Pulling SEC filings + quote and writing the call…
Pulling SEC filings + quote and writing the call…

First Watch Restaurant Group, Inc.
Next earnings Aug 3, 2026 · consensus $0.05 EPS, $359M rev
Last earnings -0.2% on 2026-05-05
Revenue grew 20.3% YoY; but thin net margin (1.6%).
Sources: SEC EDGAR (CIK 0001789940, latest 10-Q filed 2026-05-05) · EODHD · as of 6/22/2026, 12:09:46 PM.
Research and education only — not financial advice. Calls are generated from SEC filings and a delayed/third-party price feed, may be wrong or out of date, and are not a recommendation to buy or sell any security. Do your own research.
Middling fundamentals and a rich price (~42% above fair value) leave little margin of safety — a wait-and-see.
First Watch Restaurant Group, Inc. shows $1.22B in FY2025 revenue (+20.3% YoY), a 1.6% net margin, and 3.1% ROE.
The risks, catalysts, 12-month price target and the cited SEC figures behind this rating — with Pro.
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| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $601M | $730M | $892M | $1.02B | $1.22B |
| Gross profit | — | — | — | — | — |
| Operating income | $22.2M | $16.9M | $41.3M | $38.9M | $27.5M |
| Net income | -$2.11M | $6.91M | $25.4M | $18.9M | $19.4M |
| Diluted EPS | -$0.04 | $0.11 | $0.41 | $0.30 | $0.31 |
| Net margin | -0.4% | 0.9% | 2.8% | 1.9% | 1.6% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
1 buy · 1 sell · 1 member · last 180d
Self-reported periodic transaction reports (STOCK Act). Amounts are disclosed ranges; a trade may be a spouse's. Disclosures lag the trade by up to ~45 days. Source: House Clerk + Senate eFD.
1483 tracked peers · median
Dates from 8-K (Item 2.02); beat/miss = reported EPS vs consensus (Finnhub, recent quarters); move = prior close → close on/after.
Recent news tone vs the market's typical (which skews positive). A soft signal, not a recommendation.
| 2026-06-08 | Weisser Ashlee Suzanne Chief Financial Officer | Award | 26.6K | |
| 2026-05-21 | Britt Irene Chang Director | Award | 12.3K | |
| 2026-05-21 | FLEISHER MICHAEL D Director | Award | 12.3K | |
| 2026-05-21 | Alvarez Ralph Director | Award | 17.6K | |
| 2026-05-21 | Solheim Jostein Director | Award | 12.3K | |
| 2026-05-21 | Tipograph Rachel K Director | Award | 12.3K | |
| 2026-05-21 | Jemley Charles Director | Award | 12.3K | |
| 2026-05-21 | Lilak Stephanie Director | Award | 12.3K |