First Watch Q4 revenue $316.4M (+20.2%), net income $15.2M; CFO retires

First Watch Restaurant Group, Inc.

2025-FY EPS reported $0.31 revenue$1,222,501,000

Full year 2025: total revenues $1.2B (+20.3%), net income $19.4M, adjusted EBITDA $120.9M.
Q4 2025 total revenues $316.4M (+20.2%), net income $15.2M (vs $0.7M), adjusted EBITDA $33.7M (vs $24.3M).
Q4 same-restaurant sales +3.1%, traffic -1.9%.
CFO Mel Hope to retire in 2026; search for successor underway; he will stay until successor in place.
Opened 64 system-wide restaurants in 2025 across 23 states.

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