First Watch Restaurant Group Inc Total Assets
First Watch Restaurant Group Inc total assets. Based on the latest financial reports, First Watch Restaurant Group Inc (FWRG) holds total assets worth $1.82 Billion USD as of June 2026. Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments. Also see cash efficiency ratio of First Watch Restaurant Group Inc for how efficiently the company converts equity into cash flow.
Total Assets of First Watch Restaurant Group Inc (2018–2025)
Total assets of First Watch Restaurant Group Inc from 2018 to 2025. This chart illustrates how First Watch Restaurant Group Inc's total assets have evolved over time, based on quarterly financial data. See First Watch Restaurant Group Inc (FWRG) share price today for real-time trading data and today's change.
First Watch Restaurant Group Inc - Asset Composition Analysis
First Watch Restaurant Group Inc Total Assets Breakdown (December 2025)
First Watch Restaurant Group Inc total assets breakdown as of December 2025. First Watch Restaurant Group Inc's total assets of $1.82 Billion consist of 2.8% current assets and 97.2% non-current assets. Explore FWRG working capital efficiency to assess how much short-term liquidity the company maintains relative to its equity base.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 1.2% |
| Accounts Receivable | $6.86 Million | 0.4% |
| Inventory | $7.17 Million | 0.4% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $174.91 Million | 10.0% |
| Goodwill | $420.21 Million | 24.1% |
Asset Composition Trend (2018–2025)
This chart illustrates how First Watch Restaurant Group Inc's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: First Watch Restaurant Group Inc's current assets represent 2.8% of total assets in 2025, a decrease from 4.4% in 2018.
- Cash Position: Cash and equivalents constituted 1.2% of total assets in 2025, down from 2.5% in 2018.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 34.0% of total assets, a decrease from 75.0% in 2018.
- Asset Diversification: The largest asset category is goodwill at 24.1% of total assets.
First Watch Restaurant Group Inc Competitors by Total Assets
Key competitors of First Watch Restaurant Group Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Darden Restaurants Inc
NYSE:DRI
|
USA | $12.86 Billion |
|
Noodles & Company
NASDAQ:NDLS
|
USA | $246.31 Million |
|
Jubilant Foodworks Limited
NSE:JUBLFOOD
|
India | Rs87.78 Billion |
|
WESTLIFE FOODWORLD LIMITED
NSE:WESTLIFE
|
India | Rs26.58 Billion |
|
BJs Restaurants Inc
NASDAQ:BJRI
|
USA | $999.07 Million |
|
Sapphire Foods India Limited
NSE:SAPPHIRE
|
India | Rs32.56 Billion |
|
MTY Food Group Inc
TO:MTY
|
Canada | CA$2.48 Billion |
|
Portillo's Inc
NASDAQ:PTLO
|
USA | $1.62 Billion |
First Watch Restaurant Group Inc - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 0.27 | 0.27 | 0.78 |
| Quick Ratio | 0.22 | 0.23 | 0.74 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-130.36 Million | $-115.38 Million | $-18.30 Million |
First Watch Restaurant Group Inc - Advanced Valuation Insights
This section examines the relationship between First Watch Restaurant Group Inc's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 1.10 |
| Latest Market Cap to Assets Ratio | 0.39 |
| Asset Growth Rate (YoY) | 15.0% |
| Total Assets | $1.74 Billion |
| Market Capitalization | $684.39 Million USD |
Valuation Analysis
Below Book Valuation: The market values First Watch Restaurant Group Inc's assets below their book value (0.39x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: First Watch Restaurant Group Inc's assets grew by 15.0% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for First Watch Restaurant Group Inc (2018–2025)
The table below shows the annual total assets of First Watch Restaurant Group Inc from 2018 to 2025.
| Year | Total Assets | Change |
|---|---|---|
| 2025-12-31 | $1.74 Billion | +15.03% |
| 2024-12-31 | $1.51 Billion | +19.52% |
| 2023-12-31 | $1.27 Billion | +14.72% |
| 2022-12-31 | $1.10 Billion | +5.50% |
| 2021-12-31 | $1.05 Billion | +3.91% |
| 2020-12-31 | $1.01 Billion | +2.59% |
| 2019-12-31 | $982.08 Million | +47.79% |
| 2018-12-31 | $664.51 Million | -- |
About First Watch Restaurant Group Inc
First Watch Restaurant Group, Inc., through its subsidiaries, operates and franchises restaurants under the First Watch trade name in the United States. The company was formerly known as AI Fresh Super Holdco, Inc. and changed its name to First Watch Restaurant Group, Inc. in December 2019. First Watch Restaurant Group, Inc. was founded in 1983 and is based in Bradenton, Florida.