First Watch Restaurant Group, Inc. (FWRG)
NASDAQ: FWRG · Real-Time Price · USD
10.18
+0.07 (0.69%)
At close: Sep 18, 2026, 4:00 PM EDT
10.25
+0.07 (0.69%)
After-hours: Sep 18, 2026, 7:30 PM EDT
FWRG Balance Sheet
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Assets
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 28, 2026 | Mar '26 Mar 29, 2026 | Dec '25 Dec 28, 2025 | Sep '25 Sep 28, 2025 | Jun '25 Jun 29, 2025 | Mar '25 Mar 30, 2025 | Dec '24 Dec 29, 2024 | Sep '24 Sep 29, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 24, 2023 | Jun '23 Jun 25, 2023 | Mar '23 Mar 26, 2023 | Dec '22 Dec 25, 2022 | Sep '22 Sep 25, 2022 | Jun '22 Jun 26, 2022 | Mar '22 Mar 27, 2022 | Dec '21 Dec 26, 2021 | Sep '21 Sep 26, 2021 |
Cash & Equivalents | 20.49 | 23.57 | 21.25 | 20.71 | 19.18 | 18.61 | 33.31 | 51.13 | 45.1 | 43.25 | 49.63 | 39.92 | 66.77 | 54.42 | 49.67 | 49.37 | 53.57 | 46.52 | 51.86 | 51.85 |
Cash & Short-Term Investments | 20.49 | 23.57 | 21.25 | 20.71 | 19.18 | 18.61 | 33.31 | 51.13 | 45.1 | 43.25 | 49.63 | 39.92 | 66.77 | 54.42 | 49.67 | 49.37 | 53.57 | 46.52 | 51.86 | 51.85 |
Cash Growth (YoY) | 6.82% | 26.65% | -36.22% | -59.49% | -57.48% | -56.97% | -32.88% | 28.07% | -32.44% | -20.53% | -0.08% | -19.14% | 24.64% | 16.97% | -4.23% | -4.78% | 11.52% | 19.76% | 33.51% | - |
Accounts Receivable | 4.46 | 4.32 | 5.07 | 3.65 | 3.8 | 3.44 | 4.12 | 2.85 | 2.84 | 3.13 | 4.53 | 3.16 | 3.32 | 3.08 | 3.62 | 2.75 | 3.01 | 2.63 | 3.4 | 2.18 |
Other Receivables | 2.35 | 1.72 | 1.79 | 1.86 | 1.69 | 2.52 | 3.12 | 2.08 | 1.19 | 1 | 1 | 1.83 | 1.15 | 0.75 | 2.55 | 0.68 | 0.86 | 0.4 | 1.05 | 0.72 |
Receivables | 6.81 | 6.03 | 6.86 | 5.51 | 5.48 | 5.96 | 7.24 | 4.93 | 4.03 | 4.13 | 5.53 | 4.99 | 4.47 | 3.83 | 6.16 | 3.43 | 3.87 | 3.03 | 4.45 | 2.9 |
Inventory | 7.8 | 7.14 | 7.17 | 6.49 | 6.77 | 6.2 | 6.12 | 5.33 | 5.67 | 5.2 | 5.38 | 4.79 | 4.89 | 4.41 | 5.03 | 4.12 | 3.97 | 3.73 | 4.02 | 3.47 |
Prepaid Expenses | 10.55 | 12.37 | 7.95 | 6.71 | 8.4 | 10.68 | 7.01 | 7.44 | 8.49 | 8.91 | 7.49 | 4.7 | 5.89 | 6.67 | 5.8 | 4.33 | 5.54 | 6.32 | 5.68 | 3.3 |
Restricted Cash | - | - | - | - | - | - | - | - | 0.26 | 0.26 | 0.33 | 0.33 | 0.33 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 |
Other Current Assets | 1.88 | 2.46 | 5.86 | 4.3 | 3.12 | 2.8 | 2.2 | 4.18 | 3.85 | 1.69 | 2.82 | 3.84 | 2.71 | 0.59 | 0.37 | 3.72 | 2.84 | 1.41 | 1.43 | 4.94 |
Total Current Assets | 47.53 | 51.57 | 49.08 | 43.72 | 42.95 | 44.25 | 55.88 | 73.01 | 67.4 | 63.44 | 71.19 | 58.57 | 85.04 | 70.16 | 67.29 | 65.23 | 70.03 | 61.25 | 67.7 | 66.72 |
Property, Plant & Equipment | 1,175 | 1,125 | 1,093 | 1,074 | 1,030 | 931.89 | 889.07 | 840.68 | 796.19 | 699.56 | 683.08 | 638.29 | 581.77 | 555.39 | 547.49 | 535.85 | 520.82 | 498.69 | 489.69 | 482.34 |
Goodwill | 420.21 | 420.21 | 420.21 | 420.21 | 420.21 | 398.57 | 398.57 | 398.57 | 398.57 | 360.98 | 359.88 | 356.97 | 350.49 | 345.22 | 345.22 | 345.22 | 345.22 | 345.22 | 345.22 | 345.22 |
Other Intangible Assets | 170.77 | 172.58 | 174.91 | 177.24 | 179.13 | 165.97 | 167.6 | 169.33 | 171.03 | 151.06 | 151.19 | 150.28 | 144.08 | 143.03 | 143.15 | 142.99 | 142.89 | 142.86 | 143 | 143.24 |
Other Long-Term Assets | 6.85 | 5 | 4.83 | 4.66 | 4.06 | 3.47 | 3.25 | 3.37 | 3.47 | 4.22 | 1.7 | 1.74 | 1.23 | 1.26 | 1.3 | 1.2 | 1.28 | 1.32 | 1.31 | 1.32 |
Total Assets | 1,821 | 1,774 | 1,742 | 1,720 | 1,676 | 1,544 | 1,514 | 1,485 | 1,437 | 1,279 | 1,267 | 1,206 | 1,163 | 1,115 | 1,104 | 1,090 | 1,080 | 1,049 | 1,047 | 1,039 |
Liabilities
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 28, 2026 | Mar '26 Mar 29, 2026 | Dec '25 Dec 28, 2025 | Sep '25 Sep 28, 2025 | Jun '25 Jun 29, 2025 | Mar '25 Mar 30, 2025 | Dec '24 Dec 29, 2024 | Sep '24 Sep 29, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 24, 2023 | Jun '23 Jun 25, 2023 | Mar '23 Mar 26, 2023 | Dec '22 Dec 25, 2022 | Sep '22 Sep 25, 2022 | Jun '22 Jun 26, 2022 | Mar '22 Mar 27, 2022 | Dec '21 Dec 26, 2021 | Sep '21 Sep 26, 2021 |
Accounts Payable | 10.28 | 9.77 | 8.7 | 7.23 | 7.51 | 7.69 | 6.96 | 6.87 | 7.18 | 5.68 | 6.32 | 5.55 | 5.51 | 5.22 | 7.59 | 7.5 | 6.99 | 7.97 | 11.06 | 6.98 |
Accrued Expenses | 52.84 | 59.11 | 49.95 | 62.78 | 50.46 | 46.68 | 43.02 | 50.77 | 40.12 | 42.55 | 42.24 | 37.93 | 41.53 | 29.37 | 32.91 | 31.49 | 32.97 | 24.75 | 32.01 | 28.8 |
Short-Term Debt | - | - | - | - | - | - | - | - | - | - | - | - | 0.34 | 0.86 | 1.38 | - | 0.52 | 1.31 | 2.35 | - |
Current Portion of Long-Term Debt | 13 | 11.77 | 12.15 | 11.85 | 11.58 | 10.13 | 8.75 | 7.41 | 6.17 | 2.5 | 5 | 6.25 | 6.25 | 5 | 5.63 | 5 | 3.75 | 3.13 | 2.5 | 2.95 |
Current Portion of Leases | 81.45 | 78.11 | 77.09 | 74.66 | 68.17 | 56.93 | 56.29 | 47.99 | 46.23 | 41.85 | 40.91 | 43.5 | 40.37 | 41.1 | 39.57 | 38.67 | 38.24 | 38.35 | 38.87 | 40.31 |
Current Unearned Revenue | 4.38 | 4.31 | 6.78 | 2.64 | 3.51 | 3.41 | 5.62 | 2.37 | 3.25 | 3.34 | 5.5 | 2.66 | 3.47 | 3.23 | 5.19 | 2.39 | 3.07 | 3 | 4.65 | 2.25 |
Other Current Liabilities | 15.93 | 14.42 | 12.83 | 17.62 | 17.11 | 17.01 | 17.83 | 18.61 | 15.89 | 10.56 | 15.1 | 14.17 | 11.69 | 6.88 | 7.72 | 7.5 | 7.35 | 4.75 | 5.07 | 3.74 |
Total Current Liabilities | 177.89 | 177.49 | 167.5 | 176.77 | 158.33 | 141.85 | 138.47 | 134.02 | 118.83 | 106.48 | 115.07 | 110.05 | 109.16 | 91.66 | 99.98 | 92.54 | 92.88 | 83.25 | 96.52 | 85.02 |
Long-Term Debt | 262.34 | 252.96 | 255.17 | 236.89 | 240.1 | 184.43 | 183.81 | 186.2 | 188.59 | 119.25 | 116.27 | 90.45 | 91.59 | 92.73 | 90.82 | 95.01 | 96.15 | 97.28 | 98.42 | 286.22 |
Long-Term Leases | 717.01 | 688.35 | 665.15 | 659.56 | 639.25 | 585.99 | 560.81 | 537.3 | 507.62 | 447.84 | 444.79 | 421 | 388.45 | 371.41 | 369.96 | 362.07 | 354.81 | 339.63 | 331.83 | 323.96 |
Long-Term Unearned Revenue | 1.25 | 1.25 | 1.23 | 1.24 | 1.28 | 1.65 | 1.69 | 1.64 | 1.67 | 1.99 | 1.79 | 1.95 | 2.35 | 2.41 | 2.47 | 2.5 | 2.38 | 2.34 | 2.29 | - |
Long-Term Deferred Tax Liabilities | 21.26 | 20.78 | 21.97 | 33.79 | 31.5 | 30.8 | 32.22 | 32.22 | 32.22 | 27.9 | 25.33 | 24 | 23.04 | 21.4 | 17.17 | 16.84 | 15.66 | 14.54 | 12.49 | 12.84 |
Other Long-Term Liabilities | 6.93 | 5.57 | 4.73 | 4.68 | 4.22 | 3.14 | 1.97 | 4.45 | 1.95 | 1.36 | 2.51 | 1.31 | 2.18 | 0.89 | 0.91 | 1.24 | 1.26 | 0.94 | 0.94 | 6.64 |
Total Liabilities | 1,187 | 1,146 | 1,116 | 1,113 | 1,075 | 947.85 | 918.97 | 895.83 | 850.87 | 704.82 | 705.76 | 648.76 | 616.78 | 580.5 | 581.31 | 570.21 | 563.13 | 537.97 | 542.49 | 714.68 |
Shareholders' Equity
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 28, 2026 | Mar '26 Mar 29, 2026 | Dec '25 Dec 28, 2025 | Sep '25 Sep 28, 2025 | Jun '25 Jun 29, 2025 | Mar '25 Mar 30, 2025 | Dec '24 Dec 29, 2024 | Sep '24 Sep 29, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 24, 2023 | Jun '23 Jun 25, 2023 | Mar '23 Mar 26, 2023 | Dec '22 Dec 25, 2022 | Sep '22 Sep 25, 2022 | Jun '22 Jun 26, 2022 | Mar '22 Mar 27, 2022 | Dec '21 Dec 26, 2021 | Sep '21 Sep 26, 2021 |
Common Stock | 0.62 | 0.62 | 0.61 | 0.61 | 0.61 | 0.61 | 0.61 | 0.61 | 0.6 | 0.6 | 0.6 | 0.6 | 0.59 | 0.59 | 0.59 | 0.59 | 0.59 | 0.59 | 0.59 | 0.45 |
Additional Paid-In Capital | 668.59 | 664.66 | 661.15 | 657.39 | 654.45 | 651.43 | 649.05 | 645.53 | 641.63 | 639.11 | 634.1 | 631.06 | 626.22 | 622.74 | 620.68 | 617.33 | 614.22 | 611.17 | 608.88 | 424.09 |
Retained Earnings | -34.74 | -37.08 | -34.39 | -49.55 | -52.55 | -54.65 | -53.82 | -54.52 | -56.63 | -65.53 | -72.75 | -75.4 | -80.81 | -88.77 | -98.13 | -97.65 | -97.69 | -100.4 | -105.04 | -100.39 |
Comprehensive Income & Other | -0.31 | -0.54 | -1.1 | -1.13 | -1.2 | -1.1 | -0.44 | -2.48 | 0.19 | 0.26 | -0.67 | 0.83 | -0.16 | - | - | - | - | - | - | - |
Total Common Equity | 634.17 | 627.66 | 626.28 | 607.31 | 601.31 | 596.29 | 595.39 | 589.13 | 585.78 | 574.44 | 561.28 | 557.09 | 545.84 | 534.56 | 523.14 | 520.27 | 517.12 | 511.36 | 504.43 | 324.16 |
Shareholders' Equity | 634.17 | 627.66 | 626.28 | 607.31 | 601.31 | 596.29 | 595.39 | 589.13 | 585.78 | 574.44 | 561.28 | 557.09 | 545.84 | 534.56 | 523.14 | 520.27 | 517.12 | 511.36 | 504.43 | 324.16 |
Total Liabilities & Equity | 1,821 | 1,774 | 1,742 | 1,720 | 1,676 | 1,544 | 1,514 | 1,485 | 1,437 | 1,279 | 1,267 | 1,206 | 1,163 | 1,115 | 1,104 | 1,090 | 1,080 | 1,049 | 1,047 | 1,039 |
Additional Metrics
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 28, 2026 | Mar '26 Mar 29, 2026 | Dec '25 Dec 28, 2025 | Sep '25 Sep 28, 2025 | Jun '25 Jun 29, 2025 | Mar '25 Mar 30, 2025 | Dec '24 Dec 29, 2024 | Sep '24 Sep 29, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 24, 2023 | Jun '23 Jun 25, 2023 | Mar '23 Mar 26, 2023 | Dec '22 Dec 25, 2022 | Sep '22 Sep 25, 2022 | Jun '22 Jun 26, 2022 | Mar '22 Mar 27, 2022 | Dec '21 Dec 26, 2021 | Sep '21 Sep 26, 2021 |
Total Debt | 1,074 | 1,031 | 1,010 | 982.95 | 959.1 | 837.48 | 809.66 | 778.9 | 748.6 | 611.44 | 606.97 | 561.19 | 527 | 511.1 | 507.35 | 500.75 | 493.47 | 479.69 | 473.97 | 653.44 |
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 (YoY) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Net Cash Per Share | -16.91 | -16.45 | -15.72 | -15.31 | -15.02 | -13.48 | -12.45 | -11.77 | -11.26 | -9.09 | -9.03 | -8.47 | -7.55 | -7.54 | -7.73 | -7.47 | -7.35 | -7.22 | -7.30 | -13.05 |
Filing Date Shares Outstanding | 61.71 | 61.64 | 61.14 | 61.03 | 61.02 | 60.99 | 60.7 | 60.57 | 60.41 | 60.37 | 59.91 | 59.82 | 59.52 | 59.36 | 59.26 | 59.2 | 59.08 | 59.05 | 59.05 | 59.05 |
Total Common Shares Outstanding | 61.71 | 61.63 | 61.13 | 61.03 | 61.02 | 60.97 | 60.7 | 60.55 | 60.4 | 60.37 | 59.89 | 59.79 | 59.46 | 59.28 | 59.21 | 59.12 | 59.08 | 59.05 | 59.05 | 45.01 |
Working Capital | -130.36 | -125.92 | -118.42 | -133.05 | -115.38 | -97.59 | -82.6 | -61.01 | -51.44 | -43.04 | -43.88 | -51.49 | -24.12 | -21.5 | -32.69 | -27.32 | -22.85 | -22 | -28.83 | -18.3 |
Book Value Per Share | 10.28 | 10.19 | 10.24 | 9.95 | 9.85 | 9.78 | 9.81 | 9.73 | 9.70 | 9.51 | 9.37 | 9.32 | 9.18 | 9.02 | 8.84 | 8.80 | 8.75 | 8.66 | 8.54 | 7.20 |
Tangible Book Value | 43.19 | 34.87 | 31.16 | 9.87 | 1.97 | 31.75 | 29.23 | 21.24 | 16.19 | 62.4 | 50.22 | 49.84 | 51.26 | 46.31 | 34.77 | 32.06 | 29.01 | 23.29 | 16.21 | -164.31 |
Tangible Book Value Per Share | 0.70 | 0.57 | 0.51 | 0.16 | 0.03 | 0.52 | 0.48 | 0.35 | 0.27 | 1.03 | 0.84 | 0.83 | 0.86 | 0.78 | 0.59 | 0.54 | 0.49 | 0.39 | 0.27 | -3.65 |
Land | - | - | 1.19 | - | - | - | 1.19 | - | - | - | 1.19 | - | - | - | 1.19 | - | - | - | 1.19 | - |
Buildings | - | - | 1.35 | - | - | - | 1.35 | - | - | - | 1.35 | - | - | - | 1.35 | - | - | - | 1.35 | - |
Machinery | - | - | 279.3 | - | - | - | 223.6 | - | - | - | 180.43 | - | - | - | 145.85 | - | - | - | 119.19 | - |
Construction In Progress | - | - | 36.14 | - | - | - | 34.78 | - | - | - | 17.47 | - | - | - | 10.48 | - | - | - | 8.64 | - |
Leasehold Improvements | - | - | 434.44 | - | - | - | 324.39 | - | - | - | 240.98 | - | - | - | 178.89 | - | - | - | 146.58 | - |