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
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