Growth Metrics

First Watch Restaurant (FWRG) Current Leases (2020 - 2025)

First Watch Restaurant has reported Current Leases over the past 6 years, most recently at $75.0 million for Q4 2025.

  • Quarterly results put Current Leases at $75.0 million for Q4 2025, up 34.7% from a year ago — trailing twelve months through Dec 2025 was $75.0 million (up 34.7% YoY), and the annual figure for FY2025 was $75.0 million, up 34.7%.
  • Current Leases for Q4 2025 was $75.0 million at First Watch Restaurant, up from $72.8 million in the prior quarter.
  • Over the last five years, Current Leases for FWRG hit a ceiling of $75.0 million in Q4 2025 and a floor of $37.6 million in Q2 2022.
  • Median Current Leases over the past 5 years was $40.9 million (2023), compared with a mean of $47.5 million.
  • Biggest five-year swings in Current Leases: fell 4.8% in 2021 and later skyrocketed 53.02% in 2025.
  • First Watch Restaurant's Current Leases stood at $38.2 million in 2021, then increased by 1.96% to $38.9 million in 2022, then rose by 3.45% to $40.3 million in 2023, then soared by 38.29% to $55.7 million in 2024, then soared by 34.7% to $75.0 million in 2025.
  • The last three reported values for Current Leases were $75.0 million (Q4 2025), $72.8 million (Q3 2025), and $67.6 million (Q2 2025) per Business Quant data.