Growth Metrics

First Watch Restaurant (FWRG) Enterprise Value (2020 - 2025)

First Watch Restaurant has reported Enterprise Value over the past 6 years, most recently at -$21.2 million for Q4 2025.

  • Quarterly results put Enterprise Value at -$21.2 million for Q4 2025, up 36.26% from a year ago — trailing twelve months through Dec 2025 was -$21.2 million (up 36.26% YoY), and the annual figure for FY2025 was -$21.2 million, up 36.26%.
  • Enterprise Value for Q4 2025 was -$21.2 million at First Watch Restaurant, down from -$20.7 million in the prior quarter.
  • Over the last five years, Enterprise Value for FWRG hit a ceiling of -$18.6 million in Q1 2025 and a floor of -$67.1 million in Q2 2023.
  • Median Enterprise Value over the past 5 years was -$48.2 million (2022), compared with a mean of -$42.8 million.
  • Biggest five-year swings in Enterprise Value: plummeted 33.3% in 2021 and later skyrocketed 59.49% in 2025.
  • First Watch Restaurant's Enterprise Value stood at -$52.1 million in 2021, then grew by 4.21% to -$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 skyrocketed by 36.26% to -$21.2 million in 2025.
  • The last three reported values for Enterprise Value were -$21.2 million (Q4 2025), -$20.7 million (Q3 2025), and -$19.2 million (Q2 2025) per Business Quant data.