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

First Watch Restaurant has reported Operating Leases over the past 6 years, most recently at $739.2 million for Q4 2025.

  • Quarterly results put Operating Leases at $739.2 million for Q4 2025, up 20.38% from a year ago — trailing twelve months through Dec 2025 was $739.2 million (up 20.38% YoY), and the annual figure for FY2025 was $739.2 million, up 20.38%.
  • Operating Leases for Q4 2025 was $739.2 million at First Watch Restaurant, up from $731.2 million in the prior quarter.
  • Over the last five years, Operating Leases for FWRG hit a ceiling of $739.2 million in Q4 2025 and a floor of $322.5 million in Q3 2021.
  • Median Operating Leases over the past 5 years was $455.1 million (2023), compared with a mean of $482.0 million.
  • Biggest five-year swings in Operating Leases: fell 5.63% in 2021 and later surged 38.27% in 2024.
  • First Watch Restaurant's Operating Leases stood at $330.5 million in 2021, then increased by 10.78% to $366.1 million in 2022, then soared by 31.83% to $482.6 million in 2023, then increased by 27.22% to $614.0 million in 2024, then grew by 20.38% to $739.2 million in 2025.
  • The last three reported values for Operating Leases were $739.2 million (Q4 2025), $731.2 million (Q3 2025), and $629.3 million (Q2 2025) per Business Quant data.