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First Watch Restaurant (FWRG) Operating Income (2020 - 2025)

Historic Operating Income for First Watch Restaurant (FWRG) over the last 6 years, with Q3 2025 value amounting to $10.0 million.

  • First Watch Restaurant's Operating Income rose 5919.53% to $10.0 million in Q3 2025 from the same period last year, while for Sep 2025 it was $22.3 million, marking a year-over-year decrease of 4669.1%. This contributed to the annual value of $38.9 million for FY2024, which is 571.89% down from last year.
  • Latest data reveals that First Watch Restaurant reported Operating Income of $10.0 million as of Q3 2025, which was up 5919.53% from $7.3 million recorded in Q2 2025.
  • Over the past 5 years, First Watch Restaurant's Operating Income peaked at $16.4 million during Q2 2024, and registered a low of -$1.1 million during Q4 2021.
  • Over the past 5 years, First Watch Restaurant's median Operating Income value was $7.2 million (recorded in 2021), while the average stood at $7.3 million.
  • Per our database at Business Quant, First Watch Restaurant's Operating Income surged by 36348.88% in 2023 and then tumbled by 9094.09% in 2025.
  • Quarter analysis of 5 years shows First Watch Restaurant's Operating Income stood at -$1.1 million in 2021, then soared by 238.61% to $1.5 million in 2022, then skyrocketed by 363.49% to $6.9 million in 2023, then plummeted by 43.68% to $3.9 million in 2024, then soared by 160.3% to $10.0 million in 2025.
  • Its Operating Income stands at $10.0 million for Q3 2025, versus $7.3 million for Q2 2025 and $1.1 million for Q1 2025.