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.

• In Q1 2026, Invested Capital rose 39.78% year-over-year to $282.1 million; the TTM figure through Mar 2026 stood at $1.1 billion (up 36.94% YoY), while the FY2025 annual figure was $282.4 million, up 42.42% from the prior year.
• Invested Capital for Q1 2026 stood at $282.1 million, roughly flat from $282.4 million in the prior quarter.
• The five-year high for Invested Capital was $282.4 million in Q4 2025, with the low 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.
• The sharpest annual moves came in 2022 and 2023: Invested Capital tumbled 98.07% in 2022, then surged 2517.95% in 2023.
• First Watch Restaurant's Invested Capital stood at $100.9 million in 2022, then grew by 24.25% to $125.4 million in 2023, then soared by 58.12% to $198.3 million in 2024, then surged by 42.42% to $282.4 million in 2025, then decreased by 0.1% to $282.1 million in 2026.
• Business Quant data shows FWRG's Invested Capital at $282.1 million in Q1 2026, $282.4 million in Q4 2025, and $264.1 million in Q3 2025.