First Watch Restaurant (FWRG) Operating Expenses (2020 - 2026)

First Watch Restaurant's Operating Expenses history runs 7 years deep, the most recent figure standing at $330.0 million for Q1 2026.

• In Q1 2026, Operating Expenses rose 17.37% year-over-year to $330.0 million; the TTM figure through Mar 2026 stood at $1.2 billion (up 21.0% YoY), while the FY2025 annual figure was $1.2 billion, up 22.31% from the prior year.
• Operating Expenses for Q1 2026 stood at $330.0 million, up from $307.3 million in the prior quarter.
• The five-year high for Operating Expenses was $330.0 million in Q1 2026, with the low at $165.4 million in Q1 2022.
• The 5-year median for Operating Expenses is $237.8 million (2023), against an average of $239.1 million.
• The sharpest annual moves came in 2022 and 2024: Operating Expenses soared 34.08% in 2022, then gained 9.11% in 2024.
• First Watch Restaurant's Operating Expenses stood at $184.3 million in 2022, then gained by 29.04% to $237.8 million in 2023, then advanced by 9.11% to $259.4 million in 2024, then gained by 18.46% to $307.3 million in 2025, then increased by 7.37% to $330.0 million in 2026.
• Business Quant data shows FWRG's Operating Expenses at $330.0 million in Q1 2026, $307.3 million in Q4 2025, and $306.0 million in Q3 2025.