Sweetgreen, Inc.
For the period ended Sep 28, 2025. Filed Nov 7, 2025.
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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.
Sep 28, 2025 · Filed Nov 7, 2025
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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Condensed Consolidated Statements of Balance Sheets
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands, except share and per share amounts)
| As of September 28, 2025 | As of December 29,2024 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $129,972 | $214,789 |
| Accounts receivable | 6,805 | 5,034 |
| Inventory | 2,435 | 1,987 |
| Prepaid expenses | 7,030 | 7,844 |
| Current portion of lease acquisition costs | 93 | 93 |
| Other current assets | 3,348 | 4,790 |
| Total current assets | 149,683 | 234,537 |
| Operating lease assets | 286,871 | 257,496 |
| Property and equipment, net | 321,436 | 296,485 |
| Goodwill | 35,970 | 35,970 |
| Intangible assets, net | 21,594 | 24,040 |
| Security deposits | 1,348 | 1,419 |
| Lease acquisition costs, net | 264 | 333 |
| Restricted cash | 4,135 | 2,640 |
| Other assets | 3,469 | 3,838 |
| Total assets | $824,770 | $856,758 |
| LIABILITIES, AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Current portion of operating lease liabilities | $41,671 | $41,773 |
| Accounts payable | 19,018 | 18,698 |
| Accrued expenses | 33,256 | 26,564 |
| Accrued payroll | 8,198 | 14,716 |
| Gift cards and loyalty liability | 7,864 | 4,413 |
| Other current liabilities | 5,942 | 9,663 |
| Total current liabilities | 115,949 | 115,827 |
| Operating lease liabilities, net of current portion | 314,737 | 288,941 |
| Contingent consideration liability | — | 5,311 |
| Other non-current liabilities | 157 | 173 |
| Deferred income tax liabilities | 631 | 361 |
| Total liabilities | $431,474 | $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, 106,475,483 and 105,200,553 Class A shares issued and outstanding as of September 28, 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 September 28, 2025 and December 29, 2024, respectively | 118 | 117 |
| Additional paid-in capital | 1,352,879 | 1,321,386 |
| Accumulated deficit | (959,701) | (875,358) |
| Total stockholders’ equity | 393,296 | 446,145 |
| Total liabilities and stockholders’ equity | $824,770 | $856,758 |
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