Growth Metrics

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.
  • In the past 5 years, First Watch Restaurant's Operating Income registered a high of $16.4 million during Q2 2024, and its lowest value of -$1.1 million during Q4 2021.
  • In the last 5 years, First Watch Restaurant's Operating Income had a median value of $7.2 million in 2021 and averaged $7.3 million.
  • In the last 5 years, First Watch Restaurant's Operating Income soared by 36348.88% in 2023 and then crashed 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 skyrocketed by 238.61% to $1.5 million in 2022, then surged by 363.49% to $6.9 million in 2023, then tumbled by 43.68% to $3.9 million in 2024, then skyrocketed by 160.3% to $10.0 million in 2025.
  • Its Operating Income was $10.0 million in Q3 2025, compared to $7.3 million in Q2 2025 and $1.1 million in Q1 2025.