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First Watch Restaurant Group Inc   (NASDAQ: FWRG)
Other Ticker:  
 
    Sector  Services    Industry Restaurants
   Industry Restaurants
   Sector  Services
 

FWRG's Net Income Growth by Quarter and Year

First Watch Restaurant Group Inc 's Net Income results by quarter and year





FWRG Net Income (in millions $) FY 2025 FY 2024 FY 2023 FY 2022
4th Quarter December - 0.70 2.65 -0.49
3rd Quarter September 2.99 2.11 5.42 0.05
2nd Quarter June 2.11 8.90 7.96 2.71
1st Quarter March -0.83 7.21 9.36 4.64
FY   4.27 18.92 25.39 6.91





FWRG Net Income third quarter 2025 Y/Y Growth Comment
First Watch Restaurant Group Inc reported Net Income rise of 41.75% year on year in the third quarter 2025, to $ 2.99 millions, this is lower than First Watch Restaurant Group Inc 's recent average Net Income rise of 53.29%.

Looking into third quarter 2025 results within Restaurants industry 13 other companies have achieved higher Net Income growth. While First Watch Restaurant Group Inc ' s Net Income jump of 41.75% ranks overall at the positon no. 802 in the third quarter 2025.




FWRG Net Income ( Y/Y Growth %) 2025
2024 2023 2022
4th Quarter December - -73.58 % - -
3rd Quarter September 41.75 % -61.07 % 10740 % -93.59 %
2nd Quarter June -76.29 % 11.81 % 193.73 % -
1st Quarter March - -22.97 % 101.72 % -
FY   - -25.48 % 267.44 % -

Financial Statements
First Watch Restaurant Group Inc 's third quarter 2025 Net Income $ 2.99 millions FWRG's Income Statement
First Watch Restaurant Group Inc 's third quarter 2024 Net Income $ 2.11 millions Quarterly FWRG's Income Statement


FWRG Net Income (Quarter on Quarter Growth %)

2025
2024 2023 2022
4th Quarter December - -66.82 % -51.11 % -
3rd Quarter September 41.75 % -76.29 % -31.91 % -98.15 %
2nd Quarter June - 23.44 % -14.96 % -41.59 %
1st Quarter March - 172.08 % - -
FY (Year on Year)   - -25.48 % 267.44 % -




Net Income third quarter 2025 Y/Y Growth Company Ranking
Within: No.
Restaurants Industry #14
Services Sector #100
Overall #802

Net Income Y/Y Growth Statistics
High Average Low
267.53 % 53.29 % -83.09 %
(Dec 31 2023)   (Jun 29 2025)
Net Income third quarter 2025 Y/Y Growth Company Ranking
Within: No.
Restaurants Industry #14
Services Sector #100
Overall #802
Net Income Y/Y Growth Statistics
High Average Low
267.53 % 53.29 % -83.09 %
(Dec 31 2023)   (Jun 29 2025)

Net Income by Quarter for the Fiscal Years 2022, 2023, 2024, 2025

First Watch Restaurant Group Inc 's Q/Q Net Income Growth


Net Income Q/Q Growth Statistics
High Average Low
172.43 % -14.33 % -98.3 %
(Mar 31 2024)  


FWRG's III. Quarter Q/Q Net Income Comment
First Watch Restaurant Group Inc achieved in the III. Quarter 2025 above company average sequential Net Income jump of 41.75%, to $ 2.99 millions, from $2.11 millions in the second quarter.
FWRG is undergoing a remarkable growth, with claiming higher then normal increase, and additionally increasing rate.

Within Restaurants industry 2 other companies have achieved higher Net Income quarter on quarter growth. While First Watch Restaurant Group Inc 's Net Income growth quarter on quarter, overall rank is 238.


Net Income Q/Q Growth Company Ranking
Within: No.
Restaurants Industry #3
Services Sector #32
Overall #238
Net Income Q/Q Growth Company Ranking
Within: No.
Restaurants Industry #3
Services Sector #32
Overall #238
Net Income Q/Q Growth Statistics
High Average Low
172.43 % -14.33 % -98.3 %
(Mar 31 2024)  


FWRG's III. Quarter Q/Q Net Income Comment
First Watch Restaurant Group Inc achieved in the III. Quarter 2025 above company average sequential Net Income jump of 41.75%, to $ 2.99 millions, from $2.11 millions in the second quarter.
FWRG is undergoing a remarkable growth, with claiming higher then normal increase, and additionally increasing rate.

Within Restaurants industry 2 other companies have achieved higher Net Income quarter on quarter growth. While First Watch Restaurant Group Inc 's Net Income growth quarter on quarter, overall rank is 238.


First Watch Restaurant Group Inc 's 12 Months Net Income Growth Year on Year


Net Income TTM Growth

12 Months Ending
(Sep 28 2025)
12 Months Ending
(Jun 29 2025)
12 Months Ending
(Mar 30 2025)
12 Months Ending
(Dec 29 2024)
12 Months Ending
(Sep 29 2024)
Cumulative Net Income 12 Months Ending $ 4.97 $ 4.09 $ 10.88 $ 18.93 $ 20.87
Y / Y Net Income Growth (TTM) -76.2 % -83.09 % -53.17 % -25.45 % -6.19 %
Year on Year Net Income Growth Overall Ranking # 727 # 229 # 115 # 93 # 87
Seqeuential Net Income Change (TTM) 21.5 % -62.43 % -42.5 % -9.34 % -13.67 %
Seq. Net Income Growth (TTM) Overall Ranking # 1037 # 581 # 743 # 689 # 426


Cumulative Net Income growth Comment
First Watch Restaurant Group Inc showed decline, but improvement compare to trailing twelve month Net Income decrease in Jun 29 2025. If the fiscal year would end in Sep 28 2025, First Watch Restaurant Group Inc 's annual Net Income fall would be -76.2% year on year to $5 millions.

In the Services sector 90 other companies have achieved higher trailing twelve month Net Income growth. While Net Income growth total ranking has deteriorated compare to previous quarter from 229 to 727.

Net Income TTM Y/Y Growth Company Ranking
Within: No.
Restaurants Industry # 16
Services Sector # 91
Overall # 727

Net Income TTM Y/Y Growth Statistics
High Average Low
267.53 %
53.29 %
-83.09 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 16
Sector # 127
S&P 500 # 1037
Cumulative Net Income growth Comment
First Watch Restaurant Group Inc showed decline, but improvement compare to trailing twelve month Net Income decrease in Jun 29 2025. If the fiscal year would end in Sep 28 2025, First Watch Restaurant Group Inc 's annual Net Income drop would be -76.2% year on year to $5 millions.

In the Services sector 90 other companies have achieved higher trailing twelve month Net Income growth. While Net Income growth total ranking has deteriorated compare to previous quarter from 229 to 727.


Net Income TTM Y/Y Growth Company Ranking
Within: No.
Restaurants Industry # 16
Services Sector # 91
Overall # 727

Net Income TTM Y/Y Growth Statistics
High Average Low
267.53 %
53.29 %
-83.09 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 16
Sector # 127
S&P 500 # 1037




Other Net Income Growth
Restaurants Industry Net Income Growth Trends and Statistics
Services Sector Net Income Growth Statistics
Net Income Growth Trends for overall market
FWRG's Net Income Growth Ratio versus Restaurants Industry, Services Sector and total Market
Highest Ranking Net Income Growth
Lowest Ranking Net Income Growth




Companies with similar Net Income drop for the quarter ending Sep 28 2025 within Services SectorY/Y Change %Net Income for the quarter ending Sep 28 2025
Casella Waste Systems Inc 73.00%$ 73.003 millions
Sezzle Inc 72.67%$ 72.670 millions
Amc Networks Inc 72.44%$ 72.440 millions
Adm Endeavors Inc 71.67%$ 71.670 millions
Gxo Logistics Inc 71.43%$ 71.429 millions
Choice Hotels International Inc70.26%$ 70.264 millions
Graham Holdings Co69.43%$ 69.433 millions
Stride Inc 68.29%$ 68.289 millions
Urban Edge Properties64.16%$ 64.160 millions
V2x Inc 63.48%$ 63.478 millions
Cbre Group Inc 61.63%$ 61.633 millions
Paysign Inc 54.17%$ 54.167 millions
Cushman and Wakefield Plc52.52%$ 52.522 millions
Pursuit Attractions And Hospitality Inc 52.34%$ 52.336 millions
Getty Realty Corp 52.25%$ 52.253 millions
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Mediaalpha Inc 48.41%$ 48.410 millions
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Jones Lang Lasalle Incorporated43.67%$ 43.669 millions
Invitation Homes Inc 43.56%$ 43.558 millions
Bright Horizons Family Solutions Inc 43.07%$ 43.069 millions
First Watch Restaurant Group Inc 41.62%$ 41.619 millions
Royal Caribbean Cruises Ltd41.61%$ 41.614 millions
Expedia Group Inc 40.94%$ 40.936 millions
Air Lease Corporation40.86%$ 40.862 millions
Fiserv Inc 39.93%$ 39.930 millions
Planet Fitness inc 39.60%$ 39.599 millions
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About First Watch Restaurant Group Inc Net Income Growth Rates (FWRG), Current and Historic Growth - CSIMarket Analysis

How we calculate this

This page is based on issuer-reported fundamentals and CSIMarket’s U.S. equities database (20+ years). Growth is computed using year-over-year (Y/Y), sequential, and trailing-twelve-month (TTM) methods.

What’s included here

Company: First Watch Restaurant Group Inc (CIK 1789940).

Source & verification

Last updated

  • Page updated:
  • Data lineage: SEC filings → XBRL parse → normalization CSIMarket.com Database → growth calculations.
  • Accession: 0001789940-25-000086
  • Figures are derived from filed reports and may be restated; numbers are subject to revision.

Sources: First Watch Restaurant Group Inc ’s SEC filings (XBRL/Inline XBRL) and CSIMarket.com’s normalization & QA processes.



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