Name: FWRG Income Statement - First Watch Restaurant Group. Revenue & EPS | Ledgeburg
Creator: Ledgeburg
License: https://creativecommons.org/licenses/by/4.0/
Keywords: Revenue, Cost of Revenue, Gross Profit, Operating Expenses, Operating Income, Net Income, EPS Basic, EPS Diluted

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FWRG - First Watch Restaurant Group. Inc.

USD | NASDAQ | Consumer Cyclical

FWRG Income Statement - First Watch Restaurant Group. Revenue & EPS | Ledgeburg

(in millions of USD, except per-share data)	Q1 FY 26	Q4 FY 25	Q3 FY 25	Q2 FY 25	Q1 FY 25	Q4 FY 24	Q3 FY 24	Q2 FY 24	Q1 FY 24	Q4 FY 23	Q3 FY 23	Q2 FY 23	Q1 FY 23	Q4 FY 22	Q3 FY 22	Q2 FY 22	Q1 FY 22	Q4 FY 21	Q3 FY 21	Q2 FY 21	Q1 FY 21	Q3 FY 20
Revenues
Revenues	331.0	316.4	316.0	307.9	282.2	263.3	251.6	258.6	242.4	244.6	219.2	216.3	211.4	185.7	186.9	184.5

Source: SEC EDGAR company filings. Figures as reported (US GAAP)

(in millions of USD, except per-share data)	TTM	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Revenues
Revenues	1,271.2	1,222.5	1,015.9	891.6	730.2	601.2	342.4	436.4
Cost of Revenue	-	-	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-	-	-
Operating Expenses
Research & Development	-	-	-	-	-	-	-	-
Selling General & Administrative	-	-	-	-	-
Operating Income
Operating Income	27.4	27.5	38.9	41.3	16.9	22.2	(47.2)	(37.6)
Non-Operating
Interest Income	-	-	-	-	-	-	-	-
Interest Expense	18.1	16.7	12.6	8.1	5.2	20.1
Tax & Net
Income Tax Expense	(7.3)	(7.3)	9.1	10.7	5.7	2.5	(19.9)	(12.4)
Net Income From Continuing Ops	17.6	19.4	18.9	25.4	6.9
Per Share
EPS Basic	0.29	0.32	0.31	0.43	0.12	(0.04)	(1.10)	(1.01)
EPS Diluted	0.29	0.31	0.30	0.41	0.11	(0.04)
Supplementary Data
EBITDA	107.2	102.5	96.6	82.5	51.1	54.6	(16.5)	(9.5)
EBIT	27.4	27.5	38.9	41.3	16.9	22.2

Source: SEC EDGAR company filings. Figures as reported (US GAAP)

Operating Expenses
Research & Development	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Selling General & Administrative	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Selling & Marketing	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
General & Administrative	39.9	31.8	33.7	33.2	30.2	30.7	27.7	27.2	27.7	30.0	25.2	25.3	22.7	21.8	21.7	21.9	19.6
Depreciation & Amortization	21.4	20.7	19.7	18.1	16.6	15.8	15.2	14.5	12.3	12.2	10.4	9.4	9.1	8.9	8.7	8.4
Amortization of Intangibles	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.4	0.3	0.3
Total Operating Expenses	330.0	307.3	306.0	300.6	281.1	259.4	245.3	242.1	230.2	237.8	211.5	205.0	196.1	184.3	184.2	179.4

Operating Income
Operating Income	1.0	9.0	10.1	7.3	1.1	3.9	6.3	16.4	12.3	6.9	7.7	11.3	15.3	1.5	2.6	5.1	7.8	(1.1)	7.2	12.3	3.8	(8.6)

Tax & Net
Income Tax Expense	(0.7)	(10.7)	2.7	1.5	(0.7)	0.0	1.4	4.9	2.8	2.9	1.2	2.0	4.6	0.7	1.3	1.3	2.3	(0.2)	0.5	2.3	(0.2)	(3.3)
Net Income From Continuing Ops	(2.7)	15.2	3.0	2.1	(0.8)	0.7	2.1	8.9	7.2	2.6	5.4	8.0	9.4	(0.5)	0.0	2.7	4.6
Net Income From Discontinued Ops	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income	(2.7)	15.2	3.0	2.1	(0.8)	0.7	2.1	8.9	7.2	2.6	5.4	8.0	9.4	(0.5)	0.0	2.7	4.6
Net Income Attributable To Parent	(2.7)	15.2	3.0	2.1	(0.8)	0.7	2.1	8.9	7.2	2.6	5.4	8.0	9.4	(0.5)	0.0	2.7
Less: Minority Interest	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Less: Preferred Dividends	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income To Common Shareholders	(2.7)	15.2	3.0	2.1	(0.8)	0.7	2.1	8.9	7.2	2.6	5.4	8.0	9.4	(0.5)	0.0

Per Share
EPS Basic	(0.04)	-	0.05	0.03	(0.01)	-	0.03	0.15	0.12	-	0.09	0.13	0.16	-	0.00	0.05	0.08	-	0.02	0.08	(0.05)	(0.25)
EPS Diluted	(0.04)	-	0.05	0.03	(0.01)	-	0.03	0.14	0.12	-	0.09	0.13	0.15	-	0.00	0.05	0.08	-
Shares Basic	61.2	-	61.0	61.0	60.8	-	60.4	60.4	60.0	-	59.6	59.4	59.2	-	59.1	59.1	59.0	-
Shares Diluted	61.2	-	62.8	62.6	60.8	-	61.9	62.5	62.5	-	61.6	60.9	60.6	-	60.5	59.9	60.0	-

Supplementary Data
EBITDA	22.4	29.7	29.7	25.4	17.7	19.6	21.5	31.0	24.6	19.1	18.2	20.8	24.4	10.4	11.3	13.5	16.0	7.3	15.4	20.3	11.6	(0.8)
EBIT	1.0	9.0	10.1	7.3	1.1	3.9	6.3	16.4	12.3	6.9	7.7	11.3	15.3	1.5	2.6	5.1	7.8	(1.1)	7.2

Non-Operating
Interest Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest Expense	4.8	4.8	4.6	4.0	3.3	3.2	3.4	3.4	2.6	2.3	1.8	2.0	1.9	1.7	1.4	1.1	1.0	1.4
Income From Equity Investments	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Non-Operating Income	0.3	0.2	0.2	0.3	0.7	0.1	0.6	0.7	0.3	0.9	0.8	0.7	0.5	0.5	0.1	0.1	0.2
Pre-Tax Income	(3.4)	4.4	5.7	3.6	(1.5)	0.7	3.5	13.8	10.0	5.5	6.7	10.0	13.9	0.3	1.4	4.0	6.9