Company: FWRG
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001789940-25-000072
Chunk: 14

Company: First Watch Restaurant Group, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 14
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3,576 13,779 2,039 23,792 Income tax expense(1,470)(4,879)(762)(7,678)Net income$2,106 $8,900 $1,277 $16,114 Net income$2,106 $8,900 $1,277 $16,114 Other comprehensive incomeUnrealized (loss) gain on derivatives(125)(99)(1,008)1,139 Income tax related to other comprehensive income 31 25 251 (284)Comprehensive income$2,012 $8,826 $520 $16,969 Net income per common share - basic$0.03 $0.15 $0.02 $0.27 Net income per common share - diluted$0.03 $0.14 $0.02 $0.26 Weighted average number of common shares outstanding -  basic61,005,648 60,384,696 60,886,525 60,198,743 Weighted average number of common shares outstanding - diluted62,579,658 62,464,424 62,732,072 62,507,183 

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

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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 Net income— — — 8,900 — 8