First Watch Restaurant Group, Inc. (FWRG)
NASDAQ: FWRG · Real-Time Price · USD
12.94
-0.62 (-4.57%)
Nov 12, 2026, 4:00 PM EST - Market closed
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 | Sep '26 Sep 27, 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 |
| 1,352 | 1,223 | 1,016 | 891.55 | 730.16 | 601.19 | |
Revenue Growth | 15.60% | 20.34% | 13.95% | 22.10% | 21.45% | 75.59% |
Cost of Revenue | 1,074 | 975.12 | 792.8 | 694.26 | 585.21 | 473.65 |
Gross Profit | 278.02 | 247.39 | 223.11 | 197.29 | 144.95 | 127.55 |
Selling, General & Admin | 144.07 | 125.67 | 111.22 | 102.2 | 82.34 | 64.52 |
Operating Expenses | 243.45 | 213.62 | 179.05 | 150.6 | 121.98 | 100.21 |
Operating Income | 34.57 | 33.77 | 44.07 | 46.69 | 22.97 | 27.33 |
Interest Expense | -19.4 | -16.7 | -12.64 | -8.06 | -5.23 | -20.1 |
Other Non Operating Income (Expenses) | 0.89 | 1.19 | 2.62 | 2.32 | 0.63 | -1.78 |
EBT Excluding Unusual Items | 16.06 | 18.26 | 34.05 | 40.95 | 18.37 | 5.46 |
Merger & Restructuring Charges | -2.74 | -4.38 | -3.44 | -2.95 | -2.32 | -0 |
Gain (Loss) on Sale of Assets | -0.57 | -0.45 | -0.53 | -0.86 | -0.92 | -0.38 |
Asset Writedown | - | - | - | -0.5 | - | - |
Other Unusual Items | -1.91 | -1.31 | -2.06 | -1.18 | -2.54 | -4.71 |
Pretax Income | 10.83 | 12.13 | 28.03 | 36.08 | 12.59 | 0.37 |
Income Tax Expense | -8.77 | -7.3 | 9.1 | 10.69 | 5.68 | 2.48 |
Earnings From Continuing Operations | 19.61 | 19.43 | 18.93 | 25.39 | 6.91 | -2.11 |
Net Income | 19.61 | 19.43 | 18.93 | 25.39 | 6.91 | -2.11 |
Net Income to Common | 19.61 | 19.43 | 18.93 | 25.39 | 6.91 | -2.11 |
Net Income Growth | 294.70% | 2.68% | -25.45% | 267.53% | - | - |
Shares Outstanding (Basic) | 61 | 61 | 60 | 60 | 59 | 48 |
Shares Outstanding (Diluted) | 63 | 63 | 62 | 61 | 60 | 48 |
Shares Change | 0.00% | 0.79% | 1.90% | 1.75% | 24.74% | 7.11% |
EPS (Basic) | 0.32 | 0.32 | 0.31 | 0.43 | 0.12 | -0.04 |
EPS (Diluted) | 0.31 | 0.31 | 0.30 | 0.41 | 0.11 | -0.04 |
EPS Growth | 287.67% | 3.33% | -26.83% | 272.73% | - | - |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 27, 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 | -21.16 | -30.99 | -12.24 | 12.01 | 0.72 | 27.66 |
Free Cash Flow Per Share | -0.34 | -0.49 | -0.20 | 0.20 | 0.01 | 0.57 |
Gross Margin | 20.57% | 20.24% | 21.96% | 22.13% | 19.85% | 21.21% |
Operating Margin | 2.56% | 2.76% | 4.34% | 5.24% | 3.15% | 4.55% |
Profit Margin | 1.45% | 1.59% | 1.86% | 2.85% | 0.95% | -0.35% |
Free Cash Flow Margin | -1.57% | -2.54% | -1.21% | 1.35% | 0.10% | 4.60% |
EBITDA | 121.16 | 108.78 | 101.78 | 87.91 | 57.2 | 59.71 |
EBITDA Margin | 8.96% | 8.90% | 10.02% | 9.86% | 7.83% | 9.93% |
D&A For EBITDA | 86.59 | 75.01 | 57.72 | 41.22 | 34.23 | 32.38 |
EBIT | 34.57 | 33.77 | 44.07 | 46.69 | 22.97 | 27.33 |
EBIT Margin | 2.56% | 2.76% | 4.34% | 5.24% | 3.15% | 4.55% |
Effective Tax Rate | - | - | 32.47% | 29.63% | 45.14% | 669.46% |
Revenue as Reported | 1,352 | 1,223 | 1,016 | 891.55 | 730.16 | 601.19 |
Advertising Expenses | - | 16.5 | 8.5 | 7.2 | 6.4 | 4.8 |