Company: FWRG
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001789940-25-000072
Chunk: 15

Company: First Watch Restaurant Group, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 15
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,900 Stock-based compensation— — 2,452 — — 2,452 Common stock issued under stock-based compensation plans, net30,307 — 66 — — 66 Other comprehensive loss, net of tax— — — — (74)(74)Balance at June 30, 202460,402,838 $604 $641,625 $(56,633)$188 $585,784 

 Common StockAdditionalPaid-inCapitalAccumulatedDeficitAccumulated Other Comprehensive LossTotalEquity SharesAmountBalance at December 29, 202460,700,090 $607 $649,045 $(53,822)$(441)$595,389 Net loss— — — (829)— (829)Stock-based compensation— — 2,259 — — 2,259 Common stock issued under stock-based compensation plans, net274,453 3 130 — — 133 Other comprehensive loss, net of tax— — — — (663)(663)Balance at March 30, 202560,974,543 610 651,434 (54,651)(1,104)596,289 Net income— — — 2,106 — 2,106 Stock-based compensation— — 2,842 — — 2,842 Common stock issued under stock-based compensation plans, net49,428 — 170 — — 170 Other comprehensive loss, net of tax— — — — (94)(94)Balance at June 29, 202561,023,971 $610 $654,446 $(52,545)$(1,198)$601,313 

The accompanying notes are an integral part of these consolidated financial statements.

6

FIRST WATCH RESTAURANT GROUP, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

(IN THOUSANDS)

(Unaudited)

TWENTY-SIX WEEKS ENDEDJUNE 29, 2025JUNE 30, 2024Cash flows from operating activities:Net income$1,277 $16,114 Adjustments to reconcile net income to net cash provided by operating activities:Depreciation and amortization34,693 26,807 Stock-based compensation, net of