First Watch Restaurant Group, Inc. (FWRG) Quarterly Income Statement

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First Watch Restaurant Group, Inc. (FWRG) quarterly income statement — complete revenue, gross profit & net income history

Quarterly statement

FWRG Income Statement

First Watch Restaurant Group, Inc. (FWRG) annual income statement — 8-year revenue, gross profit & net income history

Annual Quarterly

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22	Q4'21

Sales/Revenue	349.86M	354.67M	330.96M	316.35M	316.02M	307.89M	282.24M	263.29M	251.61M	258.56M	242.45M	244.63M	219.21M	216.3M	211.41M	185.75M	186.85M	184.45M	173.11M	162.62M
Revenue Growth %	10.71%	15.2%	17.26%	20.15%	25.6%	19.08%	16.41%	7.63%	14.78%	19.54%	14.68%	31.7%	17.32%	17.27%	22.12%	14.22%	18.68%	19.8%	36.13%	48.66%
Cost of Goods Sold	279.38M	82.59M	288.69M	254.41M	248.15M	248.21M	66.65M	211.97M	201.97M	199.51M	189.45M	194.25M	175.13M	168.19M	163.87M	152.69M	152.11M	148.6M	137.23M	127.72M
COGS % of Revenue	79.85%	23.29%	87.23%	80.42%	78.52%	80.62%	23.61%	80.51%	80.27%	77.16%	78.14%	79.4%	79.89%	77.76%	77.51%	82.2%	81.4%	80.56%	79.27%	78.54%
Gross Profit	70.48M	272.08M	42.27M	61.94M	67.87M	59.68M	215.59M	51.32M	49.63M	59.05M	53M	50.38M	44.08M	48.11M	47.54M	33.06M	34.75M	35.85M	35.88M	34.9M
Gross Margin %	20.15%	76.71%	12.77%	19.58%	21.48%	19.38%	76.39%	19.49%	19.73%	22.84%	21.86%	20.6%	20.11%	22.24%	22.49%	17.8%	18.6%	19.44%	20.73%	21.46%
Gross Profit Growth %	3.84%	355.9%	-80.39%	20.71%	36.75%	1.07%	306.76%	1.85%	12.6%	22.74%	11.49%	52.42%	26.87%	34.2%	32.49%	-5.27%	6.59%	-1.32%	51.28%	124.76%
Operating Expenses	59.43M	238.28M	39.57M	52.46M	57.82M	52.37M	214.48M	47.45M	43.32M	42.6M	40.72M	43.53M	36.34M	36.77M	32.21M	31.58M	32.13M	30.8M	28.12M	35.96M
OpEx % of Revenue	16.99%	67.18%	11.96%	16.58%	18.3%	17.01%	75.99%	18.02%	17.22%	16.48%	16.79%	17.79%	16.58%	17%	15.24%	17%	17.19%	16.7%	16.25%	22.12%
Selling, General & Admin	35.24M	38.73M	39.57M	31.8M	36.84M	33.19M	30.22M	30.74M	27.68M	27.19M	27.66M	29.95M	25.18M	25.28M	22.7M	21.77M	21.69M	21.94M	19.56M	26.03M
SG&A % of Revenue	10.07%	10.92%	11.96%	10.05%	11.66%	10.78%	10.71%	11.68%	11%	10.52%	11.41%	12.24%	11.49%	11.69%	10.74%	11.72%	11.61%	11.9%	11.3%	16.01%
Research & Development	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	1000K	1000K	0	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Operating Income	11.05M	33.8M	2.7M	9.48M	10.05M	7.31M	1.11M	3.86M	6.31M	16.45M	12.29M	6.86M	7.74M	11.34M	15.33M	1.48M	2.62M	5.05M	7.76M	-1.07M
Operating Margin %	3.16%	9.53%	0.82%	3%	3.18%	2.38%	0.39%	1.47%	2.51%	6.36%	5.07%	2.8%	3.53%	5.24%	7.25%	0.8%	1.4%	2.74%	4.48%	-0.66%
Operating Income Growth %	9.93%	362.14%	142.95%	145.66%	59.2%	-55.54%	-90.94%	-43.68%	-18.42%	45%	-19.86%	363.49%	195.23%	124.48%	97.56%	238.61%	-63.36%	-58.96%	101.82%	77.44%
EBITDA	33.75M	55.63M	24.1M	30.14M	29.71M	25.45M	17.67M	19.62M	21.47M	30.98M	24.56M	19.09M	18.17M	20.78M	24.45M	10.41M	11.3M	13.45M	15.98M	7.35M
EBITDA Margin %	9.65%	15.69%	7.28%	9.53%	9.4%	8.27%	6.26%	7.45%	8.53%	11.98%	10.13%	7.8%	8.29%	9.61%	11.56%	5.6%	6.05%	7.29%	9.23%	4.52%
EBITDA Growth %	13.58%	118.61%	36.39%	53.66%	38.41%	-17.86%	-28.04%	2.78%	18.13%	49.07%	0.45%	83.4%	60.81%	54.49%	52.96%	41.65%	-26.41%	-33.69%	37.42%	135.56%
D&A (Non-Cash Add-back)	22.7M	21.84M	21.4M	20.66M	19.66M	18.14M	16.56M	15.76M	15.15M	14.54M	12.27M	12.23M	10.43M	9.44M	9.12M	8.93M	8.68M	8.4M	8.22M	8.41M
EBIT	11.41M	-1.52M	1.34M	9.21M	10.24M	7.58M	-4.87M	3.96M	6.94M	17.16M	12.61M	7.78M	8.51M	12.03M	15.82M	1.99M	2.74M	5.17M	7.92M	-3.38M
Net Interest Income	-4.93M	4.89M	-4.78M	-4.79M	-4.57M	-4M	-3.33M	-3.22M	-3.44M	-3.38M	-2.6M	-2.27M	-1.85M	-2.04M	-1.91M	-1.74M	-1.36M	-1.13M	-1.01M	-1.44M
Interest Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Expense	4.93M	-4.89M	4.78M	4.79M	4.57M	4M	3.33M	3.22M	3.44M	3.38M	2.6M	2.27M	1.85M	2.04M	1.91M	1.74M	1.36M	1.13M	1.01M	1.44M
Other Income/Expense	-4.57M	-30.43M	-6.14M	-5.07M	-4.38M	-3.74M	-2.65M	-3.12M	-2.82M	-2.67M	-2.27M	-1.35M	-1.08M	-1.35M	-1.41M	-1.22M	-1.25M	-1.01M	-843K	-3.75M
Pretax Income	6.48M	3.37M	-3.43M	4.42M	5.67M	3.58M	-1.54M	738K	3.5M	13.78M	10.01M	5.5M	6.66M	9.99M	13.92M	256K	1.38M	4.04M	6.92M	-4.82M
Pretax Margin %	1.85%	0.95%	-1.04%	1.4%	1.8%	1.16%	-0.54%	0.28%	1.39%	5.33%	4.13%	2.25%	3.04%	4.62%	6.58%	0.14%	0.74%	2.19%	4%	-2.96%
Income Tax	1.69M	-1.03M	-749K	-10.74M	2.68M	1.47M	708K	39K	1.38M	4.88M	2.8M	2.86M	1.24M	2.03M	4.56M	742K	1.33M	1.34M	2.28M	-167K
Effective Tax Rate %	26.09%	-30.55%	21.81%	-243.08%	47.29%	41.11%	-46.06%	5.28%	39.59%	35.41%	27.95%	51.9%	18.66%	20.34%	32.75%	289.84%	96.65%	33.04%	32.92%	3.46%
Net Income	4.79M	2.34M	-2.69M	15.16M	2.99M	2.11M	-2.25M	699K	2.11M	8.9M	7.21M	2.65M	5.42M	7.96M	9.36M	-486K	46K	2.71M	4.64M	-4.65M
Net Margin %	1.37%	0.66%	-0.81%	4.79%	0.95%	0.68%	-0.8%	0.27%	0.84%	3.44%	2.98%	1.08%	2.47%	3.68%	4.43%	-0.26%	0.02%	1.47%	2.68%	-2.86%
Net Income Growth %	60.05%	11.06%	-19.6%	2069.38%	41.62%	-76.34%	-131.12%	-73.6%	-61.02%	11.82%	-22.93%	644.86%	11678.26%	194.02%	101.72%	89.56%	-94.13%	-28.86%	327.23%	34.63%
Net Income (Continuing)	4.79M	4.4M	-2.69M	15.16M	2.99M	2.11M	-2.25M	699K	2.11M	8.9M	7.21M	2.65M	5.42M	7.96M	9.36M	-486K	46K	2.71M	4.64M	-4.65M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)	0.08	0.04	-0.04	0.24	0.05	0.03	-0.01	0.01	0.03	0.14	0.12	0.04	0.09	0.13	0.15	-0.01	0.00	0.05	0.08	-0.08
EPS Growth %	68.07%	19.05%	-222.06%	2300%	58.67%	-76%	-111.33%	-76.64%	-66.67%	7.69%	-20%	-	-	160%	87.5%	89.75%	-94.12%	-24.24%	325.99%	57.89%
EPS (Basic)	0.08	0.04	-0.04	0.25	0.05	0.03	-0.01	0.01	0.03	0.15	0.12	0.04	0.09	0.13	0.16	-0.01	0.00	0.05	0.08	-0.08
Diluted Shares Outstanding	62.55M	62.3M	61.24M	62.84M	62.83M	62.58M	60.77M	62.34M	61.85M	62.46M	62.48M	61.83M	61.56M	60.94M	60.6M	59.19M	60.46M	59.89M	59.98M	57.81M
Basic Shares Outstanding	61.72M	61.67M	61.24M	60.96M	61.03M	61.01M	60.77M	60.64M	60.43M	60.38M	60.01M	59.77M	59.65M	59.39M	59.24M	59.19M	59.09M	59.06M	59.05M	57.81M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-