First Watch Restaurant (FWRG) Current Leases (2020 - 2026)
First Watch Restaurant's (FWRG) quarterly Current Leases came in at $76.0 million in Q1 2026, up 34.49% year-on-year from $56.5 million in Q1 2025, and up 1.29% quarter-over-quarter from $75.0 million in Q4 2025.
First Watch Restaurant (FWRG) Current Leases (2020 - 2026) Analysis & Trends
First Watch Restaurant's Current Leases history runs 7 years deep, the most recent figure standing at $76.0 million for Q1 2026.
- On a quarterly basis, Current Leases rose 34.49% year-over-year to $76.0 million in Q1 2026; TTM through Mar 2026 was $76.0 million, a 34.49% increase from a year earlier, with the FY2025 full-year figure at $75.0 million, up 34.7% from the prior year.
- Current Leases grew to $76.0 million in Q1 2026 per FWRG's latest filing, from $75.0 million in the prior quarter.
- Across five years, Current Leases topped out at $76.0 million in Q1 2026 and bottomed at $37.6 million in Q2 2022.
- The 5-year median for Current Leases is $42.9 million (2023), against an average of $50.2 million.
- Across the five-year window, Current Leases fell 4.02% in 2022 and jumped 53.02% in 2025, its largest moves.
- Year by year, Current Leases stood at $38.9 million in 2022, then increased by 3.45% to $40.3 million in 2023, then surged by 38.29% to $55.7 million in 2024, then surged by 34.7% to $75.0 million in 2025, then gained by 1.29% to $76.0 million in 2026.
- Per Business Quant, the three latest FWRG Current Leases figures stand at $76.0 million (Q1 2026), $75.0 million (Q4 2025), and $72.8 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Current Leases (Qtr) |
|---|---|---|---|---|---|
| 1 | Starbucks | 117.61 Bn | 115.91 Bn | 6.32 Bn | 1.30 Bn |
| 2 | Chipotle Mexican Grill | 41.20 Bn | 40.33 Bn | 2.61 Bn | 310.15 Mn |
| 3 | Yum Brands | 40.68 Bn | 39.99 Bn | 1.38 Bn | - |
| 4 | Restaurant Brands International | 25.13 Bn | 25.66 Bn | 2.14 Bn | - |
| 5 | Darden Restaurants | 22.23 Bn | 21.99 Bn | 3.68 Bn | - |
| 6 | Yum China Holdings | 15.22 Bn | 14.47 Bn | 2.31 Bn | - |
| 7 | Texas Roadhouse | 12.56 Bn | 12.37 Bn | 1.40 Bn | 31.79 Mn |
| 8 | Dominos Pizza | 10.74 Bn | 10.60 Bn | 478.23 Mn | 45.96 Mn |
| 9 | Dutch Bros | 8.14 Bn | 8.10 Bn | 107.48 Mn | 39.16 Mn |
| 10 | First Watch Restaurant | 737.04 Mn | 713.47 Mn | 279.06 Mn | 76.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 29, 2026 | 76.00 Mn |
| Dec 28, 2025 | 75.03 Mn |
| Sep 28, 2025 | 72.79 Mn |
| Jun 29, 2025 | 67.61 Mn |
| Mar 30, 2025 | 56.51 Mn |
| Dec 29, 2024 | 55.70 Mn |
| Sep 29, 2024 | 47.57 Mn |
| Jun 30, 2024 | 45.76 Mn |
| Mar 31, 2024 | 41.32 Mn |
| Dec 31, 2023 | 40.28 Mn |
| Sep 24, 2023 | 42.86 Mn |
| Jun 25, 2023 | 39.73 Mn |
| Mar 26, 2023 | 40.47 Mn |
| Dec 25, 2022 | 38.94 Mn |
| Sep 25, 2022 | 38.04 Mn |
| Jun 26, 2022 | 37.59 Mn |
| Mar 27, 2022 | 37.69 Mn |
| Dec 26, 2021 | 38.19 Mn |
| Sep 26, 2021 | 39.63 Mn |
| Dec 27, 2020 | 40.11 Mn |