First Watch Restaurant Group, Inc. (FWRG)

NASDAQ: FWRG · Real-Time Price · USD

11.49

+0.15 (1.32%)

At close: May 22, 2026, 4:00 PM EDT

11.27

-0.22 (-1.91%)

After-hours: May 22, 2026, 7:02 PM EDT

FWRG Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 29, 2026	Dec '25 Dec 28, 2025	Dec '24 Dec 29, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 26, 2022	Dec '21 Dec 27, 2021
Revenue	1,271	1,223	1,016	891.55	730.16	601.19
Revenue Growth (YoY)	20.41%	20.34%	13.95%	22.10%	21.45%	75.59%
Gross Profit	1,271	1,223	1,016	891.55	730.16	601.19
Selling, General & Admin	138.68	128.95	113.27	103.12	84.96	70.39
Depreciation & Amortization Expenses	79.85	75.01	57.72	41.22	34.23	32.38
Other Operating Expenses	1,025	991.03	806.02	705.94	594.06	476.18
Total Operating Expenses	1,244	1,195	977	850.28	713.25	578.95
Operating Income	27.4	27.51	38.91	41.27	16.91	22.24
Interest Expense	-18.14	-16.7	-12.64	-8.06	-5.23	-20.1
Other Non-Operating Income (Expense)	0.98	1.32	1.76	2.87	0.91	-1.77
Total Non-Operating Income (Expense)	-17.16	-15.38	-10.88	-5.19	-4.32	-21.87
Pretax Income	10.24	12.13	28.03	36.08	12.59	0.37
Provision for Income Taxes	-7.34	-7.3	9.1	10.69	5.68	2.48
Net Income	17.58	19.43	18.93	25.39	6.91	-2.11
Net Income to Common	17.58	19.43	18.93	25.39	6.91	-2.11
Net Income Growth	61.51%	2.68%	-25.45%	267.53%	-	-
Shares Outstanding (Basic)	61	61	60	60	59	50
Shares Outstanding (Diluted)	62	63	62	61	59	50
Shares Change (YoY)	0.85%	0.79%	1.90%	3.54%	18.93%	10.39%
EPS (Basic)	0.29	0.32	0.31	0.43	0.12	-0.04
EPS (Diluted)	0.28	0.31	0.30	0.41	0.12	-0.04
EPS Growth	64.71%	3.33%	-26.83%	250.80%	-	-
Shares Outstanding	61.63	61.13	60.7	59.89	59.21	59.05
Free Cash Flow	-	0	-12.24	12.01	0.72	27.66
Free Cash Flow Growth	-	-	-	1572.56%	-97.40%	-
Free Cash Flow Per Share	-	-	-0.20	0.20	0.01	0.56
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Operating Margin	2.16%	2.25%	3.83%	4.63%	2.32%	3.70%
Profit Margin	1.38%	1.59%	1.86%	2.85%	0.95%	-0.35%
FCF Margin	-	0.00%	-1.21%	1.35%	0.10%	4.60%
EBITDA	27.4	27.51	96.62	82.49	51.14	54.62
EBITDA Margin	2.16%	2.25%	9.51%	9.25%	7.00%	9.09%
EBIT	27.4	27.51	38.91	41.27	16.91	22.24
EBIT Margin	2.16%	2.25%	3.83%	4.63%	2.32%	3.70%
Effective Tax Rate	-71.71%	-60.16%	32.47%	29.63%	45.14%	669.46%

Updated May 5, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q