First Watch Restaurant reported cash from operations of $27.44M and free cash flow of -$13.06M for the quarter ended Jun 2026, down 30.4% year over year. This cash flow statement covers 24 quarters of results from Sep 2020 through Jun 2026, standardized by Business Quant from the company’s SEC filings.
| Cash Flow Statement | Sep2020 | Dec2020 | Mar2021 | Jun2021 | Sep2021 | Dec2021 | Mar2022 | Jun2022 | Sep2022 | Dec2022 | Mar2023 | Jun2023 | Sep2023 | Dec2023 | Mar2024 | Jun2024 | Sep2024 | Dec2024 | Mar2025 | Jun2025 | Sep2025 | Dec2025 | Mar2026 | Jun2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||||||||||
| Net Income | 0.78M | -4.65M | 4.64M | 2.71M | 0.05M | -0.49M | 9.36M | 7.96M | 5.42M | 2.65M | 7.21M | 8.90M | 2.11M | 0.70M | -0.83M | 2.11M | 2.99M | 15.16M | -2.69M | 2.34M | ||||
| Share-based CompensationStock Comp. | 4.04M | 10.47M | 10.33M | 16.89M | 10.74M | 8.02M | 8.32M | 19.30M | 37.03M | 24.16M | 8.90M | 64.67M | 30.86M | 24.67M | 26.82M | 56.61M | 20.66M | 10.81M | 24.84M | 36.14M | ||||
| Deferred Taxes | 0.49M | -0.35M | 2.05M | 1.12M | 1.19M | 0.32M | 4.23M | 1.65M | 0.69M | 1.75M | 2.26M | 4.34M | 0.90M | -0.67M | -1.20M | 0.73M | 2.26M | -11.83M | -1.37M | 0.40M | ||||
| Cash from OperationsCash from Ops. | 13.84M | 18.71M | 7.99M | 23.82M | 14.83M | 16.29M | 21.14M | 34.44M | 17.46M | 22.29M | 24.98M | 31.91M | 35.86M | 22.92M | 20.14M | 39.43M | 47.88M | 18.46M | 34.46M | 27.44M | ||||
| Depreciation, Depletion & Amortization | ||||||||||||||||||||||||
| Amortizatization of IntangiblesAmort. of Intangibles | 3.30M | 3.47M | 3.90M | 3.83M | 4.18M | 4.21M | 4.36M | 4.64M | 5.14M | 5.34M | 5.75M | 6.48M | 7.01M | 7.34M | 7.68M | 8.10M | 8.39M | 8.62M | 8.92M | 9.32M | ||||
| Amortization of Deferred ChargesAmort. Deferred Charges | 0.32M | 0.13M | 0.11M | 0.11M | 0.11M | 0.11M | 0.11M | 0.11M | 0.11M | 0.12M | 0.11M | 0.15M | 0.16M | 0.15M | 0.15M | 0.17M | 0.17M | 0.17M | 0.17M | 0.17M | ||||
| Depreciation & Amortization (CF)Dep. & Amort. | 8.20M | 8.41M | 8.22M | 8.40M | 8.68M | 8.93M | 9.12M | 9.44M | 10.43M | 12.23M | 12.27M | 14.54M | 15.15M | 15.76M | 16.56M | 18.14M | 19.66M | 20.66M | 21.40M | 21.84M | ||||
| Change in Working Capital | ||||||||||||||||||||||||
| Change in ReceivablesChange Receivables | -0.05M | 1.55M | -1.42M | 0.84M | -0.44M | 2.73M | -2.34M | 0.64M | 0.52M | 0.54M | -1.40M | -0.10M | 0.90M | 2.30M | -1.27M | -0.48M | 0.02M | 1.35M | -0.83M | 0.78M | ||||
| Change in InventoryChange Inventory | 0.23M | 0.55M | -0.30M | 0.24M | 0.15M | 0.91M | -0.62M | 0.42M | -0.26M | 0.52M | -0.20M | 0.26M | -0.34M | 0.79M | 0.08M | 0.38M | -0.29M | 0.69M | -0.04M | 0.66M | ||||
| Change in Account PayablesChange Payables | 0.61M | 3.94M | -3.10M | -0.98M | 0.51M | 0.09M | -2.37M | 0.29M | 0.00M | 0.77M | -0.64M | 1.50M | -0.30M | 0.09M | 0.73M | -0.19M | -0.28M | 1.47M | 1.06M | 0.51M | ||||
| Change in Accured ExpensesChange Accured Exp. | 2.84M | -1.40M | -9.23M | 12.87M | 2.40M | -1.29M | -6.52M | 12.34M | -0.82M | 1.08M | 1.70M | -6.43M | 11.30M | -3.92M | 2.00M | 6.82M | 2.73M | -4.97M | 5.66M | 1.85M | ||||
| Other Working Capital ChangesOther WC Changes | -0.30M | 2.36M | -1.60M | 0.10M | -0.56M | 2.78M | -2.03M | 0.11M | -1.40M | 2.67M | -1.96M | -0.58M | -0.91M | 3.31M | -2.26M | -0.40M | -0.91M | 4.12M | -2.44M | 0.07M | ||||
| Investing Activities | ||||||||||||||||||||||||
| Capital ExpendituresCapex | 7.90M | 8.25M | 11.36M | 15.21M | 18.42M | 17.23M | 14.52M | 15.16M | 23.09M | 30.56M | 28.58M | 29.61M | 29.07M | 40.64M | 36.54M | 41.09M | 42.47M | 36.80M | 29.35M | 40.50M | ||||
| Sales of Property, Plant and EquipmentPP&E (Sale) | 0.22M | 0.15M | 0.45M | 0.04M | 0.56M | 0.00M | 0.03M | 0.01M | 0.03M | |||||||||||||||
| Acquisitions | 8.02M | 22.40M | 9.46M | 3.42M | 73.68M | 1.45M | 0.09M | 0.01M | 54.82M | 1.18M | 0.17M | |||||||||||||
| Cash from Investing ActivitiesCash from Investing | -7.90M | -8.26M | -11.46M | -15.49M | -18.75M | -17.41M | -14.44M | -22.73M | -45.46M | -40.74M | -32.00M | -103.35M | -30.56M | -40.73M | -36.60M | -96.24M | -42.92M | -37.99M | -29.53M | -40.97M | ||||
| Financing Activities | ||||||||||||||||||||||||
| Other financing activitiesOther financing | 0.24M | 0.38M | 0.80M | 0.56M | 1.36M | 3.09M | 0.82M | 3.15M | 0.07M | 1.83M | 1.39M | 0.13M | 0.17M | 0.90M | 0.09M | 0.17M | ||||||||
| Cash from Financing ActivitiesCash from Financing | -2.12M | -10.44M | -1.87M | -1.29M | -0.27M | 1.42M | -1.96M | 0.71M | 1.16M | 28.16M | 0.56M | 73.30M | 0.47M | -0.01M | 1.76M | 57.38M | -3.42M | 20.07M | -2.60M | 10.45M | ||||
| Additional items | ||||||||||||||||||||||||
| Change in Cash | 3.82M | 0.01M | -5.34M | 7.04M | -4.20M | 0.30M | 4.74M | 12.42M | -26.84M | 9.71M | -6.46M | 1.86M | 5.77M | -17.82M | -14.71M | 0.57M | 1.54M | 0.53M | 2.32M | -3.08M | ||||
| Free Cash FlowFCF | 5.94M | 10.46M | -3.37M | 8.61M | -3.59M | -0.94M | 6.62M | 19.28M | -5.63M | -8.27M | -3.60M | 2.30M | 6.78M | -17.72M | -16.41M | -1.66M | 5.41M | -18.34M | 5.11M | -13.06M | ||||
| Net Cash FlowNCF | 3.82M | 0.01M | -5.34M | 7.04M | -4.20M | 0.30M | 4.74M | 12.42M | -26.84M | 9.71M | -6.46M | 1.86M | 5.77M | -17.82M | -14.71M | 0.57M | 1.54M | 0.53M | 2.32M | -3.08M |