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First Watch Restaurant Group, Inc. FWRG Take-out sales — Total revenues

Other product segments

In-restaurant dining sales
$265.72M+17.2%
Third-party delivery sales
$39.69M+24.0%
Royalty and system fund contributions
$2.76M+6.5%
Initial fees
$56K-9.7%

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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$768.32M-29.2%
Enterprise value$1.78B-12.1%
P/E43.7×-222×
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:RevenueFromContractWithCustomerExcludingAssessedTax.

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
Restaurant sales:
In-restaurant dining sales$265,722$226,727
Third-party delivery sales39,69232,005
Take-out sales22,73420,859
Total restaurant sales328,148279,591
Franchise revenues:
Royalty and system fund contributions2,7552,587
Initial fees5662

Item 1. Financial Statements (Unaudited)

FAQ

What is First Watch Restaurant Group, Inc.'s take-out sales — total revenues?
First Watch Restaurant Group, Inc. (FWRG) reported take-out sales — total revenues of $22.73M in Q1 2026.
How has First Watch Restaurant Group, Inc.'s take-out sales — total revenues changed year-over-year?
First Watch Restaurant Group, Inc.'s take-out sales — total revenues increased by 9.0% year-over-year, from $20.86M to $22.73M.
What is the long-term trend for First Watch Restaurant Group, Inc.'s take-out sales — total revenues?
Over 4 years (2021 to 2025), First Watch Restaurant Group, Inc.'s take-out sales — total revenues has grown at a 6.2% compound annual growth rate (CAGR), from $68.87M to $87.57M.
What does take-out sales — total revenues mean?
This metric represents the total revenue generated specifically from off-premise dining channels, including carry-out and delivery orders. It serves as a key indicator of consumer demand for convenience and the effectiveness of the company's digital ordering and fulfillment infrastructure. Monitoring this segment helps assess the brand's ability to capture market share beyond traditional dine-in service models.

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