---
schema_version: "secwatch.filing_event.v1"
accession: "0001789940-26-000013"
form_type: "8-K"
ticker: "FWRG"
cik: "0001789940"
company_name: "First Watch Restaurant Group, Inc."
filed_at: "2026-02-24T23:59:59+00:00"
generated_at: "2026-05-16T00:51:49.202030+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001789940-26-000013
- form_type: 8-K
- ticker: FWRG
- cik: 0001789940
- company_name: First Watch Restaurant Group, Inc.
- filed_at: 2026-02-24T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1789940/000178994026000013/0001789940-26-000013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1789940/000178994026000013/fwrg-20260220.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001789940-26-000013
- JSON: https://secwatch.observer/filing/0001789940-26-000013.json
- Plain text: https://secwatch.observer/filing/0001789940-26-000013.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.