First Watch Restaurant (FWRG) Enterprise Value (2020 - 2026)
First Watch Restaurant's (FWRG) 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 (FWRG) Enterprise Value (2020 - 2026) Analysis & Trends
First Watch Restaurant's Enterprise Value history runs 7 years deep, the most recent figure standing at -$23.6 million for Q1 2026.
- On a quarterly basis, Enterprise Value fell 26.65% year-over-year to -$23.6 million in Q1 2026; TTM through Mar 2026 was -$23.6 million, a 26.65% decrease from a year earlier, with the FY2025 full-year figure at -$21.2 million, up 36.26% from the prior year.
- Enterprise Value slipped to -$23.6 million in Q1 2026 per FWRG's latest filing, from -$21.2 million in the prior quarter.
- Across five years, Enterprise Value topped out at -$18.6 million in Q1 2025 and bottomed at -$67.1 million in Q2 2023.
- The 5-year median for Enterprise Value is -$46.1 million (2024), against an average of -$40.6 million.
- Across the five-year window, Enterprise Value jumped 59.49% in 2025 and decreased 26.65% in 2026, its largest moves.
- Year by year, Enterprise Value stood at -$49.9 million in 2022, then dropped by 0.33% to -$50.1 million in 2023, then soared by 33.45% to -$33.3 million in 2024, then soared by 36.26% to -$21.2 million in 2025, then fell by 10.91% to -$23.6 million in 2026.
- Per Business Quant, the three latest FWRG Enterprise Value figures stand at -$23.6 million (Q1 2026), -$21.2 million (Q4 2025), and -$20.7 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Enterprise Value (Qtr) |
|---|---|---|---|---|---|
| 1 | Starbucks | 117.61 Bn | 115.91 Bn | 6.32 Bn | -1.69 Bn |
| 2 | Chipotle Mexican Grill | 41.20 Bn | 40.33 Bn | 2.61 Bn | -871.42 Mn |
| 3 | Yum Brands | 40.68 Bn | 39.99 Bn | 1.38 Bn | -689.00 Mn |
| 4 | Restaurant Brands International | 25.13 Bn | 25.66 Bn | 2.14 Bn | 536.00 Mn |
| 5 | Darden Restaurants | 22.23 Bn | 21.99 Bn | 3.68 Bn | -219.50 Mn |
| 6 | Yum China Holdings | 15.22 Bn | 14.47 Bn | 2.31 Bn | -755.00 Mn |
| 7 | Texas Roadhouse | 12.56 Bn | 12.37 Bn | 1.40 Bn | -193.13 Mn |
| 8 | Dominos Pizza | 10.74 Bn | 10.60 Bn | 478.23 Mn | -134.43 Mn |
| 9 | Dutch Bros | 8.14 Bn | 8.10 Bn | 107.48 Mn | -39.44 Mn |
| 10 | First Watch Restaurant | 737.04 Mn | 713.47 Mn | 279.06 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 | -46.07 Mn |
| Mar 31, 2024 | -43.50 Mn |
| Dec 31, 2023 | -50.09 Mn |
| Sep 24, 2023 | -40.76 Mn |
| Jun 25, 2023 | -67.09 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 |