The financials
Sweetgreen, Inc. by the numbers
Sweetgreen, Inc. (SG) reported revenue of $162M in Q1 2026 (quarter ended March 29, 2026), down 2.9% from the same quarter a year earlier. That came with a gross margin of 10% and net income of $126M (78% of revenue). For the full year FY2025, revenue was $679M (+0.4% year on year) and net income −$134M. Its largest product in 2026-Q1 was Owned Digital Channels at $63M, 39% of the disclosed total, just ahead of In Store Channel at 33%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $162M | $166M | −2.9% |
| Gross profit | $16M | $30M | −45% |
| Operating income | −$34M | −$29M | n/a |
| Net income | $126M | −$25M | to a profit |
| Diluted EPS | $1.05 | −$0.21 | to a profit |
| Product | Revenue | Share |
|---|---|---|
| Owned Digital Channels | $63M | 39% |
| In Store Channel | $53M | 33% |
| Marketplace Channel | $46M | 28% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q1 2026Total $161.5M (-6.3%)
Owned Digital Channels grew +19% year on yearIn Store Channel -21% year on year
Segment Latestquarter on quarteryear on year
- Owned Digital Channels$62.8M$62.8MQoQ +3.3%year on year +19%+3.3%+19%
- In Store Channel$53.0M$53.0MQoQ -20%year on year -21%-20%-21%
- Marketplace Channel$45.7M$45.7MQoQ +0.15%year on year -1.9%+0.15%-1.9%