First Watch Restaurant Group, Inc.
Financial highlights
| Metric | FY December 28, 2025 | FY December 29, 2024 | FY December 31, 2023 | FY December 25, 2022 | FY December 26, 2021 |
|---|---|---|---|---|---|
| Revenue | $1.2B | $1.0B | $891.6M | $730.2M | $601.2M |
| Operating income | $27.5M | $38.9M | $41.3M | $16.9M | $22.2M |
| Cash from operations | $125.9M | $115.7M | $95.3M | $62.9M | $63.0M |
| Capital expenditure | $156.9M | $127.9M | $83.3M | $62.2M | $35.3M |
| Free cash flow | -$31.0M | -$12.2M | $12.0M | $718,000 | $27.7M |
| Impairments | $0 | $0 | $0 | $0 | $0 |
| Total assets | $1.7B | $1.5B | $1.3B | $1.1B | $1.0B |
| Total liabilities | $1.1B | $919.0M | $705.8M | $581.3M | $542.5M |
| Total debt | $267.6M | $193.8M | $92.5M | $98.1M | $100.0M |
Shares outstanding 61.6M · Free float 6.5%
Annual filing data through FY ended December 28, 2025; float as of June 27, 2026.