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

First Watch Restaurant's (FWRG) quarterly Interest Expenses came in at $17.6 million in Q1 2026, up 7.54% year-on-year from $16.4 million in Q1 2025, and down 7.43% quarter-over-quarter from $19.0 million in Q4 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 $17.6 million for Q1 2026.

  • On a quarterly basis, Interest Expenses rose 7.54% year-over-year to $17.6 million in Q1 2026; TTM through Mar 2026 was $57.8 million, a 106.33% increase from a year earlier, with the FY2025 full-year figure at $60.1 million, up 4.16% from the prior year.
  • Interest Expenses declined to $17.6 million in Q1 2026 per FWRG's latest filing, from $19.0 million in the prior quarter.
  • Across five years, Interest Expenses topped out at $341.0 million in Q2 2023 and bottomed at $1.1 million in Q2 2022.
  • The 5-year median for Interest Expenses is $14.1 million (2024), against an average of $34.6 million.
  • Across the five-year window, Interest Expenses surged 30186.23% in 2023 and sank 99.01% in 2024, its largest moves.
  • Year by year, Interest Expenses stood at $1.7 million in 2022, then soared by 2324.51% to $42.1 million in 2023, then sank by 88.52% to $4.8 million in 2024, then surged by 293.32% to $19.0 million in 2025, then retreated by 7.43% to $17.6 million in 2026.
  • Per Business Quant, the three latest FWRG Interest Expenses figures stand at $17.6 million (Q1 2026), $19.0 million (Q4 2025), and $21.5 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Interest Expense (Qtr)
1 Starbucks 117.61 Bn 115.91 Bn 6.32 Bn 10.99 Bn
2 Chipotle Mexican Grill 41.20 Bn 40.33 Bn 2.61 Bn 141.29 Mn
3 Yum Brands 40.68 Bn 39.99 Bn 1.38 Bn 107.00 Mn
4 Restaurant Brands International 25.13 Bn 25.66 Bn 2.14 Bn 137.00 Mn
5 Darden Restaurants 22.23 Bn 21.99 Bn 3.68 Bn -3.80 Mn
6 Yum China Holdings 15.22 Bn 14.47 Bn 2.31 Bn 324.00 Mn
7 Texas Roadhouse 12.56 Bn 12.37 Bn 1.40 Bn 414,000.00
8 Dominos Pizza 10.74 Bn 10.60 Bn 478.23 Mn 46.06 Mn
9 Dutch Bros 8.14 Bn 8.10 Bn 107.48 Mn 9.15 Mn
10 First Watch Restaurant 737.04 Mn 713.47 Mn 279.06 Mn 17.61 Mn

Historic Data

Download Data
DateValue
Mar 29, 2026 17.61 Mn
Mar 29, 2026 17.61 Mn
Dec 28, 2025 19.02 Mn
Dec 28, 2025 19.02 Mn
Sep 28, 2025 21.51 Mn
Sep 28, 2025 21.51 Mn
Jun 29, 2025 21.91 Mn
Jun 29, 2025 21.91 Mn
Mar 30, 2025 16.37 Mn
Mar 30, 2025 16.37 Mn
Dec 29, 2024 4.84 Mn
Dec 29, 2024 4.84 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 14.14 Mn
Mar 31, 2024 14.14 Mn
Dec 31, 2023 42.14 Mn
Dec 31, 2023 42.14 Mn