First Watch Restaurant (FWRG) Interest Expenses (2020 - 2026)
First Watch Restaurant's Interest Expenses was $4.89 million in Q2 2026, up 22.2% from $4 million a year earlier and up 2.4% from the prior quarter.
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Analysis
First Watch Restaurant (FWRG) Interest Expenses (2020 - 2026) Analysis & Trends
On a trailing twelve-month basis, First Watch Restaurant's Interest Expenses was $19.03 million through Jun 28, 2026, up 36.0% year-over-year; for FY2025, it was $16.7 million, up 32.1% from FY2024.
- Interest Expenses has now increased for three consecutive years, though with a five-year compound annual growth rate of -6.1% (FY2020 to FY2025).
- In earlier years, Interest Expenses was $12.64 million in FY2024 (+56.8%), $8.06 million in FY2023 (+54.1%), $5.23 million in FY2022 (-74.0%) and $20.1 million in FY2021 (-11.9%).
- The Q2 2026 figure marks the highest quarterly Interest Expenses since Q3 2021.
- Compared with a year earlier, Interest Expenses has increased for 15 straight quarters, with growth averaging 40.2% over the last eight quarters.
- The best year-over-year quarter for Interest Expenses over five years was Q1 2023 (growth of 89.6%); the worst was Q1 2022 (a decline of 84.1%).
- Per Business Quant data, FWRG's Interest Expenses in the three quarters before Q2 2026 was $4.78 million (Q1 2026), $4.8 million (Q4 2025) and $4.57 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Int Expense (Qtr) |
|---|---|---|---|---|---|
| 1 | Mcdonalds | 163.51 Bn | 158.34 Bn | 6.42 Bn | 409.00 Mn |
| 2 | Starbucks | 107.11 Bn | 94.75 Bn | - | 134.60 Mn |
| 3 | Chipotle Mexican Grill | 40.42 Bn | 36.40 Bn | - | - |
| 4 | Yum Brands | 37.23 Bn | 34.12 Bn | 1.47 Bn | - |
| 5 | Restaurant Brands International | 24.82 Bn | 21.92 Bn | 1.38 Bn | - |
| 6 | Darden Restaurants | 22.06 Bn | 21.17 Bn | -113.70 Mn | - |
| 7 | Restaurant Brands International Limited Partnership | 17.01 Bn | 12.57 Bn | 1.38 Bn | 124.00 Mn |
| 8 | Yum China Holdings | 14.18 Bn | 8.54 Bn | 537.00 Mn | - |
| 9 | Texas Roadhouse | 10.25 Bn | 9.62 Bn | - | - |
| 10 | First Watch Restaurant | 627.62 Mn | 541.61 Mn | - | 4.89 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |
API Access
First Watch Restaurant Interest Expenses 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=interest-expenses&ticker=FWRG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-expenses", "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=interest-expenses&ticker=FWRG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();