Sweetgreen Inc

For the period ended Dec 31, 2023. Filed Feb 29, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 29, 2024

SG$13.36+11.2%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Balance Sheets as of and

(in thousands, except share and per share amounts)

	December 31,2023	December 25,2022
ASSETS
Current assets:
Cash and cash equivalents	$257,230	$331,614
Accounts receivable	3,502	3,244
Inventory	2,069	1,383
Prepaid expenses	5,767	8,161
Current portion of lease acquisition costs	93	93
Other current assets	7,450	1,654
Total current assets	276,111	346,149
Operating lease assets	243,992	254,059
Property and equipment, net	266,902	235,257
Goodwill	35,970	35,970
Intangible assets, net	27,407	30,562
Security deposits	1,406	1,528
Lease acquisition costs, net	426	518
Restricted cash	125	125
Other assets	4,218	4,767
Total assets	$856,557	$908,935
LIABILITIES AND STOCKHOLDERS’ (DEFICIT) EQUITY
Current liabilities:
Current portion of operating lease liabilities	31,426	29,642
Accounts payable	17,380	12,242
Accrued expenses	20,845	22,069
Accrued payroll	13,131	6,580
Gift cards and loyalty liability	2,797	2,016
Other current liabilities	6,000	—
Total current liabilities	91,579	72,549
Operating lease liabilities, net of current portion	271,439	271,097
Contingent consideration liability	8,350	21,296
Other non-current liabilities	819	1,353
Deferred income tax liabilities	1,773	1,414
Total liabilities	$373,960	$367,709
COMMITMENTS AND CONTINGENCIES (Note 16)
Stockholders’ (deficit) equity:
Common stock, $0.001 par value, 2,000,000,000 Class A shares authorized, 99,700,052 and 97,656,690 Class A shares issued and outstanding as of December 31, 2023 and December 25, 2022, respectively; 300,000,000 Class B shares authorized and 12,939,094 and 13,476,303 Class B shares issued and outstanding as of December 31, 2023 and December 25, 2022, respectively.	113	111
Additional paid-in capital	1,267,469	1,212,716
Accumulated deficit	(784,985)	(671,601)
Total stockholders’ (deficit) equity	482,597	541,226
Total liabilities and stockholders’ (deficit) equity	$856,557	$908,935

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.