Companies: 10,795·Total market cap: $144.5T
First Watch Restaurant Group, Inc.

First Watch Restaurant Group, Inc.

FWRGNASDAQConsumer Cyclical● Active
$10.10
$-0.08(-0.79%)
Market Cap$622613339
P/E Ratio—
52W High$19.53
52W Low$10.09
Net IncomeFinancialsRevenue

First Watch Restaurant Group, Inc. (FWRG) Net Income & Profit History

Annual & trailing net income, net margin, YoY change, and peer profitability context.

FWRG · net income · updated Jun 8, 2026

Core profitability metrics

Net income was $19.4M for FY2025 (fiscal year ending 2025-12-28), up 2.7% year-over-year. Net profit margin was 1.6%. Based on available data, First Watch Restaurant Group, Inc. has been profitable since at least 2022.

FY2025 Net Income$19.4M▲ +2.7% YoY
Trailing 12M (TTM)$17.6Mtrailing 4 quarters sum
Net Profit Margin1.6%$19.4M ÷ $1.22B
YoY Change+2.7%—
5-Year CAGRN/AN/A — contains loss years
FormulaNet Margin = Net Income ÷ Revenue × 100TTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0
Source: FMP /income-statement · US GAAP · USDUpdated: Jun 8, 2026

Annual net income history

Net IncomeNet LossNet Margin %★ First Profit: 2022

▸ FMP /income-statement · Annual · FWRG net income history · FWRG profit margin

Annual net income data

Fiscal YearNet IncomeYoY ChangeNet Margin
FY2025$19.4M▲ +2.7%1.6%
FY2024$18.9M▼ 25.4%1.9%
FY2023$25.4M▲ +267.5%2.9%
FY2022★ First Profit$6.9M▲ +427.8%0.9%
FY2021Loss−$2.1M▲ +95.8%-0.3%

Net income vs peers (Consumer Cyclical)

#CompanyNet IncomeYoY
#1
First Watch Restaurant Group, Inc.
First Watch Restaurant Group, Inc.YOU
FWRG
$19.4M+2.7%
#2
Toyota Motor Corporation
Toyota Motor Corporation
TM
$4.08T-14.4%#3
Alibaba Group Holding Limited
Alibaba Group Holding Limited
BABA
$103.59B-20.4%#4
Amazon.com, Inc.
Amazon.com, Inc.
AMZN
$77.67B+31.1%#5
The Home Depot, Inc.
The Home Depot, Inc.
HD
$14.16B-4.4%#6
Tesla, Inc.
Tesla, Inc.
TSLA
$3.79B-46.8%
Consumer Cyclical · Sorted by Net Income · FMP /income-statementFull Net Income Rankings →

About Net Income & Methodology

First Watch Restaurant Group, Inc. (FWRG) reported net income of $19.4M for FY2025 (fiscal year ending 2025-12-28), up 2.7% year-over-year. The net profit margin was 1.6% — meaning the company kept $0.02 of every dollar of revenue as profit.

Based on available data, First Watch Restaurant Group, Inc. has been profitable since at least 2022. Net income reached a peak of $25.4M in FY2023. Data available for 8 fiscal years.

First Watch Restaurant Group, Inc.'s net profit margin was 1.6% for FY2025, based on the latest annual results.

Investors sometimes search for "First Watch Restaurant Group, Inc. net worth" — the company's market capitalization is a separate figure from FWRG net income. Data sourced from FMP /income-statement · US GAAP · USD.

Figures tie to SEC 10-K/10-Q and FMP /income-statement where noted.
RevenueFinancial statementsEarningsForecastPrice historyMarket capFree cash flow

Frequently asked questions

FWRG net income · 5 questions

First Watch Restaurant Group, Inc. is profitable. The company reported net income of $19.4M for FY2025, a net profit margin of 1.6%. Net income was up 2.7% year-over-year. Based on available data, First Watch Restaurant Group, Inc. has been profitable since at least 2022.

is FWRG profitabledoes FWRG make a profitFWRG profitabilityFWRG profitable company

▸ Source: FMP /income-statement · GAAP · First Watch Restaurant Group, Inc. · First Watch Restaurant Group, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026