First Watch Restaurant Group, Inc.
First Watch Restaurant Group, Inc. (Nasdaq: FWRG) operates a daytime dining restaurant business focused on made-to-order breakfast, brunch and lunch. Its menu features seasonal dishes, classic breakfast and lunch items, fresh juices and coffee, with ingredients prepared in its restaurants; customers can dine in or… From the company’s description.
Over the twelve months to Sep 27, 2026, First Watch Restaurant Group, Inc. reported revenue of $1.35B, up 15.6% from a year earlier, and net income of $19.61M. Its operating margin was 2.2%, and operations generated $128.91M in cash. In fiscal 2025, it reported revenue of $1.22B, up 20.3% from fiscal 2024, and net income of $19.43M.
Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.
What First Watch Restaurant Group, Inc. does
In the company’s own words
First Watch Restaurant Group, Inc. (Nasdaq: FWRG) operates a daytime dining restaurant business focused on made-to-order breakfast, brunch and lunch. Its menu features seasonal dishes, classic breakfast and lunch items, fresh juices and coffee, with ingredients prepared in its restaurants; customers can dine in or order takeout and delivery. The company operates one reportable segment and sells through company-owned and franchise-owned restaurants. At December 28, 2025, it had 633 restaurants in 32 states, including 560 company-owned and 73 franchise-owned locations, and more than 17,500 restaurant employees. First Watch changes its menu four to five times a year and operates restaurants during the daytime, generally from 7:00 a.m. to 2:30 p.m. The business began in 1983 and has grown through new restaurant openings as well as purchases of franchise-operated locations; in 2025, it acquired 19 operating restaurants in two transactions. Its website is www.firstwatch.com.
Company details
- Sector
- Consumer Discretionary
- Industry (SIC)
- Restaurants
- Headquarters
- BRADENTON, FL
- Fiscal year end
- December
- CIK
- 1789940
- SIC
- 5812
Financial performance, year by year
Fiscal 2021–2025 · USDThe full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.
Who owns First Watch Restaurant Group, Inc. — and what changed
Funds as of 2026Q2 · superinvestors as of 2026-06-30
Largest fund holders · First Watch Restaurant Group, Inc.’s weight in each
Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.
Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.
Could not be determined for this company: bond issues.
Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.
Recent filings
All filings →Each filing opens into its own statements and disclosures here.
Put this business in context.
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