Security
First Watch Restaurant Group, Inc. Common Stock · FWRG
FWRGNASDAQCommon stockCurrentCIK 1789940Updated Nov 14, 2026
FWRG price & chart
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NASDAQ:FWRG on TradingView ↗In the news
First Watch Restaurant Group, Inc. Announces Appointment of Ashlee Weisser to Chief Financial Officer ↗
Recent filings
SCHEDULE 13G/A - filed by MANULIFE FINANCIAL CORP regarding First Watch Restaurant Group, Inc.
Regulation FD Disclosure
Items 7.01, 9.01
144 filing
Regulation FD Disclosure
Items 7.01, 9.01
10-Q filing
Show 5 more recent filings
Results of Operations and Financial Condition · Regulation FD Disclosure
Items 2.02, 7.01, 9.01
SCHEDULE 13G/A - filed by Bank of New York Mellon Corp regarding First Watch Restaurant Group, Inc.
Regulation FD Disclosure
Items 7.01, 9.01
10-Q filing
Results of Operations and Financial Condition · Regulation FD Disclosure
Items 2.02, 7.01, 9.01
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q2 2024 | Q1 2026 | Q1 2025 | Q1 2024 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||||||
| AssetsUSD | 1,720,229,000Source | 1,484,957,000Source | 1,820,839,000Source | 1,675,993,000Source | 1,436,654,000Source | 1,774,055,000Source | 1,544,138,000Source | 1,279,256,000Source | 1,742,029,000Source | 1,514,356,000Source | 1,267,045,000Source | 1,104,446,000Source |
| GoodwillUSD | 420,208,000Source | 398,565,000Source | 420,208,000Source | 420,208,000Source | 398,565,000Source | 420,208,000Source | 398,565,000Source | 360,981,000Source | 420,208,000Source | 398,565,000Source | 359,883,000Source | 345,219,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 177,235,000Source | 169,328,000Source | 170,768,000Source | 179,132,000Source | 171,025,000Source | 172,576,000Source | 165,970,000Source | 151,059,000Source | 174,908,000Source | 167,596,000Source | 151,186,000Source | 143,151,000Source |
| Current assets: | ||||||||||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 20,714,000Source | 51,129,000Source | 20,485,000Source | 19,177,000Source | 45,104,000Source | 23,565,000Source | 18,607,000Source | 43,245,000Source | 21,246,000Source | 33,312,000Source | 49,632,000Source | 49,672,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 5,506,000Source | 4,932,000Source | 6,813,000Source | 5,484,000Source | 4,032,000Source | 6,031,000Source | 5,960,000Source | 4,130,000Source | 6,859,000Source | 7,235,000Source | 5,532,000Source | 6,164,000Source |
| Inventory, NetUSD | 6,486,000Source | 5,329,000Source | 7,801,000Source | 6,772,000Source | 5,666,000Source | 7,137,000Source | 6,200,000Source | 5,198,000Source | 7,174,000Source | 6,117,000Source | 5,381,000Source | 5,028,000Source |
| Assets, CurrentUSD | 43,716,000Source | 73,009,000Source | 47,529,000Source | 42,947,000Source | 67,399,000Source | 51,566,000Source | 44,252,000Source | 63,437,000Source | 49,080,000Source | 55,876,000Source | 71,190,000Source | 67,288,000Source |
| Operating Lease, Right-of-Use AssetUSD | 609,820,000Source | 507,627,000Source | 660,068,000Source | 595,464,000Source | 482,308,000Source | 631,458,000Source | 548,548,000Source | 422,589,000Source | 614,548,000Source | 527,674,000Source | 420,001,000Source | 352,373,000Source |
| Other Assets, NoncurrentUSD | 4,657,000Source | 3,374,000Source | 6,848,000Source | 4,062,000Source | 3,473,000Source | 5,001,000Source | 3,465,000Source | 4,216,000Source | 4,834,000Source | 3,251,000Source | 1,703,000Source | 1,298,000Source |
| LIABILITIES AND EQUITY | ||||||||||||
| LiabilitiesUSD | 1,112,918,000Source | 895,826,000Source | 1,186,670,000Source | 1,074,680,000Source | 850,870,000Source | 1,146,398,000Source | 947,849,000Source | 704,816,000Source | 1,115,750,000Source | 918,967,000Source | 705,761,000Source | 581,311,000Source |
| Stockholders’ equity: | ||||||||||||
| Preferred Stock, Value, IssuedUSD | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source |
| Common Stock, Value, IssuedUSD | 610,000Source | 606,000Source | 617,000Source | 610,000Source | 604,000Source | 616,000Source | 610,000Source | 604,000Source | 611,000Source | 607,000Source | 599,000Source | 592,000Source |
| Additional Paid in CapitalUSD | 657,387,000Source | 645,530,000Source | 668,593,000Source | 654,446,000Source | 641,625,000Source | 664,657,000Source | 651,434,000Source | 639,107,000Source | 661,153,000Source | 649,045,000Source | 634,099,000Source | 620,675,000Source |
| Retained Earnings (Accumulated Deficit)USD | -49,554,000Source | -54,521,000Source | -34,736,000Source | -52,545,000Source | -56,633,000Source | -37,075,000Source | -54,651,000Source | -65,533,000Source | -34,390,000Source | -53,822,000Source | -72,747,000Source | -98,132,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -1,132,000Source | -2,484,000Source | -305,000Source | -1,198,000Source | 188,000Source | -541,000Source | -1,104,000Source | 262,000Source | -1,095,000Source | -441,000Source | -667,000Source | — |
| Stockholders' Equity Attributable to ParentUSD | 607,311,000Source | 589,131,000Source | 634,169,000Source | 601,313,000Source | 585,784,000Source | 627,657,000Source | 596,289,000Source | 574,440,000Source | 626,279,000Source | 595,389,000Source | 561,284,000Source | 523,135,000Source |
| Liabilities and EquityUSD | 1,720,229,000Source | 1,484,957,000Source | 1,820,839,000Source | 1,675,993,000Source | 1,436,654,000Source | 1,774,055,000Source | 1,544,138,000Source | 1,279,256,000Source | 1,742,029,000Source | 1,514,356,000Source | 1,267,045,000Source | 1,104,446,000Source |
| Current liabilities: | ||||||||||||
| Liabilities, CurrentUSD | 176,767,000Source | 134,015,000Source | 177,887,000Source | 158,327,000Source | 118,834,000Source | 177,490,000Source | 141,846,000Source | 106,479,000Source | 167,499,000Source | 138,472,000Source | 115,073,000Source | 99,980,000Source |
| Operating Lease, Liability, CurrentUSD | 72,785,000Source | 47,565,000Source | 79,266,000Source | 67,606,000Source | 45,755,000Source | 76,004,000Source | 56,514,000Source | 41,316,000Source | 75,034,000Source | 55,704,000Source | 40,281,000Source | 38,936,000Source |
| Accounts Payable, CurrentUSD | 7,231,000Source | 6,874,000Source | 10,277,000Source | 7,506,000Source | 7,177,000Source | 9,766,000Source | 7,693,000Source | 5,681,000Source | 8,701,000Source | 6,961,000Source | 6,324,000Source | 7,590,000Source |
| Operating Lease, Liability, NoncurrentUSD | 645,455,000Source | 533,849,000Source | 701,656,000Source | 629,345,000Source | 504,130,000Source | 672,562,000Source | 578,897,000Source | 444,384,000Source | 651,254,000Source | 555,576,000Source | 441,290,000Source | 366,113,000Source |
| Deferred Income Tax Liabilities, NetUSD | 33,787,000Source | 32,224,000Source | 21,256,000Source | 31,501,000Source | 32,215,000Source | 20,782,000Source | 30,801,000Source | 27,898,000Source | 21,972,000Source | 32,218,000Source | 25,331,000Source | 17,166,000Source |
| Other Liabilities, NoncurrentUSD | 5,009,000Source | 3,165,000Source | 8,122,000Source | 4,227,000Source | 2,900,000Source | 6,619,000Source | 3,571,000Source | 3,012,000Source | 5,397,000Source | 3,155,000Source | 2,954,000Source | 3,384,000Source |
| Additional Financial Items | ||||||||||||
| Accrued Liabilities, CurrentUSD | 49,831,000Source | 43,787,000Source | 46,508,000Source | 47,736,000Source | 39,031,000Source | 43,584,000Source | 40,585,000Source | 32,461,000Source | 38,496,000Source | 39,607,000Source | 35,630,000Source | 22,729,000Source |
| Deferred Tax Liabilities, NetUSD | — | — | — | — | — | — | — | — | 21,972,000Source | 32,218,000Source | 25,331,000Source | 17,166,000Source |
cash flow · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Depreciation and amortization | — | — | —Source | —Source | —Source | —Source | —Source | —Source | —Source | —Source | —Source | —Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | — | — | — | — | — | — | 3,352,000Source | 2,259,000Source | 10,760,000Source | 8,525,000Source | 7,604,000Source | 10,374,000Source |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts ReceivableUSD | — | — | — | — | — | — | -828,000Source | -1,275,000Source | -376,000Source | 1,703,000Source | -632,000Source | 1,714,000Source |
| Increase (Decrease) in InventoriesUSD | — | — | — | — | — | — | -37,000Source | 83,000Source | 867,000Source | 508,000Source | 62,000Source | 1,005,000Source |
| Increase (Decrease) in Accounts PayableUSD | — | — | — | — | — | — | 1,065,000Source | 732,000Source | 1,740,000Source | 637,000Source | -1,301,000Source | -3,470,000Source |
| Deferred Income Tax Expense (Benefit)USD | — | — | — | — | — | — | -1,372,000Source | -1,197,000Source | -10,031,000Source | 6,823,000Source | 8,315,000Source | 4,677,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | — | — | — | — | — | — | 34,456,000Source | 20,138,000Source | 125,912,000Source | 115,673,000Source | 95,338,000Source | 62,937,000Source |
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | — | — | — | — | — | — | 171,000Source | 10,000Source | 56,008,000Source | 78,638,000Source | 39,880,000Source | — |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | — | — | — | — | — | — | -29,532,000Source | -36,605,000Source | -213,764,000Source | -206,653,000Source | -123,370,000Source | -63,111,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | — | — | — | — | — | — | 29,346,000Source | 36,544,000Source | 156,906,000Source | 127,949,000Source | 84,527,000Source | 62,219,000Source |
| Cash flows from financing activities: | ||||||||||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | — | — | — | — | — | — | -2,605,000Source | 1,762,000Source | 75,786,000Source | 74,331,000Source | 28,070,000Source | -2,018,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | — | — | — | — | — | — | 2,319,000Source | -14,705,000Source | -12,066,000Source | -16,649,000Source | 38,000Source | -2,192,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | 20,714,000Source | 51,129,000Source | 20,485,000Source | 19,177,000Source | 23,565,000Source | 18,607,000Source | — | 33,312,000Source | 49,961,000Source | 49,923,000Source |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | — | — | — | — | — | — | 4,603,000Source | 3,072,000Source | 15,507,000Source | 12,328,000Source | 8,725,000Source | 3,368,000Source |
| Income Taxes Paid, NetUSD | — | — | — | — | — | — | 0Source | 101,000Source | 2,562,000Source | 3,108,000Source | 1,952,000Source | 915,000Source |
| Additional Financial Items | ||||||||||||
| Share-based Payment Arrangement, ExpenseUSD | — | — | — | 2,100,000Source | 3,700,000Source | 2,800,000Source | — | 2,300,000Source | 10,800,000Source | 8,500,000Source | 7,600,000Source | 10,400,000Source |
| Amortization of Debt Issuance Costs and DiscountsUSD | — | — | — | — | — | — | 170,000Source | 154,000Source | 664,000Source | 567,000Source | 452,000Source | 445,000Source |
| Amortization of Intangible AssetsUSD | — | — | — | — | — | — | — | — | 8,500,000Source | 5,600,000Source | 1,500,000Source | 1,000,000Source |
| DepreciationUSD | — | — | — | — | — | — | — | — | 66,500,000Source | 52,100,000Source | 39,700,000Source | 33,300,000Source |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber PropertyUSD | — | — | — | — | — | — | — | — | -400,000Source | -500,000Source | -800,000Source | -900,000Source |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | — | — | — | — | — | — | — | — | -49,000Source | -13,000Source | 73,000Source | -391,000Source |
| Gain (Loss) on Sale of Assets and Asset Impairment ChargesUSD | — | — | -175,000Source | -114,000Source | -114,000Source | -127,000Source | -153,000Source | -9,000Source | -448,000Source | -525,000Source | -1,359,000Source | -920,000Source |
| Gain (Loss) on Extinguishment of DebtUSD | — | — | — | — | — | — | — | 0Source | — | -358,000Source | 0Source | 0Source |
| General and Administrative ExpenseUSD | — | — | 33,746,000Source | 27,680,000Source | 38,727,000Source | 33,185,000Source | 39,945,000Source | 30,219,000Source | 128,950,000Source | 113,270,000Source | 103,121,000Source | 84,959,000Source |
| GoodwillUSD | — | — | 420,208,000Source | 398,565,000Source | 420,208,000Source | 420,208,000Source | 420,208,000Source | 398,565,000Source | 420,208,000Source | 398,565,000Source | 359,883,000Source | 345,219,000Source |
| Impairment of Intangible Assets, Finite-livedUSD | — | — | — | — | — | — | — | — | 0Source | 0Source | 0Source | — |
| Income Tax Expense (Benefit)USD | — | — | 2,683,000Source | 1,384,000Source | 1,029,000Source | 1,470,000Source | -749,000Source | -708,000Source | -7,299,000Source | 9,101,000Source | 10,690,000Source | 5,684,000Source |
| InterestExpenseNonoperatingUSD | — | — | 4,567,000Source | 3,441,000Source | 4,892,000Source | 4,003,000Source | 4,778,000Source | 3,334,000Source | 16,699,000Source | 12,640,000Source | — | — |
| Liability for Unpaid Claims and Claims Adjustment Expense, Incurred ClaimsUSD | — | — | — | — | — | — | — | — | 6,300,000Source | 3,900,000Source | 2,300,000Source | 1,500,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | 2,991,000Source | 2,112,000Source | 2,339,000Source | 2,106,000Source | -2,685,000Source | -829,000Source | 19,432,000Source | 18,925,000Source | 25,385,000Source | 6,907,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | — | — | — | — | — | — | — | — | 25,385,000Source | 6,907,000Source |
| Nonoperating Income (Expense)USD | — | — | 191,000Source | 624,000Source | 133,000Source | 266,000Source | 345,000Source | 684,000Source | 1,321,000Source | 1,759,000Source | 2,871,000Source | 910,000Source |
| Proceeds from Issuance of Common StockUSD | — | — | — | — | — | — | — | — | — | — | 0Source | 0Source |
| Proceeds from Stock Options ExercisedUSD | — | — | — | — | — | — | 89,000Source | 133,000Source | 1,193,000Source | 6,429,000Source | 5,827,000Source | 1,425,000Source |
income statement · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total RevenueUSD | — | — | 316,022,000Source | 251,609,000Source | 354,672,000Source | 307,887,000Source | 330,959,000Source | 282,240,000Source | 1,222,501,000Source | 1,015,910,000Source | 891,551,000Source | 730,162,000Source |
| Operating Income (Loss)USD | — | — | 10,050,000Source | 6,313,000Source | 8,127,000Source | 7,313,000Source | 999,000Source | 1,113,000Source | 27,511,000Source | 38,907,000Source | 41,267,000Source | 16,913,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | — | — | 5,674,000Source | 3,496,000Source | 3,368,000Source | 3,576,000Source | -3,434,000Source | -1,537,000Source | 12,133,000Source | 28,026,000Source | 36,075,000Source | 12,591,000Source |
| Income Tax Expense (Benefit)USD | — | — | 2,683,000Source | 1,384,000Source | 1,029,000Source | 1,470,000Source | -749,000Source | -708,000Source | -7,299,000Source | 9,101,000Source | 10,690,000Source | 5,684,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | 2,991,000Source | 2,112,000Source | 2,339,000Source | 2,106,000Source | -2,685,000Source | -829,000Source | 19,432,000Source | 18,925,000Source | 25,385,000Source | 6,907,000Source |
| Earnings Per Share, BasicUSD per share | — | — | 0.05Source | 0.03Source | 0.04Source | 0.03Source | -0.04Source | -0.01Source | 0.32Source | 0.31Source | 0.43Source | 0.12Source |
| Earnings Per Share, DilutedUSD per share | — | — | 0.05Source | 0.03Source | 0.04Source | 0.03Source | -0.04Source | -0.01Source | 0.31Source | 0.3Source | 0.41Source | 0.11Source |
| Weighted Average Number of Shares Outstanding, Basicshares | — | — | 61,027,278Source | 60,428,016Source | 61,669,719Source | 61,005,648Source | 61,243,494Source | 60,767,401Source | 60,963,587Source | 60,365,393Source | 59,531,404Source | 59,097,512Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | — | — | 62,834,080Source | 61,851,127Source | 62,296,801Source | 62,579,658Source | 61,243,494Source | 60,767,401Source | 62,842,519Source | 62,351,222Source | 61,191,613Source | 60,140,045Source |
| Interest Expense (non-operating)USD | — | — | 4,567,000Source | 3,441,000Source | 4,892,000Source | 4,003,000Source | 4,778,000Source | 3,334,000Source | 16,699,000Source | 12,640,000Source | — | — |
| Additional Financial Items | ||||||||||||
| Amortization of Intangible AssetsUSD | — | — | — | — | — | — | — | — | 8,500,000Source | 5,600,000Source | 1,500,000Source | 1,000,000Source |
| Business Combination, Acquisition Related CostsUSD | — | — | — | — | — | — | — | — | 1,098,000Source | 1,595,000Source | 2,062,000Source | — |
| Costs and ExpensesUSD | — | — | 305,972,000Source | 245,296,000Source | 346,545,000Source | 300,574,000Source | 329,960,000Source | 281,127,000Source | 1,194,990,000Source | 977,003,000Source | 850,284,000Source | 713,249,000Source |
| Current Income Tax Expense (Benefit)USD | — | — | — | — | — | — | — | — | 2,732,000Source | 2,278,000Source | 2,375,000Source | 1,007,000Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | — | — | 19,662,000Source | 15,153,000Source | 21,839,000Source | 18,136,000Source | 21,396,000Source | 16,557,000Source | 75,011,000Source | 57,715,000Source | 41,223,000Source | 34,230,000Source |
| General and Administrative ExpenseUSD | — | — | 33,746,000Source | 27,680,000Source | 38,727,000Source | 33,185,000Source | 39,945,000Source | 30,219,000Source | 128,950,000Source | 113,270,000Source | 103,121,000Source | 84,959,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | — | — | — | — | — | — | — | — | 12,133,000Source | — | — | — |
| Interest ExpenseUSD | — | — | — | — | — | — | — | — | — | — | 8,063,000Source | 5,232,000Source |
| Interest Expense, DebtUSD | — | — | — | — | — | — | — | — | 18,664,000Source | 14,257,000Source | — | — |
| Liability for Unpaid Claims and Claims Adjustment Expense, Incurred ClaimsUSD | — | — | — | — | — | — | — | — | 6,300,000Source | 3,900,000Source | 2,300,000Source | 1,500,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | — | — | — | — | — | — | — | — | 25,385,000Source | 6,907,000Source |
| Nonoperating Income (Expense)USD | — | — | 191,000Source | 624,000Source | 133,000Source | 266,000Source | 345,000Source | 684,000Source | 1,321,000Source | 1,759,000Source | 2,871,000Source | 910,000Source |
| Other Cost of Operating RevenueUSD | — | — | 50,140,000Source | 38,891,000Source | 55,557,000Source | 46,603,000Source | 51,904,000Source | 44,259,000Source | 188,685,000Source | 151,968,000Source | 134,477,000Source | 114,476,000Source |