First Watch Restaurant (FWRG) Gross Profit (2020 - 2026)

First Watch Restaurant (FWRG) recorded quarterly Gross Profit of $256.6 million in Q1 2026, down 39.46% quarter-over-quarter from $423.9 million in Q4 2025, and up 7.84% on a YoY basis from $238.0 million in Q1 2025.

First Watch Restaurant (FWRG) Gross Profit (2020 - 2026) Analysis & Trends

First Watch Restaurant's Gross Profit history runs 7 years deep, the most recent figure standing at $256.6 million for Q1 2026.

  • In Q1 2026, Gross Profit rose 7.84% year-over-year to $256.6 million; the TTM figure through Mar 2026 stood at $1.2 billion (up 32.5% YoY), while the FY2025 annual figure was $1.1 billion, up 41.49% from the prior year.
  • Gross Profit was $256.6 million for Q1 2026 at First Watch Restaurant, down from $423.9 million in the prior quarter.
  • In the past five years, Gross Profit ranged from a high of $423.9 million in Q4 2025 to a low of $133.7 million in Q1 2022.
  • Historically, Gross Profit has averaged $221.9 million across 5 years, with a median of $207.7 million in 2023.
  • The sharpest annual moves came in 2024 and 2025: Gross Profit slipped 1.77% in 2024, then soared 107.76% in 2025.
  • A 5-year view of Gross Profit shows it stood at $200.5 million in 2022, then climbed by 3.62% to $207.7 million in 2023, then slipped by 1.77% to $204.0 million in 2024, then jumped by 107.76% to $423.9 million in 2025, then tumbled by 39.46% to $256.6 million in 2026.
  • The last three Gross Profit figures came in at $256.6 million (Q1 2026), $423.9 million (Q4 2025), and $290.1 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Starbucks 114.58 Bn 112.88 Bn 9.40 Bn
2 Chipotle Mexican Grill 42.15 Bn 41.28 Bn 2.61 Bn
3 Yum Brands 42.13 Bn 41.44 Bn 1.38 Bn
4 Restaurant Brands International 25.46 Bn 25.99 Bn 2.14 Bn
5 Darden Restaurants 24.75 Bn 24.51 Bn 3.31 Bn
6 Yum China Holdings 15.17 Bn 13.74 Bn 3.24 Bn
7 Texas Roadhouse 11.72 Bn 11.53 Bn 1.40 Bn
8 Dominos Pizza 10.51 Bn 10.28 Bn 464.51 Mn
9 Cava 10.34 Bn 9.94 Bn 797.57 Mn
10 First Watch Restaurant 722.06 Mn 698.50 Mn 256.65 Mn

Historic Data

Download Data
DateValue
Mar 29, 2026 256.65 Mn
Mar 29, 2026 256.65 Mn
Dec 28, 2025 423.92 Mn
Dec 28, 2025 423.92 Mn
Sep 28, 2025 290.13 Mn
Sep 28, 2025 290.13 Mn
Jun 29, 2025 235.91 Mn
Jun 29, 2025 235.91 Mn
Mar 30, 2025 237.98 Mn
Mar 30, 2025 237.98 Mn
Dec 29, 2024 204.05 Mn
Dec 29, 2024 204.05 Mn
Sep 29, 2024 230.53 Mn
Sep 29, 2024 230.53 Mn
Jun 30, 2024 238.07 Mn
Jun 30, 2024 238.07 Mn
Mar 31, 2024 223.28 Mn
Mar 31, 2024 223.28 Mn
Dec 31, 2023 207.73 Mn
Dec 31, 2023 207.73 Mn