---
schema_version: "secwatch.filing_event.v1"
accession: "0001789940-26-000017"
form_type: "8-K/A"
ticker: "FWRG"
cik: "0001789940"
company_name: "First Watch Restaurant Group, Inc."
filed_at: "2026-02-24T23:59:59+00:00"
generated_at: "2026-05-16T00:51:46.578747+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# First Watch corrects FY2026 new restaurant outlook to include 3 closures; FY2025 revenue $1.2B

## Summary
- Amendment corrects typo: FY2026 outlook for new system-wide restaurants now explicitly includes three company-owned restaurant closures.
- FY2025 total revenues $1.2B (+20.3% YoY), net income $19.4M, Adjusted EBITDA $120.9M.
- Q4 2025 total revenues $316.4M (+20.2% YoY), net income $15.2M, Adjusted EBITDA $33.7M.
- FY2025 system-wide sales $1.4B (+16.1%), same-restaurant sales growth 3.6%, traffic positive.
- Opened 64 system-wide restaurants in FY2025 (13 in Q4); FY2025 restaurant-level operating profit margin 18.5%.

## SEC filing metadata
- accession: 0001789940-26-000017
- form_type: 8-K/A
- 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: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1789940/000178994026000017/0001789940-26-000017-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1789940/000178994026000017/fwrg-20260220.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001789940-26-000017
- JSON: https://secwatch.observer/filing/0001789940-26-000017.json
- Plain text: https://secwatch.observer/filing/0001789940-26-000017.txt

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