Quick Answer
First Watch Restaurant Group, Inc. reported Operating Income of $27.51 million for fiscal year 2025.
First Watch Restaurant Group, Inc. Operating Income — Annual History
| Fiscal Year | Operating Income | YoY Change |
|---|---|---|
| 2025 | $27.51M | -29.3% |
| 2024 | $38.91M | -5.7% |
| 2023 | $41.27M | +144.0% |
| 2022 | $16.91M | -24.0% |
| 2021 | $22.24M | +147.1% |
| 2020 | -$47.22M | -25.7% |
| 2019 | -$37.56M | — |
Quarterly Operating Income
| Quarter Ending | Operating Income | YoY | QoQ |
|---|---|---|---|
| September 30, 2025 | $10.05M | +59.2% | +37.4% |
| June 30, 2025 | $7.31M | -55.5% | +557.1% |
| March 31, 2025 | $1.11M | -90.9% | -82.4% |
| September 30, 2024 | $6.31M | -18.4% | -61.6% |
| June 30, 2024 | $16.45M | +45.0% | +33.9% |
| March 31, 2024 | $12.29M | -19.9% | +58.8% |
| September 30, 2023 | $7.74M | +195.2% | -31.8% |
| June 30, 2023 | $11.34M | +124.5% | -26.0% |
- First Watch Restaurant Group, Inc. showed a decrease of -29.3% in Operating Income compared to the prior fiscal year.
- Over the 2019–2025 period, First Watch Restaurant Group, Inc.’s operating income has grown by 173.3% (from -$37.56 million to $27.51 million).
- The most recent figure is from First Watch Restaurant Group, Inc.’s fiscal year 2025 report (Form 10-K), filed with the SEC on February 24, 2026.
- All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.
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