Company: FWRG
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001789940-25-000086
Chunk: 15

Company: First Watch Restaurant Group, Inc.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 1
Chunk 15
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,663 Income before income taxes5,674 3,496 7,713 27,288 Income tax expense(2,683)(1,384)(3,445)(9,062)Net income$2,991 $2,112 $4,268 $18,226 Net income$2,991 $2,112 $4,268 $18,226 Other comprehensive income (loss)Unrealized gain (loss) on derivatives88 (3,560)(920)(2,421)Income tax related to other comprehensive income (loss)(22)888 229 604 Comprehensive income (loss)$3,057 $(560)$3,577 $16,409 Net income per common share - basic$0.05 $0.03 $0.07 $0.30 Net income per common share - diluted$0.05 $0.03 $0.07 $0.29 Weighted average number of common shares outstanding -  basic61,027,278 60,428,016 60,933,443 60,275,167 Weighted average number of common shares outstanding - diluted62,834,080 61,851,127 62,798,962 62,343,751 

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