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FWRG · NASDAQ

First Watch Restaurant Group (FWRG) Stock Price & Fundamentals

$502.35−0.33%−$1.67End-of-day price as of Oct 9, 2026

First Watch Restaurant Group (FWRG) closed at $502.35 on Oct 9, 2026, down 0.33% from the previous close of $504.02.

Share price, past year

1Y +35.15%

52-week range $371.69 – $517.66. Daily closing prices.
Monthly closing prices
Last closing price of each month
DateClose
Oct 9, 2026$502.35
Sep 30, 2026$517.66
Aug 31, 2026$502.14
Jul 31, 2026$473.01
Jun 30, 2026$472.88
May 29, 2026$488.89
Apr 30, 2026$500.31
Mar 31, 2026$470.42
Feb 27, 2026$471.04
Jan 30, 2026$455.20
Dec 31, 2025$425.38
Nov 28, 2025$403.51
Oct 31, 2025$374.34

Key statistics

Market cap
$31.00B
P/E (TTM)
1,732.2
EPS (TTM)
$0.29
Revenue (TTM)
$1.32B
Net income (TTM)
$17.81M
Shares outstanding
61.7M
Dividend yield
—
52-week range
$371.69 – $517.66

First Watch Restaurant Group's market cap is $31.00B, based on a share price of $502.35 and 61.7M shares outstanding as of Jun 28, 2026.

Financials

First Watch Restaurant Group reported revenue of $1.22B for fiscal 2025, up 20.34% from fiscal 2024.

First Watch Restaurant Group earned net income of $19.43M in fiscal 2025, a net margin of 1.6%.

Fiscal 2025 revenue was the highest in the 7 years shown.

Annual revenue

FY19FY20FY21FY22FY23FY24FY25
Annual revenue by fiscal year; the table below lists the values.
First Watch Restaurant Group annual financials by fiscal year, from SEC filings
Fiscal yearRevenueGrowthNet incomeNet marginEPS (diluted)Free cash flow
FY2025ended Dec 28, 2025$1.22B+20.3%$19.43M1.6%$0.31−$30.99M
FY2024ended Dec 29, 2024$1.02B+14.0%$18.93M1.9%$0.30−$12.24M
FY2023ended Dec 31, 2023$891.55M+22.1%$25.39M2.9%$0.41$12.01M
FY2022ended Dec 25, 2022$730.16M+21.5%$6.91M1.0%$0.11$718.00K
FY2021ended Dec 26, 2021$601.19M+75.6%−$2.11M−0.4%−$0.04$27.66M
FY2020ended Dec 27, 2020$342.39M−21.5%−$49.68M−14.5%−$1.10−$45.11M
FY2019ended Dec 29, 2019$436.37M—−$45.44M−10.4%−$1.01−$37.70M
First Watch Restaurant Group quarterly results
QuarterRevenueNet incomeEPS (diluted)
Q2 FY2026ended Jun 28, 2026$354.67M$2.34M$0.04
Q1 FY2026ended Mar 29, 2026$330.96M−$2.69M−$0.04
Q4 FY2025ended Dec 28, 2025$316.35M$15.16M$0.24
Q3 FY2025ended Sep 28, 2025$316.02M$2.99M$0.05
Q2 FY2025ended Jun 29, 2025$307.89M$2.11M$0.03
Q1 FY2025ended Mar 30, 2025$282.24M−$829.00K−$0.01
Q4 FY2024ended Dec 29, 2024$263.29M$699.00K$0.01
Q3 FY2024ended Sep 29, 2024$251.61M$2.11M$0.03

Company profile

Name
First Watch Restaurant Group, Inc.
Ticker
FWRG
Exchange
NASDAQ
Industry (SEC SIC)
Retail-Eating Places
Headquarters
8725 Pendery Place, Suite 201, Bradenton, FL 34201
Incorporated in
DE
Fiscal year ends
December
SEC CIK
0001789940

Recent SEC filings

Frequently asked questions

What is First Watch Restaurant Group's stock price?

First Watch Restaurant Group (FWRG) closed at $502.35 on Oct 9, 2026, down 0.33% from the previous close of $504.02.

What is First Watch Restaurant Group's market cap?

First Watch Restaurant Group's market cap is $31.00B, based on a share price of $502.35 and 61.7M shares outstanding as of Jun 28, 2026.

How much revenue does First Watch Restaurant Group make?

First Watch Restaurant Group reported revenue of $1.22B for fiscal 2025, up 20.34% from fiscal 2024.

What is FWRG's P/E ratio?

First Watch Restaurant Group's price-to-earnings ratio is 1,732.2, based on trailing twelve-month diluted EPS of $0.29.

Does First Watch Restaurant Group pay a dividend?

First Watch Restaurant Group's recent filings report no dividends declared over the last four quarters.

Sources and methodology

Fundamentals come from First Watch Restaurant Group, Inc.'s filings with the SEC (EDGAR XBRL company facts). Fourth-quarter figures that companies don't report separately are calculated as the fiscal year minus the first three quarters. Trailing twelve-month (TTM) figures sum the latest four quarters. Prices are generated sample data for development. Last updated Oct 9, 2026. Data sources and disclosures