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Sweetgreen, Inc. 10-Q Filings

SG NYSE

Every 10-Q that Sweetgreen, Inc. (SG) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A 10-Q covers the quarterly report filed between annual reports, so if you follow SG and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SG filings page.

Rhea-AI Summary

Sweetgreen reported Q2 2026 revenue of $192,662 (dollar amounts in thousands), up modestly year over year, but still generated a Q2 net loss of $26,270 and a loss from operations of $27,410. For the first half of 2026, revenue was $354,183 and the business remained operationally unprofitable, with a $61,756 loss from operations. However, a $160.6 million gain on the sale of the Spyce automation business to Wonder Group drove $99,539 net income and diluted EPS of $0.82, compared with a loss a year earlier.

Underlying restaurant trends were weaker: Average Unit Volume declined from 2,831 to 2,516 (dollar amounts in thousands), and same-store sales fell 6.2% in Q2 and 9.3% in the first half, reflecting lower traffic and a softer product mix. Restaurant-level costs rose as a share of revenue, while general and administrative expense fell. As of June 28, 2026 Sweetgreen operated 287 restaurants, including 35 using Infinite Kitchen technology, with Total Digital Revenue at 66.7% of sales. Cash and cash equivalents increased to $142,631, and the company recorded an $86,429 equity investment in Wonder. Management also notes that a July 2026 cyclosporiasis outbreak and an August jalapeño recall have already reduced traffic and sales early in Q3.

Rhea-AI Summary

Sweetgreen reported quarterly net income of $125.8 million, largely driven by a $160.6 million gain on the sale of its Spyce Infinite Kitchen business to Wonder. Core operations remained pressured, with revenue of $161.5 million, down 2.9% year over year, and an operating loss of $34.3 million.

Same-store sales fell 12.8% as traffic declined 11.2% and mix softened amid higher promotions and the shift to the SG Rewards program. Average unit volume slipped to $2.57 million, while restaurant-level costs rose as a percentage of sales due to inflation and deleverage. The company ended the quarter with 285 restaurants, 4 net new openings, and cash and cash equivalents of $156.8 million, bolstered by $100 million in Spyce sale cash proceeds and an $86.4 million equity stake in Wonder. Digital channels remained strong, contributing 67.2% of revenue, with owned digital at 38.9%.

Rhea-AI Summary

Sweetgreen (SG) filed its Q3 2025 report, showing essentially flat revenue and a wider loss while highlighting a pending sale of its automation unit. Revenue was $172.4 million versus $173.4 million a year ago, as higher food, labor and other operating costs offset sales. Net loss was $36.1 million compared with $20.8 million, driven by operating expense and non-cash impairment and closure costs of $4.6 million in the quarter.

Cash and cash equivalents were $129.97 million, down from $214.79 million at year-end, with net cash used in operating activities of $4.0 million year-to-date versus $37.3 million provided in the prior-year period. The company operated 266 restaurants as of September 28, 2025, with 20 net new openings year-to-date.

Subsequent event: on November 5, 2025, Sweetgreen agreed to sell Spyce Food Co. and related Infinite Kitchen assets to Wonder Group for total consideration of $186.4 million ($100 million cash and Series C preferred stock valued at $86.4 million), with closing expected in late 2025 or early 2026. Sweetgreen plans to continue deploying Infinite Kitchen units under supply and license agreements with Wonder.