First Watch Restaurant (FWRG) Enterprise Value (2020 - 2026)

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 was -$23.6 million for Q1 2026 at First Watch Restaurant, down from -$21.2 million in the prior quarter.
• In the past five years, Enterprise Value ranged from a high of -$18.6 million in Q1 2025 to a low of -$67.5 million in Q2 2023.
• Historically, Enterprise Value has averaged -$40.6 million across 5 years, with a median of -$45.4 million in 2024.
• The sharpest annual moves came in 2025 and 2026: Enterprise Value surged 59.49% in 2025, then fell 26.65% in 2026.
• A 5-year view of Enterprise Value shows it stood at -$49.9 million in 2022, then retreated by 0.08% to -$50.0 million in 2023, then jumped by 33.28% 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.
• 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.