FWRG (First Watch Restaurant Group, Inc.) Stock Financials & Earnings

FWRGFirst Watch Restaurant Group, Inc.

Mkt Cap$767M

Consumer Cyclical·Restaurants·🇺🇸 United States·NASDAQ

Revenue (TTM)$1.2B

Net Income (TTM)$19M

EPS (TTM)$0.31

Free Cash Flow (TTM)-$31M

Gross Margin13.0%

Op. Margin2.8%

Net Margin1.6%

FCF Margin-2.5%

P/S Ratio (TTM)0.6x

P/E Ratio (TTM)39.5x

YoY Rev Growth+20.3%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$211M	$48M	$15M
Q2 23	$216M	$48M	$11M
Q3 23	$219M	$44M	$8M
Q4 23	$245M	$50M	$7M
Q1 24	$242M	$53M	$12M
Q2 24	$259M	$59M	$16M
Q3 24	$252M	$50M	$6M
Q4 24	$263M	$51M	$4M
Q1 25	$282M	$216M	$1M
Q2 25	$308M	$60M	$7M
Q3 25	$316M	$68M	$10M
Q4 25	$316M	-$184M	$15M

Valuation

Operating Cash Flow

Capital Expenditures

CapEx

OpEx vs Revenue Growth (YoY)

Stock-Based Compensation

OpEx Breakdown

Revenue Segments

Quarter	Franchise	Franchisor Owned Outlet
Q1 25	$3M	$280M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$54M	$0	$54M
Q2 23	$67M	$0	$67M
Q3 23	$40M	$0	$40M
Q4 23	$50M	$0	$50M
Q1 24	$43M	$0	$43M
Q2 24	$45M	$0	$45M
Q3 24	$51M	$0	$51M
Q4 24	$33M	$0	$33M
Q1 25	$19M	$0	$19M
Q2 25	$19M	$0	$19M
Q3 25	$21M	$0	$21M
Q4 25	$21M	$0	$21M

Shares Outstanding

Revenue Per Employee

Revenue / Employee