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First Watch Restaurant Group, Inc. FWRG Quick ratio

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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$744.67M-22.1%
Enterprise value$1.75B-1.0%
P/E42.4×-45.5×
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

Calculated from First Watch Restaurant Group, Inc.’s reported figures.

quick assets/total current liabilities=0.3×

Based on the most recent quarter.

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 quick ratio?
First Watch Restaurant Group, Inc. (FWRG) reported quick ratio of 0.3× in Q1 2026.
How has First Watch Restaurant Group, Inc.'s quick ratio changed year-over-year?
First Watch Restaurant Group, Inc.'s quick ratio decreased by 6.7% year-over-year, from 0.3× to 0.3×.
What is the long-term trend for First Watch Restaurant Group, Inc.'s quick ratio?
Over 5 years (2020 to 2025), First Watch Restaurant Group, Inc.'s quick ratio has grown at a -16.1% compound annual growth rate (CAGR), from 0.6× to 0.3×.
What does quick ratio mean?
Current assets excluding inventory, divided by current liabilities at the quarter end (the 'acid-test'). A stricter liquidity measure that excludes the least-liquid current asset.