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Sweetgreen, Inc. (SG) stock

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NYSE: SG NYSE Restaurants Next results ~November 5, 2026

D Fundamentals grade

Sweetgreen, Inc. is a US-listed company in the restaurants industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$4.1

Forward price-to-sales vs peers

Base case. Range ~$3.2–$15. Next year's consensus sales per share times peers' typical forward price-to-sales; only when earnings are negative.

Price vs value

No Buy/Hold/Sell rating is issued: valued with our growth model, which doesn't carry a Buy/Hold/Sell rating yet.

Sweetgreen, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders2 buying, 2 selling4 purchases and 6 sales by directors and officers, last 12 monthsInsider trades
  • Funds127 adding, 86 cuttingOf 35 active managers that changed their stake, 18 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Sweetgreen files

Where Sweetgreen stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $682m, down 0.6% on a year earlier, a smaller fall than the 1.5% decline a quarter earlier. Free-cash-flow margin fell to -18.1% from -12.0% a year earlier. Operating margin narrowed to -21.4% from -15.7%. The diluted share count is up 2.1% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 1 of our 3 financial-health checks. Our revenue-to-maturity cash-flow model value is $0.70 a share, against a share price of $11.61.

Source: 10-Q filed August 7, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 5, 2026 (estimated)

Sweetgreen, Inc.'s trailing-twelve-month revenue fell 0.6% year on year, with a free-cash-flow margin of -18.1%. Where it stands out: days sales outstanding of 3 days ranks 1 of 25 restaurants companies we cover. Where it lags: free-cash-flow margin of -18.1% ranks 44 of 44 restaurants companies we cover.

Current signal Net margin expanding: TTM net margin reached 2.0%, up 16.3pp year over year.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Net cash. Cash exceeds long-term debt by $0.1bn.

Things to watch

  • Results due soon. Results are expected around 5 November; the share price can move sharply on the day.
  • Revenue shrinking. Revenue fell 0.6% over the last 12 months.
  • Loss-making. Operating margin is -21.4%: costs exceed revenue.
  • Margins narrowing. Operating margin is down 5.8 points on a year ago.
  • Burning cash. Free cash flow was -18.1% of revenue over the last 12 months.
  • Share dilution. Diluted shares rose 2.1% in a year.

Latest results: FY2026 Q2

Filed August 7, 2026
Earnings per share
-$0.15 against an average estimate of -$0.12: missed by 24.7%
Revenue
$193m, up 3.8% on a year earlier
Share reaction
-11.5% in the first session after the results on August 6, 2026, against +0.5% for the S&P 500
Next report
November 5, 2026; average EPS estimate -$0.25

Sweetgreen's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+3.6%
  • 1 week+16.1%
  • 1 month+26.0%
  • This year+69.7%
  • 1 year+82.4%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$682M
Operating margin
-21.4%
Net margin
2.0%
EPS (TTM, diluted)
$0.11

Growth

Revenue growth
−0.6%
Change in growth rate
+0.9 pts
Share count change
+2.1%

Cash

Free cash flow (TTM)
-$124M
FCF margin
-18.1%
Stock pay % of revenue
4.3%

Earnings

Last results
August 6, 2026
Next results (est.)
November 5, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Leadership
  2. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Sweetgreen, Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: valued with our growth model, which doesn't carry a Buy/Hold/Sell rating yet.

Valuation models

We value Sweetgreen, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 10.2%: the 10-year Treasury yield (4.9%) plus a beta of 1.17 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$2.3 ~$1.3–$3.0 Left out: out of range vs price (0.20x)
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. ~$2.1 ~$1.9–$3.7 Left out: out of range vs price (0.18x)
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: the model gives no positive value
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity is not positive
Forward price-to-sales vs peers Next year's consensus sales per share times peers' typical forward price-to-sales; only when earnings are negative. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$4.1 ~$3.2–$15 Included, half weight
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. ~$0.7 ~$0.7–$1.0 Left out: out of range vs price (0.06x)
Combined value Weighted average of the models that apply: the primary model (growth cash-flow model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$4.1 ~$3.2–$15 1 model

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Sweetgreen, Inc. with Restaurants in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20212022202320242025Now
Share price$31.36$8.83$11.30$32.37$6.97$11.47
Market value$3.5bn$972m$1.3bn$3.7bn$822m$1.4bn
+ Net debt (− = net cash)−$472m−$332m−$257m−$215m−$89m−$143m
Enterprise value$3.0bn$641m$1.0bn$3.5bn$733m$1.2bn
Multiples
Price / sales 10.3x2.1x2.2x5.5x1.2x2.0x
Price / earnings —————99.8x
Price / free cash flow ——————
EV / EBITDA ——————

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

17 /100

Weak moat

How hard Sweetgreen's competitive advantage looks for rivals to wear away, judged from 5 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Net income has been a median -11.8% of total assets over 5 years.

  • Durability 10 / 20

    Operating margin has been a median -21.4%; its worst year was -41.2%.

  • Cash conversion 0 / 20

    Free cash flow was positive in 0 of 5 years, at a median -18.1% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 5, 2026, after the close. Analysts expect revenue of $170m and EPS of −$0.25 (range −$0.31 to −$0.20) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current −$0.18 +72% $686m +1%
Next −$0.69 −278% $742m +8%

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +100.3% on 90 days ago. In the last 30 days, 3 analysts raised Sweetgreen, Inc.'s forecast and 0 cut it.

Consensus EPS forecast Sweetgreen, Inc., last 90 days
−$0.80 −$0.60 −$0.40 −$0.20 $0.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: −$0.09 Current fiscal year, 60 days ago: −$0.26 Current fiscal year, 30 days ago: −$0.19 Current fiscal year, 7 days ago: −$0.18 Current fiscal year, Now: −$0.18 −$0.18 Next fiscal year, 90 days ago: −$0.56 Next fiscal year, 60 days ago: −$0.70 Next fiscal year, 30 days ago: −$0.70 Next fiscal year, 7 days ago: −$0.69 Next fiscal year, Now: −$0.69 −$0.69

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago −$0.09−$0.56
60 days ago −$0.26−$0.70
30 days ago −$0.19−$0.70
7 days ago −$0.18−$0.69
Now −$0.18−$0.69

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 −$0.12 −$0.15 −24.7%
Mar 2026 −$0.18 −$0.21 −18.6%
Dec 2025 −$0.25 −$0.25 −2.1%
Sept 2025 −$0.10 −$0.18 −71.2%

Adjusted EPS as companies report it, against the average analyst estimate.

Analyst recommendations

14 analysts, Oct 2026
Buy643%
Hold750%
Sell17%

Monthly trend

  1. Oct 2026247114
  2. Sep 2026247114
  3. Aug 2026221015
  4. Jul 2026221015

Counts of recommendations published by analysts covering Sweetgreen, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
25.8%
of tradable shares
Days to cover
4.77
at average volume
Short interest, 1 month
−5%
to October 15, 2026
Held by institutions
100%
of shares
Held by insiders
3.4%
of shares
Employees
6,486
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

What moved the share price

Last 12 months +82.4%

$6.29 on October 31, 2025 to $11.47

ThenNowEffect
Revenue (last 12 months) $686m $682m −0.6%
P/S multiple 1.1x 2.0x +87.4%
Share count 117m 119m −2.0%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

Last 3 years +17.9%

$9.73 on November 3, 2023 to $11.47

ThenNowEffect
Revenue (last 12 months) $520m $682m +31.1%
P/S multiple 2.1x 2.0x −3.7%
Share count 111m 119m −6.6%

Biggest factor: revenue. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 20222023202420252026 to date
Return
SG−73%+32%+184%−79%+70%
Industry peers (median)−15%+15%−1%−8%+2%
S&P 500−18%+26%+25%+18%+11%
Months that ended higher
SG42%50%58%42%55%
S&P 50042%67%75%75%46%
Largest fall from a high during the year
SG−79%−46%−32%−85%−47%
S&P 500−25%−10%−8%−19%−9%

Worst fall since November 18, 2021: 91% from November 19, 2021 to March 27, 2026. Getting back needed a 1028% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$4.70 – $11.47
From 52-week high
0.0%
vs 50-day average
+34.3%
vs 200-day average
+59.0%
Volatility (1 year)
75%
Beta vs S&P 500
1.04

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
5 up, 7 down
typical move ±15.3%
After a week
5 up, 7 down
typical move ±18.0%
After a month
7 up, 5 down
typical move ±23.8%
Results releasedNext dayS&P 500 next day5 days21 days
August 6, 2026 −11.5% +0.5% −0.7% +12.1%
May 7, 2026 +1.9% +0.5% +0.3% +9.3%
February 26, 2026 −5.3% −1.0% −1.9% −19.8%
November 6, 2025 −10.7% −1.0% −8.2% +0.6%
August 7, 2025 −20.9% +0.7% −25.7% −33.4%
May 8, 2025 −14.9% +0.6% −14.9% −21.7%
February 26, 2025 +3.3% −1.5% +2.7% +18.4%
November 7, 2024 −4.7% +1.2% −19.2% −9.5%
August 8, 2024 +35.6% +2.8% +42.4% +11.0%
May 9, 2024 +35.7% +0.7% +36.7% +40.2%
February 29, 2024 +31.9% +1.3% +49.4% +104.5%
November 2, 2023 −6.8% +2.8% −13.9% −4.6%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Sweetgreen, Inc. in five measures

Fundamentals grade D
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Sweetgreen, Inc.
$500M $550M $600M $650M $700M FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $549.6M Revenue (TTM), FY23 Q4: $584M Revenue (TTM), FY24 Q1: $616.8M Revenue (TTM), FY24 Q2: $648.9M Revenue (TTM), FY24 Q3: $668.9M Revenue (TTM), FY24 Q4: $676.8M Revenue (TTM), FY25 Q1: $685.3M Revenue (TTM), FY25 Q2: $686.2M Revenue (TTM), FY25 Q3: $685.2M Revenue (TTM), FY25 Q4: $679.5M Revenue (TTM), FY26 Q1: $674.7M Revenue (TTM), FY26 Q2: $681.8M $681.8M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $549.6M
FY23 Q4 $584M
FY24 Q1 $616.8M
FY24 Q2 $648.9M
FY24 Q3 $668.9M
FY24 Q4 $676.8M
FY25 Q1 $685.3M
FY25 Q2 $686.2M
FY25 Q3 $685.2M
FY25 Q4 $679.5M
FY26 Q1 $674.7M
FY26 Q2 $681.8M
Revenue growth, TTM YoY Sweetgreen, Inc.
-10% 0% 10% 20% 30% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: 22.7% Revenue growth, TTM YoY, FY23 Q4: 24.2% Revenue growth, TTM YoY, FY24 Q1: 25.2% Revenue growth, TTM YoY, FY24 Q2: 24.8% Revenue growth, TTM YoY, FY24 Q3: 21.7% Revenue growth, TTM YoY, FY24 Q4: 15.9% Revenue growth, TTM YoY, FY25 Q1: 11.1% Revenue growth, TTM YoY, FY25 Q2: 5.7% Revenue growth, TTM YoY, FY25 Q3: 2.4% Revenue growth, TTM YoY, FY25 Q4: 0.4% Revenue growth, TTM YoY, FY26 Q1: -1.5% Revenue growth, TTM YoY, FY26 Q2: -0.6% -0.6%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 22.7%
FY23 Q4 24.2%
FY24 Q1 25.2%
FY24 Q2 24.8%
FY24 Q3 21.7%
FY24 Q4 15.9%
FY25 Q1 11.1%
FY25 Q2 5.7%
FY25 Q3 2.4%
FY25 Q4 0.4%
FY26 Q1 -1.5%
FY26 Q2 -0.6%
Operating margin (TTM) Sweetgreen, Inc.
-30% -20% -10% 0% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: -25.6% Operating margin (TTM), FY23 Q4: -20.9% Operating margin (TTM), FY24 Q1: -18.5% Operating margin (TTM), FY24 Q2: -15.2% Operating margin (TTM), FY24 Q3: -14.0% Operating margin (TTM), FY24 Q4: -14.1% Operating margin (TTM), FY25 Q1: -14.2% Operating margin (TTM), FY25 Q2: -15.7% Operating margin (TTM), FY25 Q3: -17.9% Operating margin (TTM), FY25 Q4: -20.5% Operating margin (TTM), FY26 Q1: -21.5% Operating margin (TTM), FY26 Q2: -21.4% -21.4%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 -25.6%
FY23 Q4 -20.9%
FY24 Q1 -18.5%
FY24 Q2 -15.2%
FY24 Q3 -14.0%
FY24 Q4 -14.1%
FY25 Q1 -14.2%
FY25 Q2 -15.7%
FY25 Q3 -17.9%
FY25 Q4 -20.5%
FY26 Q1 -21.5%
FY26 Q2 -21.4%
FCF margin (TTM) Sweetgreen, Inc.
-30% -20% -10% 0% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: -20.4% FCF margin (TTM), FY23 Q4: -11.9% FCF margin (TTM), FY24 Q1: -7.4% FCF margin (TTM), FY24 Q2: -4.5% FCF margin (TTM), FY24 Q3: -5.0% FCF margin (TTM), FY24 Q4: -7.2% FCF margin (TTM), FY25 Q1: -10.2% FCF margin (TTM), FY25 Q2: -12.0% FCF margin (TTM), FY25 Q3: -15.9% FCF margin (TTM), FY25 Q4: -18.7% FCF margin (TTM), FY26 Q1: -18.8% FCF margin (TTM), FY26 Q2: -18.1% -18.1%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 -20.4%
FY23 Q4 -11.9%
FY24 Q1 -7.4%
FY24 Q2 -4.5%
FY24 Q3 -5.0%
FY24 Q4 -7.2%
FY25 Q1 -10.2%
FY25 Q2 -12.0%
FY25 Q3 -15.9%
FY25 Q4 -18.7%
FY26 Q1 -18.8%
FY26 Q2 -18.1%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 221 340 470 584 677 679 682
EBITDA −115 −99 −147 −63 −28 −68 −72
Operating income −142 −134 −193 −122 −96 −139 −146
Net income −141 −153 −190 −113 −90 −134 14
Diluted EPS −$2.20 −$1.38 −$1.73 −$1.01 −$0.79 −$1.14 $0.11
Growth (year on year)
Revenue — +54.1% +38.3% +24.2% +15.9% +0.4% −0.6%
Margins
EBITDA margin −52.0% −29.1% −31.2% −10.8% −4.2% −10.0% −10.6%
Operating margin −64.2% −39.5% −41.1% −20.9% −14.1% −20.5% −21.4%
Net margin −64.0% −45.1% −40.5% −19.4% −13.4% −19.7% 2.0%
Free-cash-flow margin −62.8% −43.9% −29.8% −10.8% −6.1% −17.5% −17.1%
Cash flow
Cash from operations −90 −65 −43 26 43 −13 −28
Capital spending 48 85 97 90 84 106 89
Free cash flow −138 −149 −140 −63 −41 −119 −116
Stock-based pay 5 29 79 50 39 36 29
Free cash flow after stock pay −143 −178 −219 −113 −80 −156 −146
Balance sheet
Cash 103 472 332 257 215 89 143
Total debt 0 0 0 0 0 0 0
Net debt (negative = net cash) −103 −472 −332 −257 −215 −89 −143
Diluted shares 64m 111m 110m 112m 114m 118m 119m

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

1 of 3 checks passed · June 28, 2026
What it owns · $896m
Short-term assets $164mLonger-term assets $732m
What it owes, and who funded it · $896m
Short-term liabilities $114mLonger-term liabilities $314mShareholders' equity $468m
  • Short-term assets cover short-term liabilities $164m of assets due within a year against $114m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $164m short-term assets against $314m of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Operating income of −$146m against $104,000 of interest.

From Sweetgreen, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Diluted share count
+2.1%
year over year
Days sales outstanding
3 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in restaurants
Last 12 months unless stated SG WING PTLO STKS LOCO NDLS Median
Revenue, last 12 months $682m $730m $749m $801m $501m $496m $1.4bn
Revenue growth, last 12 months −0.6% 6.9% 2.9% −4.1% 4.4% 0.2% 4.6%
Revenue growth, 3-year average 9.4% 18.6% 6.1% 34.7% 2.0% −1.4% 5.1%
Revenue growth, latest quarter 3.8% 5.3% 5.6% −3.3% 3.0% 0.5% 4.5%
Operating margin −21.4% 27.7% 4.5% 2.1% 10.5% −2.6% 4.9%
Operating margin, 3-year average −17.4% 26.4% 6.9% 1.8% 9.3% −4.3% 6.9%
Net margin 2.0% 16.0% 1.9% −10.2% 7.0% −4.7% 2.5%
Cash from operations / revenue −4.1% 25.6% 10.5% 6.5% 14.8% 2.7% 11.9%
Free-cash-flow margin −18.1% 16.0% −1.2% 0.4% 8.2% 0.8% 3.4%
Free-cash-flow margin, 3-year average −11.6% 16.2% −0.7% −3.8% 5.9% −2.1% 2.8%
Stock pay / revenue 4.3% 2.7% 1.0% 0.6% 1.1% 0.7% 0.8%
Change in share count 2.1% −3.5% 9.8% −0.7% 1.1% −0.4% 0.2%

Median of all 44 companies we cover in restaurants. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

44 restaurants companies
Measure Company Peer median Rank
Revenue growth Growth -0.6% 4.7% 33 of 44
Change in growth rate Growth +0.9pp +0.3pp 14 of 44
Operating margin Profitability -21.4% 5.2% 40 of 42
Net margin Profitability 2.0% 2.6% 24 of 44
Free-cash-flow margin Cash generation -18.1% 3.6% 44 of 44
Stock pay as % of revenue Cash generation 4.3% 0.8% 37 of 40
Change in share count Balance sheet 2.1% 0.3% 33 of 42
Days sales outstanding Balance sheet 3 days 6 days 1 of 25

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Who owns it

Funds buying and selling
Reported value
$846M
Institutions reporting
232
Shares held vs prior quarter
▲ 1.5%
Positions opened / closed
40 / 34

Top buyers and sellers, Q2 2026: 127 institutions bought and 86 sold ; the biggest buyer was Point72 Asset Management, L.P (+2.1M shares) and the biggest seller Millennium Management LLC (−2.5M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Baillie Gifford & Co $89.5M 10.2M 10.6% ▼ 1.5%
Blackrock, Inc. $73.3M 8.3M 8.7% ▲ 8.0%
Woodson Capital Management, LP $46.7M 5.3M 5.5% ▼ 20.9%
Greenhouse Funds LLLP $44.6M 5.1M 5.3% ▲ 0.3%
Vanguard Capital Management LLC $38.7M 4.4M 4.6% ▲ 1.8%
Goldman Sachs Group Inc $30.5M 3.5M 3.6% ▼ 12.7%
FMR LLC $29.8M 3.4M 3.5% ▲ 11.4%
Point72 Asset Management, L.P. $29M 3.3M 3.4% ▲ 165.4%
Federated Hermes, Inc. $25.3M 2.9M 3.0% ▼ 26.7%
Neuberger Berman Group LLC $25.2M 2.9M 3.0% ▼ 42.8%
Vanguard Portfolio Management LLC $25.1M 2.8M 3.0% ▲ 4.0%
Geode Capital Management, LLC $23.8M 2.7M 2.8% ▲ 8.2%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Sweetgreen, Inc.'s complete shareholder register. Values are as reported by the filers ; 1 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $1.1M 4 trades by 2 insiders, last 12 months Insider sales History → $385,942 6 trades by 2 insiders · 0% under pre-set plans
Net ▲ $738,834 net buying
Insider Date Trade Shares Price Value
Cochran Jason Miles Chief Operating Officer August 17, 2026 Sell 4,809 $6.21 $29,864
Mcconnell Jamie Chief Financial Officer August 17, 2026 Sell 15,033 $6.21 $93,355
Cochran Jason Miles Chief Operating Officer May 18, 2026 Sell 15,038 $7.99 $120,154
Mcconnell Jamie Chief Financial Officer May 18, 2026 Sell 1,401 $8.00 $11,208
Mcconnell Jamie Chief Financial Officer May 18, 2026 Sell 1,401 $8.00 $11,208
Cochran Jason Miles Chief Operating Officer May 18, 2026 Sell 15,038 $7.99 $120,154
Jammet Nicolas Chief Concept Officer March 5, 2026 Buy 4,428 $5.71 $25,284
Neman Jonathan CHIEF EXECUTIVE OFFICER November 12, 2025 Buy 179,800 $5.56 $999,688
Jammet Nicolas Chief Concept Officer November 12, 2025 Buy 9,140 $5.45 $49,813
Jammet Nicolas Chief Concept Officer November 12, 2025 Buy 8,975 $5.57 $49,991

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around November 5, 2026 estimated from the company's past filing pattern, not announced

  • August 6, 2026
  • May 7, 2026
  • February 26, 2026
  • November 6, 2025
  • August 7, 2025
  • May 8, 2025

Recent SEC filings

Data status

When each part of this page on Sweetgreen, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Sweetgreen, Inc. in brief

What does Sweetgreen, Inc. do?
Sweetgreen, Inc. is a US-listed company in the restaurants industry. Its financial year ends in December.
What is Sweetgreen, Inc.'s stock ticker?
Sweetgreen, Inc. trades under the ticker SG on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Sweetgreen, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Sweetgreen, Inc. reported revenue of $682M, 0.6% lower than a year earlier, according to its SEC filings.
What is Sweetgreen, Inc.'s free cash flow?
Sweetgreen, Inc.'s free-cash-flow margin is -18.1% of revenue over the trailing twelve months, ranking 44 of the 44 restaurants companies we cover.
Who are Sweetgreen, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Baillie Gifford & Co, Blackrock, Inc. and Woodson Capital Management, LP. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Sweetgreen, Inc.'s market cap?
On November 2, 2026, Sweetgreen, Inc.'s market capitalisation was about $1.4B, with a price-to-earnings ratio of 99.8 and net debt of -$143M. Market figures come from third-party market data and may be delayed.
Who are Sweetgreen, Inc.'s competitors?
In our Restaurants peer group, the companies closest to Sweetgreen, Inc. are Wingstop Inc., Portillo's Inc., ONE Group Hospitality, Inc., El Pollo Loco Holdings, Inc. and Noodles & Co. The side-by-side comparison below sets their revenue, margins and growth against Sweetgreen, Inc.'s.
Are insiders buying or selling Sweetgreen, Inc. stock?
Over the last 12 months, Sweetgreen, Inc.'s directors and officers reported 4 open-market purchases and 6 sales on Form 4. The insider trading page charts every trade.
When is Sweetgreen, Inc.'s next earnings date?
Around November 5, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Sweetgreen, Inc. announces its own schedule.