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.

• On a quarterly basis, Operating Expenses rose 17.37% year-over-year to $330.0 million in Q1 2026; TTM through Mar 2026 was $1.2 billion, a 21.0% increase from a year earlier, with the FY2025 full-year figure at $1.2 billion, up 22.31% from the prior year.
• Operating Expenses grew to $330.0 million in Q1 2026 per FWRG's latest filing, from $307.3 million in the prior quarter.
• Across five years, Operating Expenses topped out at $330.0 million in Q1 2026 and bottomed 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.
• Across the five-year window, Operating Expenses soared 34.08% in 2022 and grew 9.11% in 2024, its largest moves.
• Year by year, Operating Expenses stood at $184.3 million in 2022, then advanced by 29.04% to $237.8 million in 2023, then climbed by 9.11% to $259.4 million in 2024, then advanced by 18.46% to $307.3 million in 2025, then rose by 7.37% to $330.0 million in 2026.
• Per Business Quant, the three latest FWRG Operating Expenses figures stand at $330.0 million (Q1 2026), $307.3 million (Q4 2025), and $306.0 million (Q3 2025).