About First Watch Restaurant Group, Inc.
https://www.firstwatch.comFirst Watch Restaurant Group, Inc. operates and franchises restaurants under the First Watch trade name. As of March 23, 2022, it operated 341 company-owned restaurants and 94 franchised restaurants in 28 states in the United States. The company was formerly known as AI Fresh Super Holdco, Inc. and changed its name to First Watch Restaurant Group, Inc. in December 2019.
CEO
Christopher A. Tomasso
Compensation Summary
(Year 2024)
ETFs Holding This Stock
Summary
Showing Top 3 of 105
Ratings Snapshot
Rating : C-
Most Recent Analyst Grades
Raymond James
Strong Buy
Benchmark
Buy
TD Cowen
Buy
B of A Securities
Buy
TD Securities
Buy
Guggenheim
Buy
Grade Summary
Showing Top 6 of 9
Price Target
Institutional Ownership
ADVENT INTERNATIONAL CORP/MA
Shares:5.29M
Value:$87.65M
BLACKROCK, INC.
Shares:3.12M
Value:$51.7M
VANGUARD GROUP INC
Shares:2.89M
Value:$47.86M
Summary
Showing Top 3 of 197
About First Watch Restaurant Group, Inc.
https://www.firstwatch.comFirst Watch Restaurant Group, Inc. operates and franchises restaurants under the First Watch trade name. As of March 23, 2022, it operated 341 company-owned restaurants and 94 franchised restaurants in 28 states in the United States. The company was formerly known as AI Fresh Super Holdco, Inc. and changed its name to First Watch Restaurant Group, Inc. in December 2019.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q3-2025 | $316.02M ▲ | $57.82M ▲ | $2.99M ▲ | 0.95% ▲ | $0.05 ▲ | $29.9M ▲ |
| Q2-2025 | $307.89M ▲ | $52.37M ▼ | $2.11M ▲ | 0.68% ▲ | $0.03 ▲ | $25.71M ▲ |
| Q1-2025 | $282.24M ▲ | $214.48M ▲ | $-2.25M ▼ | -0.8% ▼ | $-0.01 ▼ | $11.69M ▼ |
| Q4-2024 | $263.29M ▲ | $47.45M ▲ | $699K ▼ | 0.27% ▼ | $0.01 ▼ | $19.71M ▼ |
| Q3-2024 | $251.61M | $43.32M | $2.11M | 0.84% | $0.03 | $22.09M |
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q3-2025 | $20.71M ▲ | $1.72B ▲ | $1.11B ▲ | $607.31M ▲ |
| Q2-2025 | $19.18M ▲ | $1.68B ▲ | $1.07B ▲ | $601.31M ▲ |
| Q1-2025 | $18.61M ▼ | $1.54B ▲ | $947.85M ▲ | $596.29M ▲ |
| Q4-2024 | $33.31M ▼ | $1.51B ▲ | $918.97M ▲ | $595.39M ▲ |
| Q3-2024 | $51.13M | $1.48B | $895.83M | $589.13M |
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q3-2025 | $2.99M ▲ | $47.88M ▲ | $-42.92M ▲ | $-3.42M ▼ | $1.54M ▲ | $5.01M ▲ |
| Q2-2025 | $2.11M ▲ | $39.43M ▲ | $-96.24M ▼ | $57.38M ▲ | $570K ▲ | $-2.02M ▲ |
| Q1-2025 | $-829K ▼ | $20.14M ▼ | $-36.6M ▲ | $1.76M ▲ | $-14.71M ▲ | $-16.42M ▲ |
| Q4-2024 | $699K ▼ | $22.92M ▼ | $-40.73M ▼ | $-7K ▼ | $-17.82M ▼ | $-17.75M ▼ |
| Q3-2024 | $2.11M | $35.86M | $-30.56M | $475K | $5.77M | $6.74M |
Revenue by Products
| Product | Q4-2024 | Q3-2025 | Q2-2025 | Q1-2025 |
|---|---|---|---|---|
 Franchise | $10.00M ▲ | $0 ▼ | $0 ▲ | $0 ▲ |
 Franchisor Owned Outlet | $520.00M ▲ | $310.00M ▼ | $300.00M ▼ | $280.00M ▼ |
 Initial Fees | $0 ▲ | $0 ▲ | $0 ▲ | $0 ▲ |
 InRestaurant Dining Sales | $430.00M ▲ | $250.00M ▼ | $250.00M ▲ | $0 ▼ |
 Royalty And System Fund Contributions | $10.00M ▲ | $0 ▼ | $0 ▲ | $0 ▲ |
 TakeOut Sales | $40.00M ▲ | $20.00M ▼ | $20.00M ▲ | $0 ▼ |
 ThirdParty Delivery Sales | $50.00M ▲ | $40.00M ▼ | $30.00M ▼ | $0 ▼ |
CEO
Christopher A. Tomasso
Compensation Summary
(Year 2024)
ETFs Holding This Stock
Summary
Showing Top 3 of 105
Ratings Snapshot
Rating : C-
Most Recent Analyst Grades
Raymond James
Strong Buy
Benchmark
Buy
TD Cowen
Buy
B of A Securities
Buy
TD Securities
Buy
Guggenheim
Buy
Grade Summary
Showing Top 6 of 9
Price Target
Institutional Ownership
ADVENT INTERNATIONAL CORP/MA
Shares:5.29M
Value:$87.65M
BLACKROCK, INC.
Shares:3.12M
Value:$51.7M
VANGUARD GROUP INC
Shares:2.89M
Value:$47.86M
Summary
Showing Top 3 of 197