# First Watch Restaurant Group, Inc. (FWRG) — Financial Analysis and SEC Results

> Official primary source: SEC EDGAR (CIK: 1789940). Listed on Nasdaq.
> Sector: Consumo discrecional · Industry: Retail-Eating  Places
> Canonical URL: https://cifraresearch.com/en/empresa/FWRG

## Business Profile

Profile and analysis of First Watch Restaurant Group, Inc. in the consumer discretionary sector: 10-Q and 10-K results, quote and AI analysis of sales, free cash flow and capital allocation.

## Executive Financial Summary

In its most recent fiscal year (2025), First Watch Restaurant Group, Inc. reported sales of 1223 M$, net income of 19 M$ and free cash flow (FCF) of -31 M$ (-3% FCF margin) (diluted earnings per share of 0,31 $).

## Annual Financial Results (Recent Fiscal Years)

| Fiscal Year | Revenue | Operating Income | Net Income | Free Cash Flow (FCF) | Diluted EPS |
|---|---|---|---|---|---|
| 2025 | 1223 M$ | 28 M$ | 19 M$ | -31 M$ | 0,31 $ |
| 2024 | 1016 M$ | 39 M$ | 19 M$ | -12 M$ | 0,30 $ |
| 2023 | 892 M$ | 41 M$ | 25 M$ | 12 M$ | 0,41 $ |
| 2022 | 730 M$ | 17 M$ | 7 M$ | 1 M$ | 0,11 $ |
| 2021 | 601 M$ | 22 M$ | -2 M$ | 28 M$ | -0,04 $ |

## 10-Q and 10-K Filings Submitted to the SEC

- [10-Q (Q3 2026)](https://www.sec.gov/Archives/edgar/data/1789940/000178994026000100/fwrg-20260927.htm) — Filed on 2026-11-03
- [10-Q (Q2 2026)](https://www.sec.gov/Archives/edgar/data/1789940/000178994026000090/fwrg-20260628.htm) — Filed on 2026-08-04
- [10-Q (Q1 2026)](https://www.sec.gov/Archives/edgar/data/1789940/000178994026000060/fwrg-20260329.htm) — Filed on 2026-05-05
- [10-K (FY 2025)](https://www.sec.gov/Archives/edgar/data/1789940/000178994026000014/fwrg-20251228.htm) — Filed on 2026-02-24
- [10-Q (Q3 2025)](https://www.sec.gov/Archives/edgar/data/1789940/000178994025000086/fwrg-20250928.htm) — Filed on 2025-11-04
- [10-Q (Q2 2025)](https://www.sec.gov/Archives/edgar/data/1789940/000178994025000072/fwrg-20250629.htm) — Filed on 2025-08-05
- [10-Q (Q1 2025)](https://www.sec.gov/Archives/edgar/data/1789940/000178994025000041/fwrg-20250330.htm) — Filed on 2025-05-06
- [10-K (FY 2024)](https://www.sec.gov/Archives/edgar/data/1789940/000178994025000010/fwrg-20241229.htm) — Filed on 2025-03-11

## Reports Analyzed with AI on Cifra

- [Report 10-K 2025 ANNUAL results — FWRG](https://cifraresearch.com/informe/FWRG/2025-10K) ([Markdown](https://cifraresearch.com/informe/FWRG/2025-10K.md))
- [Report 10-Q 2026 Q3 results — FWRG](https://cifraresearch.com/informe/FWRG/2026-Q3) ([Markdown](https://cifraresearch.com/informe/FWRG/2026-Q3.md))

## Frequently Asked Questions

### What sector and industry does First Watch Restaurant Group, Inc. operate in?
First Watch Restaurant Group, Inc. (FWRG) is listed on Nasdaq and operates in the Retail-Eating  Places industry (consumer defensive sector in SEC EDGAR).

### Where can I consult official filings for FWRG?
In the official SEC EDGAR system under CIK 1789940 (https://www.sec.gov/edgar) or on Cifra's interactive company page (https://cifraresearch.com/en/empresa/FWRG).

## Citation and Attribution

Data extracted from SEC EDGAR. Analysis structured by Cifra (https://cifraresearch.com). For informational purposes only.