NASDAQ · RETAIL-EATING PLACES · LARGE CAP
First Watch Restaurant Group, Inc. FWRG
7 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY
Revenue · FY2025
$1.2B
▲ 20.3% vs FY2024
EPS · FY25
$0.31
Dividend / sh · FY25
—
Payout · FY25
—
ROE · FY25
3.2%
Net margin · FY25
1.6%
Dividend coverage
—
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Result
USD 1.2B
Revenue, FY2025 · full 7-year series below
Revenue
Net income
2 cents of every revenue dollar became profit this year.
Per share
USD 0.31
Diluted EPS, FY2025
EPS
The company pays no cash dividend.
Profitability
3.2%
Return on equity, FY2025
ROE
Operating margin2.3%
Net margin1.6%
Return on assets1.2%
Each USD of equity produced 3 cents of profit this year.
Returned to shareholders
—
returned in FY2025 · dividends + net buybacks
Dividends paid—
Net buybacks—
Share of profit—
Consecutive raises—
Growth
+29.0% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
+18.7%
+29.0%
Net income
+41.2%
EPS, diluted
+41.3%
Compound annual rates per period — left blank where the series crosses a loss.
Share base
0.06B
Shares outstanding, FY2025
Change, 5 years+34.8%
Change, 10 years—
The share count grew 35% in five years — the same company, cut into more, smaller slices.
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Balance sheet
USD 1.7B
total assets, end of FY2025
Total assetsUSD 1.7B
EquityUSD 626.3M
CashUSD 21.2M
Gross debtUSD 269.1M
Net debtUSD 247.8M
Current ratio0.29×
Net debt stands at 40% of equity.
History
7 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
Revenue $B
1.2
1.0
0.9
0.7
0.6
0.3
0.4
Operating income $B
0.0
0.0
0.0
0.0
0.0
−0.0
−0.0
EBITDA $B
0.1
0.1
0.1
0.1
0.1
−0.0
−0.0
Income tax $B
−0.0
0.0
0.0
0.0
0.0
−0.0
−0.0
Net income $B
0.0
0.0
0.0
0.0
−0.0
−0.0
−0.0
EPS, diluted $
0.31
0.30
0.41
0.11
−0.04
−1.10
−1.01
Dividend / sh $
·
·
·
·
·
·
·
Payout %
·
·
·
·
·
·
·
ROE %
3.2
3.3
4.7
1.3
−0.5
−15.3
−13.8
Shares out B
0.06
0.06
0.06
0.06
0.06
0.05
·
Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.
How we verifyAUDITED
19 of 19
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity
Every figure was compared against the original statement: 0 failures and 0 presentation gaps.
What we don’t show
We’d rather say what’s missing than fill the gap with an estimate.
P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed