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

First Watch Restaurant (FWRG) recorded quarterly Interest Expenses of $4.8 million in Q1 2026, little changed quarter-over-quarter from $4.8 million in Q4 2025, and up 43.31% on a YoY basis from $3.3 million in Q1 2025.

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 $4.8 million for Q1 2026.

  • In Q1 2026, Interest Expenses rose 43.31% year-over-year to $4.8 million; the TTM figure through Mar 2026 stood at $18.1 million (up 35.65% YoY), while the FY2025 annual figure was $16.7 million, up 32.11% from the prior year.
  • Interest Expenses was $4.8 million for Q1 2026 at First Watch Restaurant, roughly flat from $4.8 million in the prior quarter.
  • In the past five years, Interest Expenses ranged from a high of $4.8 million in Q4 2025 to a low of $1.0 million in Q1 2022.
  • Historically, Interest Expenses has averaged $2.8 million across 5 years, with a median of $2.6 million in 2024.
  • The sharpest annual moves came in 2022 and 2023: Interest Expenses plunged 84.07% in 2022, then soared 89.56% in 2023.
  • A 5-year view of Interest Expenses shows it stood at $1.7 million in 2022, then surged by 30.67% to $2.3 million in 2023, then surged by 41.74% to $3.2 million in 2024, then soared by 48.96% to $4.8 million in 2025, then retreated by 0.35% to $4.8 million in 2026.
  • The last three Interest Expenses figures came in at $4.8 million (Q1 2026), $4.8 million (Q4 2025), and $4.6 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Int Expense (Qtr)
1 Starbucks 114.58 Bn 112.88 Bn 9.40 Bn 137.00 Mn
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 46.23 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 4.78 Mn

Historic Data

Download Data
DateValue
Mar 29, 2026 4.78 Mn
Mar 29, 2026 4.78 Mn
Dec 28, 2025 4.80 Mn
Dec 28, 2025 4.80 Mn
Sep 28, 2025 4.57 Mn
Sep 28, 2025 4.57 Mn
Jun 29, 2025 4.00 Mn
Jun 29, 2025 4.00 Mn
Mar 30, 2025 3.33 Mn
Mar 30, 2025 3.33 Mn
Dec 29, 2024 3.22 Mn
Dec 29, 2024 3.22 Mn
Sep 29, 2024 3.44 Mn
Sep 29, 2024 3.44 Mn
Jun 30, 2024 3.38 Mn
Jun 30, 2024 3.38 Mn
Mar 31, 2024 2.60 Mn
Mar 31, 2024 2.60 Mn
Dec 31, 2023 2.27 Mn
Dec 31, 2023 2.27 Mn