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

First Watch Restaurant has reported Operating Leases for 7 years, with the latest figure at $763.4 million in Q1 2026.

• For the quarter ending Q1 2026, Operating Leases rose 31.87% year-over-year to $763.4 million; the trailing twelve-month figure through Mar 2026 stood at $763.4 million (up 31.87% YoY), and the FY2025 full-year result was $651.3 million, up 17.22% from the prior year.
• Operating Leases for Q1 2026 stood at $763.4 million, up from $651.3 million in the prior quarter.
• The five-year high for Operating Leases was $763.4 million in Q1 2026, with the low at $370.7 million in Q1 2023.
• Average Operating Leases over 5 years is $515.2 million, with a median of $485.7 million recorded in 2024.
• Year-over-year, Operating Leases retreated 1.92% in 2023 and jumped 36.96% in 2025.
• Tracing FWRG's Operating Leases over 5 years: stood at $406.5 million in 2022, then advanced by 8.56% to $441.3 million in 2023, then advanced by 25.9% to $555.6 million in 2024, then rose by 17.22% to $651.3 million in 2025, then gained by 17.22% to $763.4 million in 2026.
• The last three Operating Leases figures came in at $763.4 million (Q1 2026), $651.3 million (Q4 2025), and $731.2 million (Q3 2025), per Business Quant data.

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