First Watch Restaurant Group (NASDAQ: FWRG) stock: the official figures
First Watch Restaurant Group (First Watch Restaurant Group, Inc.) is listed on Nasdaq under the ticker FWRG and belongs to the consumer discretionary sector. In fiscal 2025 it reported revenue of $1,223m and a net profit of $19.4m, according to the annual accounts it filed with the regulator. Its fiscal year ends on 28 December.
Identifiers for First Watch Restaurant Group: SEC CIK 1789940.
Fiscal 2025 figures
| Item | 2025 | 2024 | Change |
|---|---|---|---|
| Revenue | $1,223m | $1,016m | +20.3% |
| Operating profit | $27.5m | $38.9m | −29.3% |
| Net profit | $19.4m | $18.9m | +2.7% |
| Earnings per share | $0.32 | $0.31 | +3.2% |
| Operating margin | 2.3% | 3.8% | −1.6 pts |
| Net margin | 1.6% | 1.9% | −0.3 pts |
| Total assets | $1,742m | $1,514m | +15.0% |
| Equity | $626.3m | $595.4m | +5.2% |
| Cash | $21.2m | $33.3m | −36.2% |
| Operating cash flow | $125.9m | $115.7m | +8.9% |
Margins are calculated from the filed figures: operating profit and net profit over revenue.
6 fiscal years
| Fiscal year | Revenue | Operating profit | Net profit | Earnings per share | Document |
|---|---|---|---|---|---|
| 2025 | $1,223m | $27.5m | $19.4m | $0.32 | Annual report |
| 2024 | $1,016m | $38.9m | $18.9m | $0.31 | Annual report |
| 2023 | $891.6m | $41.3m | $25.4m | $0.43 | Annual report |
| 2022 | $730.2m | $16.9m | $6.9m | $0.12 | Annual report |
| 2021 | $601.2m | $22.2m | −$2.1m | −$0.04 | Annual report |
| 2020 | $342.4m | −$47.2m | −$49.7m | −$1.10 | Annual report |
The full income statement, balance sheet and cash flow statement are in the annual accounts of First Watch Restaurant Group. Purchases and sales by its executives and directors are in insider transactions.
Members of Congress who traded First Watch Restaurant Group
In the congressional reports read up to 9 November 2026, 2 members have disclosed 4 transactions in First Watch Restaurant Group: Gilbert Ray Cisneros, Jr. (2), Josh Gottheimer (2).
Frequently asked questions about First Watch Restaurant Group
- How much did First Watch Restaurant Group earn in fiscal 2025?
- First Watch Restaurant Group reported a net profit of $19.4m for fiscal 2025, on revenue of $1,223m. The year before it reported a net profit of $18.9m.
- What are the earnings per share of First Watch Restaurant Group?
- They were $0.32 in fiscal 2025, compared with $0.31 the year before.
- Where is First Watch Restaurant Group listed?
- First Watch Restaurant Group is listed on Nasdaq under the ticker FWRG and belongs to the consumer discretionary sector.
- Where do the figures for First Watch Restaurant Group come from?
- From the annual report (Form 10-K) that First Watch Restaurant Group files with the SEC, the US securities regulator. Each fiscal year links to its filing.
Where each figure comes from
The annual accounts come from the annual report (Form 10-K) that First Watch Restaurant Group files with the SEC, the US securities regulator. Each fiscal year in the table links to its filing. Celsmar reads the tagged figures from the document and does not adjust them: if an item is not in the filing, it is not shown. More detail in data sources and, if you spot an error, in corrections. What Celsmar is and what it costs, in its fact sheet.
Information prepared from the accounts the company files with the regulator, for information purposes only. It is not financial advice or a recommendation to buy or sell. Updated on 12 November 2026.