First Watch Restaurant (FWRG) Change in Intangibles (2020 - 2026)
First Watch Restaurant's Change in Intangibles was $471,000 in Q2 2026, up 43.2% from $329,000 a year earlier.
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Analysis
First Watch Restaurant (FWRG) Change in Intangibles (2020 - 2026) Analysis & Trends
On a trailing twelve-month basis, First Watch Restaurant's Change in Intangibles was $956,000 through Jun 28, 2026, up 129.8% year-over-year; for FY2025, it was $850,000, up 750.0% from FY2024.
- Change in Intangibles shows a five-year compound annual growth rate of 30.5% (FY2020 to FY2025).
- In earlier years, Change in Intangibles was $100,000 in FY2024 (-37.9%), $161,000 in FY2023 (-85.5%), $1.11 million in FY2022 (+199.5%) and $371,000 in FY2021 (+64.9%).
- The Q2 2026 figure marks the highest quarterly Change in Intangibles in data going back to Q4 2020.
- Compared with a year earlier, Change in Intangibles was higher in three of the last four quarters, with growth averaging 184.2%.
- The best year-over-year quarter for Change in Intangibles over five years was Q2 2025 (growth of 414.1%); the worst was Q3 2023 (a decline of 97.6%).
- Per Business Quant data, FWRG's Change in Intangibles in the three quarters before Q2 2026 was $15,000 (Q1 2026), $20,000 (Q4 2025) and $450,000 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change Intangibless (Qtr) |
|---|---|---|---|---|---|
| 1 | Mcdonalds | 164.13 Bn | 158.95 Bn | 6.42 Bn | - |
| 2 | Starbucks | 107.97 Bn | 95.60 Bn | - | - |
| 3 | Chipotle Mexican Grill | 41.04 Bn | 37.02 Bn | - | - |
| 4 | Yum Brands | 37.16 Bn | 34.04 Bn | 1.47 Bn | - |
| 5 | Restaurant Brands International | 24.42 Bn | 21.52 Bn | 1.38 Bn | - |
| 6 | Darden Restaurants | 22.67 Bn | 21.77 Bn | 1.68 Bn | - |
| 7 | Restaurant Brands International Limited Partnership | 17.01 Bn | 12.57 Bn | 1.38 Bn | - |
| 8 | Yum China Holdings | 13.79 Bn | 8.16 Bn | 537.00 Mn | - |
| 9 | Texas Roadhouse | 10.24 Bn | 9.60 Bn | - | - |
| 10 | First Watch Restaurant | 652.30 Mn | 566.29 Mn | - | 471,000.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 28, 2026 | 471,000.00 |
| Mar 29, 2026 | 15,000.00 |
| Dec 28, 2025 | 20,000.00 |
| Sep 28, 2025 | 450,000.00 |
| Jun 29, 2025 | 329,000.00 |
| Mar 30, 2025 | 51,000.00 |
| Sep 29, 2024 | 36,000.00 |
| Jun 30, 2024 | 64,000.00 |
| Dec 31, 2023 | 77,000.00 |
| Sep 24, 2023 | 8,000.00 |
| Mar 26, 2023 | 76,000.00 |
| Dec 25, 2022 | 396,000.00 |
| Sep 25, 2022 | 336,000.00 |
| Jun 26, 2022 | 278,000.00 |
| Mar 27, 2022 | 101,000.00 |
| Dec 26, 2021 | 12,000.00 |
| Jun 27, 2021 | 275,000.00 |
| Mar 28, 2021 | 84,000.00 |
| Dec 27, 2020 | 76,000.00 |
API Access
First Watch Restaurant Change in Intangibles API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=change-in-intangibles&ticker=FWRG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "change-in-intangibles", "ticker": "FWRG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=change-in-intangibles&ticker=FWRG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();