First Watch Restaurant (FWRG) Enterprise Value (2020 - 2026)
First Watch Restaurant's quarterly Enterprise Value came in at -$23.6 million in Q1 2026, down 26.65% year-on-year from -$32.1 million in Q1 2025, and down 10.91% quarter-over-quarter from -$21.2 million in Q4 2025.
First Watch Restaurant has reported Enterprise Value for 7 years, with the latest figure at -$23.6 million in Q1 2026.
- For the quarter ending Q1 2026, Enterprise Value fell 26.65% year-over-year to -$23.6 million; the trailing twelve-month figure through Mar 2026 stood at -$23.6 million (down 26.65% YoY), and the FY2025 full-year result was -$21.2 million, up 36.26% from the prior year.
- Enterprise Value for Q1 2026 stood at -$23.6 million, down from -$21.2 million in the prior quarter.
- The five-year high for Enterprise Value was -$18.6 million in Q1 2025, with the low at -$67.5 million in Q2 2023.
- Average Enterprise Value over 5 years is -$40.6 million, with a median of -$45.4 million recorded in 2024.
- Year-over-year, Enterprise Value jumped 59.49% in 2025 and decreased 26.65% in 2026.
- Tracing FWRG's Enterprise Value over 5 years: stood at -$49.9 million in 2022, then decreased by 0.08% to -$50.0 million in 2023, then surged by 33.28% to -$33.3 million in 2024, then jumped by 36.26% to -$21.2 million in 2025, then retreated by 10.91% to -$23.6 million in 2026.
- The last three Enterprise Value figures came in at -$23.6 million (Q1 2026), -$21.2 million (Q4 2025), and -$20.7 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Enterprise Value (Qtr) |
|---|---|---|---|---|---|
| 1 | Starbucks | 110.27 Bn | 108.58 Bn | 9.40 Bn | -1.69 Bn |
| 2 | Yum Brands | 40.90 Bn | 40.21 Bn | 1.38 Bn | -689.00 Mn |
| 3 | Chipotle Mexican Grill | 39.62 Bn | 38.75 Bn | 2.61 Bn | -871.42 Mn |
| 4 | Restaurant Brands International | 25.25 Bn | 25.79 Bn | 2.14 Bn | 536.00 Mn |
| 5 | Darden Restaurants | 23.41 Bn | 23.17 Bn | 3.31 Bn | -240.40 Mn |
| 6 | Yum China Holdings | 15.07 Bn | 13.64 Bn | 3.24 Bn | -1.43 Bn |
| 7 | Texas Roadhouse | 11.59 Bn | 11.39 Bn | 1.40 Bn | -193.13 Mn |
| 8 | Dominos Pizza | 10.51 Bn | 10.27 Bn | 464.51 Mn | -232.92 Mn |
| 9 | Cava | 8.67 Bn | 8.28 Bn | 797.57 Mn | -393.03 Mn |
| 10 | First Watch Restaurant | 680.42 Mn | 656.85 Mn | 256.65 Mn | -23.57 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 29, 2026 | -23.57 Mn |
| Dec 28, 2025 | -21.25 Mn |
| Sep 28, 2025 | -20.71 Mn |
| Jun 29, 2025 | -19.18 Mn |
| Mar 30, 2025 | -18.61 Mn |
| Dec 29, 2024 | -33.33 Mn |
| Sep 29, 2024 | -51.13 Mn |
| Jun 30, 2024 | -45.36 Mn |
| Mar 31, 2024 | -43.50 Mn |
| Dec 31, 2023 | -49.96 Mn |
| Sep 24, 2023 | -40.76 Mn |
| Jun 25, 2023 | -67.49 Mn |
| Mar 26, 2023 | -54.67 Mn |
| Dec 25, 2022 | -49.92 Mn |
| Sep 25, 2022 | -49.62 Mn |
| Jun 26, 2022 | -53.82 Mn |
| Mar 27, 2022 | -46.77 Mn |
| Dec 26, 2021 | -52.12 Mn |
| Sep 26, 2021 | -52.10 Mn |
| Dec 27, 2020 | -39.10 Mn |