FWRG
First Watch·NASDAQ
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FWRG fundamentals
During Q4 2025, First Watch (FWRG) reported revenue of 316.35M, a YoY change of 20.15%. Net income was 15.16M, a YoY change of 2069.38%. Click to view the full income statement and explore the company's earnings performance.
Income Statement
Q3,2020 | Q4,2020 | Q1,2021 | Q2,2021 | Q3,2021 | Q4,2021 | Q1,2022 | Q2,2022 | Q3,2022 | Q4,2022 | Q1,2023 | Q2,2023 | Q3,2023 | Q4,2023 | Q1,2024 | Q2,2024 | Q3,2024 | Q4,2024 | Q1,2025 | Q2,2025 | Q3,2025 | Q4,2025 | TTM |
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Start Date | Jun 29, 2020 | Sep 28, 2020 | Dec 28, 2020 | Mar 29, 2021 | Jun 28, 2021 | Sep 27, 2021 | Dec 27, 2021 | Mar 28, 2022 | Jun 27, 2022 | Sep 26, 2022 | Dec 26, 2022 | Mar 27, 2023 | Jun 26, 2023 | Sep 25, 2023 | Jan 1, 2024 | Apr 1, 2024 | Jul 1, 2024 | Sep 30, 2024 | Dec 30, 2024 | Mar 31, 2025 | Jun 30, 2025 | Sep 29, 2025 | -- |
End Date | Sep 27, 2020 | Dec 27, 2020 | Mar 28, 2021 | Jun 27, 2021 | Sep 26, 2021 | Dec 26, 2021 | Mar 27, 2022 | Jun 26, 2022 | Sep 25, 2022 | Dec 25, 2022 | Mar 26, 2023 | Jun 25, 2023 | Sep 24, 2023 | Dec 31, 2023 | Mar 31, 2024 | Jun 30, 2024 | Sep 29, 2024 | Dec 29, 2024 | Mar 30, 2025 | Jun 29, 2025 | Sep 28, 2025 | Dec 28, 2025 | -- |
Fiscal Year-End | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | -- |
Revenue | 99.75M -- | 109.39M -- | 127.17M -- | 153.96M -- | 157.44M +57.84% | 162.62M +48.66% | 173.11M +36.13% | 184.45M +19.80% | 186.85M +18.68% | 185.75M +14.22% | 211.41M +22.12% | 216.30M +17.27% | 219.21M +17.32% | 244.63M +31.70% | 242.45M +14.68% | 258.56M +19.54% | 251.61M +14.78% | 263.29M +7.63% | 282.24M +16.41% | 307.89M +19.08% | 316.02M +25.60% | 316.35M +20.15% | 1.22B -- |
Sales and Services Revenue | 99.75M -- | 109.39M -- | 127.17M -- | 153.96M -- | 157.44M +57.84% | 162.62M +48.66% | 173.11M +36.13% | 184.45M +19.80% | 186.85M +18.68% | 185.75M +14.22% | 211.41M +22.12% | 216.30M +17.27% | 219.21M +17.32% | 244.63M +31.70% | 242.45M +14.68% | 258.56M +19.54% | 251.61M +14.78% | 263.29M +7.63% | 282.24M +16.41% | 307.89M +19.08% | 316.02M +25.60% | 316.35M +20.15% | 1.22B -- |
Cost of Revenue | 89.18M -- | 93.87M -- | 103.45M -- | 33.60M -- | 124.84M +40.00% | 131.03M +39.59% | 137.23M +32.65% | 45.22M +34.60% | 152.11M +21.84% | 152.69M +16.53% | 163.87M +19.41% | 47.69M +5.47% | 175.13M +15.14% | 194.25M +27.22% | 189.45M +15.61% | 55.80M +17.01% | 201.97M +15.33% | 211.97M +9.13% | 233.47M +23.24% | 71.98M +28.99% | 251.96M +24.75% | 254.41M +20.02% | 811.82M -- |
Cost of Goods and Services | -- -- | 138.80M -- | -- -- | 107.33M -- | -- -- | 229.05M +65.02% | -- -- | -- -- | -- -- | 287.04M +25.32% | -- -- | -- -- | 82.40M -- | 91.25M -68.21% | 88.98M -- | 93.35M -- | 94.76M +14.99% | 97.98M +7.38% | 110.91M +24.65% | 118.58M +27.03% | 119.87M +26.50% | 119.43M +21.89% | 468.78M -- |
Gross Profit | 10.57M -- | 189.24M -- | 23.72M -- | 150.09M -- | 32.60M +208.32% | 279.50M +47.70% | 35.88M +51.28% | 139.23M -7.23% | 34.75M +6.59% | 336.65M +20.45% | 47.54M +32.49% | 168.61M +21.10% | 136.81M +293.74% | 153.38M -54.44% | 153.47M +222.83% | 165.21M -2.02% | 156.85M +14.65% | 165.31M +7.78% | 171.33M +11.64% | 189.31M +14.59% | 196.15M +25.05% | 196.93M +19.13% | 753.72M -- |
Other Operating Income | -- -- | 258.00K -- | -- -- | -- -- | -- -- | 1.16M +348.06% | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- |
Operating Expenses | 19.19M -- | 194.22M -- | 19.87M -- | 137.77M -- | 25.45M +32.61% | 281.72M +45.05% | 28.12M +41.50% | 134.18M -2.61% | 32.13M +26.25% | 335.17M +18.97% | 32.21M +14.53% | 157.26M +17.20% | 129.07M +301.78% | 146.53M -56.28% | 141.19M +338.35% | 148.76M -5.41% | 150.54M +16.63% | 161.45M +10.18% | 170.22M +20.56% | 181.99M +22.34% | 186.10M +23.62% | 187.89M +16.38% | 726.21M -- |
Selling, General and Administrative Expenses | 19.20M -- | 140.93M -- | 19.74M -- | 109.36M -- | 25.22M +31.39% | 223.61M +58.67% | 27.79M +40.77% | 89.03M -18.59% | 30.37M +20.40% | 268.95M +20.28% | 31.82M +14.53% | 105.33M +18.31% | 108.75M +258.11% | 123.88M -53.94% | 119.66M +276.04% | 125.57M +19.22% | 126.59M +16.40% | 134.20M +8.33% | 143.53M +19.94% | 152.63M +21.55% | 155.79M +23.07% | 157.55M +17.40% | 609.50M -- |
General and Administrative Expenses | -- -- | 46.32M -- | -- -- | 27.34M -- | -- -- | 70.39M +51.95% | -- -- | -- -- | -- -- | 84.96M +20.70% | -- -- | -- -- | 25.18M -- | 29.95M -64.74% | 27.66M -- | 27.19M -- | 27.68M +9.93% | 30.74M +2.64% | 30.22M +9.26% | 33.19M +22.05% | 33.75M +21.91% | 31.80M +3.44% | 128.95M -- |
Loss on Impairment of Other Assets | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | 114.00K -- | -386.00K -- | -- -- | -- -- | 175.00K +53.51% | -311.00K +19.43% | -- -- |
Loss on Disposal of Assets | -- -- | -- -- | -- -- | -- -- | -- -- | 381.00K -- | -- -- | -- -- | -- -- | 920.00K +141.47% | -- -- | -- -- | 185.00K -- | 741.00K -19.46% | 119.00K -- | 153.00K -- | -- -- | 525.00K -29.15% | 9.00K -92.44% | 127.00K -16.99% | -- -- | 448.00K -14.67% | -- -- |
Other Operating Expenses | -7.00K -- | 53.30M -- | 135.00K -- | 28.41M -- | 224.00K +3300.00% | 57.73M +8.32% | 336.00K +148.89% | 45.15M +58.92% | 1.76M +684.38% | 65.30M +13.11% | 387.00K +15.18% | 51.94M +15.03% | 20.14M +1046.04% | 21.90M -66.46% | 21.40M +5430.75% | 23.04M -55.63% | 23.84M +18.38% | 27.11M +23.75% | 26.68M +24.66% | 29.23M +26.87% | 30.13M +26.41% | 30.20M +11.43% | 116.25M -- |
Operating Income | -8.62M -- | -4.73M -- | 3.85M -- | 12.31M -- | 7.15M +183.02% | -1.07M +77.44% | 7.76M +101.82% | 5.05M -58.96% | 2.62M -63.36% | 1.48M +238.61% | 15.33M +97.56% | 11.34M +124.48% | 7.74M +195.23% | 6.86M +363.49% | 12.29M -19.86% | 16.45M +45.00% | 6.31M -18.42% | 3.86M -43.68% | 1.11M -90.94% | 7.31M -55.54% | 10.05M +59.20% | 9.04M +134.01% | 27.51M -- |
Non-Operating Income (Loss) | -5.79M -- | -6.24M -- | -6.06M -- | -6.22M -- | -5.84M -0.85% | -3.75M +39.84% | -843.00K +86.09% | -1.01M +83.77% | -1.25M +78.65% | -1.22M +67.41% | -1.41M -67.62% | -1.35M -33.86% | -1.08M +13.56% | -1.35M -10.38% | -2.27M -60.86% | -2.67M -97.34% | -2.82M -161.56% | -3.12M -131.33% | -2.65M -16.59% | -3.74M -40.07% | -4.38M -55.34% | -4.62M -47.77% | -15.38M -- |
Other Non-Operating Income (Loss) | 45.00K -- | 78.00K -- | 254.00K -- | 67.00K -- | 215.00K +377.78% | -2.31M -3061.54% | 163.00K -35.83% | 116.00K +73.13% | 116.00K -46.05% | 515.00K +122.29% | 494.00K +203.07% | 685.00K +490.52% | 771.00K +564.66% | 921.00K +78.83% | 326.00K -34.01% | 713.00K +4.09% | 624.00K -19.07% | 96.00K -89.58% | 684.00K +109.82% | 266.00K -62.69% | 191.00K -69.39% | 180.00K +87.50% | 1.32M -- |
Net Interest Expense | 5.83M -- | 6.32M -- | 6.32M -- | 6.29M -- | 6.05M +3.76% | 1.44M -77.15% | 1.01M -84.07% | 1.13M -82.10% | 1.36M -77.49% | 1.74M +20.44% | 1.91M +89.56% | 2.04M +80.91% | 1.85M +35.68% | 2.27M +30.67% | 2.60M +36.29% | 3.38M +65.98% | 3.44M +86.20% | 3.22M +41.74% | 3.33M +28.28% | 4.00M +18.40% | 4.57M +32.72% | 4.79M +48.96% | 16.70M -- |
Interest Expense | 5.83M -- | 6.32M -- | 6.32M -- | 6.29M -- | 6.05M +3.76% | 1.44M -77.15% | 1.01M -84.07% | 1.13M -82.10% | 1.36M -77.49% | 1.74M +20.44% | 1.91M +89.56% | 2.04M +80.91% | 1.85M +35.68% | 2.27M +30.67% | 2.60M +36.29% | 3.38M +65.98% | 3.44M +86.20% | 3.22M +41.74% | 3.33M +28.28% | 4.00M +18.40% | 4.57M +32.72% | 4.79M +48.96% | 16.70M -- |
Pretax Income From Continuing Operations | -14.40M -- | -10.97M -- | -2.22M -- | 6.09M -- | 1.32M +109.14% | -4.82M +56.05% | 6.92M +412.00% | 4.04M -33.61% | 1.38M +4.40% | 256.00K +105.31% | 13.92M +101.21% | 9.99M +147.12% | 6.66M +384.44% | 5.50M +2050.39% | 10.01M -28.06% | 13.78M +37.91% | 3.50M -47.52% | 738.00K -86.59% | -1.54M -115.35% | 3.58M -74.05% | 5.67M +62.30% | 4.42M +498.92% | 12.13M -- |
Income Tax Expense | -3.26M -- | -3.85M -- | -175.00K -- | 2.29M -- | 534.00K +116.37% | -167.00K +95.66% | 2.28M +1401.14% | 1.34M -41.53% | 1.33M +148.88% | 742.00K +544.31% | 4.56M +100.18% | 2.03M +52.10% | 1.24M -6.47% | 2.86M +285.04% | 2.80M -38.59% | 4.88M +140.11% | 1.38M +11.34% | 39.00K -98.63% | -708.00K -125.29% | 1.47M -69.87% | 2.68M +93.86% | -10.74M -27648.72% | -7.30M -- |
Current Income Tax | -- -- | 118.00K -- | -- -- | -- -- | -- -- | 301.00K +155.08% | -- -- | -- -- | -- -- | 1.01M +234.55% | -- -- | -- -- | -- -- | 2.38M +135.85% | -- -- | -- -- | -- -- | 2.28M -4.08% | -- -- | -- -- | -- -- | 2.73M +19.93% | -- -- |
Deferred Income Tax | -- -- | -19.99M -- | -- -- | -- -- | -- -- | 2.18M +110.88% | -- -- | -- -- | -- -- | 4.68M +114.94% | -- -- | -- -- | -- -- | 8.31M +77.78% | -- -- | -- -- | -- -- | 6.82M -17.94% | -- -- | -- -- | -- -- | -10.03M -247.02% | -- -- |
Net Income | -11.14M -- | -7.12M -- | -2.04M -- | 3.81M -- | 783.00K +107.03% | -4.65M +34.63% | 4.64M +327.23% | 2.71M -28.86% | 46.00K -94.13% | -486.00K +89.56% | 9.36M +101.72% | 7.96M +194.02% | 5.42M +11678.26% | 2.65M +644.86% | 7.21M -22.93% | 8.90M +11.82% | 2.11M -61.02% | 699.00K -73.60% | -829.00K -111.49% | 2.11M -76.34% | 2.99M +41.62% | 15.16M +2069.38% | 19.43M -- |
Net Income Attributable to Owners of the Company | -11.14M -- | -7.12M -- | -2.04M -- | 3.81M -- | 783.00K +107.03% | -4.65M +34.63% | 4.64M +327.23% | 2.71M -28.86% | 46.00K -94.13% | -486.00K +89.56% | 9.36M +101.72% | 7.96M +194.02% | 5.42M +11678.26% | 2.65M +644.86% | 7.21M -22.93% | 8.90M +11.82% | 2.11M -61.02% | 699.00K -73.60% | -829.00K -111.49% | 2.11M -76.34% | 2.99M +41.62% | 15.16M +2069.38% | 19.43M -- |
Net Income Attributable to Common Stockholders | -11.14M -- | -7.12M -- | -2.04M -- | 3.81M -- | 783.00K +107.03% | -4.65M +34.63% | 4.64M +327.23% | 2.71M -28.86% | 46.00K -94.13% | -486.00K +89.56% | 9.36M +101.72% | 7.96M +194.02% | 5.42M +11678.26% | 2.65M +644.86% | 7.21M -22.93% | 8.90M +11.82% | 2.11M -61.02% | 699.00K -73.60% | -829.00K -111.49% | 2.11M -76.34% | 2.99M +41.62% | 15.16M +2069.38% | 19.43M -- |
Other Comprehensive Income | -- -- | 0 -- | -- -- | -- -- | -- -- | 0 -- | -- -- | -- -- | 0 -- | -- -- | -- -- | -160.00K -- | 985.00K -- | -1.49M -- | 929.00K -- | -74.00K +53.75% | -2.67M -371.27% | 2.04M +236.93% | -663.00K -171.37% | -94.00K -27.03% | 66.00K +102.47% | 37.00K -98.19% | -654.00K -- |
Total Comprehensive Income | -11.14M -- | -7.12M -- | -2.04M -- | 3.81M -- | 783.00K +107.03% | -4.65M +34.63% | 4.64M +327.23% | 2.71M -28.86% | 46.00K -94.13% | -486.00K +89.56% | 9.36M +101.72% | 7.80M +188.10% | 6.40M +13819.57% | 1.16M +337.86% | 8.14M -13.00% | 8.83M +13.17% | -560.00K -108.75% | 2.74M +137.20% | -1.49M -118.32% | 2.01M -77.20% | 3.06M +645.89% | 15.20M +454.38% | 18.78M -- |
Total Comprehensive Income Attributable to Owners of the Company | -11.14M -- | -7.12M -- | -2.04M -- | 3.81M -- | 783.00K +107.03% | -4.65M +34.63% | 4.64M +327.23% | 2.71M -28.86% | 46.00K -94.13% | -486.00K +89.56% | 9.36M +101.72% | 7.80M +188.10% | 6.40M +13819.57% | 1.16M +337.86% | 8.14M -13.00% | 8.83M +13.17% | -560.00K -108.75% | 2.74M +137.20% | -1.49M -118.32% | 2.01M -77.20% | 3.06M +645.89% | 15.20M +454.38% | 18.78M -- |
Basic EPS | -0.25 -- | -- -- | -0.05 -- | 0.08 -- | 0.02 +108.00% | -0.08 -- | 0.08 +260.00% | 0.05 -37.50% | 0 -100.00% | -0.01 +87.50% | 0.16 +100.00% | 0.13 +160.00% | 0.09 -- | 0.04 +500.00% | 0.12 -25.00% | 0.15 +15.38% | 0.03 -66.67% | 0.01 -75.00% | -0.01 -108.33% | 0.03 -80.00% | 0.05 +66.67% | 0.25 +2400.00% | 0.32 -- |
Basic EPS from Continuing Operations | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | 0.09 -- | -- -- | 0.12 -- | 0.15 -- | 0.03 -66.67% | -- -- | -0.01 -108.33% | 0.03 -80.00% | 0.05 +66.67% | -- -- | -- -- |
Diluted EPS | -0.25 -- | -- -- | -0.05 -- | 0.08 -- | 0.02 +108.00% | -- -- | 0.08 +260.00% | 0.05 -37.50% | 0 -100.00% | -- -- | 0.15 +87.50% | 0.13 +160.00% | 0.09 -- | -- -- | 0.12 -20.00% | 0.14 +7.69% | 0.03 -66.67% | -- -- | -0.01 -108.33% | 0.03 -78.57% | 0.05 +66.67% | -- -- | -- -- |
Diluted EPS from Continuing Operations | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | 0.09 -- | -- -- | 0.12 -- | 0.14 -- | 0.03 -66.67% | -- -- | -0.01 -108.33% | 0.03 -78.57% | 0.05 +66.67% | -- -- | -- -- |
You can ask Aime
What factors drove the changes in First Watch's revenue and profit?What were the key takeaways from First Watch’s earnings call?What is First Watch's gross profit margin?What is First Watch's latest dividend and current dividend yield?What is the revenue and EPS growth rate for First Watch year over year?What is the market's earnings forecast for First Watch next quarter?Did First Watch beat or miss consensus estimates last quarter?What guidance did First Watch's management provide for the next earnings period?
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