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First Watch Restaurant Group, Inc. FWRG Business Segments — Interest Expense

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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:InterestExpenseNonoperating.

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
Line itemTHIRTEEN WEEKS ENDED / MARCH 29, 2026THIRTEEN WEEKS ENDED / MARCH 30, 2025
Transaction and restructuring expenses, net1,176873
Total operating costs and expenses329,960281,127
Income from operations9991,113
Interest expense(4,778)(3,334)
Other income, net345684
Loss before income taxes(3,434)(1,537)
Income tax benefit749708
Net loss$(2,685)$(829)

Item 1. Financial Statements (Unaudited)

FAQ

What is First Watch Restaurant Group, Inc.'s business segments — interest expense?
First Watch Restaurant Group, Inc. (FWRG) reported business segments — interest expense of $4.78M in Q1 2026.
How has First Watch Restaurant Group, Inc.'s business segments — interest expense changed year-over-year?
First Watch Restaurant Group, Inc.'s business segments — interest expense increased by 43.3% year-over-year, from $3.33M to $4.78M.
What is the long-term trend for First Watch Restaurant Group, Inc.'s business segments — interest expense?
Over 3 years (2022 to 2025), First Watch Restaurant Group, Inc.'s business segments — interest expense has grown at a 47.2% compound annual growth rate (CAGR), from $5.23M to $16.7M.
What does business segments — interest expense mean?
This metric represents the total cost of debt financing incurred by the business segment during the reporting period. It reflects the interest paid on outstanding loans, credit facilities, and other financial obligations associated with segment operations. Monitoring this helps investors assess the segment's reliance on leverage and the impact of debt servicing on its overall profitability.

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