First Watch Restaurant FWRG
NASDAQ FWRG
$12.05 +0.35 (+2.99%)
As of: Sep 4, 2026 · 3:59 PM EDT

First Watch Restaurant (FWRG) Interest Expenses (2020 - 2026)

First Watch Restaurant (FWRG) posted quarterly Interest Expenses of $17.6 million for Q1 2026, up 7.54% year-over-year from $16.4 million in Q1 2025, and up 172.32% quarter-over-quarter from -$24.3 million in Q4 2025.

Analysis

First Watch Restaurant (FWRG) Interest Expenses (2020 - 2026) Analysis & Trends

First Watch Restaurant's Interest Expenses history runs 7 years deep, the most recent figure standing at $17.6 million for Q1 2026.

  • In Q1 2026, Interest Expenses rose 7.54% year-over-year to $17.6 million; the TTM figure through Mar 2026 stood at $18.7 million (down 42.1% YoY), while the FY2025 annual figure was $60.1 million, up 4.16% from the prior year.
  • Interest Expenses for Q1 2026 stood at $17.6 million, up from -$24.3 million in the prior quarter.
  • The five-year high for Interest Expenses was $341.0 million in Q2 2023, with the low at -$24.3 million in Q4 2025.
  • The 5-year median for Interest Expenses is $10.6 million (2022), against an average of $32.3 million.
  • The sharpest annual moves came in 2023 and 2025: Interest Expenses surged 30186.23% in 2023, then tumbled 369.99% in 2025.
  • First Watch Restaurant's Interest Expenses stood at $1.7 million in 2022, then surged by 2324.51% to $42.1 million in 2023, then slumped by 78.6% to $9.0 million in 2024, then plunged by 369.99% to -$24.3 million in 2025, then surged by 172.32% to $17.6 million in 2026.
  • Business Quant data shows FWRG's Interest Expenses at $17.6 million in Q1 2026, -$24.3 million in Q4 2025, and $21.5 million in Q3 2025.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Interest Expense (Qtr)
1 Mcdonalds 181.46 Bn 180.64 Bn 6.42 Bn 409.00 Mn
2 Starbucks 119.15 Bn 115.53 Bn 6.49 Bn 134.60 Mn
3 Chipotle Mexican Grill 47.22 Bn 46.55 Bn 2.35 Bn -
4 Yum Brands 41.34 Bn 40.66 Bn 1.47 Bn -
5 Restaurant Brands International 27.92 Bn 26.86 Bn 1.89 Bn -
6 Darden Restaurants 25.01 Bn 24.79 Bn 3.68 Bn -
7 Restaurant Brands International Limited Partnership 17.24 Bn 16.18 Bn 1.89 Bn 124.00 Mn
8 Yum China Holdings 15.19 Bn 13.80 Bn 2.22 Bn -
9 Texas Roadhouse 12.42 Bn 12.22 Bn 1.44 Bn -
10 First Watch Restaurant 743.74 Mn 723.25 Mn 272.08 Mn 4.89 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 28, 2026 4.89 Mn
Mar 29, 2026 4.78 Mn
Dec 28, 2025 4.80 Mn
Sep 28, 2025 4.57 Mn
Jun 29, 2025 4.00 Mn
Mar 30, 2025 3.33 Mn
Dec 29, 2024 3.22 Mn
Sep 29, 2024 3.44 Mn
Jun 30, 2024 3.38 Mn
Mar 31, 2024 2.60 Mn
Dec 31, 2023 2.27 Mn
Sep 24, 2023 1.85 Mn
Jun 25, 2023 2.04 Mn
Mar 26, 2023 1.91 Mn
Dec 25, 2022 1.74 Mn
Sep 25, 2022 1.36 Mn
Jun 26, 2022 1.13 Mn
Mar 27, 2022 1.01 Mn
Dec 26, 2021 1.44 Mn
Sep 26, 2021 6.05 Mn