First Watch Restaurant FWRG
NASDAQ FWRG
$12.05 +0.35 (+2.99%)
As of: Sep 4, 2026 · 3:59 PM EDT

First Watch Restaurant (FWRG) Enterprise Value (2021 - 2026)

First Watch Restaurant (FWRG) posted quarterly Enterprise Value of -$23.6 million for Q1 2026, down 26.65% year-over-year from -$32.1 million in Q1 2025, and down 10.91% quarter-over-quarter from -$21.2 million in Q4 2025.

Analysis

First Watch Restaurant (FWRG) Enterprise Value (2021 - 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.

  • In Q1 2026, Enterprise Value fell 26.65% year-over-year to -$23.6 million; the TTM figure through Mar 2026 stood at -$23.6 million (down 26.65% YoY), while the FY2025 annual figure 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 -$67.1 million in Q2 2023.
  • The 5-year median for Enterprise Value is -$46.1 million (2024), against an average of -$40.6 million.
  • The sharpest annual moves came in 2025 and 2026: Enterprise Value jumped 59.49% in 2025, then declined 26.65% in 2026.
  • First Watch Restaurant's Enterprise Value stood at -$49.9 million in 2022, then slipped by 0.33% to -$50.1 million in 2023, then surged by 33.45% to -$33.3 million in 2024, then surged by 36.26% to -$21.2 million in 2025, then declined by 10.91% to -$23.6 million in 2026.
  • Business Quant data shows FWRG's Enterprise Value at -$23.6 million in Q1 2026, -$21.2 million in Q4 2025, and -$20.7 million in Q3 2025.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Mcdonalds 181.46 Bn 180.64 Bn 6.42 Bn
2 Starbucks 119.15 Bn 115.53 Bn 6.49 Bn
3 Chipotle Mexican Grill 47.22 Bn 46.55 Bn 2.35 Bn
4 Yum Brands 41.34 Bn 40.66 Bn 1.47 Bn
5 Restaurant Brands International 27.92 Bn 26.86 Bn 1.89 Bn
6 Darden Restaurants 25.01 Bn 24.79 Bn 3.68 Bn
7 Restaurant Brands International Limited Partnership 17.24 Bn 16.18 Bn 1.89 Bn
8 Yum China Holdings 15.19 Bn 13.80 Bn 2.22 Bn
9 Texas Roadhouse 12.42 Bn 12.22 Bn 1.44 Bn
10 First Watch Restaurant 743.74 Mn 723.25 Mn 272.08 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 28, 2026 765.73 Mn
Mar 29, 2026 611.79 Mn
Dec 28, 2025 951.36 Mn
Sep 28, 2025 955.80 Mn
Jun 29, 2025 963.92 Mn
Mar 30, 2025 1.01 Bn
Dec 29, 2024 1.10 Bn
Sep 29, 2024 901.96 Mn
Jun 30, 2024 1.01 Bn
Mar 31, 2024 1.44 Bn
Dec 31, 2023 1.15 Bn
Sep 24, 2023 1.03 Bn
Jun 25, 2023 889.88 Mn
Mar 26, 2023 855.35 Mn
Dec 25, 2022 791.47 Mn
Sep 25, 2022 808.16 Mn
Jun 26, 2022 802.78 Mn
Mar 27, 2022 696.06 Mn
Dec 26, 2021 717.86 Mn