FWRG
First Watch Restaurant Group, Inc.
Price Chart
No historical data available
Latest Quote
$12.68
+0.17 (+1.36%)
Current Price
| Previous Close | $12.51 |
| Open | $12.43 |
| Day High | $12.77 |
| Day Low | $12.25 |
| Volume | 827,913 |
Stock Information
| Shares Outstanding | 61.71M |
| Total Debt | $1.07B |
| Cash Equivalents | $20.48M |
| Revenue | $1.32B |
| Net Income | $17.81M |
| Sector | Consumer Cyclical |
| Industry | Restaurants |
| Market Cap | $782.51M |
| P/E Ratio | 45.29 |
| EPS (TTM) | $0.28 |
| Exchange | NMS |
Recent Price History
No history data available. Data will be fetched automatically.
About First Watch Restaurant Group, Inc.
First Watch Restaurant Group, Inc., through its subsidiaries, operates and franchises restaurants under the First Watch trade name in the United States. The company was formerly known as AI Fresh Super Holdco, Inc. and changed its name to First Watch Restaurant Group, Inc. in December 2019. First Watch Restaurant Group, Inc. was founded in 1983 and is based in Bradenton, Florida.
đ° Latest News
No news articles available at the moment. Check back later for updates on FWRG.
Period:
Loading...
Income Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Revenue | ||||
| Reconciled Cost Of Revenue | $988,048,000 | $802,906,000 | $701,434,000 | $590,627,000 |
| Cost Of Revenue | $988,048,000 | $802,906,000 | $701,434,000 | $590,627,000 |
| Total Revenue | $1,222,501,000 | $1,015,910,000 | $891,551,000 | $730,162,000 |
| Operating Revenue | $1,222,501,000 | $1,015,910,000 | $891,551,000 | $730,162,000 |
| Expenses | ||||
| Interest Expense | $16,699,000 | $12,640,000 | $8,063,000 | $5,232,000 |
| Total Expenses | $1,192,009,000 | $973,891,000 | $845,778,000 | $709,816,000 |
| Rent Expense Supplemental | $100,788,000 | $82,694,000 | $68,400,000 | $59,919,000 |
| Other Income Expense | $-1,660,000 | $-1,353,000 | $-1,635,000 | $-2,523,000 |
| Other Non Operating Income Expenses | $1,321,000 | $1,759,000 | $2,871,000 | $910,000 |
| Net Non Operating Interest Income Expense | $-16,699,000 | $-12,640,000 | $-8,063,000 | $-5,232,000 |
| Interest Expense Non Operating | $16,699,000 | $12,640,000 | $8,063,000 | $5,232,000 |
| Operating Expense | $203,961,000 | $170,985,000 | $144,344,000 | $119,189,000 |
| General And Administrative Expense | $128,950,000 | $113,270,000 | $103,121,000 | $84,959,000 |
| Other Operating Expenses | - | - | - | - |
| Income & Earnings | ||||
| Net Income From Continuing Operation Net Minority Interest | $19,432,000 | $18,925,000 | $25,385,000 | $6,907,000 |
| Net Interest Income | $-16,699,000 | $-12,640,000 | $-8,063,000 | $-5,232,000 |
| Normalized Income | $21,786,990 | $21,025,600 | $28,557,224 | $9,619,070 |
| Net Income From Continuing And Discontinued Operation | $19,432,000 | $18,925,000 | $25,385,000 | $6,907,000 |
| Total Operating Income As Reported | $27,511,000 | $38,907,000 | $41,267,000 | $16,913,000 |
| Net Income Common Stockholders | $19,432,000 | $18,925,000 | $25,385,000 | $6,907,000 |
| Net Income | $19,432,000 | $18,925,000 | $25,385,000 | $6,907,000 |
| Net Income Including Noncontrolling Interests | $19,432,000 | $18,925,000 | $25,385,000 | $6,907,000 |
| Net Income Continuous Operations | $19,432,000 | $18,925,000 | $25,385,000 | $6,907,000 |
| Pretax Income | $12,133,000 | $28,026,000 | $36,075,000 | $12,591,000 |
| Special Income Charges | $-2,981,000 | $-3,112,000 | $-4,506,000 | $-3,433,000 |
| Operating Income | $30,492,000 | $42,019,000 | $45,773,000 | $20,346,000 |
| Depreciation Amortization Depletion Income Statement | $75,011,000 | $57,715,000 | $41,223,000 | $34,230,000 |
| Depreciation And Amortization In Income Statement | $75,011,000 | $57,715,000 | $41,223,000 | $34,230,000 |
| Gross Profit | $234,453,000 | $213,004,000 | $190,117,000 | $139,535,000 |
| Per Share | ||||
| Diluted EPS | $0.31 | $0.30 | $0.41 | $0.11 |
| Basic EPS | $0.32 | $0.31 | $0.43 | $0.12 |
| Other | ||||
| Tax Effect Of Unusual Items | $-626,010 | $-1,011,400 | $-1,333,776 | $-720,930 |
| Tax Rate For Calcs | $0 | $0 | $0 | $0 |
| Normalized EBITDA (Bullshit earnings) | $106,824,000 | $101,493,000 | $89,867,000 | $55,486,000 |
| Total Unusual Items | $-2,981,000 | $-3,112,000 | $-4,506,000 | $-3,433,000 |
| Total Unusual Items Excluding Goodwill | $-2,981,000 | $-3,112,000 | $-4,506,000 | $-3,433,000 |
| Reconciled Depreciation | $75,011,000 | $57,715,000 | $41,223,000 | $34,230,000 |
| EBITDA (Bullshit earnings) | $103,843,000 | $98,381,000 | $85,361,000 | $52,053,000 |
| EBIT | $28,832,000 | $40,666,000 | $44,138,000 | $17,823,000 |
| Diluted Average Shares | $62,842,519 | $62,351,222 | $61,191,613 | $60,140,045 |
| Basic Average Shares | $60,963,587 | $60,365,393 | $59,531,404 | $59,097,512 |
| Diluted NI Availto Com Stockholders | $19,432,000 | $18,925,000 | $25,385,000 | $6,907,000 |
| Tax Provision | $-7,299,000 | $9,101,000 | $10,690,000 | $5,684,000 |
| Other Special Charges | $1,306,000 | $1,527,000 | $1,158,000 | $1,957,000 |
| Impairment Of Capital Assets | $448,000 | $525,000 | $1,359,000 | $920,000 |
| Restructuring And Mergern Acquisition | $1,227,000 | $1,060,000 | $1,989,000 | $556,000 |
| Selling General And Administration | $128,950,000 | $113,270,000 | $103,121,000 | $84,959,000 |
| Other Gand A | $128,950,000 | $113,270,000 | $103,121,000 | $84,959,000 |
| Minority Interests | - | - | - | - |
Fetched: 2026-08-16
Balance Sheet (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Assets | ||||
| Net Tangible Assets | $31,163,000 | $29,228,000 | $50,215,000 | $34,765,000 |
| Total Assets | $1,742,029,000 | $1,514,356,000 | $1,267,045,000 | $1,104,446,000 |
| Total Non Current Assets | $1,692,949,000 | $1,458,480,000 | $1,195,855,000 | $1,037,158,000 |
| Other Non Current Assets | $4,834,000 | $3,251,000 | $1,703,000 | $1,298,000 |
| Goodwill And Other Intangible Assets | $595,116,000 | $566,161,000 | $511,069,000 | $488,370,000 |
| Other Intangible Assets | $174,908,000 | $167,596,000 | $151,186,000 | $143,151,000 |
| Current Assets | $49,080,000 | $55,876,000 | $71,190,000 | $67,288,000 |
| Other Current Assets | $5,856,000 | $2,204,000 | $2,365,000 | $373,000 |
| Prepaid Assets | $7,945,000 | $7,008,000 | $7,494,000 | $5,800,000 |
| Inventory | $7,174,000 | $6,117,000 | $5,381,000 | $5,028,000 |
| Receivables | $6,859,000 | $7,235,000 | $5,532,000 | $6,164,000 |
| Other Receivables | $3,884,000 | $4,803,000 | $2,583,000 | $4,114,000 |
| Accounts Receivable | $2,975,000 | $2,432,000 | $2,949,000 | $2,050,000 |
| Cash Cash Equivalents And Short Term Investments | $21,246,000 | $33,312,000 | $49,632,000 | $49,672,000 |
| Cash And Cash Equivalents | $21,246,000 | $33,312,000 | $49,632,000 | $49,672,000 |
| Hedging Assets Current | - | $20,000 | $457,000 | $0 |
| Restricted Cash | - | $0 | $329,000 | $251,000 |
| Debt | ||||
| Net Debt | $261,134,000 | $164,959,000 | $75,763,000 | $52,629,000 |
| Total Debt | $1,008,668,000 | $809,551,000 | $606,966,000 | $507,350,000 |
| Long Term Debt And Capital Lease Obligation | $920,325,000 | $744,619,000 | $561,057,000 | $460,781,000 |
| Long Term Debt | $269,071,000 | $189,043,000 | $119,767,000 | $94,668,000 |
| Current Debt And Capital Lease Obligation | $88,343,000 | $64,932,000 | $45,909,000 | $46,569,000 |
| Current Debt | $13,309,000 | $9,228,000 | $5,628,000 | $7,633,000 |
| Other Current Borrowings | $13,309,000 | $9,228,000 | $5,628,000 | $6,257,000 |
| Liabilities | ||||
| Total Liabilities Net Minority Interest | $1,115,750,000 | $918,967,000 | $705,761,000 | $581,311,000 |
| Total Non Current Liabilities Net Minority Interest | $948,251,000 | $780,495,000 | $590,688,000 | $481,331,000 |
| Other Non Current Liabilities | $5,397,000 | $3,155,000 | $2,954,000 | $3,384,000 |
| Derivative Product Liabilities | $557,000 | $503,000 | $1,346,000 | $0 |
| Non Current Deferred Liabilities | $21,972,000 | $32,218,000 | $25,331,000 | $17,166,000 |
| Non Current Deferred Taxes Liabilities | $21,972,000 | $32,218,000 | $25,331,000 | $17,166,000 |
| Current Liabilities | $167,499,000 | $138,472,000 | $115,073,000 | $99,980,000 |
| Other Current Liabilities | $900,000 | $105,000 | - | - |
| Current Deferred Liabilities | $6,778,000 | $5,623,000 | $5,499,000 | $5,193,000 |
| Payables And Accrued Expenses | $43,150,000 | $44,047,000 | $40,361,000 | $28,790,000 |
| Payables | $18,960,000 | $15,710,000 | $13,409,000 | $12,332,000 |
| Total Tax Payable | $10,259,000 | $8,749,000 | $7,085,000 | $4,742,000 |
| Accounts Payable | $8,701,000 | $6,961,000 | $6,324,000 | $7,590,000 |
| Interest Payable | - | $267,000 | $401,000 | $1,506,000 |
| Current Notes Payable | - | - | $0 | $1,376,000 |
| Equity | ||||
| Common Stock Equity | $626,279,000 | $595,389,000 | $561,284,000 | $523,135,000 |
| Total Equity Gross Minority Interest | $626,279,000 | $595,389,000 | $561,284,000 | $523,135,000 |
| Stockholders Equity | $626,279,000 | $595,389,000 | $561,284,000 | $523,135,000 |
| Gains Losses Not Affecting Retained Earnings | $-1,095,000 | $-441,000 | $-667,000 | $0 |
| Other Equity Adjustments | $-1,095,000 | $-441,000 | $-667,000 | - |
| Retained Earnings | $-34,390,000 | $-53,822,000 | $-72,747,000 | $-98,132,000 |
| Other | ||||
| Ordinary Shares Number | $61,131,978 | $60,700,090 | $59,891,705 | $59,211,019 |
| Share Issued | $61,131,978 | $60,700,090 | $59,891,705 | $59,211,019 |
| Tangible Book Value | $31,163,000 | $29,228,000 | $50,215,000 | $34,765,000 |
| Invested Capital | $908,659,000 | $793,660,000 | $686,679,000 | $625,436,000 |
| Working Capital | $-118,419,000 | $-82,596,000 | $-43,883,000 | $-32,692,000 |
| Capital Lease Obligations | $726,288,000 | $611,280,000 | $481,571,000 | $405,049,000 |
| Total Capitalization | $895,350,000 | $784,432,000 | $681,051,000 | $617,803,000 |
| Additional Paid In Capital | $661,153,000 | $649,045,000 | $634,099,000 | $620,675,000 |
| Capital Stock | $611,000 | $607,000 | $599,000 | $592,000 |
| Common Stock | $611,000 | $607,000 | $599,000 | $592,000 |
| Preferred Stock | $0 | $0 | $0 | $0 |
| Long Term Capital Lease Obligation | $651,254,000 | $555,576,000 | $441,290,000 | $366,113,000 |
| Current Deferred Revenue | $6,778,000 | $5,623,000 | $5,499,000 | $5,193,000 |
| Current Capital Lease Obligation | $75,034,000 | $55,704,000 | $40,281,000 | $38,936,000 |
| Pensionand Other Post Retirement Benefit Plans Current | $28,328,000 | $23,765,000 | $23,304,000 | $17,899,000 |
| Current Accrued Expenses | $24,190,000 | $28,337,000 | $26,952,000 | $16,458,000 |
| Goodwill | $420,208,000 | $398,565,000 | $359,883,000 | $345,219,000 |
| Net PPE | $1,092,999,000 | $889,068,000 | $683,083,000 | $547,490,000 |
| Accumulated Depreciation | $-285,706,000 | $-229,227,000 | $-181,481,000 | $-145,720,000 |
| Gross PPE | $1,378,705,000 | $1,118,295,000 | $864,564,000 | $693,210,000 |
| Leases | $434,438,000 | $324,389,000 | $240,976,000 | $178,893,000 |
| Construction In Progress | $36,144,000 | $34,779,000 | $17,474,000 | $10,482,000 |
| Other Properties | $626,279,000 | $532,986,000 | $423,145,000 | $355,439,000 |
| Machinery Furniture Equipment | $279,300,000 | $223,597,000 | $180,425,000 | $145,852,000 |
| Buildings And Improvements | $1,354,000 | $1,354,000 | $1,354,000 | $1,354,000 |
| Land And Improvements | $1,190,000 | $1,190,000 | $1,190,000 | $1,190,000 |
| Properties | $0 | $0 | $0 | $0 |
| Current Provisions | - | - | $1,593,000 | $1,529,000 |
Fetched: 2026-08-16
Cash Flow Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Free Cash Flow | ||||
| Free Cash Flow | $-31,844,000 | $-12,342,000 | $11,848,000 | $-393,000 |
| Operating Activities | ||||
| Operating Cash Flow | $125,912,000 | $115,673,000 | $95,338,000 | $62,937,000 |
| Cash Flow From Continuing Operating Activities | $125,912,000 | $115,673,000 | $95,338,000 | $62,937,000 |
| Operating Gains Losses | - | $358,000 | - | - |
| Investing Activities | ||||
| Capital Expenditure | $-157,756,000 | $-128,015,000 | $-83,490,000 | $-63,330,000 |
| Investing Cash Flow | $-213,764,000 | $-206,653,000 | $-123,370,000 | $-63,111,000 |
| Cash Flow From Continuing Investing Activities | $-213,764,000 | $-206,653,000 | $-123,370,000 | $-63,111,000 |
| Capital Expenditure Reported | $-156,906,000 | $-127,915,000 | $-83,329,000 | $-62,219,000 |
| Net Other Investing Changes | - | $34,000 | $1,198,000 | $219,000 |
| Financing Activities | ||||
| Financing Cash Flow | $75,786,000 | $74,331,000 | $28,070,000 | $-2,018,000 |
| Cash Flow From Continuing Financing Activities | $75,786,000 | $74,331,000 | $28,070,000 | $-2,018,000 |
| Net Other Financing Charges | - | $-2,805,000 | $-198,000 | $-78,000 |
| Issuance Of Capital Stock | - | - | $0 | $0 |
| Net Common Stock Issuance | - | - | $0 | $0 |
| Common Stock Issuance | - | - | $0 | $0 |
| Net Preferred Stock Issuance | - | - | - | $0 |
| Preferred Stock Issuance | - | - | - | $0 |
| Other | ||||
| Repayment Of Debt | $-396,407,000 | $-149,293,000 | $-7,559,000 | $-5,257,000 |
| Issuance Of Debt | $471,000,000 | $220,000,000 | $30,000,000 | $1,892,000 |
| Interest Paid Supplemental Data | $15,507,000 | $12,328,000 | $8,725,000 | $3,368,000 |
| Income Tax Paid Supplemental Data | $2,562,000 | $3,108,000 | $1,952,000 | $915,000 |
| End Cash Position | $21,246,000 | $33,312,000 | $49,961,000 | $49,923,000 |
| Beginning Cash Position | $33,312,000 | $49,961,000 | $49,923,000 | $52,115,000 |
| Changes In Cash | $-12,066,000 | $-16,649,000 | $38,000 | $-2,192,000 |
| Proceeds From Stock Option Exercised | $1,193,000 | $6,429,000 | $5,827,000 | $1,425,000 |
| Net Issuance Payments Of Debt | $74,593,000 | $70,707,000 | $22,441,000 | $-3,365,000 |
| Net Long Term Debt Issuance | $74,593,000 | $70,707,000 | $22,441,000 | $-3,365,000 |
| Long Term Debt Payments | $-396,407,000 | $-149,293,000 | $-7,559,000 | $-5,257,000 |
| Long Term Debt Issuance | $471,000,000 | $220,000,000 | $30,000,000 | $1,892,000 |
| Net Business Purchase And Sale | $-56,008,000 | $-78,638,000 | $-39,880,000 | $0 |
| Purchase Of Business | $-56,008,000 | $-78,638,000 | $-39,880,000 | $0 |
| Net Intangibles Purchase And Sale | $-850,000 | $-100,000 | $-161,000 | $-1,111,000 |
| Purchase Of Intangibles | $-850,000 | $-100,000 | $-161,000 | $-1,111,000 |
| Change In Working Capital | $-3,158,000 | $-4,344,000 | $-8,472,000 | $-10,436,000 |
| Change In Other Working Capital | $555,000 | $-136,000 | $-657,000 | $719,000 |
| Change In Other Current Liabilities | $-8,056,000 | $-5,401,000 | $-11,767,000 | $-7,357,000 |
| Change In Payables And Accrued Expense | $11,357,000 | $2,818,000 | $8,593,000 | $-2,028,000 |
| Change In Accrued Expense | $9,617,000 | $2,181,000 | $9,894,000 | $1,442,000 |
| Change In Payable | $1,740,000 | $637,000 | $-1,301,000 | $-3,470,000 |
| Change In Account Payable | $1,740,000 | $637,000 | $-1,301,000 | $-3,470,000 |
| Change In Prepaid Assets | $-6,523,000 | $586,000 | $-5,211,000 | $-123,000 |
| Change In Inventory | $-867,000 | $-508,000 | $-62,000 | $-1,005,000 |
| Change In Receivables | $376,000 | $-1,703,000 | $632,000 | $-1,714,000 |
| Changes In Account Receivables | $376,000 | $-1,703,000 | $632,000 | $-1,714,000 |
| Other Non Cash Items | $33,450,000 | $27,146,000 | $19,924,000 | $16,265,000 |
| Stock Based Compensation | $10,760,000 | $8,525,000 | $7,604,000 | $10,374,000 |
| Asset Impairment Charge | $448,000 | $525,000 | $1,359,000 | $920,000 |
| Deferred Tax | $-10,031,000 | $6,823,000 | $8,315,000 | $4,677,000 |
| Deferred Income Tax | $-10,031,000 | $6,823,000 | $8,315,000 | $4,677,000 |
| Depreciation Amortization Depletion | $75,011,000 | $57,715,000 | $41,223,000 | $34,230,000 |
| Depreciation And Amortization | $75,011,000 | $57,715,000 | $41,223,000 | $34,230,000 |
| Net Income From Continuing Operations | $19,432,000 | $18,925,000 | $25,385,000 | $6,907,000 |
| Net Short Term Debt Issuance | - | $22,500,000 | $-1,376,000 | $-976,000 |
| Short Term Debt Issuance | - | $22,500,000 | $0 | $1,892,000 |
| Change In Other Current Assets | - | $111,000 | $-2,342,000 | $1,072,000 |
| Short Term Debt Payments | - | - | $-1,376,000 | $-2,868,000 |
| Amortization Cash Flow | - | - | - | $1,000 |
| Amortization Of Intangibles | - | - | - | $1,000 |
| Depreciation | - | - | - | $33,300 |
Fetched: 2026-08-16