Growth Metrics

First Watch Restaurant (FWRG) Cost of Revenue (2020 - 2025)

Historic Cost of Revenue for First Watch Restaurant (FWRG) over the last 6 years, with Q3 2025 value amounting to $69.7 million.

  • First Watch Restaurant's Cost of Revenue rose 2481.88% to $69.7 million in Q3 2025 from the same period last year, while for Sep 2025 it was $267.6 million, marking a year-over-year increase of 2264.09%. This contributed to the annual value of $223.1 million for FY2024, which is 1303.26% up from last year.
  • First Watch Restaurant's Cost of Revenue amounted to $69.7 million in Q3 2025, which was up 2481.88% from $72.0 million recorded in Q2 2025.
  • First Watch Restaurant's 5-year Cost of Revenue high stood at $72.0 million for Q2 2025, and its period low was $26.9 million during Q1 2021.
  • For the 5-year period, First Watch Restaurant's Cost of Revenue averaged around $49.2 million, with its median value being $47.7 million (2023).
  • As far as peak fluctuations go, First Watch Restaurant's Cost of Revenue surged by 6265.81% in 2021, and later skyrocketed by 546.89% in 2023.
  • Quarter analysis of 5 years shows First Watch Restaurant's Cost of Revenue stood at $37.8 million in 2021, then grew by 14.66% to $43.4 million in 2022, then rose by 25.33% to $54.3 million in 2023, then grew by 9.01% to $59.2 million in 2024, then rose by 17.7% to $69.7 million in 2025.
  • Its last three reported values are $69.7 million in Q3 2025, $72.0 million for Q2 2025, and $66.6 million during Q1 2025.