Growth Metrics

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

First Watch Restaurant has reported Operating Leases over the past 7 years, most recently at $763.4 million for Q1 2026.

  • For Q1 2026, Operating Leases rose 31.87% year-over-year to $763.4 million; the TTM value through Mar 2026 reached $763.4 million, up 31.87%, while the annual FY2025 figure was $651.3 million, 17.22% up from the prior year.
  • Operating Leases for Q1 2026 was $763.4 million at First Watch Restaurant, up from $651.3 million in the prior quarter.
  • Over five years, Operating Leases peaked at $763.4 million in Q1 2026 and troughed at $370.7 million in Q1 2023.
  • A 5-year average of $515.2 million and a median of $485.7 million in 2024 define the central range for Operating Leases.
  • Biggest five-year swings in Operating Leases: decreased 1.92% in 2023 and later surged 36.96% in 2025.
  • Year by year, Operating Leases stood at $406.5 million in 2022, then rose by 8.56% to $441.3 million in 2023, then rose by 25.9% to $555.6 million in 2024, then grew by 17.22% to $651.3 million in 2025, then increased by 17.22% to $763.4 million in 2026.
  • Business Quant data shows Operating Leases for FWRG at $763.4 million in Q1 2026, $651.3 million in Q4 2025, and $731.2 million in Q3 2025.