First Watch Restaurant (FWRG) Retained Earnings (2020 - 2026)

First Watch Restaurant's (FWRG) quarterly Retained Earnings came in at -$37.1 million in Q1 2026, down 3258.24% year-on-year from $1.2 million in Q1 2025, and down 7.81% quarter-over-quarter from -$34.4 million in Q4 2025.

First Watch Restaurant (FWRG) Retained Earnings (2020 - 2026) Analysis & Trends

First Watch Restaurant's Retained Earnings history runs 7 years deep, the most recent figure standing at -$37.1 million for Q1 2026.

  • On a quarterly basis, Retained Earnings fell 3258.24% year-over-year to -$37.1 million in Q1 2026; TTM through Mar 2026 was -$37.1 million, a 3258.24% decrease from a year earlier, with the FY2025 full-year figure at -$34.4 million, down 7698.19% from the prior year.
  • Retained Earnings retreated to -$37.1 million in Q1 2026 per FWRG's latest filing, from -$34.4 million in the prior quarter.
  • Across five years, Retained Earnings topped out at $657.4 million in Q3 2025 and bottomed at -$100.4 million in Q1 2022.
  • The 5-year median for Retained Earnings is -$1.1 million (2025), against an average of $232.6 million.
  • Biggest YoY gain for Retained Earnings was 26564.86% in 2025; the steepest drop was 7698.19% in 2025.
  • Year by year, Retained Earnings stood at $620.7 million in 2022, then grew by 2.16% to $634.1 million in 2023, then slumped by 100.07% to -$441000.0 in 2024, then sank by 7698.19% to -$34.4 million in 2025, then fell by 7.81% to -$37.1 million in 2026.
  • Per Business Quant, the three latest FWRG Retained Earnings figures stand at -$37.1 million (Q1 2026), -$34.4 million (Q4 2025), and $657.4 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Retained Earnings (Qtr)
1 Starbucks 117.61 Bn 115.91 Bn 6.32 Bn -8.88 Bn
2 Chipotle Mexican Grill 41.20 Bn 40.33 Bn 2.61 Bn -8.01 Mn
3 Yum Brands 40.68 Bn 39.99 Bn 1.38 Bn -6.97 Bn
4 Restaurant Brands International 25.13 Bn 25.66 Bn 2.14 Bn 1.90 Bn
5 Darden Restaurants 22.23 Bn 21.99 Bn 3.68 Bn -108.40 Mn
6 Yum China Holdings 15.22 Bn 14.47 Bn 2.31 Bn 1.79 Bn
7 Texas Roadhouse 12.56 Bn 12.37 Bn 1.40 Bn -54,000.00
8 Dominos Pizza 10.74 Bn 10.60 Bn 478.23 Mn -6.06 Mn
9 Dutch Bros 8.14 Bn 8.10 Bn 107.48 Mn 115.61 Mn
10 First Watch Restaurant 737.04 Mn 713.47 Mn 279.06 Mn -37.08 Mn

Historic Data

Download Data
DateValue
Mar 29, 2026 -37.08 Mn
Dec 28, 2025 -34.39 Mn
Sep 28, 2025 657.39 Mn
Jun 29, 2025 654.45 Mn
Mar 30, 2025 -1.10 Mn
Dec 29, 2024 -441,000.00
Sep 29, 2024 -2.48 Mn
Jun 30, 2024 -56.63 Mn
Mar 31, 2024 -65.53 Mn
Dec 31, 2023 634.10 Mn
Sep 24, 2023 631.06 Mn
Jun 25, 2023 626.22 Mn
Mar 26, 2023 -88.77 Mn
Dec 25, 2022 620.68 Mn
Sep 25, 2022 -97.65 Mn
Jun 26, 2022 614.22 Mn
Mar 27, 2022 -100.40 Mn
Dec 26, 2021 -105.04 Mn
Sep 26, 2021 -100.39 Mn
Dec 27, 2020 -102.93 Mn