Cava (CAVA) Operating Expenses (2022 - 2026)
Cava (CAVA) posted Operating Expenses of $272.2 million for Q4 2025, down 1.07% sequentially from $275.1 million in Q4 2025, and up 21.81% YoY from $223.4 million in Q4 2024.
Cava (CAVA) Operating Expenses (2022 - 2026) Analysis & Trends
Cava has reported Operating Expenses for 4 years, with the latest figure at $272.2 million in Q4 2025.
- Quarterly Operating Expenses rose 21.81% year-over-year to $272.2 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $1.1 billion (up 22.14% YoY) and the FY2025 annual result came in at $1.1 billion, up 22.14% from the prior year.
- Operating Expenses declined to $272.2 million in Q4 2025 per CAVA's latest filing, from $275.1 million in the prior quarter.
- Over five years, Operating Expenses peaked at $316.1 million in Q2 2025 and troughed at $144.3 million in Q3 2022.
- A 4-year average of $214.3 million and a median of $217.4 million in 2024 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2023 and 2024: Operating Expenses gained 14.04% in 2023, then jumped 33.16% in 2024.
- Over 4 years, Operating Expenses stood at $149.2 million in 2022, then grew by 19.77% to $178.8 million in 2023, then grew by 25.0% to $223.4 million in 2024, then rose by 21.81% to $272.2 million in 2025.
- According to Business Quant data, Operating Expenses over the past three periods registered $272.2 million, $275.1 million, and $261.0 million for Q4 2025, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Mcdonalds | 193.05 Bn | 192.23 Bn | 6.42 Bn | 3.76 Bn |
| 2 | Starbucks | 122.77 Bn | 119.16 Bn | 6.49 Bn | 8.42 Bn |
| 3 | Chipotle Mexican Grill | 42.40 Bn | 41.73 Bn | 2.35 Bn | 2.82 Bn |
| 4 | Yum Brands | 40.42 Bn | 39.75 Bn | 1.47 Bn | 1.51 Bn |
| 5 | Restaurant Brands International | 27.11 Bn | 27.59 Bn | 1.89 Bn | 1.80 Bn |
| 6 | Darden Restaurants | 25.70 Bn | 25.48 Bn | 3.68 Bn | 3.20 Bn |
| 7 | Restaurant Brands International Limited Partnership | 17.24 Bn | 16.18 Bn | 1.89 Bn | 1.80 Bn |
| 8 | Yum China Holdings | 16.42 Bn | 15.74 Bn | 2.22 Bn | 2.79 Bn |
| 9 | Texas Roadhouse | 13.58 Bn | 13.40 Bn | 1.44 Bn | 1.54 Bn |
| 10 | Cava | 8.69 Bn | 8.26 Bn | 95.58 Mn | 341.59 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jul 12, 2026 | 341.59 Mn |
| Dec 28, 2025 | 272.18 Mn |
| Oct 5, 2025 | 275.12 Mn |
| Jul 13, 2025 | 260.97 Mn |
| Apr 20, 2025 | 316.12 Mn |
| Dec 29, 2024 | 223.44 Mn |
| Oct 6, 2024 | 230.05 Mn |
| Jul 14, 2024 | 217.35 Mn |
| Apr 21, 2024 | 249.75 Mn |
| Dec 31, 2023 | 178.75 Mn |
| Oct 1, 2023 | 172.76 Mn |
| Jul 9, 2023 | 167.13 Mn |
| Apr 16, 2023 | 205.34 Mn |
| Dec 25, 2022 | 149.25 Mn |
| Oct 2, 2022 | 151.48 Mn |
| Jul 10, 2022 | 144.25 Mn |