Company: CAVA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001628280-25-049080
Chunk: 7

Company: CAVA GROUP, INC.
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 1
Chunk 7
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Item 1. Financial Statements

CAVA GROUP, INC.UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS(in thousands, except per share amount)October 5,2025December 29,2024ASSETSCurrent assets:Cash and cash equivalents$284,570 $366,120 Trade accounts receivable, net7,630 4,799 Other accounts receivable9,580 8,197 Investments at fair value (amortized cost of $102,945)103,115 — Inventories8,579 7,600 Prepaid expenses and other11,651 7,438 Total current assets425,125 394,154 Property and equipment, net439,338 372,902 Operating lease assets375,207 321,832 Goodwill1,944 1,944 Intangible assets, net1,791 1,355 Deferred income taxes65,768 71,537 Other long-term assets12,806 5,945 Total assets$1,321,979 $1,169,669 LIABILITIES AND STOCKHOLDERS’ EQUITYCurrent liabilities:Accounts payable$31,093 $25,573 Accrued expenses and other78,528 69,822 Operating lease liabilities, current48,670 37,241 Total current liabilities158,291 132,636 Operating lease liabilities394,674 341,467 Total liabilities552,965 474,103 Commitments and Contingencies (Note 9)Stockholders’ equity:Common stock, par value $0.0001 per share; 2,500,000 shares authorized; 115,985 and 115,093 issued and outstanding, respectively12 12 Treasury stock, at cost; 1,431 shares(34,377)(34,377)Additional paid-in capital1,061,776 1,047,275 Accumulated deficit(258,522)(317,344)Accumulated other comprehensive income125 — Total stockholders’ equity769,014 695,566 Total liabilities and stockholders’ equity$1,321,979 $1,169,669 The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

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CAVA GROUP, INC. UNAUDITED CONDENSED CONSOLIDATED STATEMENTS