First Watch Restaurant Group, Inc.
NASDAQ:FWRG
18.66 (USD) • At close September 4, 2025
Overview | Financials
Numbers are in millions (except for per share data and ratios) USD.
| 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 | 2023 Q1 | 2022 Q4 | 2022 Q3 | 2022 Q2 | 2022 Q1 | 2021 Q4 | 2021 Q3 | 2021 Q2 | 2021 Q1 | 2020 Q4 | 2020 Q3 | 2020 Q2 | 2020 Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue
| 307.887 | 282.24 | 263.291 | 251.609 | 258.561 | 242.449 | 244.633 | 219.212 | 216.3 | 211.406 | 185.745 | 186.852 | 184.453 | 173.112 | 162.62 | 157.441 | 153.963 | 127.169 | 109.393 | 99.749 | 66.623 | 66.623 |
| Cost of Revenue
| 248.207 | 66.647 | 211.975 | 199.962 | 214.047 | 201.717 | 194.249 | 175.13 | 168.189 | 163.866 | 152.688 | 160.785 | 157.003 | 137.23 | 130.296 | 124.842 | 117.633 | 103.45 | 93.867 | 89.176 | 63.377 | 63.377 |
| Gross Profit
| 59.68 | 215.593 | 51.316 | 51.647 | 44.514 | 40.732 | 50.384 | 44.082 | 48.111 | 47.54 | 33.057 | 26.067 | 27.45 | 35.882 | 32.324 | 32.599 | 36.33 | 23.719 | 15.526 | 10.573 | 3.247 | 3.247 |
| Gross Profit Ratio
| 0.194 | 0.764 | 0.195 | 0.205 | 0.172 | 0.168 | 0.206 | 0.201 | 0.222 | 0.225 | 0.178 | 0.14 | 0.149 | 0.207 | 0.199 | 0.207 | 0.236 | 0.187 | 0.142 | 0.106 | 0.049 | 0.049 |
| Reseach & Development Expenses
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| General & Administrative Expenses
| 33.185 | 30.219 | 30.743 | 27.68 | 27.189 | 27.658 | 29.953 | 25.179 | 25.284 | 22.705 | 21.765 | 21.689 | 21.942 | 19.563 | 26.028 | 17.019 | 15.388 | 11.953 | 12.697 | 11.347 | 10.553 | 10.553 |
| Selling & Marketing Expenses
| 0 | 0 | 0.849 | 0 | -0.232 | -0.617 | 0 | 0 | 0 | 0 | 0 | -1.131 | -0.957 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A
| 33.185 | 30.219 | 31.592 | 27.68 | 26.957 | 27.041 | 29.953 | 25.179 | 25.284 | 22.705 | 21.765 | 20.558 | 20.985 | 19.563 | 26.028 | 17.019 | 15.388 | 11.953 | 12.697 | 11.347 | 10.553 | 10.553 |
| Other Expenses
| 19.182 | 184.261 | 15.863 | 17.654 | 0 | 0 | 0.921 | 0.771 | 0.685 | 9.504 | 9.813 | 0.116 | 0.116 | 8.223 | -2.31 | 0.215 | 0.067 | 0.254 | 0.078 | 0.045 | 0 | 0 |
| Operating Expenses
| 52.367 | 214.48 | 47.455 | 45.334 | 26.957 | 27.041 | 42.184 | 35.613 | 36.469 | 32.209 | 31.578 | 20.558 | 20.985 | 27.786 | 35.179 | 25.348 | 23.979 | 19.739 | 20.48 | 19.196 | 20.005 | 20.005 |
| Operating Income
| 7.313 | 1.113 | 3.861 | 6.313 | 17.557 | 13.691 | 6.855 | 7.738 | 11.343 | 15.331 | 1.479 | 5.509 | 6.465 | 7.76 | -1.067 | 7.153 | 12.312 | 3.845 | -4.729 | -8.616 | -14.821 | -14.821 |
| Operating Income Ratio
| 0.024 | 0.004 | 0.015 | 0.025 | 0.068 | 0.056 | 0.028 | 0.035 | 0.052 | 0.073 | 0.008 | 0.029 | 0.035 | 0.045 | -0.007 | 0.045 | 0.08 | 0.03 | -0.043 | -0.086 | -0.222 | -0.222 |
| Total Other Income Expenses Net
| -3.737 | -2.65 | -3.123 | -2.817 | -2.668 | -2.273 | -1.35 | -1.077 | -1.352 | -1.413 | -1.223 | -1.246 | -1.01 | -0.843 | -3.753 | -5.836 | -6.222 | -6.062 | -6.238 | -5.787 | -5.154 | -5.154 |
| Income Before Tax
| 3.576 | -1.537 | 0.738 | 3.496 | 13.779 | 10.013 | 5.505 | 6.661 | 9.991 | 13.918 | 0.256 | 1.375 | 4.043 | 6.917 | -4.82 | 1.317 | 6.09 | -2.217 | -10.967 | -14.403 | -22.092 | -22.092 |
| Income Before Tax Ratio
| 0.012 | -0.005 | 0.003 | 0.014 | 0.053 | 0.041 | 0.023 | 0.03 | 0.046 | 0.066 | 0.001 | 0.007 | 0.022 | 0.04 | -0.03 | 0.008 | 0.04 | -0.017 | -0.1 | -0.144 | -0.332 | -0.332 |
| Income Tax Expense
| 1.47 | 0.708 | 0.039 | -1.384 | 4.879 | 2.799 | 2.857 | 1.243 | 2.032 | 4.558 | 0.742 | 1.329 | 1.336 | 2.277 | -0.167 | 0.534 | 2.285 | -0.175 | -3.849 | -3.262 | 6.381 | 6.381 |
| Net Income
| 2.106 | -2.245 | 0.699 | 4.88 | 8.9 | 7.214 | 2.648 | 5.418 | 7.959 | 9.36 | -0.486 | 0.046 | 2.707 | 4.64 | -4.653 | 0.783 | 3.805 | -2.042 | -7.118 | -11.141 | -15.711 | -15.711 |
| Net Income Ratio
| 0.007 | -0.008 | 0.003 | 0.019 | 0.034 | 0.03 | 0.011 | 0.025 | 0.037 | 0.044 | -0.003 | 0 | 0.015 | 0.027 | -0.029 | 0.005 | 0.025 | -0.016 | -0.065 | -0.112 | -0.236 | -0.236 |
| EPS
| 0.03 | -0.01 | 0.012 | 0.081 | 0.15 | 0.12 | 0.044 | 0.091 | 0.13 | 0.16 | -0.008 | 0.001 | 0.046 | 0.079 | -0.081 | 0.014 | 0.066 | -0.035 | -0.12 | -0.19 | -0.35 | -0.35 |
| EPS Diluted
| 0.03 | -0.01 | 0.011 | 0.079 | 0.14 | 0.12 | 0.043 | 0.088 | 0.13 | 0.15 | -0.008 | 0.001 | 0.045 | 0.077 | -0.081 | 0.014 | 0.066 | -0.035 | -0.12 | -0.19 | -0.35 | -0.35 |
| EBITDA
| 25.715 | 11.686 | 19.712 | 22.09 | 32.089 | 25.758 | 19.386 | 24.081 | 23.08 | 24.942 | 10.922 | 13.057 | 14.001 | 16.831 | 8.507 | 15.58 | 20.942 | 14.951 | 2.972 | 2.14 | -7.307 | -7.307 |
| EBITDA Ratio
| 0.084 | 0.041 | 0.075 | 0.088 | 0.124 | 0.106 | 0.079 | 0.11 | 0.107 | 0.118 | 0.059 | 0.07 | 0.076 | 0.097 | 0.052 | 0.099 | 0.136 | 0.118 | 0.027 | 0.021 | -0.11 | -0.11 |