Company: CAVA
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001639438-25-000007
Chunk: 15

Company: CAVA GROUP, INC.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 1
Chunk 15
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 provides automated makelines designed to improve the speed and efficiency of food production. The Company intends to test this technology in its digital business. The Company is committed to make an additional investment of $5.0 million upon the achievement of a predefined milestone event. This contingent investment will be made in the form of a convertible promissory note at terms that are substantially similar to the Note Receivable. The Note Receivable is presented within other long-term assets on the accompanying unaudited condensed consolidated balance sheet. Refer to Note 4 (Fair Value) for more information. The Company’s investments were as follows:July 13, 2025(in thousands)Gross unrealizedSecurity Type CategoryAmortized CostGainsLossesEstimated Fair ValueAsset backed$9,656 $1 $(3)$9,654 Commercial deposits8,732 2 — 8,734 Corporate bonds64,490 12 (23)64,479 U.S. government bonds12,751 — (7)12,744 Fixed income debt securities95,629 15 (33)95,611 Note Receivable5,000 429 — 5,429 Total$100,629 $444 $(33)$101,040 In determining credit losses on its investments in an unrealized loss position, the Company considers certain factors that may include, among others, severity of the unrealized loss, security type, industry sector, credit rating, yield to maturity, profitability, and stock performance. Based on the Company’s review of its investments in an unrealized loss position, it determined that the losses were due to non-credit factors and, therefore, it does not consider these securities to be credit impaired at July 13, 2025. As of July 13, 2025, the Company did not intend to sell any investments in an unrealized loss position, and it is not more likely than not that the Company will be required to sell any investments before recovery of their amortized cost basis.Investments in fixed income debt securities by contractual maturities were as follows:

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July 13, 2025(in thousands)Amortized CostEstimated Fair ValueLess than one year$73,160 $73,143 1.0 to 2.0 years17,168 17,167 2.0 to 3.0 years5,153 5,153 More than 3.0 years148 148