First Watch Restaurant (FWRG) EBT (2020 - 2026)
First Watch Restaurant (FWRG) reported EBT of $3.37 million for Q2 2026, down 5.8% from $3.58 million a year earlier.
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Analysis
First Watch Restaurant (FWRG) EBT (2020 - 2026) Analysis & Trends
Over the twelve months ended Jun 28, 2026, First Watch Restaurant's EBT came in at $10.03 million, up 59.9% year-over-year; for FY2025, it was $12.13 million, down 56.7% from FY2024.
- By year, EBT came in at $28.03 million in FY2024 (-22.3%), $36.08 million in FY2023 (+186.5%), $12.59 million in FY2022 and $370,000 in FY2021.
- Five-year quarterly EBT spans a low of -$4.82 million in Q4 2021 and a high of $13.92 million in Q1 2023.
- Year over year, EBT gained in two of the last six quarters, with growth averaging 57.9%.
- The high point for year-over-year EBT in five years was Q4 2025 (growth of 498.9%); the low point was Q4 2024 (a decline of 86.6%).
- Per Business Quant data, the three quarters before Q2 2026 came in at -$3.43 million (Q1 2026), $4.42 million (Q4 2025) and $5.67 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT (Qtr) |
|---|---|---|---|---|---|
| 1 | Mcdonalds | 165.62 Bn | 160.44 Bn | 6.42 Bn | 2.94 Bn |
| 2 | Starbucks | 108.79 Bn | 96.42 Bn | - | 1.42 Bn |
| 3 | Chipotle Mexican Grill | 40.35 Bn | 36.33 Bn | - | 533.27 Mn |
| 4 | Yum Brands | 37.59 Bn | 34.48 Bn | 1.47 Bn | 533.00 Mn |
| 5 | Restaurant Brands International | 24.96 Bn | 22.07 Bn | 1.38 Bn | 592.00 Mn |
| 6 | Darden Restaurants | 22.28 Bn | 21.39 Bn | -113.70 Mn | 465.60 Mn |
| 7 | Restaurant Brands International Limited Partnership | 17.01 Bn | 12.57 Bn | 1.38 Bn | 592.00 Mn |
| 8 | Yum China Holdings | 14.08 Bn | 8.44 Bn | 537.00 Mn | 354.00 Mn |
| 9 | Texas Roadhouse | 10.31 Bn | 9.67 Bn | - | 143.99 Mn |
| 10 | First Watch Restaurant | 640.58 Mn | 554.57 Mn | - | 3.37 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 28, 2026 | 3.37 Mn |
| 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 |
API Access
First Watch Restaurant EBT 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=ebt&ticker=FWRG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebt", "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=ebt&ticker=FWRG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();