First Watch Restaurant Group Quarterly Balance Sheet
NASDAQ: FWRGConsumer DiscretionaryRestaurantsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
First Watch Restaurant Group financial position
As of Jun 28, 2026, First Watch Restaurant Group reported total assets of $1.82 billion, up 8.6% from a year earlier against total liabilities of $1.19 billion. Shareholders' equity stood at $634.2 million, or 34.8% of assets. The company held $20.5 million in cash and equivalents against $292.5 million of debt, a net debt position of $272.0 million.
The current ratio (current assets divided by current liabilities) was 0.27, meaning short-term obligations exceed short-term assets. Debt-to-equity was 0.46.
Summary generated from market data by MetaCap's automated system. Methodology
First Watch Restaurant Group balance sheet (quarterly)
| Quarter (USD) | Q2 20262026-06-28 | Q1 20262026-03-29 | Q4 20252025-12-28 | Q3 20252025-09-28 | Q2 20252025-06-29 | Q1 20252025-03-30 | Q4 20242024-12-29 | Q3 20242024-09-29 | Q2 20242024-06-30 | Q1 20242024-03-31 | Q4 20232023-12-31 | Q3 20232023-09-24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | 20.48M | 23.57M | 21.25M | 20.71M | 19.18M | 18.61M | 33.31M | 51.13M | 45.10M | 43.24M | 49.63M | 39.92M |
| Receivables | 6.81M | 6.03M | 6.86M | 5.51M | 5.48M | 5.96M | 7.24M | 4.93M | 4.03M | 4.13M | 5.53M | 4.99M |
| Inventory | 7.80M | 7.14M | 7.17M | 6.49M | 6.77M | 6.20M | 6.12M | 5.33M | 5.67M | 5.20M | 5.38M | 4.79M |
| Total Current Assets | 47.53M | 51.57M | 49.08M | 43.72M | 42.95M | 44.25M | 55.88M | 73.01M | 67.40M | 63.44M | 71.19M | 58.56M |
| Property, Plant & Equipment | 515.42M | 493.25M | 478.45M | 464.59M | 434.18M | 383.34M | 361.39M | 333.05M | 313.88M | 276.97M | 263.08M | 237.53M |
| Goodwill | 420.21M | 420.21M | 420.21M | 420.21M | 420.21M | 398.56M | 398.56M | 398.56M | 398.56M | 360.98M | 359.88M | 356.97M |
| Intangible Assets | 170.77M | 172.58M | 174.91M | 177.24M | 179.13M | 165.97M | 167.60M | 169.33M | 171.03M | 151.06M | 151.19M | 150.28M |
| Total Assets | 1.82B | 1.77B | 1.74B | 1.72B | 1.68B | 1.54B | 1.51B | 1.48B | 1.44B | 1.28B | 1.27B | 1.21B |
| Accounts Payable | 10.28M | 9.77M | 8.70M | 7.23M | 7.51M | 7.69M | 6.96M | 6.87M | 7.18M | 5.68M | 6.32M | 5.55M |
| Short-Term Debt | 14.84M | 13.36M | 13.31M | 13.12M | 11.81M | 10.29M | 9.23M | 7.83M | 6.64M | 3.03M | 5.63M | 6.89M |
| Total Current Liabilities | 177.89M | 177.49M | 167.50M | 176.77M | 158.33M | 141.85M | 138.47M | 134.01M | 118.83M | 106.48M | 115.07M | 110.05M |
| Long-Term Debt | 277.69M | 268.74M | 269.07M | 250.99M | 250.01M | 191.52M | 189.04M | 189.65M | 192.07M | 122.70M | 119.77M | 90.95M |
| Total Liabilities | 1.19B | 1.15B | 1.12B | 1.11B | 1.07B | 947.85M | 918.97M | 895.83M | 850.87M | 704.82M | 705.76M | 648.75M |
| Shareholders' Equity | 634.17M | 627.66M | 626.28M | 607.31M | 601.31M | 596.29M | 595.39M | 589.13M | 585.78M | 574.44M | 561.28M | 557.09M |
| Retained Earnings | -34.74M | -37.08M | -34.39M | -49.55M | -52.55M | -54.65M | -53.82M | -54.52M | -56.63M | -65.53M | -72.75M | -75.39M |
| Total Debt | 292.53M | 282.10M | 282.38M | 264.11M | 261.82M | 201.81M | 198.27M | 197.48M | 198.72M | 125.74M | 125.39M | 97.84M |
| Net Cash (Debt) | -272.05M | -258.54M | -261.13M | -243.40M | -242.65M | -183.21M | -164.96M | -146.35M | -153.62M | -82.49M | -75.76M | -57.92M |
| Shares Outstanding | 61.71M | 61.63M | 61.13M | 61.03M | 61.02M | 60.97M | 60.70M | 60.55M | 60.40M | 60.37M | 59.89M | 59.79M |
This table shows 12 quarterly periods of First Watch Restaurant Group's balance sheet, from Q2 2026 back to Q3 2023, 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?