First Watch Restaurant (FWRG) Net Income (2020 - 2026)
First Watch Restaurant (FWRG) posted Net Income of $2.34 million for Q2 2026, up 11.1% from $2.11 million a year earlier.
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Analysis
First Watch Restaurant (FWRG) Net Income (2020 - 2026) Analysis & Trends
For the trailing twelve months through Jun 28, 2026, Net Income at First Watch Restaurant was $17.81 million, up 335.6% year-over-year; for FY2025, it was $19.43 million, up 2.7% from FY2024.
- In prior years, First Watch Restaurant's Net Income was $18.93 million in FY2024 (-25.4%), $25.39 million in FY2023 (+267.5%), $6.91 million in FY2022 and -$2.11 million in FY2021.
- Quarterly Net Income has run from a low of -$4.65 million in Q4 2021 to a high of $15.16 million in Q4 2025 over five years.
- On a year-over-year basis, Net Income increased in two of the last five quarters, with an average decline of 31.7%.
- The strongest year-over-year quarter for Net Income in the past five years was Q2 2023, with growth of 194.0%; the weakest was Q3 2022, with a decline of 94.1%.
- According to Business Quant data, Net Income for the three prior quarters was -$2.69 million (Q1 2026), $15.16 million (Q4 2025) and $2.99 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Income (Qtr) |
|---|---|---|---|---|---|
| 1 | Mcdonalds | 163.51 Bn | 158.34 Bn | 6.42 Bn | 2.36 Bn |
| 2 | Starbucks | 107.11 Bn | 94.75 Bn | - | 1.04 Bn |
| 3 | Chipotle Mexican Grill | 40.42 Bn | 36.40 Bn | - | 403.55 Mn |
| 4 | Yum Brands | 37.23 Bn | 34.12 Bn | 1.47 Bn | 853.00 Mn |
| 5 | Restaurant Brands International | 24.82 Bn | 21.92 Bn | 1.38 Bn | 665.00 Mn |
| 6 | Darden Restaurants | 22.06 Bn | 21.17 Bn | -113.70 Mn | 404.90 Mn |
| 7 | Restaurant Brands International Limited Partnership | 17.01 Bn | 12.57 Bn | 1.38 Bn | 665.00 Mn |
| 8 | Yum China Holdings | 14.18 Bn | 8.54 Bn | 537.00 Mn | 264.00 Mn |
| 9 | Texas Roadhouse | 10.25 Bn | 9.62 Bn | - | 124.51 Mn |
| 10 | First Watch Restaurant | 627.62 Mn | 541.61 Mn | - | 2.34 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 28, 2026 | 2.34 Mn |
| Mar 29, 2026 | -2.69 Mn |
| Dec 28, 2025 | 15.16 Mn |
| Sep 28, 2025 | 2.99 Mn |
| Jun 29, 2025 | 2.11 Mn |
| Mar 30, 2025 | -829,000.00 |
| Dec 29, 2024 | 699,000.00 |
| Sep 29, 2024 | 2.11 Mn |
| Jun 30, 2024 | 8.90 Mn |
| Mar 31, 2024 | 7.21 Mn |
| Dec 31, 2023 | 2.65 Mn |
| Sep 24, 2023 | 5.42 Mn |
| Jun 25, 2023 | 7.96 Mn |
| Mar 26, 2023 | 9.36 Mn |
| Dec 25, 2022 | -486,000.00 |
| Sep 25, 2022 | 46,000.00 |
| Jun 26, 2022 | 2.71 Mn |
| Mar 27, 2022 | 4.64 Mn |
| Dec 26, 2021 | -4.65 Mn |
| Sep 26, 2021 | 783,000.00 |
API Access
First Watch Restaurant Net Income 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=net-income&ticker=FWRG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-income", "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=net-income&ticker=FWRG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();