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First Watch Restaurant Group, Inc. FWRG Business Segments — General and administrative expenses

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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$766.47M-29.2%
Enterprise value$1.78B-12.1%
P/E43.6×-221×
P/S0.6×-0.4×

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:GeneralAndAdministrativeExpense.

The source filing: First Watch Restaurant Group, Inc.’s 10-Q, filed May 5, 2026.

Filed
May 5, 2026, 7:03 AM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001789940-26-000060
(in thousands)THIRTEEN WEEKS ENDED / MARCH 29, 2026THIRTEEN WEEKS ENDED / MARCH 30, 2025
Occupancy expenses27,41023,149
Pre-opening expenses3,0572,660
Stock-based compensation, net of amounts capitalized3,3522,259
General and administrative expenses (1)36,59327,960
Depreciation and amortization21,39616,557
Other segment items (2)1,329882
Interest expense4,7783,334
Other income, net(345)(684)

Item 1. Financial Statements (Unaudited)

FAQ

What is First Watch Restaurant Group, Inc.'s business segments — general and administrative expenses?
First Watch Restaurant Group, Inc. (FWRG) reported business segments — general and administrative expenses of $36.59M in Q1 2026.
How has First Watch Restaurant Group, Inc.'s business segments — general and administrative expenses changed year-over-year?
First Watch Restaurant Group, Inc.'s business segments — general and administrative expenses increased by 30.9% year-over-year, from $27.96M to $36.59M.
What is the long-term trend for First Watch Restaurant Group, Inc.'s business segments — general and administrative expenses?
Over 3 years (2022 to 2025), First Watch Restaurant Group, Inc.'s business segments — general and administrative expenses has grown at a 16.6% compound annual growth rate (CAGR), from $74.59M to $118.19M.
What does business segments — general and administrative expenses mean?
This metric covers the corporate-level overhead costs, including executive compensation, administrative staff, and corporate office expenses. It reflects the company's ability to manage its central support structure as it scales its restaurant operations.

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