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| Date | Value |
|---|---|
| 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 |