Growth Metrics

First Watch Restaurant (FWRG) Gross Profit (2020 - 2025)

First Watch Restaurant (FWRG) has 5 years of Gross Profit data on record, last reported at $196.8 million in Q4 2025.

  • For Q4 2025, Gross Profit rose 95.04% year-over-year to $196.8 million; the TTM value through Dec 2025 reached $942.4 million, up 33.36%, while the annual FY2025 figure was $942.4 million, 18.87% up from the prior year.
  • Gross Profit reached $196.8 million in Q4 2025 per FWRG's latest filing, down from $246.3 million in the prior quarter.
  • Across five years, Gross Profit topped out at $288.8 million in Q4 2023 and bottomed at $100.9 million in Q4 2024.
  • Average Gross Profit over 5 years is $186.8 million, with a median of $184.1 million recorded in 2022.
  • Peak YoY movement for Gross Profit: crashed 65.06% in 2024, then skyrocketed 95.04% in 2025.
  • A 5-year view of Gross Profit shows it stood at $137.1 million in 2021, then soared by 85.99% to $255.0 million in 2022, then increased by 13.25% to $288.8 million in 2023, then plummeted by 65.06% to $100.9 million in 2024, then skyrocketed by 95.04% to $196.8 million in 2025.
  • Per Business Quant database, its latest 3 readings for Gross Profit were $196.8 million in Q4 2025, $246.3 million in Q3 2025, and $283.7 million in Q2 2025.