Company profile
First Watch Restaurant Group, Inc.
NASDAQ: FWRG · Consumer Cyclical · Restaurants
#238 of 625 Consumer Cyclical companies by revenuetop-quartile growth
EA Score
51DFH 51DQ 42GM 71SS 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
18,000
as of 2026-08-11
Market cap
$742.4M
as of 2026-08-11
Financials — latest annual
SEC EDGAR · USD-normalizedConceptUSDNativeFY
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
FY21
FY21
FY21
FY22
FY23
FY24
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
What is First Watch Restaurant Group, Inc.’s revenue?
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
Stitch Fix, Inc.42DLeslie's, Inc.30DRevolve Group, Inc.62CDorel Industries Inc.32DRed Robin Gourmet Burgers, Inc.53DSportsman's Warehouse Holdings, Inc.51DNeighbors
Manatee →Key facts
CEOChristopher A. Tomasso
SectorConsumer Cyclical
IndustryRestaurants
HeadquartersBradenton, FL
ExchangeNASDAQ: FWRG
Employees18,000
IPO date2021-10-01
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.