First Watch Restaurant Group, Inc. financial data

Symbol
FWRG on Nasdaq
Location
Bradenton, FL
Fiscal year end
28 December
Latest financial report
10-K - Q4 2025 - 24 Feb 2026

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 28% % -46%
Quick Ratio 4.1% % -7.8%
Debt-to-equity 175% % 22%
Return On Equity 3.2% % -0.97%
Return On Assets 1.2% % -12%
Operating Margin 2.2% % -41%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 61,138,143 shares 0.72%
Common Stock, Shares, Outstanding 60,700,090 shares 0%
Entity Public Float $733,400,000 USD 29%
Common Stock, Value, Issued $611,000 USD 0.66%
Weighted Average Number of Shares Outstanding, Basic 60,963,587 shares 0.99%
Weighted Average Number of Shares Outstanding, Diluted 62,842,519 shares 0.79%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax $1,222,501,000 USD 20%
General and Administrative Expense $128,950,000 USD 14%
Costs and Expenses $1,194,990,000 USD 22%
Operating Income (Loss) $27,511,000 USD -29%
Nonoperating Income (Expense) $1,321,000 USD -25%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest $12,133,000 USD -57%
Income Tax Expense (Benefit) $7,299,000 USD -180%
Net Income (Loss) Attributable to Parent $19,432,000 USD 2.7%
Earnings Per Share, Basic 0.32 USD/shares 3.2%
Earnings Per Share, Diluted 0.31 USD/shares 3.3%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value $21,246,000 USD -36%
Accounts Receivable, after Allowance for Credit Loss, Current $6,859,000 USD -5.2%
Inventory, Net $7,174,000 USD 17%
Other Assets, Current $5,856,000 USD 166%
Assets, Current $49,080,000 USD -12%
Operating Lease, Right-of-Use Asset $614,548,000 USD 16%
Intangible Assets, Net (Excluding Goodwill) $174,908,000 USD 4.4%
Goodwill $420,208,000 USD 5.4%
Other Assets, Noncurrent $4,834,000 USD 49%
Assets $1,742,029,000 USD 15%
Accounts Payable, Current $8,701,000 USD 25%
Employee-related Liabilities, Current $24,281,000 USD 14%
Accrued Liabilities, Current $38,496,000 USD -2.8%
Contract with Customer, Liability, Current $6,778,000 USD 21%
Liabilities, Current $167,499,000 USD 21%
Long-term Debt and Lease Obligation $269,071,000 USD 42%
Deferred Income Tax Liabilities, Net $21,972,000 USD -32%
Operating Lease, Liability, Noncurrent $651,254,000 USD 17%
Other Liabilities, Noncurrent $5,397,000 USD 71%
Liabilities $1,115,750,000 USD 21%
Accumulated Other Comprehensive Income (Loss), Net of Tax $1,095,000 USD -148%
Retained Earnings (Accumulated Deficit) $34,390,000 USD 36%
Stockholders' Equity Attributable to Parent $626,279,000 USD 5.2%
Liabilities and Equity $1,742,029,000 USD 15%

Popular Metrics

Label TTM Value / Value Unit Change %
Common Stock, Shares Authorized 300,000,000 shares 0%
Common Stock, Shares, Issued 61,131,978 shares 0%
Common Stock, Par or Stated Value Per Share 0.01 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $20,714,000 USD -59%
Deferred Tax Assets, Valuation Allowance $54,365,000 USD -5.7%
Operating Lease, Liability $726,288,000 USD 19%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent $18,778,000 USD -1.9%
Lessee, Operating Lease, Liability, to be Paid $1,173,071,000 USD 16%
Operating Lease, Liability, Current $75,034,000 USD 35%
Lessee, Operating Lease, Liability, to be Paid, Year Two $88,264,000 USD 17%
Lessee, Operating Lease, Liability, to be Paid, Year One $77,739,000 USD 34%
Operating Lease, Weighted Average Discount Rate, Percent 0.078 pure 1.3%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount $446,783,000 USD 11%
Lessee, Operating Lease, Liability, to be Paid, Year Three $90,268,000 USD 20%
Deferred Tax Assets, Operating Loss Carryforwards $5,504,000 USD -68%
Preferred Stock, Shares Issued 0 shares
Preferred Stock, Shares Authorized 10,000,000 shares 0%
Lessee, Operating Lease, Liability, to be Paid, Year Four $90,009,000 USD 20%
Additional Paid in Capital $661,153,000 USD 1.9%
Preferred Stock, Shares Outstanding 0 shares
Deferred Tax Assets, Net of Valuation Allowance $215,972,000 USD 17%
Preferred Stock, Par or Stated Value Per Share 0.01 USD/shares 0%