First Watch Restaurant (FWRG) Leases (2020 - 2026)
First Watch Restaurant's quarterly Leases came in at $631.5 million in Q1 2026, up 15.11% year-on-year from $548.5 million in Q1 2025, and up 2.75% quarter-over-quarter from $614.5 million in Q4 2025.
First Watch Restaurant has reported Leases for 7 years, with the latest figure at $631.5 million in Q1 2026.
- For the quarter ending Q1 2026, Leases rose 15.11% year-over-year to $631.5 million; the trailing twelve-month figure through Mar 2026 stood at $631.5 million (up 15.11% YoY), and the FY2025 full-year result was $614.5 million, up 16.46% from the prior year.
- Leases for Q1 2026 stood at $631.5 million, up from $614.5 million in the prior quarter.
- The five-year high for Leases was $631.5 million in Q1 2026, with the low at $919000.0 in Q2 2024.
- Average Leases over 5 years is $390.5 million, with a median of $420.0 million recorded in 2023.
- Year-over-year, Leases sank 99.75% in 2024 and surged 64694.78% in 2025.
- Tracing FWRG's Leases over 5 years: stood at $352.4 million in 2022, then advanced by 19.19% to $420.0 million in 2023, then climbed by 25.64% to $527.7 million in 2024, then rose by 16.46% to $614.5 million in 2025, then gained by 2.75% to $631.5 million in 2026.
- The last three Leases figures came in at $631.5 million (Q1 2026), $614.5 million (Q4 2025), and $609.8 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Leases (Qtr) |
|---|---|---|---|---|---|
| 1 | Starbucks | 110.27 Bn | 108.58 Bn | 9.40 Bn | 8.19 Bn |
| 2 | Yum Brands | 40.90 Bn | 40.21 Bn | 1.38 Bn | 1.23 Bn |
| 3 | Chipotle Mexican Grill | 39.62 Bn | 38.75 Bn | 2.61 Bn | 4.61 Bn |
| 4 | Restaurant Brands International | 25.25 Bn | 25.79 Bn | 2.14 Bn | 1.97 Bn |
| 5 | Darden Restaurants | 23.41 Bn | 23.17 Bn | 3.31 Bn | 1.39 Bn |
| 6 | Yum China Holdings | 15.07 Bn | 13.64 Bn | 3.24 Bn | 2.18 Bn |
| 7 | Texas Roadhouse | 11.59 Bn | 11.39 Bn | 1.40 Bn | 912.79 Mn |
| 8 | Dominos Pizza | 10.51 Bn | 10.27 Bn | 464.51 Mn | 202.80 Mn |
| 9 | Cava | 8.67 Bn | 8.28 Bn | 797.57 Mn | 389.42 Mn |
| 10 | First Watch Restaurant | 680.42 Mn | 656.85 Mn | 256.65 Mn | 631.46 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 29, 2026 | 631.46 Mn |
| Dec 28, 2025 | 614.55 Mn |
| Sep 28, 2025 | 609.82 Mn |
| Jun 29, 2025 | 595.46 Mn |
| Mar 30, 2025 | 548.55 Mn |
| Dec 29, 2024 | 527.67 Mn |
| Sep 29, 2024 | 507.63 Mn |
| Jun 30, 2024 | 919,000.00 |
| Mar 31, 2024 | 422.59 Mn |
| Dec 31, 2023 | 420.00 Mn |
| Sep 24, 2023 | 1.06 Mn |
| Jun 25, 2023 | 369.59 Mn |
| Mar 26, 2023 | 355.50 Mn |
| Dec 25, 2022 | 352.37 Mn |
| Sep 25, 2022 | 349.27 Mn |
| Jun 26, 2022 | 1.56 Mn |
| Mar 27, 2022 | 331.11 Mn |
| Dec 26, 2021 | 325.00 Mn |
| Sep 26, 2021 | 318.93 Mn |
| Dec 27, 2020 | 307.56 Mn |