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 for Q1 2026 stood at $5.1 million, up from -$18.3 million in the prior quarter.
• The five-year high for Free Cash Flow was $58.8 million in Q4 2022, with the low at -$18.3 million in Q4 2025.
• The 5-year median for Free Cash Flow is -$1.7 million (2025), against an average of $2.0 million.
• The sharpest annual moves came in 2022 and 2025: Free Cash Flow jumped 462.28% in 2022, then plunged 355.47% in 2025.
• First Watch Restaurant's Free Cash Flow stood at $58.8 million in 2022, then slumped by 114.05% to -$8.3 million in 2023, then slumped by 114.39% to -$17.7 million in 2024, then decreased by 3.49% to -$18.3 million in 2025, then jumped by 127.87% to $5.1 million in 2026.
• Business Quant data shows FWRG's Free Cash Flow at $5.1 million in Q1 2026, -$18.3 million in Q4 2025, and $5.5 million in Q3 2025.