First Watch Restaurant Group, Inc. (FWRG)

NASDAQ: FWRG · Real-Time Price · USD

12.97

+0.32 (2.53%)

At close: Aug 13, 2026, 4:00 PM EDT

13.22

+0.25 (1.93%)

After-hours: Aug 13, 2026, 7:41 PM EDT

FWRG Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 28, 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
Net Income	17.81	19.43	18.93	25.39	6.91	-2.11
Depreciation & Amortization	83.55	75.01	57.72	41.22	34.23	32.38
Stock-Based Compensation	12.76	10.76	8.53	7.6	10.37	8.6
Other Adjustments	25.97	23.87	34.85	29.6	21.86	18.14
Change in Receivables	-1.33	0.38	-1.7	0.63	-1.71	-0.54
Changes in Inventories	-1.03	-0.87	-0.51	-0.06	-1.01	-1.11
Changes in Accounts Payable	2.77	1.74	0.64	-1.3	-3.47	6.7
Changes in Accrued Expenses	7.7	9.62	2.18	9.89	1.44	12.34
Changes in Unearned Revenue	0.85	0.56	-0.14	-0.66	0.72	0.65
Changes in Other Operating Activities	-20.86	-14.58	-4.82	-16.98	-6.41	-12.08
Operating Cash Flow	128.24	125.91	115.67	95.34	62.94	62.97
Operating Cash Flow Growth	8.36%	8.85%	21.33%	51.48%	-0.05%	-

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 28, 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
Capital Expenditures	-149.12	-156.91	-127.92	-83.33	-62.22	-35.31
Purchases of Intangible Assets	-0.96	-0.85	-0.1	-0.16	-1.11	-0.37
Cash Acquisitions	-1.35	-56.01	-78.64	-39.88	-	-
Other Investing Activities	-	-	-	-	0.22	-
Investing Cash Flow	-151.42	-213.76	-206.65	-123.37	-63.11	-35.68

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 28, 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
Short-Term Debt Issued	702.5	443.5	22.5	30	-	-
Short-Term Debt Repaid	-668	-387.5	-52.5	-	-	-
Net Short-Term Debt Issued (Repaid)	34.5	56	-30	30	-	-
Long-Term Debt Issued	-	27.5	197.5	-	1.89	102.87
Long-Term Debt Repaid	-11.15	-8.91	-96.79	-7.56	-5.26	-292.12
Net Long-Term Debt Issued (Repaid)	-11.15	18.59	100.71	-7.56	-3.37	-189.25
Issuance of Common Stock	1.15	1.19	6.43	5.83	1.43	182.1
Net Common Stock Issued (Repurchased)	1.15	1.19	6.43	5.83	1.43	182.1
Other Financing Activities	-	-	-2.81	-0.2	-0.08	-7.12
Financing Cash Flow	24.49	75.79	74.33	28.07	-2.02	-14.27

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 28, 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
Net Cash Flow	1.31	-12.07	-16.65	0.04	-2.19	13.02

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 28, 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
Free Cash Flow	-20.88	-30.99	-12.24	12.01	0.72	27.66
Free Cash Flow Growth	-	-	-	1572.56%	-97.40%	-
FCF Margin	-1.58%	-2.54%	-1.21%	1.35%	0.10%	4.60%
Free Cash Flow Per Share	-0.34	-0.49	-0.20	0.20	0.01	0.56
Levered Free Cash Flow	-34.98	8.6	16.79	-3.38	-33.17	-187.79
Unlevered Free Cash Flow	-26.04	-41.37	-46.57	-22.17	-27.43	-123.1

SEC Filings: 10-K · 10-Q