First Watch Restaurant (FWRG) Non-Current Debt (2020 - 2026)
First Watch Restaurant's (FWRG) quarterly Non-Current Debt came in at $268.7 million in Q1 2026, up 40.32% year-on-year from $191.5 million in Q1 2025, and little changed quarter-over-quarter from $269.1 million in Q4 2025.
First Watch Restaurant (FWRG) Non-Current Debt (2020 - 2026) Analysis & Trends
First Watch Restaurant's Non-Current Debt history runs 7 years deep, the most recent figure standing at $268.7 million for Q1 2026.
- On a quarterly basis, Non-Current Debt rose 40.32% year-over-year to $268.7 million in Q1 2026; TTM through Mar 2026 was $268.7 million, a 40.32% increase from a year earlier, with the FY2025 full-year figure at $269.1 million, up 42.33% from the prior year.
- Non-Current Debt held at $268.7 million in Q1 2026 per FWRG's latest filing, from $269.1 million in the prior quarter.
- Across five years, Non-Current Debt topped out at $269.1 million in Q4 2025 and bottomed at $90.9 million in Q3 2023.
- The 5-year median for Non-Current Debt is $122.7 million (2024), against an average of $159.2 million.
- Across the five-year window, Non-Current Debt slumped 66.66% in 2022 and jumped 108.53% in 2024, its largest moves.
- Year by year, Non-Current Debt stood at $94.7 million in 2022, then grew by 26.51% to $119.8 million in 2023, then jumped by 57.84% to $189.0 million in 2024, then jumped by 42.33% to $269.1 million in 2025, then retreated by 0.12% to $268.7 million in 2026.
- Per Business Quant, the three latest FWRG Non-Current Debt figures stand at $268.7 million (Q1 2026), $269.1 million (Q4 2025), and $251.0 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Non-Current Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Starbucks | 117.61 Bn | 115.91 Bn | 6.32 Bn | 13.08 Bn |
| 2 | Chipotle Mexican Grill | 41.20 Bn | 40.33 Bn | 2.61 Bn | - |
| 3 | Yum Brands | 40.68 Bn | 39.99 Bn | 1.38 Bn | 10.21 Bn |
| 4 | Restaurant Brands International | 25.13 Bn | 25.66 Bn | 2.14 Bn | 13.23 Bn |
| 5 | Darden Restaurants | 22.23 Bn | 21.99 Bn | 3.68 Bn | 1.64 Bn |
| 6 | Yum China Holdings | 15.22 Bn | 14.47 Bn | 2.31 Bn | - |
| 7 | Texas Roadhouse | 12.56 Bn | 12.37 Bn | 1.40 Bn | 50.00 Mn |
| 8 | Dominos Pizza | 10.74 Bn | 10.60 Bn | 478.23 Mn | 4.88 Bn |
| 9 | Dutch Bros | 8.14 Bn | 8.10 Bn | 107.48 Mn | 201.49 Mn |
| 10 | First Watch Restaurant | 737.04 Mn | 713.47 Mn | 279.06 Mn | 268.74 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 29, 2026 | 268.74 Mn |
| Dec 28, 2025 | 269.07 Mn |
| Sep 28, 2025 | 250.99 Mn |
| Jun 29, 2025 | 250.01 Mn |
| Mar 30, 2025 | 191.52 Mn |
| Dec 29, 2024 | 189.04 Mn |
| Sep 29, 2024 | 189.65 Mn |
| Jun 30, 2024 | 192.07 Mn |
| Mar 31, 2024 | 122.71 Mn |
| Dec 31, 2023 | 119.77 Mn |
| Sep 24, 2023 | 90.95 Mn |
| Jun 25, 2023 | 92.17 Mn |
| Mar 26, 2023 | 93.41 Mn |
| Dec 25, 2022 | 94.67 Mn |
| Sep 25, 2022 | 95.91 Mn |
| Jun 26, 2022 | 97.18 Mn |
| Mar 27, 2022 | 98.45 Mn |
| Dec 26, 2021 | 99.75 Mn |
| Sep 26, 2021 | 287.66 Mn |
| Dec 27, 2020 | 286.40 Mn |