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Companies/First Watch Restaurant Group, Inc.
Company profile

First Watch Restaurant Group, Inc.

NASDAQ: FWRG · Consumer Cyclical · Restaurants
PublicHQ Bradenton, FL · ManateeCIK 0001789940Reports USD
#237 of 624 Consumer Cyclical companies by revenuetop-quartile growth
EA Score
51D
FH 51DQ 41GM 70SS 53
v0.1 · 65/100 weight · provisional
↑ revenue growth (YoY), workforce scale · ↓ listing tenure, disclosure history
Methodology →
Revenue TTM
$1.3B
Rev growth YoY (TTM)
+20.4%
Net income (FY)
$19.4M
Employees
15,000
Market cap
$806.9M
OverviewFinancialsSegmentsFilingsESGPeople & Places

Financials — latest annual

SEC EDGAR · USD-normalized
ConceptUSDNativeFY
Revenue$1.2B$1.2B2025
Net income$19.4M$19.4M2025
Operating income$27.5M$27.5M2025
Total assets$1.7B$1.7B2025
Liabilities$1.1B$1.1B2025
Equity$626.3M$626.3M2025

Revenue trend

FY2021 – FY2025 · USD
$436.4M
FY21
$342.4M
FY21
$601.2M
FY21
$730.2M
FY22
$891.6M
FY23
$1.0B
FY24
$1.2B
FY25

Revenue by segment

Filed disclosures · FY2025
By product
Franchisor Owned Outlet50%
In-Restaurant Dining Sales40%
Third-Party Delivery Sales6%
Take-Out Sales4%
Franchise0%
Royalty And System Fund Contributions0%
By geography

Not disclosed.

The read

First Watch Restaurant Group, Inc. booked $1.2B in FY2025 revenue, growing 20% year over year — faster than most Consumer Cyclical companies we track, at a 1.6% net margin.

Peers · Consumer Cyclical
Sabre Corporation63CCascades Inc.——Cannae Holdings, Inc.40DHyliion Holdings Corp.37D
Neighbors
Manatee →
Rumble Inc.$100.6M44DRecreatives Industries, Inc.——Token Communities Ltd.$356.6k13DJupiter Marine International Holdings, Inc.$15.2M——Rainforest Resources, Inc.$0——Hunt Gold Corporation——
Key facts
CEOChristopher A. Tomasso
SectorConsumer Cyclical
IndustryRestaurants
HeadquartersBradenton, FL
ExchangeNASDAQ: FWRG
Employees15,000
IPO date2021-10-01
Latest filings
8-K2026-06-088-K2026-05-2110-Q2026-05-058-K2026-05-05DEF 14A2026-04-088-K2026-03-278-K2026-02-2410-K2026-02-24
Financials: SEC EDGAR (XBRL), USD-normalized per IAS 21 · TTM/quarterly + segments: FMP from filed disclosures · Filings: EDGAR submissions. County headcount and EA Score are in progress — see docs/DATA_GAPS.md.
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