CAVA Group, Inc. most recently reported annual revenue of $1.2B, net profit of $64.0M. Revenue grew at an average annual rate of 23.9% over the last 4 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.
CAVA Group, Inc.: Revenue rose from $500.0M in 2021 to $1.2B in 2025, a change of +136.0% over 4 years; net profit was positive in 3 of 5 reported years; operating margin moved from -10.6% to 6.7%, a shift of +17.3 percentage points; the most recent year shows net profit of $64.0M.
Income Statement — 5 Years (USD millions)
Metric
2021
2022
2023
2024
2025
Revenue
$500.0M
$564.0M
$729.0M
$964.0M
$1.2B
Operating Expenses
$553.0M
$624.0M
$724.0M
$921.0M
$1.1B
Operating Profit
$-53.0M
$-60.0M
$5.0M
$43.0M
$79.0M
Operating Margin
-10.6%
-10.6%
0.7%
4.5%
6.7%
Other Income
$15.0M
$1.0M
$9.0M
$17.0M
$-9.0M
Interest
$5.0M
$0
$0
$0
$0
Depreciation
$45.0M
$43.0M
$47.0M
$60.0M
$74.0M
Profit Before Tax
$-37.0M
$-59.0M
$14.0M
$60.0M
$71.0M
Tax
$-310,000
$-160,000
$5.5M
$-117.5M
$10.0M
Net Profit
$-37.0M
$-59.0M
$13.0M
$130.0M
$64.0M
EPS
$-51.08
$-44.42
$0.21
$1.10
$0.54
Dividend Payout
0.0%
0.0%
0.0%
0.0%
0.0%
Quarterly Results — Last 12 Quarters (USD millions)
7 duplicate period labels in the source data were collapsed.
Metric
Sep '23
Dec '23
Mar '24
Jun '24
Sep '24
Dec '24
Mar '25
Jun '25
Sep '25
Dec '25
Mar '26
Jun '26
Revenue
$176.0M
$177.0M
$259.0M
$233.0M
$244.0M
$227.0M
$332.0M
$281.0M
$292.0M
$275.0M
$438.0M
$368.0M
Operating Expenses
$173.0M
$179.0M
$250.0M
$217.0M
$230.0M
$223.0M
$310.0M
$255.0M
$269.0M
$267.0M
$404.0M
$342.0M
Operating Profit
$3.0M
$-2.0M
$9.0M
$16.0M
$14.0M
$4.0M
$22.0M
$26.0M
$23.0M
$8.0M
$35.0M
$27.0M
Operating Margin
1.6%
-0.9%
3.6%
6.9%
5.7%
1.7%
6.6%
9.2%
8.0%
3.1%
7.9%
7.3%
Interest
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Profit Before Tax
$7.0M
$3.0M
$14.0M
$20.0M
$18.0M
$8.0M
$20.0M
$24.0M
$21.0M
$6.0M
$30.0M
$31.0M
Tax
$550,000
$24.1M
$1.8M
$1.4M
$-320,000
$-917.3M
$-26.3M
$22.5M
$28.6M
$19.1M
$21.6M
$24.7M
Net Profit
$7.0M
$2.0M
$14.0M
$20.0M
$18.0M
$79.0M
$26.0M
$18.0M
$15.0M
$5.0M
$24.0M
$23.0M
EPS
$0.06
$0.02
$0.12
$0.17
$0.15
$0.66
$0.22
$0.16
$0.12
$0.04
$0.20
$0.19
Over the 5 years reported for CAVA Group, Inc., borrowings increased from $15.0M in 2021 to $466.0M in 2025, cash stood at $283.0M in the latest year, shareholders' equity was $0, current assets covered current liabilities 2.64 times.
Balance Sheet — 5 Years (USD millions)
Metric
2021
2022
2023
2024
2025
Total Assets
$362.0M
$584.0M
$984.0M
$1.2B
$1.4B
Current Assets
$154.0M
$58.0M
$355.0M
$394.0M
$431.0M
Cash
$140.0M
$39.0M
$332.0M
$366.0M
$283.0M
Inventory
$4.0M
$5.0M
$6.0M
$8.0M
$9.0M
Receivables
$6.0M
$8.0M
$12.0M
$13.0M
$19.0M
Fixed Assets
$195.0M
$517.0M
$620.0M
$695.0M
$847.0M
Capital Work in Progress
$0
$0
$0
$0
$0
Investments
$0
$0
$0
$0
$110.0M
Other Assets
$2.0M
$2.0M
$2.0M
$2.0M
$2.0M
Total Liabilities
$755.0M
$1.0B
$413.0M
$474.0M
$580.0M
Current Liabilities
$52.0M
$84.0M
$109.0M
$133.0M
$163.0M
Borrowings
$15.0M
$315.0M
$336.0M
$379.0M
$466.0M
Other Liabilities
$740.0M
$718.0M
$77.0M
$95.0M
$114.0M
Equity
$0
$0
$0
$0
$0
Reserves
$-393.0M
$-449.0M
$571.0M
$696.0M
$780.0M
For CAVA Group, Inc., operating cash flow was positive in 5 of 5 reported years; free cash flow in the latest year was $26.0M; free cash flow was positive in 2 of 5 years.
Cash Flow Statement — 5 Years (USD millions)
Metric
2021
2022
2023
2024
2025
Operating Cash Flow
$3.0M
$6.0M
$97.0M
$161.0M
$185.0M
Investing Cash Flow
$-113.0M
$-208.0M
$-278.0M
$-216.0M
$-432.0M
Financing Cash Flow
$183.0M
$-3.0M
$-9.0M
$-25.0M
$0
Net Cash Flow
$90.0M
$-101.0M
$293.0M
$34.0M
$-83.0M
Free Cash Flow
$-53.0M
$-98.0M
$-42.0M
$53.0M
$26.0M
Valuation & Return Ratios
Metric
Value
PEG Ratio
-1.68
EV / EBITDA
36.54
FCF Yield
0.82%
Quick Ratio
2.43
Interest Coverage
—
Return 1Y
-13.43%
Return 3Y
44.23%
Return 5Y
—
CAVA Group, Inc. (CAVA) financials — frequently asked questions
What is CAVA Group, Inc.'s annual revenue?
CAVA Group, Inc. (CAVA) reported annual revenue of $1.2B in its most recent fiscal year.
What is CAVA Group, Inc.'s net profit?
CAVA Group, Inc. (CAVA) reported net profit of $64.0M in its most recent fiscal year.
What is CAVA EV/EBITDA?
CAVA Group, Inc.'s enterprise value to EBITDA (EV/EBITDA) ratio is 36.54.