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First Watch Restaurant Group, Inc. FWRG Change in Deferred Revenue

Change in Deferred Revenue at other companies

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SweetgreenSG
$22K-92.4%
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WingstopWING
$3.15M+25.3%
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Chipotle Mexican GrillCMG
-$27.66M+10.8%

Other financials

Income statement

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Revenue$331.0M+17.3%
Operating income$999.0K-10.2%
Net income-$2.7M-224%
EPS (diluted)-$0.04-300%

Balance sheet

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Cash & equivalents$23.6M+26.6%
Total debt$1.0B+24.1%
Total equity$627.7M+5.3%
Total assets$1.8B+14.9%

Cash flow

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Operating cash flow$34.5M+71.1%
CapEx$29.3M-19.7%
Free cash flow$5.1M+131%

Valuation

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Market cap$752.07M-22.1%
Enterprise value$1.76B-1.0%
P/E42.8×-45.9×
P/S0.6×-0.3×

Profitability

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Operating margin2.2%-0.5pp
Net margin1.4%+0.4pp
FCF margin-2.6%

Returns & leverage

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Return on equity2.9%+1.0pp
Debt / equity1.6×+0.3×
Current ratio0.3×0.0×

Where this comes from

Reported directly by First Watch Restaurant Group, Inc. in its filing.

Tagged under the XBRL concept us-gaap:IncreaseDecreaseInContractWithCustomerLiability.

The official record: First Watch Restaurant Group, Inc.’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is First Watch Restaurant Group, Inc.'s change in deferred revenue?
First Watch Restaurant Group, Inc. (FWRG) reported change in deferred revenue of -$2.44M in Q1 2026.
How has First Watch Restaurant Group, Inc.'s change in deferred revenue changed year-over-year?
First Watch Restaurant Group, Inc.'s change in deferred revenue decreased by 8.1% year-over-year, from -$2.26M to -$2.44M.
What is the long-term trend for First Watch Restaurant Group, Inc.'s change in deferred revenue?
Over 2 years (2021 to 2025), First Watch Restaurant Group, Inc.'s change in deferred revenue has grown at a -7.5% compound annual growth rate (CAGR), from $648K to $555K.
What does change in deferred revenue mean?
Change in payments received from customers for goods/services not yet delivered — a key SaaS and subscription metric.