First Watch Restaurant Group, Inc.FWRGEarnings & Financial Report
Ruby Tuesday Inc. is an American multinational foodservice retailer that owns, operates, and franchises Ruby Tuesday restaurants. The concept was started in 1972 by Samuel E. (Sandy) Beall III.
Revenue
$263.3M
Gross Profit
N/A
Operating Profit
$3.9M
Net Profit
N/A
Gross Margin
N/A
Operating Margin
1.5%
Net Margin
N/A
YoY Growth
7.6%
EPS
$0.01
First Watch Restaurant Group, Inc. Q4 FY2024 Financial Summary
First Watch Restaurant Group, Inc. reported revenue of $263.3M (up 7.6% YoY) for Q4 FY2024, with a net profit of N/A (N/A margin).
Key Financial Metrics
| Total Revenue | $263.3M |
|---|---|
| Net Profit | N/A |
| Gross Margin | N/A |
| Operating Margin | 1.5% |
| Report Period | Q4 FY2024 |
Revenue Breakdown
First Watch Restaurant Group, Inc. Q4 FY2024 revenue of $263.3M breaks down across 4 segments, led by In Restaurant Dining Sales at $215.6M (81.9% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| In Restaurant Dining Sales | $215.6M | 81.9% |
| Third Party Delivery Sales | $24.8M | 9.4% |
| Take Out Sales | $20.2M | 7.7% |
| Royalty And System Fund Contributions | $2.6M | 1.0% |
First Watch Restaurant Group, Inc. Revenue by Segment — Quarterly Trend
First Watch Restaurant Group, Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as In Restaurant Dining Sales and Third Party Delivery Sales) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| In Restaurant Dining Sales | $254.1M | $254.2M | $247.4M | $226.7M |
| Third Party Delivery Sales | $38.6M | $37.2M | $34.5M | $32.0M |
| Take Out Sales | $21.3M | $22.3M | $23.1M | $20.9M |
| Royalty And System Fund Contributions | $2.3M | $2.3M | $2.5M | $2.6M |
First Watch Restaurant Group, Inc. Annual Revenue by Year
First Watch Restaurant Group, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $1.2B).
| Year | Annual Revenue |
|---|---|
| 2025 | $1.2B |
| 2024 | $1.0B |
| 2023 | $891.6M |
| 2022 | $730.2M |
First Watch Restaurant Group, Inc. Quarterly Revenue & Net Profit History
First Watch Restaurant Group, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $316.4M | +20.2% | N/A | N/A |
| Q3 FY2025 | $316.0M | +25.6% | $3.0M | 0.9% |
| Q2 FY2025 | $307.9M | +19.1% | $2.1M | 0.7% |
| Q1 FY2025 | $282.2M | +16.4% | $-829.0K | -0.3% |
| Q4 FY2024 | $263.3M | +7.6% | N/A | N/A |
| Q3 FY2024 | $251.6M | +14.8% | $2.1M | 0.8% |
| Q2 FY2024 | $258.6M | +19.5% | $8.9M | 3.4% |
| Q1 FY2024 | $242.4M | +14.7% | $7.2M | 3.0% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $242.4M | $258.6M | $251.6M | $263.3M | $282.2M | $307.9M | $316.0M | $316.4M |
| YoY Growth | 14.7% | 19.5% | 14.8% | 7.6% | 16.4% | 19.1% | 25.6% | 20.2% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $1.28B | $1.44B | $1.48B | $1.51B | $1.54B | $1.68B | $1.72B | $1.74B |
| Liabilities | $704.8M | $850.9M | $895.8M | $919.0M | $947.8M | $1.07B | $1.11B | $1.12B |
| Equity | $574.4M | $585.8M | $589.1M | $595.4M | $596.3M | $601.3M | $607.3M | $626.3M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $25.0M | $31.9M | $35.9M | $22.9M | $20.1M | $39.4M | $47.9M | $18.5M |