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
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 |