First Watch Restaurant (FWRG) EBT (2020 - 2026)
First Watch Restaurant's (FWRG) quarterly EBT came in at -$3.4 million in Q1 2026, down 123.42% year-on-year from $14.7 million in Q1 2025, and down 177.69% quarter-over-quarter from $4.4 million in Q4 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.
- On a quarterly basis, EBT fell 123.42% year-over-year to -$3.4 million in Q1 2026; TTM through Mar 2026 was $10.2 million, a 37.87% decrease from a year earlier, with the FY2025 full-year figure at $12.1 million, down 56.71% from the prior year.
- EBT eased to -$3.4 million in Q1 2026 per FWRG's latest filing, from $4.4 million in the prior quarter.
- Across five years, EBT topped out at $13.9 million in Q1 2023 and bottomed at -$3.4 million in Q1 2026.
- The 5-year median for EBT is $4.4 million (2025), against an average of $5.0 million.
- Across the five-year window, EBT jumped 2050.39% in 2023 and slumped 123.42% in 2026, its largest moves.
- Year by year, EBT stood at $256000.0 in 2022, then soared by 2050.39% to $5.5 million in 2023, then tumbled by 86.59% to $738000.0 in 2024, then surged by 498.92% to $4.4 million in 2025, then sank by 177.69% to -$3.4 million in 2026.
- Per Business Quant, the three latest FWRG EBT figures stand at -$3.4 million (Q1 2026), $4.4 million (Q4 2025), and $5.7 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT (Qtr) |
|---|---|---|---|---|---|
| 1 | Starbucks | 118.28 Bn | 116.58 Bn | 6.32 Bn | 728.10 Mn |
| 2 | Yum Brands | 41.26 Bn | 40.58 Bn | 1.38 Bn | 516.00 Mn |
| 3 | Chipotle Mexican Grill | 41.21 Bn | 40.34 Bn | 2.61 Bn | 405.81 Mn |
| 4 | Restaurant Brands International | 25.26 Bn | 24.25 Bn | 2.14 Bn | 483.00 Mn |
| 5 | Darden Restaurants | 22.64 Bn | 22.40 Bn | 3.31 Bn | 356.80 Mn |
| 6 | Yum China Holdings | 15.35 Bn | 13.92 Bn | 2.31 Bn | 452.00 Mn |
| 7 | Texas Roadhouse | 12.76 Bn | 12.54 Bn | 1.40 Bn | 147.03 Mn |
| 8 | Dominos Pizza | 11.11 Bn | 10.98 Bn | 478.23 Mn | 175.23 Mn |
| 9 | Dutch Bros | 8.18 Bn | 7.92 Bn | 107.48 Mn | 27.01 Mn |
| 10 | First Watch Restaurant | 748.70 Mn | 725.14 Mn | 279.06 Mn | -3.43 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |