First Watch Restaurant Group, Inc. Income Statement
FWRG / Consumer Discretionary|7 years of annual SEC 10-K data (FY2019-FY2025)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 7 fiscal years. All figures from audited SEC 10-K filings.
First Watch Restaurant Group, Inc. reported $1.2B in revenue and $19M in net income for FY2025. Revenue has grown at a 18.7% compound annual rate over the past 6 years.
Based on SEC 10-K filings.
Key Data Points
- Altman Z-Score 0.92 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Revenue | $1.2B | $1.0B | $891.6M | $342.4M | $601.2M | $342.4M | $436.4M |
| SG&A Expense | $128.9M | $113.3M | $103.1M | $46.3M | $70.4M | $46.3M | $55.8M |
| Operating Income | $27.5M | $38.9M | $41.3M | -$47.2M | $22.2M | -$47.2M | -$37.6M |
| Interest Expense | $18.7M | $14.3M | $8.1M | $22.8M | $20.1M | $22.8M | $20.1M |
| Income Tax | -$7.3M | $9.1M | $10.7M | -$19.9M | $2.5M | -$19.9M | -$12.4M |
| Net Income | $19.4M | $18.9M | $25.4M | -$49.7M | -$2.1M | -$49.7M | -$45.4M |
| EPS (Basic) | $0.32 | $0.31 | $0.43 | -$1.10 | -$0.04 | -$1.10 | -$1.01 |
| EPS (Diluted) | $0.31 | $0.30 | $0.41 | -$1.10 | -$0.04 | -$1.10 | -$1.01 |
| Shares Outstanding | 60.7M | 60.7M | 59.9M | 59.0M | 45.0M | 45.0M | 45.0M |
| Operating Margin | 2.3% | 3.8% | 4.6% | -13.8% | 3.7% | -13.8% | -8.6% |
| Profit Margin | 1.6% | 1.9% | 2.9% | -14.5% | -0.4% | -14.5% | -10.4% |