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FW

First Watch Restaurant Group, Inc. (FWRG)

NASDAQ • Consumer Cyclical

$10.98
+$0.01 (+0.2%)
Market closed

Last close at October 9, 2026 at 20:00 UTC

Open$10.93
Day Range$10.78 - $11.24
Avg. Volume (3M)1.4M
Market Cap$677.6M
P/E Ratio36.6
52 Week Range
$9.88$18.82
Next EarningsIn 24 daysNov 3, 2026

Metrics Over Time

Where the Money Goes

Q2 2026
Revenueeverything earned$354.6M100%
Gross Profitminus cost of goods$272M77%
Operating Incomeminus R&D and overhead$33.7M10%
Net Incomeminus taxes and the rest$2.3M1%

In plain terms: out of every $100 in revenue, First Watch Restaurant Group, Inc. keeps $1 as net profit.

Fundamentals & Financials

Revenue (TTM)
$1.3B
Net Income (TTM)
$17.8M
EPS (TTM)
$0.3
ROA (TTM)
0.98%
Current Ratio
0.27

TTM is calculated as the sum of the four most recently completed quarters. This is a standard approach when monthly or real-time data is not available.

Earnings

+200.0%Q1 2026$0.24
-100.0%Q2 2026-$0.04
-24.0%Q3 2026$0.04
Next

Nov 3

in 24 daysQ4 2026

% — EPS deviation from the forecast (beat / miss); quarters without a forecast show the reported EPS

Next report — what to expect

First Watch Restaurant Group, Inc. (FWRG) reports next on November 3, 2026. Wall Street expects EPS of $0.03 on revenue of $349.9 million. For trailing context, revenue grew +15.2% year over year last quarter. Historically, it has beaten EPS in 1 of 8 most recent quarters.

View full earnings history

About First Watch Restaurant Group, Inc.

First Watch Restaurant Group, Inc. operates daytime dining restaurants in the consumer-discretionary restaurant business and trades on the NASDAQ under FWRG. The company runs and licenses the First Watch brand through company-owned and franchised locations, and generated $1.2 billion of revenue in FY2025.

Name
First Watch Restaurant Group, Inc.
CEO
Christopher A. Tomasso
Industry
Consumer Cyclical
Year Founded
1983
Employees
18,000

Today's Snapshot

AI-generated

FWRG closed slightly higher at 10.98.

Trading Volume

Below 10d avg (1.6M)

1.5M

vs S&P 500 Today

Moderate Underperformance

-0.41%

Updated: October 9, 2026 at 20:18 UTC

Technical Indicators

2 Buy2 Neutral4 Sell
FWRG reads as a sell primarily because the current level sits below the 50-, 100- and 200-day averages despite short-term moving averages being higher, indicating the broader trend remains down. Momentum and CCI show short-term strength, but fast oscillators are overbought and MACD is not confirming a breakout, while ADX points to a moderate trend. OBV is negative historically even if flagged as buy, and ATR shows typical volatility. The classic pivot near 10.76 is close beneath price but does not negate the weight of medium- and long-term moving averages. Technical takeaway: broader moving-average structure favors sells despite short-term strength and overbought oscillators.
All signals
  • EMA (5 indicators)$10.62 - $13.08
    Sell
  • RSI (14)52.18
    Neutral
  • Stochastic %K (14, 3, 3)82.01
    Sell
  • MACD Level (12, 26)-0.23
    Neutral
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