In the wake of the increase in Current Liabilities in the second quarter 2026, Quick Ratio fell to 0.12 a new company low.

Within Restaurants industry 31 other companies have achieved higher Quick Ratio than First Watch Restaurant Group Inc in second quarter 2026. While Quick Ratio total ranking in the second quarter 2026 has deteriorated compared to the prior quarter from 3041 to 3592.

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FWRG Quick Ratio	(Jun 28 2026) Q2	(Mar 29 2026) Q1	(Dec 28 2025) Q4	(Sep 28 2025) Q3	(Jun 29 2025) Q2
Y / Y Current Liabilities Change	12.35 %	25.13 %	20.96 %	31.9 %	33.23 %
Y / Y Cash & cash equivalent Change	6.82 %	26.65 %	-36.22 %	-59.49 %	-57.48 %
Quick Ratio MRQ	0.12	0.13	0.13	0.12	0.12
FWRG's Total Ranking	# 3592	# 3041	# 2283	# 2974	# 2243
Seq. Current Liabilities Change	0.22 %	5.96 %	-5.24 %	11.65 %	11.62 %
Seq. Cash & cash equivalent Change	-13.07 %	10.91 %	2.57 %	8.01 %	3.06 %

Quick Ratio second quarter 2026 Company Ranking
Within:	No.
Restaurants Industry	# 32
Services Sector	# 409
Overall Market	# 3592

Quick Ratio Statistics
High	Average	Low
1.61	0.43	0.12
(Dec 27 2020)		(Jun 28 2026)

Financial Statements
First Watch Restaurant Group Inc 's Current Liabilities	$ 178 Millions	Visit FWRG's Balance sheet
First Watch Restaurant Group Inc 's Cash & cash equivalent	$ 20 Millions	Visit FWRG's Balance sheet
Source of FWRG's Sales		Visit FWRG's Sales by Geography

Cumulative First Watch Restaurant Group Inc 's Quick Ratio

FWRG's Quick Ratio for the trailling 12 Months

FWRG Quick Ratio	(Jun 28 2026) 12 Months	(Mar 29 2026) 12 Months	(Dec 28 2025) 12 Months	(Sep 28 2025) 12 Months	(Jun 29 2025) 12 Months
Y / Y Current Liabilities TTM Growth	22.17 %	27.56 %	29.46 %	29.72 %	27.13 %
Y / Y Cash & cash equivalent TTM Growth	-29.63 %	-42.83 %	-53.85 %	-51.45 %	-31.3 %
Quick Ratio TTM	0.12	0.12	0.12	0.15	0.21
Total Ranking TTM	# 4135	# 2954	# 2116	# 3316	# 2174
Seq. Current Liabilities TTM Growth	2.88 %	5.53 %	4.72 %	7.47 %	7.41 %
Seq. Cash & cash equivalent TTM Growth	1.54 %	6.22 %	-13.14 %	-24.88 %	-17.5 %

Quick ratio ranking by company, industry and sector >> Back to FWRG Financial Strength Comparisons >> Go to Compare FWRG Quick Ratio to its Competitors

News about First Watch Restaurant Group Inc Quick Ratio

First Watch Restaurant Group, Inc. Implements Secondary Offering to Address Financial Challenges and Improve Liquidity Position

First Watch Restaurant Group, Inc. Announces Secondary Offering of Common Stock
BRADENTON, Fla., March 07, 2024 - First Watch Restaurant Group, Inc. (FWRG or the Company) (NASDAQ: FWRG), a leading Daytime Dining concept serving breakfast, brunch, and lunch, has recently revealed plans for an underwritten secondary offering. The Company announced that certain funds managed by Advent International, L.P. (the Selling Stockholders) will be offering 6,000,000 shares of the Company s common stock (Common Stock) to the public.
This announcement comes in the midst of a decline in the Company s Quick Ratio, which is a measure of a company s ability to meet short-term financial obligations. In the third quarter of 2023, First Watch witnessed an increase in Current Liabilities, leading to a decrease in its Quick Ratio to 0.36. This new low indicates potential financial concerns for the company.
Analyzing the Quick Ratio on a trailing twelve-month basis, due to a rise in Current Liabilities in the third quarter of 2023 to $110.05 million, the cumulative Quick Ratio dropped to 0.51. This figure remains below First Watch Restaurant Group Inc s average Quick Ratio over the past twelve months. The decrease in the Quick Ratio may have reflected a strained liquidity position and raised concerns among investors.

On the trailing twelve months basis In Spite of the rise in Current Liabilities in the Q2 2026 to $177.89 millions, cumulative Quick Ratio remained unchanged at 0.12 below the average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Restaurants industry 45 other companies have achieved higher Quick Ratio than First Watch Restaurant Group Inc . While Quick Ratio total ranking has deteriorated compared to the previous twelve months ending in the first quarter 2026 from 2954 to 4135.

Explain Quick Ratio?
How much Cash & cash equivalents FWRG�s has?
What are FWRG�s Current Liabilities?

TTM Quick Ratio Company Ranking
Within:	No.
Within the Restaurants Industry	# 46
Services Sector	# 534
Within the Market	# 4135

trailing twelve months Quick Ratio Statistics
High	Average	Low
0.57	0.39	0.12
(Jun 26 2022)		(Dec 28 2025)

Companies with similar Quick Ratio in the quarter ending Jun 28 2026, within Restaurants Industry	Quick Ratio	Jun 28 2026 MRQ Cash & cash equivalent	Jun 28 2026 MRQ Current Liabilities
The Cheesecake Factory Incorporated	0.27	$ 195.170 Millions	$ 713.576 Millions
Texas Roadhouse inc	0.26	$ 202.427 Millions	$ 790.793 Millions
Fast Casual Concepts Inc	0.21	$ 0.006 Millions	$ 0.029 Millions
Mcdonald s Corporation	0.20	$ 822.000 Millions	$ 4,018.000 Millions
Liveone Inc	0.20	$ 8.626 Millions	$ 43.409 Millions
Aramark	0.17	$ 499.425 Millions	$ 3,001.228 Millions
Brinker International Inc	0.16	$ 110.000 Millions	$ 676.700 Millions
Yum Brands Inc	0.16	$ 674.000 Millions	$ 4,292.000 Millions
Amaze Holdings Inc	0.14	$ 2.393 Millions	$ 16.731 Millions
Gen Restaurant Group Inc	0.14	$ 8.015 Millions	$ 58.474 Millions
Red Robin Gourmet Burgers inc	0.13	$ 22.849 Millions	$ 181.077 Millions
Jack In The Box Inc	0.13	$ 46.318 Millions	$ 369.194 Millions
First Watch Restaurant Group Inc	0.12	$ 20.485 Millions	$ 177.887 Millions
Papa John s International Inc	0.10	$ 28.490 Millions	$ 282.844 Millions
Bloomin Brands Inc	0.08	$ 66.613 Millions	$ 824.036 Millions
Bj s Restaurants Inc	0.08	$ 14.427 Millions	$ 186.283 Millions
Cracker Barrel Old Country Store inc	0.08	$ 36.535 Millions	$ 476.236 Millions
One Group Hospitality Inc	0.07	$ 9.149 Millions	$ 124.314 Millions
Darden Restaurants Inc	0.07	$ 219.500 Millions	$ 3,005.400 Millions
Krispy Kreme Inc	0.05	$ 21.825 Millions	$ 465.121 Millions
Dave and Buster s Entertainment Inc	0.03	$ 16.000 Millions	$ 467.100 Millions

Date modified: 2026-09-26T07:40:43+00:00

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