | — | $0 | $0 | $2.1m | $0 | — |