Company: CAVA
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001639438-25-000007
Chunk: 7

Company: CAVA GROUP, INC.
Filing Date: 2025-08-13
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)July 13,2025December 29,2024ASSETSCurrent assets:Cash and cash equivalents$290,172 $366,120 Trade accounts receivable, net7,637 4,799 Other accounts receivable8,902 8,197 Investments at fair value (amortized cost of $95,629)95,611 — Inventories7,994 7,600 Prepaid expenses and other8,221 7,438 Total current assets418,537 394,154 Property and equipment, net418,027 372,902 Operating lease assets367,752 321,832 Goodwill1,944 1,944 Intangible assets, net1,593 1,355 Deferred income taxes71,562 71,537 Other long-term assets12,219 5,945 Total assets$1,291,634 $1,169,669 LIABILITIES AND STOCKHOLDERS’ EQUITYCurrent liabilities:Accounts payable$33,618 $25,573 Accrued expenses and other73,470 69,822 Operating lease liabilities, current46,619 37,241 Total current liabilities153,707 132,636 Operating lease liabilities387,218 341,467 Total liabilities540,925 474,103 Commitments and Contingencies (Note 9)Stockholders’ equity:Common stock, par value $0.0001 per share; 2,500,000 shares authorized; 115,952 and 115,093 issued and outstanding, respectively12 12 Treasury stock, at cost; 1,431 shares(34,377)(34,377)Additional paid-in capital1,058,356 1,047,275 Accumulated deficit(273,269)(317,344)Accumulated other comprehensive loss(13)— Total stockholders’ equity750,709 695,566 Total liabilities and stockholders’ equity$1,291,634 $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