First Watch Restaurant (FWRG) Enterprise Value (2020 - 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.
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.
- 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Enterprise Value (Qtr) |
|---|---|---|---|---|---|
| 1 | Mcdonalds | 193.05 Bn | 192.23 Bn | 6.42 Bn | -822.00 Mn |
| 2 | Starbucks | 122.77 Bn | 119.16 Bn | 6.49 Bn | -3.60 Bn |
| 3 | Chipotle Mexican Grill | 42.40 Bn | 41.73 Bn | 2.35 Bn | -677.86 Mn |
| 4 | Yum Brands | 40.42 Bn | 39.75 Bn | 1.47 Bn | -674.00 Mn |
| 5 | Restaurant Brands International | 27.11 Bn | 27.59 Bn | 1.89 Bn | 482.00 Mn |
| 6 | Darden Restaurants | 25.70 Bn | 25.48 Bn | 3.68 Bn | -219.50 Mn |
| 7 | Restaurant Brands International Limited Partnership | 17.24 Bn | 16.18 Bn | 1.89 Bn | -1.06 Bn |
| 8 | Yum China Holdings | 16.42 Bn | 15.74 Bn | 2.22 Bn | -682.00 Mn |
| 9 | Texas Roadhouse | 13.58 Bn | 13.40 Bn | 1.44 Bn | -181.19 Mn |
| 10 | First Watch Restaurant | 784.98 Mn | 764.50 Mn | 272.08 Mn | -20.49 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 28, 2026 | -20.49 Mn |
| 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 |