First Watch Restaurant Group, Inc. (FWRG) Spending and interest coverage
- R&D / revenue · 12 months: Value (m); Formula and calculation Research and development expense / revenue. Period ending 2026-06-28..
- Stock-based compensation / revenue · 12 months: Value 0.97%; Formula and calculation Share-based compensation / revenue. Period ending 2026-06-28..
- Interest coverage · 12 months: Value (m); Formula and calculation Estimated: average term debt × dated USD coupon proxy + average commercial paper × matching-currency disclosed rate at or before period end. Swaps, foreign-exchange, lease interest and amortization are not quantified..
Spending and interest coverage
Overview →Financial period ending 2026-06-28; current quote (m). Amounts retain their stated periods and units.
| Metric | Value | Formula and calculation |
|---|---|---|
| R&D / revenue · 12 months | (m) | Research and development expense / revenue. Period ending 2026-06-28. Calculation unavailable: missing inputs remain (m). |
| Stock-based compensation / revenue · 12 months | 0.97% | Share-based compensation / revenue. Period ending 2026-06-28. $12.76M ÷ $1.32B × 100 ≈ 0.97% |
| Interest coverage · 12 months | (m) | Estimated: average term debt × dated USD coupon proxy + average commercial paper × matching-currency disclosed rate at or before period end. Swaps, foreign-exchange, lease interest and amortization are not quantified. Calculation unavailable: missing inputs remain (m). |
Calculation inputs
| Input | Amount with unit | Raw financial data |
|---|---|---|
| Research and development spending | (m) | |
| Revenue | 1.32B USD | Revenue from Contract with Customer, Excluding Assessed Tax |
| Stock-based compensation | 12.76M USD | Share-based Payment Arrangement, Noncash Expense |
| Operating income | 28.21M USD | Operating Income (Loss) |
| Interest expense · reported / estimated | (m) | Interest Expense · Estimated expense assumptions |
Latest interest expense basis: (m). Estimated values carry *; expand each history row’s basis for its dated balances and rate assumptions.
Calculated history
Changes compare with the next older row (previous quarter), unless explicitly labeled otherwise. Rolling 12-month growth compares two successive quarter-end rolling totals; it is not year-over-year growth.
| Period ending | Research and development spending (USD) | Revenue (USD) | Stock-based compensation (USD) | Operating income (USD) | Interest expense · reported / estimated (USD) | R&D / revenue | SBC / revenue | Interest coverage | Interest expense basis |
|---|---|---|---|---|---|---|---|---|---|
| 2026-06-28 | (m) | $1.32B | $12.76M | $28.21M | (m) | (m) | 0.97% | (m) | (m) |
| 2026-03-29 | (m) | $1.27B | $11.85M | $27.40M | (m) | (m) | 0.93% | (m) | (m) |
| 2025-12-28 | (m) | $1.22B | $10.76M | $27.51M | (m) | (m) | 0.88% | (m) | (m) |
| 2025-09-28 | (m) | $1.17B | $10.06M | $22.34M | (m) | (m) | 0.86% | (m) | (m) |
| 2025-06-29 | (m) | $1.11B | $9.26M | $18.60M | (m) | (m) | 0.84% | (m) | (m) |
| 2025-03-30 | (m) | $1.06B | $8.92M | $27.73M | (m) | (m) | 0.84% | (m) | (m) |
| 2024-12-29 | (m) | $1.02B | $8.53M | $38.91M | (m) | (m) | 0.84% | (m) | (m) |
| 2024-09-29 | (m) | $997.25M | $8.61M | $41.90M | (m) | (m) | 0.86% | (m) | (m) |
| 2024-06-30 | (m) | $964.86M | $8.30M | $43.33M | (m) | (m) | 0.86% | (m) | (m) |
| 2024-03-31 | (m) | $922.59M | $7.97M | $38.22M | $8.76M | (m) | 0.86% | 4.37× | Reported |
| 2023-12-31 | (m) | $891.55M | $7.60M | $41.27M | $8.06M | (m) | 0.85% | 5.12× | Reported |
| 2023-09-24 | (m) | $832.66M | $7.94M | $35.89M | $7.53M | (m) | 0.95% | 4.77× | Reported |
| 2023-06-25 | (m) | $800.30M | $8.89M | $30.77M | $7.04M | (m) | 1.11% | 4.37× | Reported |
| 2023-03-26 | (m) | $768.46M | $9.58M | $24.48M | $6.13M | (m) | 1.25% | 3.99× | Reported |
| 2022-12-25 | (m) | $730.16M | $10.37M | $16.91M | $5.23M | (m) | 1.42% | 3.23× | Reported |
| 2022-09-25 | (m) | $707.04M | (m) | $14.37M | $4.94M | (m) | (m) | 2.91× | Reported |
| 2022-06-26 | (m) | $677.63M | (m) | $18.90M | $9.63M | (m) | (m) | 1.96× | Reported |
| 2022-03-27 | (m) | $647.14M | (m) | $26.16M | $14.79M | (m) | (m) | 1.77× | Reported |
| 2021-12-26 | (m) | $601.19M | (m) | $22.24M | $20.10M | (m) | (m) | 1.11× | Reported |
| 2021-09-26 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2021-06-27 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2021-03-28 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2020-12-27 | (m) | $342.39M | (m) | $-47.22M | $22.82M | (m) | (m) | -2.07× | Reported |
| 2020-09-27 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2019-12-29 | (m) | $436.37M | (m) | $-37.56M | $20.08M | (m) | (m) | -1.87× | Reported |
(m) means missing inputs. Historical market-based ratios use the saved close on or immediately before period ending and that period’s reported shares; current quotes are not substituted. Five-year projections repeat historical CAGR, not analyst forecasts.
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