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Sweetgreen, Inc. (SG) Fundamental Analysis & AI Grade 2026

SG NYSE Retail-Eating Places DE CIK: 0001477815
Updated This Month • Analysis: May 9, 2026 • SEC Data: 2026-03-29
Combined AI Grade
C
78% Confidence
N/A
C
78% Conf
Pending
Analysis scheduled

📊 SG Key Takeaways

Revenue: $161.5M
Net Margin: 77.9%
Free Cash Flow: $-29.6M
Current Ratio: 1.61x
Debt/Equity: 0.00x
EPS: $1.05
AI Grade: C with 78% confidence
Sweetgreen, Inc. (SG) receives a C fundamental grade with 78% confidence from our AI analysis based on SEC 10-K filings. With revenue of $161.5M, net profit margin of 77.9%, and return on equity (ROE) of 25.7%, Sweetgreen, Inc. demonstrates mixed fundamentals in the Consumer sector. Below is our complete SG stock analysis for 2026.

Is Sweetgreen, Inc. (SG) a Good Investment?

Claude

Sweetgreen faces fundamental operational distress with negative operating margins (-21.3%) and negative free cash flow (-$29.6M) despite minimal revenue growth (0.4% YoY), indicating the core restaurant business is unprofitable and burning cash. While the balance sheet offers a financial cushion ($156.8M cash, zero long-term debt), this masks deteriorating fundamentals requiring urgent operational improvement; the anomalous 77.9% net margin is driven by one-time gains rather than sustainable business performance.

Sweetgreen, Inc. Key Strengths (SG)

Claude
  • + Strong cash position of $156.8M provides runway for operational turnaround
  • + Zero long-term debt with Debt/Equity of 0.00x eliminates financial distress risk
  • + Adequate liquidity ratios (Current 1.61x, Quick 1.58x) to meet short-term obligations

SG Stock Risks: Sweetgreen, Inc. Investment Risks

Claude
  • ! Negative free cash flow of -$29.6M indicates unsustainable cash burn in core operations
  • ! Operating margin of -21.3% with negative $34.3M operating income shows unprofitable business model
  • ! Minimal revenue growth of 0.4% YoY combined with negative operating cash flow suggests structural market challenges
  • ! EPS declining 44.3% YoY despite inflated net income from one-time gains signals deteriorating per-share value

Key Metrics to Watch

Claude
  • * Operating Cash Flow trend and path to positive territory
  • * Operating margin improvement and margin expansion in restaurant segment
  • * Same-store sales growth and unit economics by location
  • * Gross profit margin recovery and pricing power

Sweetgreen, Inc. (SG) Financial Metrics & Key Ratios

Revenue
$161.5M
Net Income
$125.8M
EPS (Diluted)
$1.05
Free Cash Flow
$-29.6M
Total Assets
$912.7M
Cash Position
$156.8M

💡 AI Analyst Insight

Sweetgreen, Inc. presents a mixed fundamental picture. Review the detailed metrics above to form your own investment thesis.

SG Profit Margin, ROE & Profitability Analysis

Gross Margin N/A
Operating Margin -21.3%
Net Margin 77.9%
ROE 25.7%
ROA 13.8%
FCF Margin -18.3%

SG vs Consumer Sector: How Sweetgreen, Inc. Compares

How Sweetgreen, Inc. compares to Consumer sector averages

Net Margin
SG 77.9%
vs
Sector Avg 8.0%
SG Sector
ROE
SG 25.7%
vs
Sector Avg 18.0%
SG Sector
Current Ratio
SG 1.6x
vs
Sector Avg 1.5x
SG Sector
Debt/Equity
SG 0.0x
vs
Sector Avg 0.8x
SG Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Sweetgreen, Inc. Stock Overvalued? SG Valuation Analysis 2026

Based on fundamental analysis, Sweetgreen, Inc. appears fundamentally strong relative to the Consumer sector in 2026.

Return on Equity
25.7%
Sector avg: 18%
Net Profit Margin
77.9%
Sector avg: 8%
Revenue Growth
N/A
Year-over-year
Debt/Equity
0.00x
Sector avg: 0.8x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Sweetgreen, Inc. Balance Sheet: SG Debt, Cash & Liquidity

Current Ratio
1.61x
Quick Ratio
1.58x
Debt/Equity
0.00x
Debt/Assets
46.4%
Interest Coverage
-1,226.64x
Long-term Debt
N/A

SG Revenue & Earnings Growth: 5-Year Financial Trend

SG 5-year financial data: Year 2022: Revenue $470.1M, Net Income -$141.2M, EPS $-8.80. Year 2023: Revenue $584.0M, Net Income -$153.2M, EPS $-5.51. Year 2024: Revenue $676.8M, Net Income -$190.4M, EPS $-1.73. Year 2025: Revenue $679.5M, Net Income -$113.4M, EPS $-1.01.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Sweetgreen, Inc.'s revenue has grown significantly by 45% over the 5-year period, indicating strong business expansion. The most recent EPS of $-1.01 indicates the company is currently unprofitable.

SG Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
-18.3%
Free cash flow / Revenue

SG Quarterly Earnings & Performance

Quarterly financial performance data for Sweetgreen, Inc. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q1 2026 $161.5M -$25.0M $-0.21
Q3 2025 $172.4M -$20.8M $-0.18
Q2 2025 $184.6M -$14.5M $-0.13
Q1 2025 $157.9M -$25.0M $-0.21
Q3 2024 $153.4M -$20.8M $-0.18
Q2 2024 $152.5M -$14.5M $-0.13
Q1 2024 $125.1M -$26.1M $-0.23
Q3 2023 $124.0M -$25.1M $-0.22

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Sweetgreen, Inc. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
-$17.2M
Cash generated from operations
Capital Expenditures
$12.4M
Investment in assets
Dividends
None
No dividend program

SG SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Sweetgreen, Inc. (CIK: 0001477815)

📋 Recent SEC Filings

Date Form Document Action
May 19, 2026 4 xslF345X06/form4-05192026_050505.xml View →
May 19, 2026 4 xslF345X06/form4-05192026_050504.xml View →
May 8, 2026 10-Q sg-20260329.htm View →
May 7, 2026 8-K sg-20260507.htm View →
Apr 23, 2026 DEF 14A edge20065938x1_def14a.htm View →

Frequently Asked Questions about SG

What is the AI rating for SG?

Sweetgreen, Inc. (SG) has an AI grade of C with 78% confidence, based on fundamental analysis of SEC EDGAR filings.

What are SG's key strengths?

Claude: Strong cash position of $156.8M provides runway for operational turnaround. Zero long-term debt with Debt/Equity of 0.00x eliminates financial distress risk.

What are the risks of investing in SG?

Claude: Negative free cash flow of -$29.6M indicates unsustainable cash burn in core operations. Operating margin of -21.3% with negative $34.3M operating income shows unprofitable business model.

What is SG's revenue and growth?

Sweetgreen, Inc. reported revenue of $161.5M.

Does SG pay dividends?

Sweetgreen, Inc. does not currently pay dividends.

Where can I find SG SEC filings?

Official SEC filings for Sweetgreen, Inc. (CIK: 0001477815) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is SG's EPS?

Sweetgreen, Inc. has a diluted EPS of $1.05.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.

What is SG's fundamental grade?

Based on our AI fundamental analysis in May 2026, Sweetgreen, Inc. has a C grade with 78% confidence. Review the strengths and risks sections above for full context. This is not investment advice.

Is SG stock overvalued or undervalued?

Valuation metrics for SG: ROE of 25.7% (sector avg: 18%), net margin of 77.9% (sector avg: 8%). Higher ROE suggests strong returns relative to peers.

What is SG's AI grade for 2026?

Our dual AI analysis gives Sweetgreen, Inc. a combined C grade for 2026. Revenue is data pending, with profitability above sector average. Always conduct your own research.

What is SG's free cash flow?

Sweetgreen, Inc.'s operating cash flow is $-17.2M, with capital expenditures of $12.4M. FCF margin is -18.3%.

How does SG compare to other Consumer stocks?

Vs Consumer sector averages: Net margin 77.9% (avg: 8%), ROE 25.7% (avg: 18%), current ratio 1.61 (avg: 1.5).

Why is SG's return on equity (ROE) so high?

Sweetgreen, Inc. has a return on equity of 25.7%, significantly above the Consumer sector average of 18%. A high ROE indicates the company is efficient at generating profits from shareholder equity. This is supported by a 77.9% net margin.

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: May 9, 2026 | Data as of: 2026-03-29 | Powered by Claude AI