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First Watch Restaurant Group, Inc. FWRG Operating Lease Liabilities (Current)

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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:OperatingLeaseLiabilityCurrent.

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 itemMARCH 29, 2026DECEMBER 28, 2025
Accrued liabilities43,58438,496
Accrued compensation29,94324,281
Deferred revenues4,3146,778
Current portion of operating lease liabilities76,00475,034
Current portion of long-term debt13,35913,309
Interest rate swap liabilities, current520900
Total current liabilities177,490167,499
Operating lease liabilities672,562651,254

Item 1. Financial Statements (Unaudited)

FAQ

What is First Watch Restaurant Group, Inc.'s operating lease liabilities (current)?
First Watch Restaurant Group, Inc. (FWRG) reported operating lease liabilities (current) of $76M in Q1 2026.
How has First Watch Restaurant Group, Inc.'s operating lease liabilities (current) changed year-over-year?
First Watch Restaurant Group, Inc.'s operating lease liabilities (current) increased by 34.5% year-over-year, from $56.51M to $76M.
What is the long-term trend for First Watch Restaurant Group, Inc.'s operating lease liabilities (current)?
Over 5 years (2020 to 2025), First Watch Restaurant Group, Inc.'s operating lease liabilities (current) has grown at a 13.3% compound annual growth rate (CAGR), from $40.11M to $75.03M.
What does operating lease liabilities (current) mean?
The current portion of operating lease obligations due within one year, representing committed future lease payments under ASC 842.

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