First Watch Restaurant Group, Inc. (FWRG)
NASDAQ: FWRG · Real-Time Price · USD
11.78
-0.33 (-2.73%)
Sep 3, 2026, 3:55 PM EDT - Market open
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 25, 2022 | Dec '21 Dec 26, 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 |
Other Amortization | 0.68 | 0.66 | 0.57 | 0.45 | 0.45 | 1.09 |
Loss (Gain) From Sale of Assets | 0.45 | 0.45 | 0.53 | 0.86 | 0.92 | - |
Asset Writedown & Restructuring Costs | 0.13 | - | - | 0.5 | - | 0.38 |
Stock-Based Compensation | 12.76 | 10.76 | 8.53 | 7.6 | 10.37 | 8.6 |
Other Operating Activities | 24.71 | 22.76 | 33.76 | 27.79 | 20.5 | 16.67 |
Change in Accounts Receivable | -1.33 | 0.38 | -1.7 | 0.63 | -1.71 | -0.54 |
Change in Inventory | -1.03 | -0.87 | -0.51 | -0.06 | -1.01 | -1.11 |
Change in Accounts Payable | 2.77 | 1.74 | 0.64 | -1.3 | -3.47 | 6.7 |
Change in Unearned Revenue | 0.85 | 0.56 | -0.14 | -0.66 | 0.72 | 0.65 |
Change in Other Net Operating Assets | -13.11 | -4.96 | -2.63 | -7.08 | -4.97 | 0.26 |
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% | - |
Investing 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 25, 2022 | Dec '21 Dec 26, 2021 |
Capital Expenditures | -149.12 | -156.91 | -127.92 | -83.33 | -62.22 | -35.31 |
Cash Acquisitions | -1.35 | -56.01 | -78.64 | -39.88 | - | - |
Sale (Purchase) of Intangibles | -0.96 | -0.85 | -0.1 | -0.16 | -1.11 | -0.37 |
Other Investing Activities | - | - | - | - | 0.22 | - |
Investing Cash Flow | -151.42 | -213.76 | -206.65 | -123.37 | -63.11 | -35.68 |
Financing 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 25, 2022 | Dec '21 Dec 26, 2021 |
Short-Term Debt Issued | - | - | - | - | 1.89 | 2.87 |
Long-Term Debt Issued | - | 471 | 220 | 30 | - | 100 |
Total Debt Issued | 702.5 | 471 | 220 | 30 | 1.89 | 102.87 |
Short-Term Debt Repaid | - | - | - | -1.38 | -2.87 | -0.52 |
Long-Term Debt Repaid | - | -396.41 | -149.29 | -6.18 | -2.39 | -291.6 |
Total Debt Repaid | -679.15 | -396.41 | -149.29 | -7.56 | -5.26 | -292.12 |
Net Debt Issued (Repaid) | 23.35 | 74.59 | 70.71 | 22.44 | -3.37 | -189.25 |
Issuance of Common Stock | 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 |
Net Cash Flow
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 25, 2022 | Dec '21 Dec 26, 2021 |
Net Cash Flow | 1.31 | -12.07 | -16.65 | 0.04 | -2.19 | 13.02 |
Free Cash Flow
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 25, 2022 | Dec '21 Dec 26, 2021 |
Free Cash Flow | -20.88 | -30.99 | -12.24 | 12.01 | 0.72 | 27.66 |
Free Cash Flow Growth | - | - | - | 1572.56% | -97.40% | - |
Free Cash Flow 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 | 0.57 |
Levered Free Cash Flow | -42.84 | -61.1 | -38.3 | 1.74 | -8.37 | 25.23 |
Unlevered Free Cash Flow | -31.63 | -51.33 | -30.97 | 6.33 | -5.54 | 36.7 |
Additional Metrics
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 25, 2022 | Dec '21 Dec 26, 2021 |
Cash Interest Paid | 21.95 | 15.51 | 12.33 | 8.73 | 3.37 | 16.15 |
Cash Income Tax Paid | 3.14 | 2.56 | 3.11 | 1.95 | 0.92 | 0.08 |
Change in Working Capital | -11.85 | -3.16 | -4.34 | -8.47 | -10.44 | 5.96 |