Sweetgreen, Inc.

For the period ended Mar 30, 2025. Filed May 8, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 30, 2025 · Filed May 8, 2025

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

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Contents

Condensed Consolidated Statements of Balance Sheets

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands, except share and per share amounts)

	As of March 30, 2025	As of December 29,2024
ASSETS
Current assets:
Cash and cash equivalents	$183,893	$214,789
Accounts receivable	7,912	5,034
Inventory	2,119	1,987
Prepaid expenses	7,293	7,844
Current portion of lease acquisition costs	93	93
Other current assets	4,856	4,790
Total current assets	206,166	234,537
Operating lease assets	262,357	257,496
Property and equipment, net	298,234	296,485
Goodwill	35,970	35,970
Intangible assets, net	23,652	24,040
Security deposits	1,319	1,419
Lease acquisition costs, net	310	333
Restricted cash	2,703	2,640
Other assets	3,609	3,838
Total assets	$834,320	$856,758
LIABILITIES, AND STOCKHOLDERS’ EQUITY
Current liabilities:
Current portion of operating lease liabilities	$37,703	$41,773
Accounts payable	18,365	18,698
Accrued expenses	25,998	26,564
Accrued payroll	9,194	14,716
Gift cards and loyalty liability	4,704	4,413
Other current liabilities	8,858	9,663
Total current liabilities	104,822	115,827
Operating lease liabilities, net of current portion	291,695	288,941
Contingent consideration liability	4,431	5,311
Other non-current liabilities	167	173
Deferred income tax liabilities	451	361
Total liabilities	$401,566	$410,613
COMMITMENTS AND CONTINGENCIES (Note 14)
Stockholders’ equity:
Common stock, $0.001 par value per share, 2,000,000,000 Class A shares authorized, 105,764,926 and 105,200,553 Class A shares issued and outstanding as of March 30, 2025 and December 29, 2024, respectively; 300,000,000 Class B shares authorized, 11,893,558 and 11,915,758 Class B shares issued and outstanding as of March 30, 2025 and December 29, 2024, respectively	118	117
Additional paid-in capital	1,333,033	1,321,386
Accumulated deficit	(900,397)	(875,358)
Total stockholders’ equity	432,754	446,145
Total liabilities and stockholders’ equity	$834,320	$856,758

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.