Company / SG&A Expense
First Watch Restaurant Group, Inc. SG&A Expense History
FY2019-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest SG&A Expense
$128.9M
FY2025
5-year range
$46.3M / $128.9M
FY2021-FY2025
Trend
+13.8%
vs FY2024
Sector context
#197 of 222
Consumer Discretionary
What the data says
First Watch Restaurant Group, Inc.'s sg&a expense of $129M is lower than 89% of companies in the Consumer Discretionary sector (FY2025). SG&A Expense has increased for 3 consecutive years, from $46M in FY2022 to $129M in FY2025.
Based on SEC 10-K filings.
$129M in FY2025 with a 5-year CAGR of +22.7%.
Increased from $103M to $129M over the past 2 years.
Consumer Discretionary sector context is included.
SG&A Expense over time
Growth rates
- 3-Year CAGR
- +40.7%
- 5-Year CAGR
- +22.7%
- 10-Year CAGR
- -
Sector benchmark
Top 11% in Consumer DiscretionaryTop 11% of 222This company $128.9M Sector average $1.5B
▼
-91.5% below sector average
Key checks
Key Insights
- First Watch Restaurant Group, Inc.'s sg&a expense has grown for 3 consecutive years.
- 5-year CAGR of +22.7%, indicating consistent growth.
- In FY2025, sg&a expense increased 13.8% year-over-year.
- Ranks #197 out of 222 companies in the Consumer Discretionary sector.
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 | SG&A ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $128.9M | +13.8% |
| FY2024 | $113.3M | +9.8% |
| FY2023 | $103.1M | +122.6% |
| FY2022 | $46.3M | -17.0% |
| FY2021 | $55.8M | +20.5% |
| FY2020 | $46.3M | -17.0% |
| FY2019 | $55.8M | - |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026