FWRGNasdaqRetail-Eating PlacesFiscal year ends December 28

First Watch Restaurant Group, Inc.

Financials through Q2 FY2026, quarter ended Jun 28, 2026Last filing: 10-Q on Aug 4, 2026

$12.16+0.04 (+0.33%)

Close on Oct 19, 2026

Market cap: $757.53M
P/E (TTM): 41.9
Dividend yield: –

First Watch Restaurant Group, Inc. income statement

Annual Quarterly TTM

Millions of USD, except per-share data. Shares in millions.

Line item	FY 2025 2025-12-28	FY 2024 2024-12-29	FY 2023 2023-12-31	FY 2022 2022-12-25	FY 2021 2021-12-26	FY 2020 2020-12-27	FY 2019 2019-12-29
Revenue	1,223	1,016	892	730	601	342	436
General & Administrative	129	113	103	85	70	46	56
Advertising Expenses	17	8.50	7.20	6.40	4.80	3.30	4.40
Total Costs & Expenses	1,195	977	850	713	579	390	474
Operating Income	28	39	41	17	22	-47	-38
Interest Expense	17	13	8.06	5.23	20	23	20
Other Non-Operating Income	1.32	1.76	2.87	0.91	-1.77	0.48	-0.26
Gain (Loss) on Sale of Assets	-0.40	-0.50	-0.80	-0.90	-0.40	-0.30	-1.10
Pretax Income	12	28	36	13	0.37	-70	-58
Income Tax Expense	-7.30	9.10	11	5.68	2.48	-20	-12
Net Income incl. Noncontrolling Interests	–	–	–	–	-2.11	-50	-45
Minority Interest in Earnings	–	–	–	–	0	0	-0.03
Net Income	19	19	25	6.91	-2.11	-50	-45
Net Income to Common	–	–	25	6.91	-2.11	-50	–
EPS (Basic)(per share)	0.32	0.31	0.43	0.12	-0.04	-1.10	-1.01
EPS (Diluted)(per share)	0.31	0.30	0.41	0.11	-0.04	-1.10	-1.01
Shares Outstanding (Basic, Weighted)(shares)	61	60	60	59	48	45	45
Shares Outstanding (Diluted, Weighted)(shares)	63	62	61	60	48	45	45
EBITDA	103	97	82	51	55	-16	-9.53

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Jun 28, 2026

Profitability, TTM

Gross margin: –
Operating margin: 2.1%
Net margin: 1.4%
Return on equity, FY2025: 3.2%

Financial strength

Current ratio: 0.27
Debt to equity: 0.46
Debt to assets: 16.1%
Cash to current liabilities: 11.5%

Valuation

P/E ratio: 41.9
Price to sales: 0.57
Price to book: 1.19
Dividend yield: –