First Watch Restaurant Group Balance Sheet
NASDAQ: FWRGConsumer DiscretionaryRestaurantsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
First Watch Restaurant Group financial position
At the end of fiscal 2025, First Watch Restaurant Group reported total assets of $1.74 billion, up 15.0% from a year earlier against total liabilities of $1.12 billion. Shareholders' equity stood at $626.3 million, or 36.0% of assets. The company held $21.2 million in cash and equivalents against $282.4 million of debt, a net debt position of $261.1 million.
The current ratio (current assets divided by current liabilities) was 0.29, meaning short-term obligations exceed short-term assets. Debt-to-equity was 0.45.
Summary generated from market data by MetaCap's automated system. Methodology
First Watch Restaurant Group balance sheet (annual)
| Fiscal year (USD) | FY 20252025-12-28 | FY 20242024-12-29 | FY 20232023-12-31 | FY 20222022-12-25 | FY 20212021-12-26 | FY 20202020-12-27 | FY 20192019-12-29 |
|---|---|---|---|---|---|---|---|
| Cash & Equivalents | 21.25M | 33.31M | 49.63M | 49.67M | 51.86M | 38.85M | 11.12M |
| Receivables | 6.86M | 7.24M | 5.53M | 6.16M | 4.45M | 3.92M | — |
| Inventory | 7.17M | 6.12M | 5.38M | 5.03M | 4.02M | 2.92M | — |
| Total Current Assets | 49.08M | 55.88M | 71.19M | 67.29M | 67.70M | 49.04M | — |
| Property, Plant & Equipment | 478.45M | 361.39M | 263.08M | 195.12M | 164.69M | 160.74M | — |
| Goodwill | 420.21M | 398.56M | 359.88M | 345.22M | 345.22M | 345.22M | — |
| Intangible Assets | 174.91M | 167.60M | 151.19M | 143.15M | 143.00M | 143.66M | — |
| Total Assets | 1.74B | 1.51B | 1.27B | 1.10B | 1.05B | 1.01B | — |
| Accounts Payable | 8.70M | 6.96M | 6.32M | 7.59M | 11.06M | 4.22M | — |
| Short-Term Debt | 13.31M | 9.23M | 5.63M | 6.26M | 3.19M | 3.59M | — |
| Total Current Liabilities | 167.50M | 138.47M | 115.07M | 99.98M | 96.52M | 76.53M | — |
| Long-Term Debt | 269.07M | 189.04M | 119.77M | 94.67M | 99.75M | 286.40M | — |
| Total Liabilities | 1.12B | 918.97M | 705.76M | 581.31M | 542.49M | 686.65M | — |
| Shareholders' Equity | 626.28M | 595.39M | 561.28M | 523.13M | 504.43M | 320.87M | 329.80M |
| Retained Earnings | -34.39M | -53.82M | -72.75M | -98.13M | -105.04M | -102.93M | — |
| Total Debt | 282.38M | 198.27M | 125.39M | 100.92M | 102.94M | 289.99M | — |
| Net Cash (Debt) | -261.13M | -164.96M | -75.76M | -51.25M | -51.08M | -251.14M | 11.12M |
| Shares Outstanding | 61.13M | 60.70M | 59.89M | 59.21M | 59.05M | 45.01M | — |
This table shows 7 annual periods of First Watch Restaurant Group's balance sheet, from FY 2025 back to FY 2019, across 18 line items including cash & equivalents, receivables, inventory. Values in USD; B = billions, M = millions. Fiscal periods follow FWRG's reporting calendar. What is a balance sheet?