Company / Net Income
First Watch Restaurant Group, Inc. Net Income History
FY2019-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Net Income
$19.4M
FY2025
5-year range
-$49.7M / $25.4M
FY2021-FY2025
Trend
+2.7%
vs FY2024
Sector context
#188 of 234
Consumer Discretionary
What the data says
First Watch Restaurant Group, Inc.'s net income of $19M is lower than 80% of companies in the Consumer Discretionary sector (FY2025). Net Income has fluctuated over the past 7 years, ranging from -$50M in FY2022 to $25M in FY2023.
Based on SEC 10-K filings.
$19M in FY2025.
Declined from $25M to $19M over the past 2 years.
Consumer Discretionary sector context is included.
Net Income over time
Growth rates
- 3-Year CAGR
- -
- 5-Year CAGR
- -
- 10-Year CAGR
- -
Sector benchmark
Bottom 20% in Consumer DiscretionaryTop 80% of 234This company $19.4M Sector average $799.9M
▼
-97.6% below sector average
Key checks
Key Insights
- In FY2025, net income increased 2.7% year-over-year.
- Ranks #188 out of 234 companies in the Consumer Discretionary sector.
- Peak net income was recorded in FY2023.
- Lowest net income in the period was in FY2022.
Company context
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.
Annual data
| Year | Net IncomeValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $19.4M | +2.7% |
| FY2024 | $18.9M | -25.4% |
| FY2023 | $25.4M | +151.1% |
| FY2022 | -$49.7M | -9.3% |
| FY2021 | -$45.4M | +8.5% |
| FY2020 | -$49.7M | -9.3% |
| FY2019 | -$45.4M | - |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026