First Watch Restaurant (FWRG) Free Cash Flow (2020 - 2026)

First Watch Restaurant's Free Cash Flow history runs 7 years deep, the most recent figure standing at $5.1 million for Q1 2026.

• In Q1 2026, Free Cash Flow rose 131.15% year-over-year to $5.1 million; the TTM figure through Mar 2026 stood at -$9.5 million (up 62.16% YoY), while the FY2025 annual figure was -$31.0 million, down 153.18% from the prior year.
• Free Cash Flow was $5.1 million for Q1 2026 at First Watch Restaurant, up from -$18.3 million in the prior quarter.
• In the past five years, Free Cash Flow ranged from a high of $20.4 million in Q1 2023 to a low of -$18.3 million in Q4 2025.
• Historically, Free Cash Flow has averaged -$1.5 million across 5 years, with a median of -$1.7 million in 2025.
• Biggest YoY gain for Free Cash Flow was 706.77% in 2023; the steepest drop was 778.32% in 2023.
• A 5-year view of Free Cash Flow shows it stood at -$941000.0 in 2022, then plunged by 778.32% to -$8.3 million in 2023, then tumbled by 114.39% to -$17.7 million in 2024, then slipped by 3.49% to -$18.3 million in 2025, then surged by 127.87% to $5.1 million in 2026.
• The last three Free Cash Flow figures came in at $5.1 million (Q1 2026), -$18.3 million (Q4 2025), and $5.5 million (Q3 2025), per Business Quant data.