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| 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 |