Growth Metrics

First Watch Restaurant (FWRG) EBITDA (2020 - 2025)

Historic EBITDA for First Watch Restaurant (FWRG) over the last 6 years, with Q3 2025 value amounting to $3.1 million.

  • First Watch Restaurant's EBITDA rose 64589.29% to $3.1 million in Q3 2025 from the same period last year, while for Sep 2025 it was $6.3 million, marking a year-over-year decrease of 8463.54%. This contributed to the annual value of $19.2 million for FY2024, which is 2252.2% down from last year.
  • According to the latest figures from Q3 2025, First Watch Restaurant's EBITDA is $3.1 million, which was up 64589.29% from $2.0 million recorded in Q2 2025.
  • In the past 5 years, First Watch Restaurant's EBITDA registered a high of $24.7 million during Q4 2023, and its lowest value of -$4.7 million during Q4 2021.
  • For the 5-year period, First Watch Restaurant's EBITDA averaged around $4.4 million, with its median value being $3.1 million (2025).
  • Per our database at Business Quant, First Watch Restaurant's EBITDA skyrocketed by 1381956.52% in 2023 and then tumbled by 11832.25% in 2025.
  • First Watch Restaurant's EBITDA (Quarter) stood at -$4.7 million in 2021, then soared by 248.44% to $6.9 million in 2022, then skyrocketed by 257.87% to $24.7 million in 2023, then plummeted by 88.91% to $2.7 million in 2024, then rose by 11.49% to $3.1 million in 2025.
  • Its EBITDA was $3.1 million in Q3 2025, compared to $2.0 million in Q2 2025 and -$1.5 million in Q1 2025.