First Watch Restaurant (FWRG) Profit After Tax (2020 - 2026)

First Watch Restaurant (FWRG) recorded quarterly Profit After Tax of -$2.7 million in Q1 2026, down 117.71% quarter-over-quarter from $15.2 million in Q4 2025, and down 223.88% on a YoY basis from $2.2 million in Q1 2025.

First Watch Restaurant (FWRG) Profit After Tax (2020 - 2026) Analysis & Trends

First Watch Restaurant's Profit After Tax history runs 7 years deep, the most recent figure standing at -$2.7 million for Q1 2026.

  • In Q1 2026, Profit After Tax fell 223.88% year-over-year to -$2.7 million; the TTM figure through Mar 2026 stood at $17.6 million (up 61.51% YoY), while the FY2025 annual figure was $19.4 million, up 2.68% from the prior year.
  • Profit After Tax was -$2.7 million for Q1 2026 at First Watch Restaurant, down from $15.2 million in the prior quarter.
  • In the past five years, Profit After Tax ranged from a high of $15.2 million in Q4 2025 to a low of -$2.7 million in Q1 2026.
  • Historically, Profit After Tax has averaged $4.0 million across 5 years, with a median of $2.7 million in 2022.
  • The sharpest annual moves came in 2023 and 2026: Profit After Tax surged 11678.26% in 2023, then plunged 223.88% in 2026.
  • A 5-year view of Profit After Tax shows it stood at -$486000.0 in 2022, then soared by 644.86% to $2.6 million in 2023, then plunged by 73.6% to $699000.0 in 2024, then surged by 2069.38% to $15.2 million in 2025, then plunged by 117.71% to -$2.7 million in 2026.
  • The last three Profit After Tax figures came in at -$2.7 million (Q1 2026), $15.2 million (Q4 2025), and $3.0 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) PAT (Qtr)
1 Starbucks 114.58 Bn 112.88 Bn 9.40 Bn 510.80 Mn
2 Chipotle Mexican Grill 42.15 Bn 41.28 Bn 2.61 Bn 302.82 Mn
3 Yum Brands 42.13 Bn 41.44 Bn 1.38 Bn 432.00 Mn
4 Restaurant Brands International 25.46 Bn 25.99 Bn 2.14 Bn 445.00 Mn
5 Darden Restaurants 24.75 Bn 24.51 Bn 3.31 Bn 310.60 Mn
6 Yum China Holdings 15.17 Bn 13.74 Bn 3.24 Bn 331.00 Mn
7 Texas Roadhouse 11.72 Bn 11.53 Bn 1.40 Bn 126.00 Mn
8 Dominos Pizza 10.51 Bn 10.28 Bn 464.51 Mn 139.81 Mn
9 Cava 10.34 Bn 9.94 Bn 797.57 Mn 4.92 Mn
10 First Watch Restaurant 722.06 Mn 698.50 Mn 256.65 Mn -2.69 Mn

Historic Data

Download Data
DateValue
Mar 29, 2026 -2.69 Mn
Dec 28, 2025 15.16 Mn
Sep 28, 2025 2.99 Mn
Jun 29, 2025 2.11 Mn
Mar 30, 2025 -829,000.00
Dec 29, 2024 699,000.00
Sep 29, 2024 2.11 Mn
Jun 30, 2024 8.90 Mn
Mar 31, 2024 7.21 Mn
Dec 31, 2023 2.65 Mn
Sep 24, 2023 5.42 Mn
Jun 25, 2023 7.96 Mn
Mar 26, 2023 9.36 Mn
Dec 25, 2022 -486,000.00
Sep 25, 2022 46,000.00
Jun 26, 2022 2.71 Mn
Mar 27, 2022 4.64 Mn
Dec 26, 2021 -4.65 Mn
Sep 26, 2021 783,000.00
Jun 27, 2021 3.81 Mn