First Watch Restaurant (FWRG) Net Income (2020 - 2026)

First Watch Restaurant's (FWRG) quarterly Net Income came in at -$2.7 million in Q1 2026, down 223.88% year-on-year from $2.2 million in Q1 2025, and down 133.23% quarter-over-quarter from $8.1 million in Q4 2025.

First Watch Restaurant (FWRG) Net Income (2020 - 2026) Analysis & Trends

First Watch Restaurant's Net Income history runs 7 years deep, the most recent figure standing at -$2.7 million for Q1 2026.

  • On a quarterly basis, Net Income fell 223.88% year-over-year to -$2.7 million in Q1 2026; TTM through Mar 2026 was $10.5 million, a 3.58% decrease from a year earlier, with the FY2025 full-year figure at $12.3 million, down 34.75% from the prior year.
  • Net Income fell to -$2.7 million in Q1 2026 per FWRG's latest filing, from $8.1 million in the prior quarter.
  • Across five years, Net Income topped out at $9.4 million in Q1 2023 and bottomed at -$2.7 million in Q1 2026.
  • The 5-year median for Net Income is $3.0 million (2025), against an average of $3.9 million.
  • Across the five-year window, Net Income jumped 11678.26% in 2023 and plunged 223.88% in 2026, its largest moves.
  • Year by year, Net Income stood at $5.2 million in 2022, then sank by 49.06% to $2.6 million in 2023, then slumped by 73.6% to $699000.0 in 2024, then surged by 1055.94% to $8.1 million in 2025, then plunged by 133.23% to -$2.7 million in 2026.
  • Per Business Quant, the three latest FWRG Net Income figures stand at -$2.7 million (Q1 2026), $8.1 million (Q4 2025), and $3.0 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Income (Qtr)
1 Starbucks 117.61 Bn 115.91 Bn 6.32 Bn 510.80 Mn
2 Chipotle Mexican Grill 41.20 Bn 40.33 Bn 2.61 Bn 302.82 Mn
3 Yum Brands 40.68 Bn 39.99 Bn 1.38 Bn 432.00 Mn
4 Restaurant Brands International 25.13 Bn 25.66 Bn 2.14 Bn -
5 Darden Restaurants 22.23 Bn 21.99 Bn 3.68 Bn -2.90 Mn
6 Yum China Holdings 15.22 Bn 14.47 Bn 2.31 Bn 329.00 Mn
7 Texas Roadhouse 12.56 Bn 12.37 Bn 1.40 Bn 126.00 Mn
8 Dominos Pizza 10.74 Bn 10.60 Bn 478.23 Mn 135.75 Mn
9 Dutch Bros 8.14 Bn 8.10 Bn 107.48 Mn 23.66 Mn
10 First Watch Restaurant 737.04 Mn 713.47 Mn 279.06 Mn -2.69 Mn

Historic Data

Download Data
DateValue
Mar 29, 2026 -2.69 Mn
Dec 28, 2025 8.08 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 5.20 Mn
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
Jun 27, 2021 3.81 Mn