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
DateValue
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