First Watch Restaurant Group, Inc.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | $1.22B | $1.02B | $891.6M | $730.2M | $601.2M | $342.4M | $436.4M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | $129.0M | $113.3M | $103.1M | $85.0M | $70.4M | $46.3M | $55.8M |
| Operating Income | — | $27.5M | $38.9M | $41.3M | $16.9M | $22.2M | $-47.2M | $-37.6M |
| Operating Margin | — | 2.3% | 3.8% | 4.6% | 2.3% | 3.7% | -13.8% | -8.6% |
| Interest Expense | — | $18.7M | $14.3M | $8.1M | $5.2M | $20.1M | $22.8M | $20.1M |
| Pretax Income | — | $12.1M | $28.0M | $36.1M | $12.6M | $370.0K | $-69.6M | $-57.9M |
| Income Tax Expense | — | $-7.3M | $9.1M | $10.7M | $5.7M | $2.5M | $-19.9M | $-12.4M |
| Net Income | — | $19.4M | $18.9M | $25.4M | $6.9M | $-2.1M | $-49.7M | $-45.4M |
| Net Margin | — | 1.6% | 1.9% | 2.8% | 0.9% | -0.4% | -14.5% | -10.4% |
| EPS (Basic) | — | $0.32 | $0.31 | $0.43 | $0.12 | $-0.04 | $-1.10 | $-1.01 |
| EPS (Diluted) | — | $0.31 | $0.30 | $0.41 | $0.11 | $-0.04 | $-1.10 | $-1.01 |
| Shares Outstanding (Basic) | 61.1M | 61.0M | 60.4M | 59.5M | 59.1M | 48.2M | 45.0M | 45.0M |
| Shares Outstanding (Diluted) | 61.1M | 62.8M | 62.4M | 61.2M | 60.1M | 48.2M | 45.0M | 45.0M |
| Dividends Per Share | — | — | — | — | — | — | — | — |