FWRG Q1 2025 Earnings — First Watch Restaurant Group, Inc. Revenue & Financial Results | Market Cap Arena

FWRGFirst Watch Restaurant Group, Inc.

$767M

Q1 2025 Earnings

Consumer Cyclical Restaurants

Income Statement

Revenue

$282M+16.4% YoY

Gross Profit

$216M76.4% margin

Operating Income

$1M0.4% margin

Net Income

-$2M-0.8% margin

EPS (Diluted)

$-0.01

QoQ Revenue Growth

+7.2%

Cash Flow

Operating Cash Flow

$20M

Free Cash Flow

-$16M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$1.5B

Total Liabilities

$948M

Stockholders' Equity

$596M

Cash & Equivalents

$19M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$282M	$242M	+16.4%
Gross Profit	$216M	$53M	+306.8%
Operating Income	$1M	$12M	-90.9%
Net Income	-$2M	$7M	-131.1%

Revenue Segments

Franchisor Owned Outlet

$280M99%

Franchise

$3M1%