First Watch Restaurant (FWRG) Intangibles (2020 - 2026)
First Watch Restaurant (FWRG) posted Intangibles of $170.77 million for Q2 2026, down 4.7% from $179.13 million a year earlier and down 1.0% from the prior quarter.
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Analysis
First Watch Restaurant (FWRG) Intangibles (2020 - 2026) Analysis & Trends
At the end of FY2025, First Watch Restaurant's Intangibles came in at $174.91 million, up 4.4% from FY2024.
- Annual Intangibles has increased for four consecutive years, with a five-year compound annual growth rate of 4.0% (FY2020 to FY2025).
- In prior years, First Watch Restaurant's Intangibles was $167.6 million in FY2024 (+10.9%), $151.19 million in FY2023 (+5.6%), $143.15 million in FY2022 (+0.1%) and $143 million in FY2021 (-0.5%).
- The Q2 2026 figure stands as the lowest quarterly Intangibles since Q1 2025.
- On a year-over-year basis, Intangibles increased in seven of the last eight quarters, with growth averaging 5.8%.
- The strongest year-over-year quarter for Intangibles in the past five years was Q2 2024, with growth of 18.7%; the weakest was Q2 2026, with a decline of 4.7%.
- According to Business Quant data, Intangibles for the three prior quarters was $172.58 million (Q1 2026), $174.91 million (Q4 2025) and $177.24 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Intangibles (Qtr) |
|---|---|---|---|---|---|
| 1 | Mcdonalds | 163.51 Bn | 158.34 Bn | 6.42 Bn | - |
| 2 | Starbucks | 107.11 Bn | 94.75 Bn | - | 172.30 Mn |
| 3 | Chipotle Mexican Grill | 40.42 Bn | 36.40 Bn | - | - |
| 4 | Yum Brands | 37.23 Bn | 34.12 Bn | 1.47 Bn | 807.00 Mn |
| 5 | Restaurant Brands International | 24.82 Bn | 21.92 Bn | 1.38 Bn | 10.95 Bn |
| 6 | Darden Restaurants | 22.06 Bn | 21.17 Bn | -113.70 Mn | 1.35 Bn |
| 7 | Restaurant Brands International Limited Partnership | 17.01 Bn | 12.57 Bn | 1.38 Bn | 10.95 Bn |
| 8 | Yum China Holdings | 14.18 Bn | 8.54 Bn | 537.00 Mn | 151.00 Mn |
| 9 | Texas Roadhouse | 10.25 Bn | 9.62 Bn | - | 26.49 Mn |
| 10 | First Watch Restaurant | 627.62 Mn | 541.61 Mn | - | 170.77 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 28, 2026 | 170.77 Mn |
| Mar 29, 2026 | 172.58 Mn |
| Dec 28, 2025 | 174.91 Mn |
| Sep 28, 2025 | 177.24 Mn |
| Jun 29, 2025 | 179.13 Mn |
| Mar 30, 2025 | 165.97 Mn |
| Dec 29, 2024 | 167.60 Mn |
| Sep 29, 2024 | 169.33 Mn |
| Jun 30, 2024 | 171.03 Mn |
| Mar 31, 2024 | 151.06 Mn |
| Dec 31, 2023 | 151.19 Mn |
| Sep 24, 2023 | 150.28 Mn |
| Jun 25, 2023 | 144.08 Mn |
| Mar 26, 2023 | 143.03 Mn |
| Dec 25, 2022 | 143.15 Mn |
| Sep 25, 2022 | 142.99 Mn |
| Jun 26, 2022 | 142.89 Mn |
| Mar 27, 2022 | 142.86 Mn |
| Dec 26, 2021 | 143.00 Mn |
| Sep 26, 2021 | 143.24 Mn |
API Access
First Watch Restaurant Intangibles API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=intangibles&ticker=FWRG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "intangibles", "ticker": "FWRG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=intangibles&ticker=FWRG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();