Cava (CAVA) Operating Expenses (2022 - 2025)
Cava (CAVA) reported Operating Expenses of $272.2 million for Q4 2025, up 21.81% on a YoY basis from $223.4 million in Q4 2024, and down 1.07% sequentially from $275.1 million in Q4 2025.
Cava (CAVA) Operating Expenses (2022 - 2025) Analysis & Trends
Cava (CAVA) has 4 years of Operating Expenses data on file, last reported at $272.2 million in Q4 2025.
- For the quarter ending Q4 2025, Operating Expenses rose 21.81% year-over-year to $272.2 million; the trailing twelve-month figure through Dec 2025 stood at $1.1 billion (up 22.14% YoY), and the FY2025 full-year result was $1.1 billion, up 22.14% from the prior year.
- Operating Expenses declined to $272.2 million in Q4 2025, from $275.1 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $316.1 million in Q2 2025 to a low of $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.
- Across the five-year window, Operating Expenses increased 14.04% in 2023 and surged 33.16% in 2024, its largest moves.
- Tracing CAVA's Operating Expenses over 4 years: stood at $149.2 million in 2022, then gained by 19.77% to $178.8 million in 2023, then gained by 25.0% to $223.4 million in 2024, then climbed by 21.81% to $272.2 million in 2025.
- Business Quant data shows CAVA's Operating Expenses at $272.2 million in Q4 2025, $275.1 million in Q4 2025, and $261.0 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Starbucks | 118.28 Bn | 116.58 Bn | 6.32 Bn | 8.75 Bn |
| 2 | Yum Brands | 41.26 Bn | 40.58 Bn | 1.38 Bn | 1.42 Bn |
| 3 | Chipotle Mexican Grill | 41.21 Bn | 40.34 Bn | 2.61 Bn | 2.69 Bn |
| 4 | Restaurant Brands International | 25.26 Bn | 24.25 Bn | 2.14 Bn | 1.66 Bn |
| 5 | Darden Restaurants | 22.64 Bn | 22.40 Bn | 3.31 Bn | 2.94 Bn |
| 6 | Yum China Holdings | 15.35 Bn | 13.92 Bn | 2.31 Bn | 2.82 Bn |
| 7 | Texas Roadhouse | 12.76 Bn | 12.54 Bn | 1.40 Bn | 1.49 Bn |
| 8 | Dominos Pizza | 11.11 Bn | 10.98 Bn | 478.23 Mn | 115.37 Mn |
| 9 | Dutch Bros | 8.18 Bn | 7.92 Bn | 107.48 Mn | 430.11 Mn |
| 10 | Cava | 7.17 Bn | 6.78 Bn | -345.41 Mn | 272.18 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |