First Watch Restaurant reported revenue of $354.67M and net income of $2.58M for the quarter ended Jun 2026, up 15.2% year over year. This income statement covers 24 quarters of results from Sep 2020 through Jun 2026, standardized by Business Quant from the company’s SEC filings.
| Income 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue & cost | ||||||||||||||||||||||||
| Revenue | 157.44M | 162.62M | 173.11M | 184.45M | 186.85M | 185.75M | 211.41M | 216.30M | 219.21M | 244.63M | 242.45M | 258.56M | 251.61M | 263.29M | 282.24M | 307.89M | 316.02M | 316.35M | 330.96M | 354.67M | ||||
| Cost of RevenueCost of Rev | 35.87M | 37.82M | 39.40M | 45.22M | 44.58M | 43.36M | 46.63M | 47.69M | 48.71M | 54.35M | 52.18M | 55.80M | 55.87M | 59.24M | 66.65M | 71.98M | 69.73M | 71.74M | 74.31M | 82.59M | ||||
| Gross Profit | 121.57M | 124.80M | 133.71M | 139.23M | 142.27M | 142.38M | 164.78M | 168.61M | 170.50M | 190.29M | 190.26M | 202.76M | 195.74M | 204.05M | 215.59M | 235.91M | 246.29M | 244.61M | 256.65M | 272.08M | ||||
| Operating items | ||||||||||||||||||||||||
| Selling, General & AdministrativeSG&A | 17.02M | 26.03M | 19.56M | 21.94M | 21.69M | 21.77M | 22.70M | 25.28M | 25.18M | 29.95M | 27.66M | 27.19M | 27.68M | 30.74M | 30.22M | 33.19M | 33.75M | 31.80M | 39.95M | 38.73M | ||||
| Restructuring CostsRestructuring | 0.51M | 0.74M | 0.98M | 1.09M | 1.49M | 1.84M | 1.04M | 1.25M | 2.04M | 2.85M | 1.57M | 1.83M | 2.39M | 4.33M | 2.66M | 3.51M | 3.81M | 2.95M | 3.06M | 3.31M | ||||
| Other Operating ExpensesOther Opex | -0.10M | -0.12M | -0.08M | -0.15M | -0.34M | -0.35M | -0.13M | -0.30M | -0.18M | -0.74M | -0.12M | -0.15M | -0.11M | -0.14M | -0.01M | -0.13M | -0.17M | -0.14M | -0.15M | -0.11M | ||||
| Operating ExpensesOpex | 150.29M | 163.69M | 165.35M | 179.40M | 184.23M | 184.27M | 196.07M | 204.96M | 211.47M | 237.78M | 230.16M | 242.11M | 245.30M | 259.43M | 281.13M | 300.57M | 305.97M | 307.32M | 329.96M | 346.55M | ||||
| Operating IncomeOp. Inc | 7.15M | -1.07M | 7.76M | 5.05M | 2.62M | 1.48M | 15.33M | 11.34M | 7.74M | 6.86M | 12.29M | 16.45M | 6.31M | 3.86M | 1.11M | 7.31M | 10.05M | 9.04M | 1.00M | 8.13M | ||||
| EBIT | 7.15M | -1.07M | 7.76M | 5.05M | 2.62M | 1.48M | 15.33M | 11.34M | 7.74M | 6.86M | 12.29M | 16.45M | 6.31M | 3.86M | 1.11M | 7.31M | 10.05M | 9.04M | 1.00M | 8.13M | ||||
| Non-operating items | ||||||||||||||||||||||||
| Non Operating Interest Expenses | 6.05M | 1.44M | 1.01M | 1.13M | 1.36M | 1.74M | 1.91M | 2.04M | 1.85M | 2.27M | 2.60M | 3.38M | 3.44M | 3.22M | 3.33M | 4.00M | 4.57M | 4.79M | 4.78M | 4.89M | ||||
| Other Non Operating IncomeOther Non Op Inc. | -0.16M | 1.26M | -0.89M | 1.24M | -0.10M | -3.56M | 2.72M | -0.88M | -0.12M | 0.09M | 0.05M | 0.74M | 0.31M | |||||||||||
| Non Operating IncomeNon Op. Inc. | 0.21M | -2.31M | 0.16M | 0.12M | 0.12M | 0.52M | 0.49M | 0.69M | 0.77M | 0.92M | 0.33M | 0.71M | 0.62M | 0.10M | 0.68M | 0.27M | 0.19M | 0.18M | 0.34M | 0.13M | ||||
| Net income details | ||||||||||||||||||||||||
| EBT | 1.32M | -4.82M | 6.92M | 4.04M | 1.38M | 0.26M | 13.92M | 9.99M | 6.66M | 5.50M | 10.01M | 13.78M | 3.50M | 0.74M | -1.54M | 3.58M | 5.67M | 4.42M | -3.43M | 3.37M | ||||
| Tax ProvisionsTaxes | 0.53M | -0.17M | 2.28M | 1.34M | 1.33M | 0.74M | 4.56M | 2.03M | 1.24M | 2.86M | 2.80M | 4.88M | 1.38M | 0.04M | -0.71M | 1.47M | 2.68M | -10.74M | -0.75M | 1.03M | ||||
| Profit After TaxPAT | 0.78M | -4.65M | 4.64M | 2.71M | 0.05M | -0.49M | 9.36M | 7.96M | 6.40M | 1.82M | 7.21M | 8.90M | -2.67M | 0.93M | -0.83M | 2.11M | 3.06M | 15.16M | -2.69M | 2.58M | ||||
| Income from Non-Controlling InterestsInc. Minority | 0.27M | -0.22M | 0.31M | -0.03M | -0.89M | -0.22M | -0.03M | 0.02M | 0.18M | 0.08M | ||||||||||||||
| Income from Continuing OperationsIncome (Continuing) | 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 | ||||
| Consolidated Net IncomeConsol Net Inc. | 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 | ||||
| Income towards Parent CompanyParent Net Inc | 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 | ||||
| Net Income towards Common StockholdersNet 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 | ||||
| Additional items | ||||||||||||||||||||||||
| EPS (Basic) | 0.02 | -0.10 | 0.08 | 0.05 | 0.00 | -0.01 | 0.16 | 0.13 | 0.09 | 0.04 | 0.12 | 0.15 | 0.03 | 0.01 | -0.01 | 0.03 | 0.05 | 0.25 | -0.04 | 0.04 | ||||
| EPS (Diluted) | 0.02 | -0.10 | 0.08 | 0.05 | 0.00 | -0.01 | 0.15 | 0.13 | 0.09 | 0.04 | 0.12 | 0.14 | 0.03 | 0.01 | -0.01 | 0.03 | 0.05 | 0.24 | -0.04 | 0.04 | ||||
| Shares Outstanding | 45.01M | 48.21M | 59.05M | 59.06M | 59.09M | 59.10M | 59.24M | 59.39M | 59.65M | 59.53M | 60.01M | 60.38M | 60.43M | 60.37M | 60.77M | 61.01M | 61.03M | 60.96M | 61.24M | 61.67M | ||||
| Shares Outstanding (Diluted)Shares Outstanding (Dil.) | 46.09M | 48.21M | 59.98M | 59.89M | 60.46M | 60.14M | 60.60M | 60.94M | 61.56M | 61.19M | 62.48M | 62.46M | 61.85M | 62.35M | 60.77M | 62.58M | 62.83M | 62.84M | 61.24M | 62.30M | ||||
| Shares Outstanding (Entity)Shares Outstanding (Entity.) | 45.01M | 48.21M | 59.05M | 59.08M | 59.12M | 59.21M | 59.28M | 59.46M | 59.79M | 59.89M | 60.37M | 60.40M | 60.55M | 60.70M | 60.97M | 61.02M | 61.03M | 61.13M | 61.63M | 61.71M | ||||
| EBITDA | 7.15M | -1.07M | 7.76M | 5.05M | 2.62M | 1.48M | 15.33M | 11.34M | 7.74M | 6.86M | 12.29M | 16.45M | 6.31M | 3.86M | 1.11M | 7.31M | 10.05M | 9.04M | 1.00M | 8.13M | ||||
| Interest ExpensesInt Expense | 6.05M | 1.44M | 1.01M | 1.13M | 1.36M | 1.74M | 1.91M | 2.04M | 1.85M | 2.27M | 2.60M | 3.38M | 3.44M | 3.22M | 3.33M | 4.00M | 4.57M | 4.79M | 4.78M | 4.89M | ||||
| Tax Rate | 40.55% | 3.46% | 32.92% | 33.04% | 96.65% | 289.84% | 32.75% | 20.34% | 18.66% | 51.90% | 27.95% | 35.41% | 39.59% | 5.28% | 46.06% | 41.11% | 47.29% | -243.08% | 21.81% | 30.55% |