First Watch Restaurant (FWRG) EBITDA (2020 - 2026)

First Watch Restaurant's EBITDA history runs 7 years deep, the most recent figure standing at -$2.1 million for Q1 2026.

• In Q1 2026, EBITDA fell 42.83% year-over-year to -$2.1 million; the TTM figure through Mar 2026 stood at $18.1 million (up 90.62% YoY), while the FY2025 annual figure was $18.8 million, down 1.95% from the prior year.
• EBITDA was -$2.1 million for Q1 2026 at First Watch Restaurant, down from $15.2 million in the prior quarter.
• In the past five years, EBITDA ranged from a high of $15.2 million in Q4 2025 to a low of -$2.1 million in Q1 2026.
• Historically, EBITDA has averaged $4.0 million across 5 years, with a median of $2.7 million in 2024.
• The sharpest annual moves came in 2023 and 2025: EBITDA surged 13819.57% in 2023, then sank 118.32% in 2025.
• A 5-year view of EBITDA shows it stood at -$486000.0 in 2022, then surged by 337.86% to $1.2 million in 2023, then surged by 137.2% to $2.7 million in 2024, then soared by 454.38% to $15.2 million in 2025, then tumbled by 114.02% to -$2.1 million in 2026.
• The last three EBITDA figures came in at -$2.1 million (Q1 2026), $15.2 million (Q4 2025), and $3.1 million (Q3 2025), per Business Quant data.