CAVA Group, Inc. income statement
In fiscal 2025, CAVA Group, Inc. reported revenue of $1.18bn, up 22.4% on the year before, operating income of $55.3m (a 4.7% margin) and net income of $63.7m, or $0.54 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJul 2026 |
|---|---|---|---|---|---|---|
| Revenue | 500 | 564 | 729 | 964 | 1,180 | 1,374 |
| Gross profit | 82 | 98 | 180 | — | — | — |
| Selling, general and administrative | 65 | 70 | 101 | 121 | 137 | 155 |
| Operating income | −53 | −60 | 5 | 43 | 55 | 72 |
| Net interest income | −5 | −0 | 9 | — | — | — |
| Income before tax | −37 | −59 | 14 | 60 | 71 | 87 |
| Income tax | 0 | 0 | 1 | −70 | 7 | 21 |
| Net income | −37 | −59 | 13 | 130 | 64 | 66 |
| Diluted EPS | −$51.06 | −$44.41 | $0.21 | $1.10 | $0.54 | $0.56 |
| Diluted shares (average) | — | 1m | 63m | 118m | 118m | 118m |
| EBITDA | −8 | −17 | 52 | 103 | 129 | 155 |
| Quarter | 2024 Q3Oct 2024 | 2024 Q4Dec 2024 | 2025 Q1Apr 2025 | 2025 Q2Jul 2025 | 2025 Q3Oct 2025 | 2025 Q4Dec 2025 | 2026 Q1Apr 2026 | 2026 Q2Jul 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 244 | 227 | 332 | 281 | 292 | 275 | 438 | 368 |
| Gross profit | 63 | — | — | — | — | — | — | — |
| Selling, general and administrative | 30 | 29 | 41 | 32 | 31 | 33 | 52 | 40 |
| Operating income | 14 | 4 | 16 | 20 | 17 | 3 | 25 | 27 |
| Income before tax | 18 | 8 | 20 | 24 | 21 | 6 | 30 | 31 |
| Income tax | −0 | −71 | −5 | 5 | 6 | 1 | 6 | 8 |
| Net income | 18 | 79 | 26 | 18 | 15 | 5 | 24 | 23 |
| Diluted EPS | $0.15 | $0.66 | $0.22 | $0.16 | $0.12 | $0.04 | $0.20 | $0.19 |
| EBITDA | 28 | 19 | 37 | 36 | 35 | 21 | 51 | 48 |
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