First Watch Restaurant Group, Inc. (FWRG)
About First Watch Restaurant Group, Inc.
First Watch Restaurant Group Inc is a daytime restaurant concept serving made-to-order breakfast, brunch, and lunch using fresh ingredients. The company generates revenues from Restaurant sales and Franchise revenues. It generates maximum revenue from Restaurant sales.
This profile is unclaimed. An authorized representative can claim it to add details and earn the Verified badge.
Financial summary
- Revenue FY2025
- $1.2B
- Net income
- $19.4M
- Total assets
- $1.7B
- Market cap
- $627.5M
- Gross margin
- 99.9%
- Operating margin
- 2.3%
- Net margin
- 1.6%
Source: SEC EDGAR · updated Jun 7, 2026
Revenue & profit trend
Financial statements
Income statement
- Revenue
- $1.2B
- Cost of revenue
- $1.7M
- Gross profit
- $1.2B
- Operating expenses
- $1.2B
- Operating income
- $27.5M
- Income tax
- -$7.3M
- Net income
- $19.4M
- EPS (basic)
- $0.32
- EPS (diluted)
- $0.31
Balance sheet
- Total assets
- $1.7B
- Current assets
- $49.1M
- Total liabilities
- $1.1B
- Current liabilities
- $167.5M
- Shareholders’ equity
- $626.3M
Cash flow
- Operating cash flow
- $125.9M
- Investing cash flow
- -$213.8M
- Financing cash flow
- $75.8M
- Net cash flow
- -$12.1M
Statements via Polygon.io (SEC filings)
15-minute delayed · data by Polygon.io
Past year · hover for prices
52-week range
- Market cap
- $627.5M
- P/E ratio
- 39.1
- EPS (diluted)
- $0.31
- Shares outstanding
- 51.8M
- Open
- —
- Day range
- –
- Prev close
- —
- Volume
- —
- IPO date
- Oct 1, 2021
First Watch Restaurant Group, Inc. (FWRG) Stock Price
- Profitable — net income of $19.4M in FY2025.
- Revenue grew 103% from FY2021 to FY2025.
- Gross margin of 99.9%, net margin 1.6%.
- Trading 37% below its 52-week high.
- Valued at a price-to-earnings (P/E) ratio of 39.1.
Automatically generated from public filings and market data. Informational only — not investment advice or a recommendation to buy or sell any security.
No reviews yet. Be the first to review First Watch Restaurant Group, Inc..
Write a review
News about First Watch Restaurant Group, Inc.
News & sentiment via Polygon.io
First Watch Restaurant Group, Inc.: frequently asked questions
Is First Watch Restaurant Group, Inc. an American company?
First Watch Restaurant Group, Inc. is a US-based company headquartered in Bradenton, Florida, listed in the americancompanies.com directory of American companies. Its American-origin credentials have not yet been independently verified.
Where is First Watch Restaurant Group, Inc. headquartered?
First Watch Restaurant Group, Inc. is headquartered in Bradenton, Florida, United States.
Is First Watch Restaurant Group, Inc. publicly traded?
Yes — First Watch Restaurant Group, Inc. is a publicly traded company. Its stock trades under the ticker symbol FWRG on the NASDAQ.
