# First Watch Restaurant Group, Inc.: financial statements, quarterly

FWRG · Nasdaq · CIK 1789940 · [Consumer discretionary](/sectors/consumer-discretionary.md) · fiscal year ends Dec 28

Pages: [Overview](/companies/fwrg.md) · [Financials](/companies/fwrg/financials.md) · [Filings](/companies/fwrg/filings.md) · [Insiders](/companies/fwrg/insiders.md)

Standardized line items from XBRL company facts. Each value links to its filing; d marks a value derived from year-to-date figures. Other view: [annual](/companies/fwrg/financials.md?period=annual).

## Income statement

| Line item | Unit | Q3 FY2023 (2023-09-24) | Q4 FY2023 (2023-12-31) | Q1 FY2024 (2024-03-31) | Q2 FY2024 (2024-06-30) | Q3 FY2024 (2024-09-29) | Q4 FY2024 (2024-12-29) | Q1 FY2025 (2025-03-30) | Q2 FY2025 (2025-06-29) | Q3 FY2025 (2025-09-28) | Q4 FY2025 (2025-12-28) | Q1 FY2026 (2026-03-29) | Q2 FY2026 (2026-06-28) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [219](/filings/0001789940-24-000146.md) | [245 d](/filings/0001789940-26-000014.md) | [242](/filings/0001789940-25-000041.md) | [259](/filings/0001789940-25-000072.md) | [252](/filings/0001789940-25-000086.md) | [263 d](/filings/0001789940-26-000014.md) | [282](/filings/0001789940-26-000060.md) | [308](/filings/0001789940-26-000090.md) | [316](/filings/0001789940-25-000086.md) | [316 d](/filings/0001789940-26-000014.md) | [331](/filings/0001789940-26-000060.md) | [355](/filings/0001789940-26-000090.md) |
| Operating income | $m | [7.7](/filings/0001789940-24-000146.md) | [6.9 d](/filings/0001789940-26-000014.md) | [12.3](/filings/0001789940-25-000041.md) | [16.4](/filings/0001789940-25-000072.md) | [6.3](/filings/0001789940-25-000086.md) | [3.9 d](/filings/0001789940-26-000014.md) | [1.1](/filings/0001789940-26-000060.md) | [7.3](/filings/0001789940-26-000090.md) | [10.1](/filings/0001789940-25-000086.md) | [9.0 d](/filings/0001789940-26-000014.md) | [1.0](/filings/0001789940-26-000060.md) | [8.1](/filings/0001789940-26-000090.md) |
| Interest expense | $m | [1.8](/filings/0001789940-23-000105.md) | [2.3 d](/filings/0001789940-24-000012.md) | [2.6](/filings/0001789940-24-000090.md) | [3.4](/filings/0001789940-25-000072.md) | [3.4](/filings/0001789940-25-000086.md) | [3.2 d](/filings/0001789940-26-000014.md) | [3.3](/filings/0001789940-26-000060.md) | [4.0](/filings/0001789940-26-000090.md) | [4.6](/filings/0001789940-25-000086.md) | [4.8 d](/filings/0001789940-26-000014.md) | [4.8](/filings/0001789940-26-000060.md) | [4.9](/filings/0001789940-26-000090.md) |
| Income tax | $m | [1.2](/filings/0001789940-24-000146.md) | [2.9 d](/filings/0001789940-26-000014.md) | [2.8](/filings/0001789940-25-000041.md) | [4.9](/filings/0001789940-25-000072.md) | [1.4](/filings/0001789940-25-000086.md) | [0.0 d](/filings/0001789940-26-000014.md) | [(0.7)](/filings/0001789940-26-000060.md) | [1.5](/filings/0001789940-26-000090.md) | [2.7](/filings/0001789940-25-000086.md) | [(10.7) d](/filings/0001789940-26-000014.md) | [(0.7)](/filings/0001789940-26-000060.md) | [1.0](/filings/0001789940-26-000090.md) |
| Net income | $m | [5.4](/filings/0001789940-24-000146.md) | [25.4](/filings/0001789940-24-000012.md) | [7.2](/filings/0001789940-25-000086.md) | [8.9](/filings/0001789940-25-000086.md) | [2.1](/filings/0001789940-25-000086.md) | [0.7 d](/filings/0001789940-26-000014.md) | [(0.8)](/filings/0001789940-26-000090.md) | [2.1](/filings/0001789940-26-000090.md) | [3.0](/filings/0001789940-25-000086.md) | [15.2 d](/filings/0001789940-26-000014.md) | [(2.7)](/filings/0001789940-26-000090.md) | [2.3](/filings/0001789940-26-000090.md) |
| Diluted EPS | $ per share | [0.09](/filings/0001789940-24-000146.md) | not reported | [0.12](/filings/0001789940-25-000041.md) | [0.14](/filings/0001789940-25-000072.md) | [0.03](/filings/0001789940-25-000086.md) | not reported | [(0.01)](/filings/0001789940-26-000060.md) | [0.03](/filings/0001789940-26-000090.md) | [0.05](/filings/0001789940-25-000086.md) | not reported | [(0.04)](/filings/0001789940-26-000060.md) | [0.04](/filings/0001789940-26-000090.md) |
| Basic EPS | $ per share | [0.09](/filings/0001789940-24-000146.md) | not reported | [0.12](/filings/0001789940-25-000041.md) | [0.15](/filings/0001789940-25-000072.md) | [0.03](/filings/0001789940-25-000086.md) | not reported | [(0.01)](/filings/0001789940-26-000060.md) | [0.03](/filings/0001789940-26-000090.md) | [0.05](/filings/0001789940-25-000086.md) | not reported | [(0.04)](/filings/0001789940-26-000060.md) | [0.04](/filings/0001789940-26-000090.md) |

- Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
- Operating income: us-gaap:OperatingIncomeLoss
- Interest expense: us-gaap:InterestExpense, us-gaap:InterestExpenseNonoperating
- Income tax: us-gaap:IncomeTaxExpenseBenefit
- Net income: us-gaap:NetIncomeLoss
- Diluted EPS: us-gaap:EarningsPerShareDiluted
- Basic EPS: us-gaap:EarningsPerShareBasic

## Balance sheet

| Line item | Unit | Q3 FY2023 (2023-09-24) | FY2023 (2023-12-31) | Q1 FY2024 (2024-03-31) | Q2 FY2024 (2024-06-30) | Q3 FY2024 (2024-09-29) | FY2024 (2024-12-29) | Q1 FY2025 (2025-03-30) | Q2 FY2025 (2025-06-29) | Q3 FY2025 (2025-09-28) | FY2025 (2025-12-28) | Q1 FY2026 (2026-03-29) | Q2 FY2026 (2026-06-28) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash and equivalents | $m | [39.9](/filings/0001789940-23-000105.md) | [49.6](/filings/0001789940-25-000010.md) | [43.2](/filings/0001789940-24-000090.md) | [45.1](/filings/0001789940-24-000117.md) | [51.1](/filings/0001789940-24-000146.md) | [33.3](/filings/0001789940-26-000014.md) | [18.6](/filings/0001789940-25-000041.md) | [19.2](/filings/0001789940-25-000072.md) | [20.7](/filings/0001789940-25-000086.md) | [21.2](/filings/0001789940-26-000090.md) | [23.6](/filings/0001789940-26-000060.md) | [20.5](/filings/0001789940-26-000090.md) |
| Current assets | $m | [58.6](/filings/0001789940-23-000105.md) | [71.2](/filings/0001789940-25-000010.md) | [63.4](/filings/0001789940-24-000090.md) | [67.4](/filings/0001789940-24-000117.md) | [73.0](/filings/0001789940-24-000146.md) | [55.9](/filings/0001789940-26-000014.md) | [44.3](/filings/0001789940-25-000041.md) | [42.9](/filings/0001789940-25-000072.md) | [43.7](/filings/0001789940-25-000086.md) | [49.1](/filings/0001789940-26-000090.md) | [51.6](/filings/0001789940-26-000060.md) | [47.5](/filings/0001789940-26-000090.md) |
| Total assets | $m | [1,206](/filings/0001789940-23-000105.md) | [1,267](/filings/0001789940-25-000010.md) | [1,279](/filings/0001789940-24-000090.md) | [1,437](/filings/0001789940-24-000117.md) | [1,485](/filings/0001789940-24-000146.md) | [1,514](/filings/0001789940-26-000014.md) | [1,544](/filings/0001789940-25-000041.md) | [1,676](/filings/0001789940-25-000072.md) | [1,720](/filings/0001789940-25-000086.md) | [1,742](/filings/0001789940-26-000090.md) | [1,774](/filings/0001789940-26-000060.md) | [1,821](/filings/0001789940-26-000090.md) |
| Current liabilities | $m | [110](/filings/0001789940-23-000105.md) | [115](/filings/0001789940-25-000010.md) | [106](/filings/0001789940-24-000090.md) | [119](/filings/0001789940-24-000117.md) | [134](/filings/0001789940-24-000146.md) | [138](/filings/0001789940-26-000014.md) | [142](/filings/0001789940-25-000041.md) | [158](/filings/0001789940-25-000072.md) | [177](/filings/0001789940-25-000086.md) | [167](/filings/0001789940-26-000090.md) | [177](/filings/0001789940-26-000060.md) | [178](/filings/0001789940-26-000090.md) |
| Total liabilities | $m | [649](/filings/0001789940-23-000105.md) | [706](/filings/0001789940-25-000010.md) | [705](/filings/0001789940-24-000090.md) | [851](/filings/0001789940-24-000117.md) | [896](/filings/0001789940-24-000146.md) | [919](/filings/0001789940-26-000014.md) | [948](/filings/0001789940-25-000041.md) | [1,075](/filings/0001789940-25-000072.md) | [1,113](/filings/0001789940-25-000086.md) | [1,116](/filings/0001789940-26-000090.md) | [1,146](/filings/0001789940-26-000060.md) | [1,187](/filings/0001789940-26-000090.md) |
| Shareholders' equity | $m | [557](/filings/0001789940-24-000146.md) | [561](/filings/0001789940-26-000014.md) | [574](/filings/0001789940-25-000086.md) | [586](/filings/0001789940-25-000086.md) | [589](/filings/0001789940-25-000086.md) | [595](/filings/0001789940-26-000090.md) | [596](/filings/0001789940-26-000090.md) | [601](/filings/0001789940-26-000090.md) | [607](/filings/0001789940-25-000086.md) | [626](/filings/0001789940-26-000090.md) | [628](/filings/0001789940-26-000090.md) | [634](/filings/0001789940-26-000090.md) |

- Cash and equivalents: us-gaap:CashAndCashEquivalentsAtCarryingValue
- Current assets: us-gaap:AssetsCurrent
- Total assets: us-gaap:Assets
- Current liabilities: us-gaap:LiabilitiesCurrent
- Total liabilities: us-gaap:Liabilities
- Shareholders' equity: us-gaap:StockholdersEquity

## Cash flow

| Line item | Unit | Q3 FY2023 (2023-09-24) | Q4 FY2023 (2023-12-31) | Q1 FY2024 (2024-03-31) | Q2 FY2024 (2024-06-30) | Q3 FY2024 (2024-09-29) | Q4 FY2024 (2024-12-29) | Q1 FY2025 (2025-03-30) | Q2 FY2025 (2025-06-29) | Q3 FY2025 (2025-09-28) | Q4 FY2025 (2025-12-28) | Q1 FY2026 (2026-03-29) | Q2 FY2026 (2026-06-28) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Operating cash flow | $m | [17.5 d](/filings/0001789940-24-000146.md) | [22.3 d](/filings/0001789940-26-000014.md) | [25.0](/filings/0001789940-25-000041.md) | [31.9 d](/filings/0001789940-25-000072.md) | [35.9 d](/filings/0001789940-25-000086.md) | [22.9 d](/filings/0001789940-26-000014.md) | [20.1](/filings/0001789940-26-000060.md) | [39.4 d](/filings/0001789940-26-000090.md) | [47.9 d](/filings/0001789940-25-000086.md) | [18.5 d](/filings/0001789940-26-000014.md) | [34.5](/filings/0001789940-26-000060.md) | [27.4 d](/filings/0001789940-26-000090.md) |
| Capital expenditure | $m | [23.1 d](/filings/0001789940-24-000146.md) | [30.6 d](/filings/0001789940-26-000014.md) | [28.6](/filings/0001789940-25-000041.md) | [29.6 d](/filings/0001789940-25-000072.md) | [29.1 d](/filings/0001789940-25-000086.md) | [40.6 d](/filings/0001789940-26-000014.md) | [36.5](/filings/0001789940-26-000060.md) | [41.1 d](/filings/0001789940-26-000090.md) | [42.5 d](/filings/0001789940-25-000086.md) | [36.8 d](/filings/0001789940-26-000014.md) | [29.3](/filings/0001789940-26-000060.md) | [40.5 d](/filings/0001789940-26-000090.md) |

- Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities
- Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment

## Shares

| Line item | Unit | Q3 FY2022 (2022-09-25) | Q1 FY2023 (2023-03-26) | Q2 FY2023 (2023-06-25) | Q3 FY2023 (2023-09-24) | Q1 FY2024 (2024-03-31) | Q2 FY2024 (2024-06-30) | Q3 FY2024 (2024-09-29) | Q1 FY2025 (2025-03-30) | Q2 FY2025 (2025-06-29) | Q3 FY2025 (2025-09-28) | Q1 FY2026 (2026-03-29) | Q2 FY2026 (2026-06-28) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Diluted shares (weighted) | millions of shares | [60.5](/filings/0001789940-23-000105.md) | [60.6](/filings/0001789940-24-000090.md) | [60.9](/filings/0001789940-24-000117.md) | [61.6](/filings/0001789940-24-000146.md) | [62.5](/filings/0001789940-25-000041.md) | [62.5](/filings/0001789940-25-000072.md) | [61.9](/filings/0001789940-25-000086.md) | [60.8](/filings/0001789940-26-000060.md) | [62.6](/filings/0001789940-26-000090.md) | [62.8](/filings/0001789940-25-000086.md) | [61.2](/filings/0001789940-26-000060.md) | [62.3](/filings/0001789940-26-000090.md) |

- Diluted shares (weighted): us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding

Shares outstanding: 61,712,435 at 2026-07-31, from the cover of the [10-Q filed 2026-08-04](/filings/0001789940-26-000090.md) (dei:EntityCommonStockSharesOutstanding).

Source: SEC EDGAR, XBRL company facts. Last ingested by Listed: Oct 24, 2026, 15:48 ET. No prices; not investment advice.