First Watch Restaurant Group Quarterly Cash Flow Statement
NASDAQ: FWRGConsumer DiscretionaryRestaurantsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
First Watch Restaurant Group free cash flow
In the quarter ended Jun 28, 2026, First Watch Restaurant Group generated $27.4 million of operating cash flow and spent $40.5 million on capital expenditures. That left free cash flow of -$13.1 million, a free-cash-flow margin of -3.7% of revenue.
Summary generated from market data by MetaCap's automated system. Methodology
First Watch Restaurant Group cash flow statement (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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 2.34M | -2.69M | 15.16M | 2.99M | 2.11M | -829.00K | 699.00K | 2.11M | 8.90M | 7.21M | 25.39M | 5.42M |
| Net Income growth (YoY) | +11.06% | — | +2069.38% | +41.62% | -76.34% | -111.49% | -97.25% | -61.02% | +11.82% | -22.93% | +267.53% | +11678.26% |
| Depreciation & Amortization | 21.84M | 21.40M | 20.66M | 19.66M | 18.14M | 16.56M | 15.76M | 15.15M | 14.54M | 12.27M | 12.23M | 10.43M |
| Stock-Based Compensation | 3.70M | 3.35M | 2.83M | 2.88M | 2.79M | 2.26M | 2.13M | 2.08M | 2.45M | 1.87M | 2.22M | 1.76M |
| Change in Working Capital | 997.00K | 6.84M | 489.00K | -2.33M | -1.76M | -246.00K | 2.29M | -3.04M | -1.17M | 30.00K | 1.22M | -2.88M |
| Operating Cash Flow | 27.44M | 34.46M | 18.46M | 47.88M | 39.43M | 20.14M | 22.92M | 35.86M | 31.91M | 24.98M | 22.29M | 17.46M |
| Capital Expenditures | -40.50M | -29.35M | -36.80M | -42.47M | -41.09M | -36.54M | -40.64M | -29.07M | -29.61M | -28.58M | -30.56M | -23.09M |
| Investing Cash Flow | -40.97M | -29.53M | -37.99M | -42.92M | -96.24M | -36.60M | -40.73M | -30.56M | -103.35M | -32.00M | -40.74M | -45.46M |
| Financing Cash Flow | 10.45M | -2.60M | 20.07M | -3.42M | 57.38M | 1.76M | -7.00K | 475.00K | 73.30M | 562.00K | 28.16M | 1.16M |
| Net Change in Cash | -3.08M | 2.32M | 532.00K | 1.54M | 570.00K | -14.71M | -17.82M | 5.77M | 1.86M | -6.46M | 9.71M | -26.84M |
| Free Cash Flow | -13.06M | 5.11M | -18.34M | 5.41M | -1.66M | -16.41M | -17.72M | 6.78M | 2.30M | -3.60M | -8.27M | -5.63M |
This table shows 12 quarterly periods of First Watch Restaurant Group's cash flow statement, from Q2 2026 back to Q3 2023, across 10 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow FWRG's reporting calendar. What is a cash flow statement?