First Watch Restaurant (FWRG) Invested Capital (2020 - 2026)

First Watch Restaurant's Invested Capital history runs 7 years deep, the most recent figure standing at $282.1 million for Q1 2026.

• On a quarterly basis, Invested Capital rose 39.78% year-over-year to $282.1 million in Q1 2026; TTM through Mar 2026 was $1.1 billion, a 36.94% increase from a year earlier, with the FY2025 full-year figure at $282.4 million, up 42.42% from the prior year.
• Invested Capital was little changed at $282.1 million in Q1 2026 per FWRG's latest filing, from $282.4 million in the prior quarter.
• Across five years, Invested Capital topped out at $282.4 million in Q4 2025 and bottomed at $3.8 million in Q1 2022.
• The 5-year median for Invested Capital is $125.7 million (2024), against an average of $149.9 million.
• Across the five-year window, Invested Capital plunged 98.07% in 2022 and surged 2517.95% in 2023, its largest moves.
• Year by year, Invested Capital stood at $100.9 million in 2022, then increased by 24.25% to $125.4 million in 2023, then jumped by 58.12% to $198.3 million in 2024, then soared by 42.42% to $282.4 million in 2025, then slipped by 0.1% to $282.1 million in 2026.
• Per Business Quant, the three latest FWRG Invested Capital figures stand at $282.1 million (Q1 2026), $282.4 million (Q4 2025), and $264.1 million (Q3 2025).