FWRG (First Watch Restaurant Group) Issuance of Debt: $703 Mil (TTM As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FWRG First Watch Restaurant Group Inc FWRG
71 GF Score
Price $12.01
GF Value $22.39
Valuation Possible Value Trap
! 5 Warning Signs
View Full Analysis

What is First Watch Restaurant Group Issuance of Debt?

First Watch Restaurant Group FWRG -2.44% 71 Issuance of Debt is $703 Mil as of Jun. 2026. GuruFocus rates FWRG with a GF Score™ of 71/100 and a GF Value™ of $22.39 (Possible Value Trap). The stock has 5 warning signs investors should review.

First Watch Restaurant Group's Issuance of Debt for the three months ended in Jun. 2026 was $212 Mil.

First Watch Restaurant Group's Issuance of Debt for the trailing twelve months (TTM) ended in Jun. 2026 was $703 Mil.

First Watch Restaurant Group Issuance of Debt Related Terms

First Watch Restaurant Group Issuance of Debt Historical Data

* Premium members only.

The historical data trend for First Watch Restaurant Group's Issuance of Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

First Watch Restaurant Group Issuance of Debt Chart

First Watch Restaurant Group Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Issuance of Debt
Get a 7-Day Free Trial 102.87 4.76 31.38 220.00 471.00

First Watch Restaurant Group Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Issuance of Debt Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 148.50 134.50 182.00 174.50 211.50
FWRG
71GF Score
First Watch Restaurant Group Inc FWRG
Issuance of Debt is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

First Watch Restaurant Group Issuance of Debt Calculation

Issuance of Debt represents all the cash inflow from debt, including both long-term debt and short-term debt.

Issuance of Debt for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $703 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Issuance of Debt →
What does a Issuance of Debt of $703 Mil mean?
First Watch Restaurant Group (FWRG) has a Issuance of Debt of $703 Mil as of Jun. 2026. Issuance of Debt is all the cash inflow from debt, including both long-term debt and short-term debt. View historical data on First Watch Restaurant Group and its competitors.
Is First Watch Restaurant Group's Issuance of Debt too high?
First Watch Restaurant Group's current Issuance of Debt is $703 Mil. Overall, First Watch Restaurant Group has a GF Score™ of 71/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does First Watch Restaurant Group's Issuance of Debt compare to SG and BLMN?
First Watch Restaurant Group's Issuance of Debt of $703 Mil can be compared against companies in the Restaurants industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Issuance of Debt for a Restaurants company?
A good Issuance of Debt depends on the Restaurants industry context. However, Issuance of Debt should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Issuance of Debt mean?
A high Issuance of Debt can signal that a stock is expensive relative to its fundamentals. Issuance of Debt is all the cash inflow from debt, including both long-term debt and short-term debt. View historical data on First Watch Restaurant Group and its competitors. First Watch Restaurant Group's current Issuance of Debt is $703 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Watch Restaurant Group stock overvalued right now?
Based on GuruFocus' analysis, First Watch Restaurant Group (FWRG) is currently considered Possible Value Trap. The stock's GF Value™ is $22.39, compared to a current price of $12.01 — trading 46.4% below its estimated fair value. The current Issuance of Debt is $703 Mil. First Watch Restaurant Group's overall GF Score™ is 71/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Issuance of Debt calculated?
Issuance of Debt is calculated from a company's financial statements. For First Watch Restaurant Group (FWRG), the current Issuance of Debt is $703 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is First Watch Restaurant Group (FWRG) Overvalued in 2026?

Based on GuruFocus' analysis, First Watch Restaurant Group stock appears to be undervalued. The current stock price of $12.01 is trading 46.4% below its estimated GF Value™ of $22.39. GuruFocus considers First Watch Restaurant Group to be Possible Value Trap.

Key valuation signals for FWRG:

  • Issuance of Debt: $703 Mil
  • GF Value™: $22.39 vs. price of $12.01 (46.4% below fair value)
  • GF Score™: 71/100 with 5 warning signs

No single metric tells the full story. See the FWRG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

First Watch Restaurant Group Business Description

Address 8725 Pendery Place, Suite 201, Bradenton, FL, USA, 34201
First Watch Restaurant Group Inc is a daytime restaurant concept serving made-to-order breakfast, brunch, and lunch using fresh ingredients. The company generates revenues from Restaurant sales and Franchise revenues. It generates maximum revenue from Restaurant sales.
71GF Score

Get the complete analysis for FWRG

Issuance of Debt is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$12.01
Price
$22.39
GF Value