Company: FWRG
Filing Date: 2025-04-08
Form Type: ARS
Source: 0001789940-25-000033
Chunk: 94

Company: First Watch Restaurant Group, Inc.
Filing Date: 2025-04-08
Form: ARS
Chunk 94
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 shares outstanding - diluted 62,351,222 61,191,613 60,140,045 The accompanying notes are an integral part of these consolidated financial statements. 60

FIRST WATCH RESTAURANT GROUP, INC. CONSOLIDATED STATEMENTS OF EQUITY (IN THOUSANDS, EXCEPT SHARE AMOUNTS) Common Stock Additional Paid-In Capital Accumulated Deficit Accumulated Other Comprehensive Income (Loss) Total Equity Shares Amount Balance at December 26, 2021 59,048,446 $ 590 $ 608,878 $ (105,039) $ — $ 504,429 Common stock issued under stock- based compensation plans, net 162,573 2 1,423 — — 1,425 Net income — — — 6,907 — 6,907 Stock-based compensation — — 10,374 — — 10,374 Balance at December 25, 2022 59,211,019 $ 592 $ 620,675 $ (98,132) $ — $ 523,135 Common stock issued under stock- based compensation plans, net 680,686 7 5,820 — — 5,827 Net income — — — 25,385 — 25,385 Stock-based compensation — — 7,604 — — 7,604 Other comprehensive loss, net of tax — — — — (667) (667) Balance at December 31, 2023 59,891,705 $ 599 $ 634,099 $ (72,747) $ (667) $ 561,284 Common stock issued under stock- based compensation plans, net 808,385 8 6,421 — — 6,429 Net income — — — 18,925 — 18,925 Stock-based compensation — — 8,525 — — 8,525 Other comprehensive income, net of tax — — — — 226 226 Balance at December 29, 2024 60,700,090 $ 607 $ 649,045 $ (53,822) $ (441) $ 595,389 The accompanying notes are an integral part of these consolidated financial statements. 61

FIRST WATCH RESTAURANT GROUP, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (IN THOUSANDS) FISCAL YEAR 2024 2023 2022 Cash flows from operating activities: Net income $ 18,925 $