First Watch Restaurant Group, Inc. Financial Summary

Quick Answer

First Watch Restaurant Group, Inc. reported Total Revenue of $1.22 billion for fiscal year 2025.

First Watch Restaurant Group, Inc. — Key Financials by Year

Metric 2025 2024 2023 2022 2021 2020
Total Revenue $1.22B
+20.3%
$1.02B
+13.9%
$891.55M
+22.1%
$730.16M
+21.5%
$601.19M
+75.6%
$342.39M
-21.5%
Revenue (ASC 606) $1.22B
+20.3%
$1.02B
+13.9%
$891.55M
+22.1%
$730.16M
+21.5%
$601.19M
+75.6%
$342.39M
-21.5%
Net Income $19.43M
+2.7%
$18.93M
-25.4%
$25.39M
+267.5%
$6.91M
+427.8%
-$2.11M
+95.8%
-$49.68M
-9.3%
Diluted EPS $0.31
+3.3%
$0.30
-26.8%
$0.41
+272.7%
$0.11
+375.0%
-$0.04
+96.4%
-$1.10
-8.9%
Total Assets $1.74B
+15.0%
$1.51B
+19.5%
$1.27B
+14.7%
$1.10B
+5.5%
$1.05B
+3.9%
$1.01B
Cash and Equivalents $21.25M
-36.2%
$33.31M
-32.9%
$49.63M
-0.1%
$49.67M
-4.2%
$51.86M
+33.5%
$38.85M
Stockholders Equity $626.28M
+5.2%
$595.39M
+6.1%
$561.28M
+7.3%
$523.13M
+3.7%
$504.43M
+57.2%
$320.87M
-2.7%
Operating Income $27.51M
-29.3%
$38.91M
-5.7%
$41.27M
+144.0%
$16.91M
-24.0%
$22.24M
+147.1%
-$47.22M
-25.7%
Shares Outstanding 60.70M
+0.0%
60.70M
+1.3%
59.89M
+1.1%
59.21M
+0.3%
59.05M
+31.2%
45.01M

Most Recent Quarter

Metric Quarter Ending Value YoY QoQ
Total Revenue September 30, 2025 $316.02M +25.6% +2.6%
Revenue (ASC 606) September 30, 2025 $316.02M +25.6% +2.6%
Net Income September 30, 2025 $2.99M +41.6% +42.0%
Diluted EPS September 30, 2025 $0.05 +66.7% +66.7%
Total Assets September 30, 2025 $1.72B +15.8% +2.6%
Cash and Equivalents September 30, 2025 $20.71M -59.5% +8.0%
Stockholders Equity September 30, 2025 $607.31M +3.1% +1.0%
Operating Income September 30, 2025 $10.05M +59.2% +37.4%
Shares Outstanding September 30, 2025 61.03M +0.8% +0.0%
  • First Watch Restaurant Group, Inc. reported Total Revenue of $1.22 billion for fiscal year 2025.
  • First Watch Restaurant Group, Inc. showed an increase of +20.3% in Total Revenue compared to the prior fiscal year.
  • First Watch Restaurant Group, Inc. reported Revenue (ASC 606) of $1.22 billion for fiscal year 2025.
  • First Watch Restaurant Group, Inc. showed an increase of +20.3% in Revenue (ASC 606) compared to the prior fiscal year.
  • First Watch Restaurant Group, Inc. reported Net Income of $19.43 million for fiscal year 2025.
  • First Watch Restaurant Group, Inc. showed an increase of +2.7% in Net Income compared to the prior fiscal year.
  • First Watch Restaurant Group, Inc. reported Diluted EPS of $0.31 per share for fiscal year 2025.
  • First Watch Restaurant Group, Inc. showed an increase of +3.3% in Diluted EPS compared to the prior fiscal year.
  • First Watch Restaurant Group, Inc. reported Total Assets of $1.74 billion for fiscal year 2025.
  • First Watch Restaurant Group, Inc. showed an increase of +15.0% in Total Assets compared to the prior fiscal year.
  • First Watch Restaurant Group, Inc. reported Cash and Equivalents of $21.25 million for fiscal year 2025.
  • First Watch Restaurant Group, Inc. showed a decrease of -36.2% in Cash and Equivalents compared to the prior fiscal year.
  • First Watch Restaurant Group, Inc. reported Stockholders Equity of $626.28 million for fiscal year 2025.
  • First Watch Restaurant Group, Inc. showed an increase of +5.2% in Stockholders Equity compared to the prior fiscal year.
  • First Watch Restaurant Group, Inc. reported Operating Income of $27.51 million for fiscal year 2025.
  • First Watch Restaurant Group, Inc. showed a decrease of -29.3% in Operating Income compared to the prior fiscal year.
  • First Watch Restaurant Group, Inc. reported Shares Outstanding of 60.70 million shares for fiscal year 2025.
  • First Watch Restaurant Group, Inc. showed an increase of +0.0% in Shares Outstanding compared to the prior fiscal year.
  • All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.

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