First Watch Restaurant Group, Inc. (FWRG)

Nasdaq · Consumer Cyclical · Restaurants

$10.51−0.57%as of Oct 6, 2026, 4:35 AM ET

Market cap
$649M
P/E (trailing)
37.5
Forward P/E
42.8
52-week range
$9.88 – $18.82
52-week change
−33.27%
EPS (trailing)
$0.28
Analyst rating
1.0 Strong buy
Next earnings
Nov 3, 2026

Fiscal year to Dec 2025

Revenue
$1.2B (+20.34%)
Net income
$19.4M
Operating margin
2.3%
Diluted EPS
$0.31
Free cash flow
−$31.0M

From the company’s annual report on SEC EDGAR.

About First Watch Restaurant Group, Inc.

First Watch Restaurant Group, Inc., through its subsidiaries, operates and franchises restaurants under the First Watch trade name in the United States. The company was formerly known as AI Fresh Super Holdco, Inc. and changed its name to First Watch Restaurant Group, Inc. in December 2019. First Watch Restaurant Group, Inc. was founded in 1983 and is based in Bradenton, Florida.

Headquarters: Bradenton, United States · 18,000 employees · firstwatch.com