What is First Watch Restaurant Group, Inc.'s total revenue?

First Watch Restaurant Group, Inc. (FWRG) reported total revenue of $330.96M in Q1 2026.

How has First Watch Restaurant Group, Inc.'s total revenue changed year-over-year?

First Watch Restaurant Group, Inc.'s total revenue increased by 17.3% year-over-year, from $282.24M to $330.96M.

What is the long-term trend for First Watch Restaurant Group, Inc.'s total revenue?

Over 4 years (2021 to 2025), First Watch Restaurant Group, Inc.'s total revenue has grown at a 19.4% compound annual growth rate (CAGR), from $601.19M to $1.22B.

What does total revenue mean?

The aggregate of all revenue from the company's operations — the top line from which all profitability metrics are derived.

First Watch Restaurant Group, Inc. FWRG Total Revenue

Total Revenue at other companies

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Biglari Holdings Inc.BH

$97.48M+2.6%

SweetgreenSG

$161.52M-2.9%

WingstopWING

$183.73M+7.4%

BJ's RestaurantsBJRI

$358.12M+2.9%

Wendy'sWEN

$540.64M+3.3%

Segments

By product

See full

In-restaurant dining sales$265.72M+17.2%

Third-party delivery sales$39.69M+24.0%

Take-out sales$22.73M+9.0%

Royalty and system fund contributions$2.76M+6.5%

Initial fees$56K-9.7%

By segment

See full

Reportable Segment$330.96M+17.3%

Other financials

Income statement

See full

Operating income$999.0K-10.2%

Net income-$2.7M-224%

EPS (diluted)-$0.04-300%

Balance sheet

See full

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

See full

Operating cash flow$34.5M+71.1%

CapEx$29.3M-19.7%

Free cash flow$5.1M+131%

Valuation

See full

Market cap$744.67M-22.9%

Enterprise value$1.75B-1.4%

P/E42.4×-46.4×

P/S0.6×-0.3×

Profitability

See full

Operating margin2.2%-0.5pp

Net margin1.4%+0.4pp

FCF margin-2.6%—

Returns & leverage

See full

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 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 total revenue?: First Watch Restaurant Group, Inc. (FWRG) reported total revenue of $330.96M in Q1 2026.
How has First Watch Restaurant Group, Inc.'s total revenue changed year-over-year?: First Watch Restaurant Group, Inc.'s total revenue increased by 17.3% year-over-year, from $282.24M to $330.96M.
What is the long-term trend for First Watch Restaurant Group, Inc.'s total revenue?: Over 4 years (2021 to 2025), First Watch Restaurant Group, Inc.'s total revenue has grown at a 19.4% compound annual growth rate (CAGR), from $601.19M to $1.22B.
What does total revenue mean?: The aggregate of all revenue from the company's operations — the top line from which all profitability metrics are derived.