First Watch Restaurant (FWRG) Deferred Taxes (2020 - 2026)
First Watch Restaurant (FWRG) posted Deferred Taxes of $396,000 for Q2 2026, down 45.8% from $731,000 a year earlier.
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Analysis
First Watch Restaurant (FWRG) Deferred Taxes (2020 - 2026) Analysis & Trends
For the trailing twelve months through Jun 28, 2026, Deferred Taxes at First Watch Restaurant was -$10.54 million; for FY2025, it was -$10.03 million.
- In prior years, First Watch Restaurant's Deferred Taxes was $6.82 million in FY2024 (-17.9%), $8.32 million in FY2023 (+77.8%), $4.68 million in FY2022 (+114.9%) and $2.18 million in FY2021.
- Quarterly Deferred Taxes has run from a low of -$11.83 million in Q4 2025 to a high of $4.34 million in Q2 2024 over five years.
- On a year-over-year basis, Deferred Taxes increased in two of the last four quarters, with growth averaging 13.3%.
- The strongest year-over-year quarter for Deferred Taxes in the past five years was Q4 2023, with growth of 439.8%; the weakest was Q2 2025, with a decline of 83.2%.
- According to Business Quant data, Deferred Taxes for the three prior quarters was -$1.37 million (Q1 2026), -$11.83 million (Q4 2025) and $2.26 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Deferred Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Mcdonalds | 163.51 Bn | 158.34 Bn | 6.42 Bn | -58.00 Mn |
| 2 | Starbucks | 107.11 Bn | 94.75 Bn | - | -110.90 Mn |
| 3 | Chipotle Mexican Grill | 40.42 Bn | 36.40 Bn | - | 19.92 Mn |
| 4 | Yum Brands | 37.23 Bn | 34.12 Bn | 1.47 Bn | -424.00 Mn |
| 5 | Restaurant Brands International | 24.82 Bn | 21.92 Bn | 1.38 Bn | -166.00 Mn |
| 6 | Darden Restaurants | 22.06 Bn | 21.17 Bn | -113.70 Mn | -8.80 Mn |
| 7 | Restaurant Brands International Limited Partnership | 17.01 Bn | 12.57 Bn | 1.38 Bn | -166.00 Mn |
| 8 | Yum China Holdings | 14.18 Bn | 8.54 Bn | 537.00 Mn | -6.00 Mn |
| 9 | Texas Roadhouse | 10.25 Bn | 9.62 Bn | - | 1.51 Mn |
| 10 | First Watch Restaurant | 627.62 Mn | 541.61 Mn | - | 396,000.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 28, 2026 | 396,000.00 |
| Mar 29, 2026 | -1.37 Mn |
| Dec 28, 2025 | -11.83 Mn |
| Sep 28, 2025 | 2.26 Mn |
| Jun 29, 2025 | 731,000.00 |
| Mar 30, 2025 | -1.20 Mn |
| Dec 29, 2024 | -674,000.00 |
| Sep 29, 2024 | 897,000.00 |
| Jun 30, 2024 | 4.34 Mn |
| Mar 31, 2024 | 2.26 Mn |
| Dec 31, 2023 | 1.75 Mn |
| Sep 24, 2023 | 692,000.00 |
| Jun 25, 2023 | 1.65 Mn |
| Mar 26, 2023 | 4.23 Mn |
| Dec 25, 2022 | 324,000.00 |
| Sep 25, 2022 | 1.19 Mn |
| Jun 26, 2022 | 1.12 Mn |
| Mar 27, 2022 | 2.05 Mn |
| Dec 26, 2021 | -350,000.00 |
| Sep 26, 2021 | 493,000.00 |
API Access
First Watch Restaurant Deferred Taxes 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=deferred-taxes&ticker=FWRG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "deferred-taxes", "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=deferred-taxes&ticker=FWRG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();