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First Watch Restaurant Group, Inc. FWRG Remeasurements and terminations of operating lease assets and lease liabilities

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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$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 fwrg:RemeasurementsOfOperatingLeaseAssetsAndLeaseLiabilities.

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 remeasurements and terminations of operating lease assets and lease liabilities?
First Watch Restaurant Group, Inc. (FWRG) reported remeasurements and terminations of operating lease assets and lease liabilities of $992K in Q1 2026.
How has First Watch Restaurant Group, Inc.'s remeasurements and terminations of operating lease assets and lease liabilities changed year-over-year?
First Watch Restaurant Group, Inc.'s remeasurements and terminations of operating lease assets and lease liabilities decreased by 42.7% year-over-year, from $1.73M to $992K.
What is the long-term trend for First Watch Restaurant Group, Inc.'s remeasurements and terminations of operating lease assets and lease liabilities?
Over 2 years (2021 to 2024), First Watch Restaurant Group, Inc.'s remeasurements and terminations of operating lease assets and lease liabilities has grown at a 37.4% compound annual growth rate (CAGR), from -$3.07M to $5.8M.
What does remeasurements and terminations of operating lease assets and lease liabilities mean?
Reflects non-cash adjustments to operating lease assets and liabilities resulting from remeasurements, such as changes in lease terms, discount rates, or termination events. It helps investors track the volatility and ongoing management of the company's lease portfolio.