Cava (CAVA) Operating Expenses (2022 - 2025)

Cava's (CAVA) quarterly Operating Expenses came in at $272.2 million in Q4 2025, up 21.81% year-on-year from $223.4 million in Q4 2024, and down 1.07% quarter-over-quarter from $275.1 million in Q4 2025.

Cava (CAVA) Operating Expenses (2022 - 2025) Analysis & Trends

Cava has disclosed Operating Expenses across 4 years of filings, most recently posting $272.2 million for Q4 2025.

  • Operating Expenses for Q4 2025 came in at $272.2 million, up 21.81% year-over-year; the trailing twelve-month figure through Dec 2025 was $1.1 billion (up 22.14% YoY), and the FY2025 annual result was $1.1 billion, up 22.14% from the prior year.
  • Operating Expenses came in at $272.2 million for Q4 2025 at Cava, down 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.
  • The 4-year median for Operating Expenses is $217.4 million (2024), against an average of $214.3 million.
  • Across the five-year window, Operating Expenses increased 14.04% in 2023 and surged 33.16% in 2024, its largest moves.
  • Cava's Operating Expenses stood at $149.2 million in 2022, then advanced by 19.77% to $178.8 million in 2023, then advanced by 25.0% to $223.4 million in 2024, then grew by 21.81% to $272.2 million in 2025.
  • The last three Operating Expenses figures came in at $272.2 million (Q4 2025), $275.1 million (Q4 2025), and $261.0 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Starbucks 114.58 Bn 112.88 Bn 9.40 Bn 8.75 Bn
2 Chipotle Mexican Grill 42.15 Bn 41.28 Bn 2.61 Bn 2.69 Bn
3 Yum Brands 42.13 Bn 41.44 Bn 1.38 Bn 1.42 Bn
4 Restaurant Brands International 25.46 Bn 25.99 Bn 2.14 Bn 1.66 Bn
5 Darden Restaurants 24.75 Bn 24.51 Bn 3.31 Bn 2.94 Bn
6 Yum China Holdings 15.17 Bn 13.74 Bn 3.24 Bn 2.82 Bn
7 Texas Roadhouse 11.72 Bn 11.53 Bn 1.40 Bn 1.49 Bn
8 Dominos Pizza 10.51 Bn 10.28 Bn 464.51 Mn 111.41 Mn
9 Cava 10.34 Bn 9.94 Bn 797.57 Mn 272.18 Mn
10 Dutch Bros 8.99 Bn 8.95 Bn 107.48 Mn 430.11 Mn

Historic Data

Download Data
DateValue
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