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

First Watch Restaurant's Operating Leases history runs 7 years deep, the most recent figure standing at $763.4 million for Q1 2026.

• In Q1 2026, Operating Leases rose 31.87% year-over-year to $763.4 million; the TTM figure through Mar 2026 stood at $763.4 million (up 31.87% YoY), while the FY2025 annual figure was $739.2 million, up 20.38% from the prior year.
• Operating Leases for Q1 2026 stood at $763.4 million, up from $739.2 million in the prior quarter.
• The five-year high for Operating Leases was $763.4 million in Q1 2026, with the low at $366.1 million in Q4 2022.
• The 5-year median for Operating Leases is $485.7 million (2024), against an average of $526.8 million.
• The sharpest annual moves came in 2023 and 2024: Operating Leases grew 8.79% in 2023, then soared 39.15% in 2024.
• First Watch Restaurant's Operating Leases stood at $366.1 million in 2022, then grew by 20.53% to $441.3 million in 2023, then surged by 39.15% to $614.0 million in 2024, then increased by 20.38% to $739.2 million in 2025, then advanced by 3.28% to $763.4 million in 2026.
• Business Quant data shows FWRG's Operating Leases at $763.4 million in Q1 2026, $739.2 million in Q4 2025, and $731.2 million in Q3 2025.