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First Watch Restaurant Group, Inc. (FWRG)

First Watch Restaurant Group, Inc. at a glance — key fundamentals, SEC filings, insider buying and selling, and earnings dates.

First Watch Restaurant Group, Inc. (FWRG) is a Restaurants company based in US with a market capitalization of $734M. Revenue grew 20.3% year-over-year and free cash flow was negative at -$31M. This page tracks FWRG's SEC filings, insider buying and selling, earnings dates, and key fundamentals in one place.

US · 15K employees · IPO Oct 1, 2021

Valuation

Valuation & price

$11.23 · as of May 17, 2026 · -41.4% vs 52w high

36.3

P/E ratio

Latest-FY diluted EPS

1.17

P/B ratio

Market cap ÷ book equity

—

Dividend yield

Price — last 12 months

$19.09$14.63$10.18Jul 25Dec 25Jul 26Jul 7, 25$17.42Jul 9, 25$17.92Jul 11, 25$17.50Jul 15, 25$16.56Jul 17, 25$16.96Jul 21, 25$17.00Jul 23, 25$18.34Jul 25, 25$17.28Jul 29, 25$16.88Jul 31, 25$17.29Aug 4, 25$17.24Aug 6, 25$18.83Aug 11, 25$17.75Aug 13, 25$17.90Aug 15, 25$17.84Aug 19, 25$17.28Aug 21, 25$17.60Aug 25, 25$19.09Aug 27, 25$18.84Aug 29, 25$18.84Sep 3, 25$18.37Sep 5, 25$18.59Sep 9, 25$17.45Sep 11, 25$17.71Sep 16, 25$16.65Sep 18, 25$16.55Sep 22, 25$15.72Sep 24, 25$15.74Sep 26, 25$16.00Sep 30, 25$15.64Oct 2, 25$15.92Oct 6, 25$15.84Oct 8, 25$15.50Oct 10, 25$15.13Oct 14, 25$17.52Oct 16, 25$17.59Oct 21, 25$18.39Oct 23, 25$18.00Oct 27, 25$18.03Oct 29, 25$17.06Oct 31, 25$16.49Nov 4, 25$17.60Nov 6, 25$17.24Nov 10, 25$17.68Nov 12, 25$16.99Nov 14, 25$16.97Nov 18, 25$16.31Nov 20, 25$15.24Nov 25, 25$17.90Nov 28, 25$18.56Dec 2, 25$18.17Dec 4, 25$18.09Dec 8, 25$16.99Dec 10, 25$16.30Dec 12, 25$16.36Dec 16, 25$16.37Dec 18, 25$17.20Dec 22, 25$15.91Dec 24, 25$15.79Dec 29, 25$15.43Jan 2, 26$15.37Jan 6, 26$15.90Jan 8, 26$15.43Jan 12, 26$16.47Jan 14, 26$16.57Jan 16, 26$16.70Jan 21, 26$16.71Jan 23, 26$16.51Jan 27, 26$16.03Jan 29, 26$16.16Feb 2, 26$16.12Feb 4, 26$17.24Feb 9, 26$17.40Feb 11, 26$16.58Feb 13, 26$15.37Feb 18, 26$15.96Feb 20, 26$15.92Feb 24, 26$12.32Feb 26, 26$13.15Mar 2, 26$12.46Mar 4, 26$11.96Mar 6, 26$12.93Mar 10, 26$12.52Mar 12, 26$11.70Mar 17, 26$12.61Mar 19, 26$12.39Mar 23, 26$12.35Mar 25, 26$11.27Mar 27, 26$10.31Mar 31, 26$10.48Apr 2, 26$10.76Apr 7, 26$10.91Apr 9, 26$11.65Apr 13, 26$11.08Apr 15, 26$11.73Apr 17, 26$12.75Apr 22, 26$13.53Apr 24, 26$13.28Apr 28, 26$12.86Apr 30, 26$13.12May 4, 26$12.21May 6, 26$12.17May 8, 26$12.10May 12, 26$11.35May 14, 26$10.76May 18, 26$11.01May 20, 26$10.97May 22, 26$11.49May 28, 26$11.69Jun 1, 26$11.13Jun 3, 26$10.53Jun 5, 26$10.18Jun 9, 26$10.26Jun 11, 26$11.94Jun 15, 26$11.85Jun 17, 26$11.48Jun 22, 26$11.56Jun 24, 26$12.08Jun 26, 26$12.74Jul 2, 26$13.09
$10.1152-week range$19.17
Loading valuation history…

Fundamentals

Key fundamentals

$734M

Market cap

20.3%

Revenue growth (YoY)

13.0%

Gross margin

-$31M

Free cash flow (USD)

$718.4M

Net debt

1.0%

Share dilution

2/5

Graham criteria passed

Defensive-investor screen

Consumer Cyclical

Sector

Trajectory

Long-term trends

Revenue by year

2018 → 2025

FY 2018$349.8MFY 2019$436.4MFY 2020$342.4MFY 2021$601.2MFY 2022$730.2MFY 2023$891.6MFY 2024$1.0BFY 2025$1.2B
$349.8M$1.2B

Free cash flow by year

2018 → 2025

FY 2018$-7.0MFY 2019$-37.7MFY 2020$-45.3MFY 2021$27.3MFY 2022$-393.0KFY 2023$10.7MFY 2024$-12.3MFY 2025$-31.0M
-$7M-$31M

Gross margin by year

2021 → 2025

FY 202120.7%FY 202219.1%FY 202321.3%FY 202478.0%FY 202513.0%
20.7%13.0%

Value screen

Graham defensive-investor tests

Computing the scorecard — refreshing any stale inputs…

0

Insider buys · 90 days

0

Insider sells · 90 days

Earnings

Last report: 10-Q filed May 5, 2026

Next expected: not yet scheduled

On the tape

Recent SEC & insider activity

  • 8-K eventCFO AppointmentJun 8, 2026Filing
  • 8-K eventAnnual Meeting ResultsMay 21, 2026Filing
  • 8-K eventEarnings ReleaseMay 5, 2026Filing
  • Quarterly report10-Q FiledMay 5, 2026Filing

Questions

Frequently asked questions

What is First Watch Restaurant Group, Inc.'s market cap?

First Watch Restaurant Group, Inc. (FWRG) has a market capitalization of $734M.

What is FWRG's P/E ratio?

FWRG trades at a price-to-earnings ratio of 36.3, based on its latest fiscal-year diluted earnings per share and the most recent cached price.

What is FWRG's price-to-book (P/B) ratio?

FWRG trades at 1.17 times book value per share.

Are insiders buying FWRG stock?

SEC Form 4 filings show no open-market insider buys at First Watch Restaurant Group, Inc. in the last 90 days (0 sells).

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Timeline

Every filing, insider trade & earnings on a price-anchored timeline

Filing Analyzer

Search the actual 10-K / 10-Q text with AI research angles

News

Latest press coverage in one feed

Data: SEC EDGAR filings and cached fundamental data; prices and ratios use the most recent cached quote and statements (may lag by up to a day). Educational and research purposes only. Not investment advice.