Thank you Greg. That gave me some useful leads. From what i gather, the sugar gets converted to alcohol by the yeast. The alcohol is then turned into acetic acid by the bacteria. Unlike cider or wine making, this is an incomplete process. There are also many other by products - the cellulose mat. I went down the rabbit hole and found a pretty comprehensive report from 2014.
A Review on Kombucha Tea—Microbiology, Composition, Fermentation, Beneficial Effects, Toxicity, and Tea Fungus. “ Investigations showed that 34.06% of sucrose stays unfermented after 7 d, and after 21 d this value is 19.28%” - I typically leave mine for 14 days so there’s still roughly 25-30% sugar left. My brew is 100g / litre, leaving 25 to 30g of sugar per litre. That’s way more than I would like.