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First Watch Restaurant Group, Inc. (FWRG)
NASDAQ: FWRG · Real-Time Price · USD
10.14
-0.08 (-0.78%)
Sep 25, 2026, 4:00 PM EDT - Market closed

FWRG Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits
Chart
Fiscal QuarterQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Revenue
1,3181,2711,2231,1691,1051,0561,016997.25964.86922.59891.55832.66800.3768.46730.16707.04677.63647.14601.19547.97
Revenue Growth
19.27%20.41%20.34%17.27%14.53%14.43%13.95%19.77%20.56%20.06%22.10%17.77%18.10%18.75%21.45%29.03%38.21%60.61%75.59%-
Gross Profit
271.95262.68247.39238.14222.28219.97223.11220.7214.8203.28197.29178.96169.08156.66144.95142.37139.24139.53127.55114.64
Operating Income
32.8933.2533.7729.5925.4833.8144.0747.5648.8645.3846.6941.136.827.9422.9720.8823.8831.9627.3319.71
Net Income
17.8117.5819.434.974.0910.8818.9320.8724.1823.2425.3922.2516.8811.636.912.743.484.58-2.11-4.57
Earnings Per Share
0.280.280.310.080.060.170.300.330.390.380.410.360.270.180.110.040.060.09-0.04-0.10
EPS Growth
376.94%63.66%3.33%-75.81%-84.85%-55.07%-26.83%-8.35%44.39%110.65%272.73%743.24%337.05%104.50%------

Revenue by Segment
Chart
Fiscal QuarterQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
In-Restaurant Dining Sales
1,0581,021982.35943.91896.8860.58829.05810.11779.75742.93716.96666.1636.9607.39571.05551.06526.88498.75452.99401.36
Third-Party Delivery Sales
156.82149.94142.26128.4113.6103.5197.4498.3597.9995.0591.4386.8584.9583.3482.0578.8673.9970.7670.4971.16
Take-Out Sales
92.1789.4487.5786.5383.7680.5577.8676.3273.5670.4568.765.9565.5465.7666.0866.6166.7768.1468.8767.5
Royalty and System Fund Contributions
10.539.879.719.9810.2310.4410.8611.5612.2213.1113.4612.9512.5111.6710.6810.219.719.228.587.7
Initial Fees
0.250.220.230.230.230.240.280.30.390.410.390.410.330.310.30.290.280.270.280.24
Revenue (Total)
1,3181,2711,2231,1691,1051,0561,016997.25964.86922.59891.55--------547.97

Cash & Debt
Chart
Fiscal QuarterQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Cash & Investments
20.4923.5721.2520.7119.1818.6133.3151.1345.143.2549.6339.9266.7754.4249.6749.3753.5746.5251.8651.85
Total Debt
1,0741,0311,010982.95959.1837.48809.66778.9748.6611.44606.97561.19527511.1507.35500.75493.47479.69473.97653.44
Net Cash (Debt)
-1,053-1,008-988.32-962.23-939.92-818.88-776.34-727.77-703.5-568.19-557.33-521.27-460.24-456.68-457.68-451.38-439.9-433.17-422.11-601.58
Net Cash Growth
--------------------
Net Cash Per Share
-16.93-16.00-15.73-15.35-15.05-13.22-12.45-11.70-11.34-9.21-9.11-8.57-7.60-7.57-7.61-7.68-7.94-8.34-8.75-13.36

Cash Flow & CapEx
Chart
Fiscal QuarterQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Operating Cash Flow
128.24140.23125.91130.38118.35110.83115.67115.0496.6599.1895.3489.3486.7176.0962.9465.3564.3665.1362.9746.29
Capital Expenditures
-149.12-149.71-156.91-160.79-147.35-135.88-127.92-119.03-113.05-98.59-83.33-70-65.33-65.38-62.22-53.23-42.71-36.16-35.31-31.64
Free Cash Flow
-20.88-9.48-30.99-30.41-29-25.05-12.24-3.99-16.40.5912.0119.3321.3810.710.7212.1221.6428.9727.6614.66
Free Cash Flow Growth
----------94.54%1572.56%59.53%-1.22%-63.03%-97.40%-17.33%308.90%---

Margins
Chart
Fiscal QuarterQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Gross Margin
20.63%20.66%20.24%20.36%20.12%20.84%21.96%22.13%22.26%22.03%22.13%21.49%21.13%20.39%19.85%20.14%20.55%21.56%21.21%20.92%
Operating Margin
2.50%2.61%2.76%2.53%2.31%3.20%4.34%4.77%5.06%4.92%5.24%4.94%4.60%3.64%3.15%2.95%3.52%4.94%4.55%3.60%
Pretax Margin
0.76%0.81%0.99%0.72%0.57%1.56%2.76%3.29%3.73%3.49%4.05%3.70%3.19%2.55%1.72%1.06%1.10%1.47%0.06%-1.05%
Profit Margin
1.35%1.38%1.59%0.43%0.37%1.03%1.86%2.09%2.51%2.52%2.85%2.67%2.11%1.51%0.95%0.39%0.51%0.71%-0.35%-0.83%
FCF Margin
-1.58%-0.75%-2.54%-2.60%-2.63%-2.37%-1.21%-0.40%-1.70%0.06%1.35%2.32%2.67%1.39%0.10%1.71%3.19%4.48%4.60%2.67%

Valuation
Chart
Fiscal QuarterQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
PE Ratio
44.1035.8649.97196.57240.3694.0559.8545.5643.8463.9647.3647.8956.7078.23121.79312.87246.25162.37--
Forward PE
63.7053.5950.1749.3868.3846.7847.5841.2939.9356.5745.1741.3951.3160.0949.9560.66107.01104.99201.90-
P/FCF Ratio
---------2540.81100.1255.1144.7784.931171.6370.7439.5625.6434.09-
PS Ratio
0.600.500.790.840.890.971.120.951.101.611.351.281.201.181.151.211.261.151.57-