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
DateValue
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