Short answer
Sweetgreen, Inc. (SG) filed its Q3 2025 10-Q quarterly report on Nov 7, 2025 for the quarter ended Sep 28, 2025. Quarterly revenue was $172M (down 0.6% year over year) with net income of −$36M.
Q3 2025 key financials · XBRL
- Revenue
- $172M
- −0.6% YoY · −7.1% QoQ
- Net income
- −$36M
- −73.6% YoY · −56.1% QoQ
- Operating margin
- -21.0%
- EPS (diluted)
- −$0.31
- −72.2% YoY · −55.0% QoQ
Source: XBRL data from the Sweetgreen, Inc. (SG) Q3 2025 10-Q on SEC EDGAR. USD.
Sweetgreen, Inc. Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Loss from operations $36.3M, margin (21.0%) vs (12.2%) YoY
- Restaurant-level profit $22.5M, margin 13.1% vs 20.1% YoY
- Adjusted EBITDA $(4.4)M, margin (2.5%) vs 3.9% YoY
- Same-store sales (9.5%) vs 5.6% YoY, with consumer spending weakness and approximately 50-basis-point tariff impact
Risk Factors
- Newly added transaction risk: Spyce Sale introduced November 5, 2025, with $100 million cash and $86.4 million implied equity consideration
- Most material update: Sale failure could eliminate anticipated reduced operating costs and strengthened balance sheet while leaving advisory fees incurred
- Regulatory risk: Hart-Scott-Rodino waiting-period clearance required before closing, with potential government-imposed conditions
- Operational risk: Supply Agreement dependence on Wonder for Infinite Kitchen units, commissioning, support, and maintenance
- Transaction-timing risk: Either party may terminate if closing conditions remain unmet 180 days after agreement date
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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