First Watch Restaurant Group, Inc.
First Watch Restaurant Group, Inc. (FWRG) Financial Performance & Income Statement Overview
Review First Watch Restaurant Group, Inc. (FWRG) income statement, balance sheet, and cash flow reports with annual and quarterly breakdowns.
First Watch Restaurant Group, Inc. (FWRG) Income Statement & Financial Overview
Explore comprehensive income reports for First Watch Restaurant Group, Inc. FWRG, broken down by year and quarter.
| Metric | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 |
|---|---|---|---|---|
| Revenue | $307.89M | $282.24M | $263.29M | $251.61M |
| Cost of Revenue | $71.98M | $66.65M | $211.97M | $199.96M |
| Gross Profit | $235.91M | $215.59M | $51.32M | $51.65M |
| Gross Profit Ratio | $0.77 | $0.76 | $0.19 | $0.21 |
| R&D Expenses | $0.00 | $0.00 | $0.00 | $0.00 |
| SG&A Expenses | $33.19M | $30.22M | $31.59M | $27.68M |
| Operating Expenses | $228.60M | $214.48M | $47.45M | $45.33M |
| Total Costs & Expenses | $300.57M | $281.13M | $261.94M | $245.30M |
| Interest Income | $0.00 | $0.00 | $0.00 | $0.00 |
| Interest Expense | -$4.003M | -$3.33M | $3.22M | $3.44M |
| Depreciation & Amortization | $18.14M | $16.56M | $15.76M | $15.15M |
| EBITDA | $17.71M | $11.69M | $19.71M | $22.09M |
| EBITDA Ratio | $0.06 | $0.04 | $0.07 | $0.09 |
| Operating Income | $7.31M | $1.11M | $3.86M | $6.31M |
| Operating Income Ratio | $0.02 | $0.004 | $0.01 | $0.03 |
| Other Income/Expenses (Net) | -$3.74M | -$2.65M | -$3.12M | -$2.82M |
| Income Before Tax | $3.58M | -$1.54M | $738000.00 | $3.50M |
| Income Before Tax Ratio | $0.01 | -$0.005 | $0.003 | $0.01 |
| Income Tax Expense | -$1.47M | $708000.00 | $39000.00 | -$1.38M |
| Net Income | $5.05M | -$2.25M | $699000.00 | $4.88M |
| Net Income Ratio | $0.02 | -$0.008 | $0.003 | $0.02 |
| EPS | $0.03 | -$0.01 | $0.01 | $0.08 |
| Diluted EPS | $0.03 | -$0.01 | $0.01 | $0.08 |
| Weighted Avg Shares Outstanding | $61.006M | $60.77M | $60.64M | $60.43M |
| Weighted Avg Shares Outstanding (Diluted) | $62.58M | $60.77M | $62.34M | $61.85M |
The company's financials show resilient growth, with revenue advancing from $251.61M in Q3 2024 to $307.89M in Q2 2025. Gross profit remained healthy with margins at 77% in Q2 2025 compared to 21% in Q3 2024. Operating income hit $7.31M last quarter, sustaining a consistent 2% margin. Changes in R&D and SG&A spending did not hinder EBITDA, which stood at $17.71M. Net income rose to $5.05M, while earnings per share reached $0.03. Strong cost management and operational efficiency kept profitability intact, underlining the company's stable and competitive market performance.
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