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

First Watch Restaurant (FWRG) recorded quarterly EBT of -$3.4 million in Q1 2026, down 177.69% quarter-over-quarter from $4.4 million in Q4 2025, and down 123.42% on a YoY basis from $14.7 million in Q1 2025.

First Watch Restaurant (FWRG) EBT (2020 - 2026) Analysis & Trends

First Watch Restaurant's EBT history runs 7 years deep, the most recent figure standing at -$3.4 million for Q1 2026.

  • In Q1 2026, EBT fell 123.42% year-over-year to -$3.4 million; the TTM figure through Mar 2026 stood at $10.2 million (down 37.87% YoY), while the FY2025 annual figure was $12.1 million, down 56.71% from the prior year.
  • EBT was -$3.4 million for Q1 2026 at First Watch Restaurant, down from $4.4 million in the prior quarter.
  • In the past five years, EBT ranged from a high of $13.9 million in Q1 2023 to a low of -$3.4 million in Q1 2026.
  • Historically, EBT has averaged $5.0 million across 5 years, with a median of $4.4 million in 2025.
  • The sharpest annual moves came in 2023 and 2026: EBT surged 2050.39% in 2023, then slumped 123.42% in 2026.
  • A 5-year view of EBT shows it stood at $256000.0 in 2022, then soared by 2050.39% to $5.5 million in 2023, then sank by 86.59% to $738000.0 in 2024, then surged by 498.92% to $4.4 million in 2025, then tumbled by 177.69% to -$3.4 million in 2026.
  • The last three EBT figures came in at -$3.4 million (Q1 2026), $4.4 million (Q4 2025), and $5.7 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBT (Qtr)
1 Starbucks 114.58 Bn 112.88 Bn 9.40 Bn 728.10 Mn
2 Chipotle Mexican Grill 42.15 Bn 41.28 Bn 2.61 Bn 405.81 Mn
3 Yum Brands 42.13 Bn 41.44 Bn 1.38 Bn 516.00 Mn
4 Restaurant Brands International 25.46 Bn 25.99 Bn 2.14 Bn 483.00 Mn
5 Darden Restaurants 24.75 Bn 24.51 Bn 3.31 Bn 356.80 Mn
6 Yum China Holdings 15.17 Bn 13.74 Bn 3.24 Bn 452.00 Mn
7 Texas Roadhouse 11.72 Bn 11.53 Bn 1.40 Bn 147.03 Mn
8 Dominos Pizza 10.51 Bn 10.28 Bn 464.51 Mn 180.64 Mn
9 Cava 10.34 Bn 9.94 Bn 797.57 Mn 6.08 Mn
10 First Watch Restaurant 722.06 Mn 698.50 Mn 256.65 Mn -3.43 Mn

Historic Data

Download Data
DateValue
Mar 29, 2026 -3.43 Mn
Dec 28, 2025 4.42 Mn
Sep 28, 2025 5.67 Mn
Jun 29, 2025 3.58 Mn
Mar 30, 2025 -1.54 Mn
Dec 29, 2024 738,000.00
Sep 29, 2024 3.50 Mn
Jun 30, 2024 13.78 Mn
Mar 31, 2024 10.01 Mn
Dec 31, 2023 5.51 Mn
Sep 24, 2023 6.66 Mn
Jun 25, 2023 9.99 Mn
Mar 26, 2023 13.92 Mn
Dec 25, 2022 256,000.00
Sep 25, 2022 1.38 Mn
Jun 26, 2022 4.04 Mn
Mar 27, 2022 6.92 Mn
Dec 26, 2021 -4.82 Mn
Sep 26, 2021 1.32 Mn
Jun 27, 2021 6.09 Mn