Company: FWRG
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001789940-25-000041
Chunk: 18

Company: First Watch Restaurant Group, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 1
Chunk 18
---
  basic60,767,401 60,012,790 Weighted average number of common shares outstanding - diluted60,767,401 62,476,379 

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

5

Table of Contents

FIRST WATCH RESTAURANT GROUP, INC.

CONSOLIDATED STATEMENTS OF EQUITY

(IN THOUSANDS, EXCEPT SHARE AMOUNTS)

(Unaudited)

 Common StockAdditionalPaid-inCapitalAccumulatedDeficitAccumulated Other Comprehensive Income (Loss)TotalEquity SharesAmountBalance at December 31, 202359,891,705 $599 $634,099 $(72,747)$(667)$561,284 Net income— — — 7,214 — 7,214 Stock-based compensation— — 1,866 — — 1,866 Common stock issued under stock-based compensation plans, net480,826 5 3,142 — — 3,147 Other comprehensive income, net of tax— — — — 929 929 Balance at March 31, 202460,372,531 $604 $639,107 $(65,533)$262 $574,440 

 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 

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)

THIRTEEN WEEKS ENDEDMARCH 30, 2025MARCH