FWRG
First Watch Restaurant Group, Inc.
NASDAQ · Consumer Cyclical · Restaurants · US
$12.05
+2.99%Income statement
| Metric | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | |||||
| Total Revenue | 1.3B | 1.2B | 1.0B | 891.6M | 730.2M |
| Cost of Revenue | 873.8M | 1.1B | 223.1M | 701.4M | 590.6M |
| Gross Profit | 444.2M | 159.4M | 792.8M | 190.1M | 139.5M |
| Operating Expenses | |||||
| R&D Expense | — | — | — | — | — |
| SG&A Expense | 146.9M | 128.9M | 113.3M | 103.1M | 85.0M |
| General & Admin Expense | 143.5M | 128.9M | 113.3M | 103.1M | 85.0M |
| Selling & Marketing Expense | 3.4M | — | — | — | — |
| Other Expenses | 241.2M | (3.3M) | 640.6M | 45.7M | 37.7M |
| Total Operating Expenses | 388.1M | 125.7M | 753.9M | 148.8M | 122.6M |
| Cost and Expenses | 1.3B | 1.2B | 977.0M | 850.3M | 713.2M |
| Operating Income (EBIT) | 56.0M | 33.8M | 38.9M | 41.3M | 16.9M |
| Non-Operating | |||||
| Interest Income | — | — | — | — | — |
| Interest Expense | 9.2M | 16.7M | 12.6M | 8.1M | 5.2M |
| Net Interest Income | (9.2M) | (16.7M) | (12.6M) | (8.1M) | (5.2M) |
| Other Non-Op Income/Expense | (46.0M) | (21.6M) | (10.9M) | (5.2M) | (4.3M) |
| Non-Operating Income (excl Interest) | 36.8M | 4.9M | (1.8M) | (2.9M) | (910.0K) |
| EBT (Pre-Tax Income) | 10.0M | 12.1M | 28.0M | 36.1M | 12.6M |
| Income Tax Expense | (9.8M) | (7.3M) | 9.1M | 10.7M | 5.7M |
| Bottom Line | |||||
| Net Income | 17.8M | 19.4M | 18.9M | 25.4M | 6.9M |
| Earnings from Cont. Ops | 19.9M | 19.4M | 18.9M | 25.4M | 6.9M |
| Earnings from Discont. Ops | — | — | — | — | — |
| Bottom Line Net Income | 17.8M | 19.4M | 18.9M | 25.4M | 6.9M |
| Per Share | |||||
| Basic EPS | $0.30 | $0.32 | $0.31 | $0.43 | $0.12 |
| Diluted EPS | $0.28 | $0.31 | $0.30 | $0.41 | $0.11 |
| Revenue Per Share | $21.37 | $20.05 | $16.83 | $14.98 | $12.36 |
| Shares | |||||
| Basic Shares Outstanding | 61.7M | 61.0M | 60.4M | 59.5M | 59.1M |
| Diluted Shares Outstanding | 62.3M | 62.8M | 62.4M | 61.2M | 60.1M |
| Profitability Metrics | |||||
| EBITDA | 102.8M | 103.8M | 98.4M | 85.4M | 52.1M |
| D&A | 83.6M | 75.0M | 57.7M | 41.2M | 34.2M |
| EBIT | 19.3M | 28.8M | 40.7M | 44.1M | 17.8M |
As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026