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| Date | Value |
|---|---|
| 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 |