First Watch Restaurant (FWRG) Revenue (2020 - 2026)
First Watch Restaurant (FWRG) recorded Revenue of $354.67 million in Q2 2026, up 15.2% from $307.89 million a year earlier and up 7.2% from the prior quarter.
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Analysis
First Watch Restaurant (FWRG) Revenue (2020 - 2026) Analysis & Trends
On a TTM basis, First Watch Restaurant's Revenue came in at $1.32 billion as of Jun 28, 2026, up 19.3% year-over-year; for FY2025, it came in at $1.22 billion, up 20.3% from FY2024.
- Annual Revenue has increased for five straight years, with a five-year compound annual growth rate of 29.0% (FY2020 to FY2025).
- Across earlier years, Revenue came in at $1.02 billion in FY2024 (+13.9%), $891.55 million in FY2023 (+22.1%), $730.16 million in FY2022 (+21.5%) and $601.19 million in FY2021 (+75.6%).
- The Q2 2026 figure is the highest quarterly Revenue in data going back to Q3 2020.
- On a year-over-year basis, Revenue has increased for 20 consecutive quarters, with growth averaging 17.0% over the last eight quarters.
- The year-over-year growth in Revenue has ranged between 7.6% (Q4 2024) and 57.8% (Q3 2021) over the last five years.
- Per Business Quant, the preceding three quarters came in at $330.96 million (Q1 2026), $316.35 million (Q4 2025) and $316.02 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Revenue (Qtr) |
|---|---|---|---|---|---|
| 1 | Mcdonalds | 163.51 Bn | 158.34 Bn | 6.42 Bn | 7.10 Bn |
| 2 | Starbucks | 107.11 Bn | 94.75 Bn | - | 9.32 Bn |
| 3 | Chipotle Mexican Grill | 40.42 Bn | 36.40 Bn | - | 3.35 Bn |
| 4 | Yum Brands | 37.23 Bn | 34.12 Bn | 1.47 Bn | 2.17 Bn |
| 5 | Restaurant Brands International | 24.82 Bn | 21.92 Bn | 1.38 Bn | 2.52 Bn |
| 6 | Darden Restaurants | 22.06 Bn | 21.17 Bn | -113.70 Mn | 3.72 Bn |
| 7 | Restaurant Brands International Limited Partnership | 17.01 Bn | 12.57 Bn | 1.38 Bn | 2.52 Bn |
| 8 | Yum China Holdings | 14.18 Bn | 8.54 Bn | 537.00 Mn | 3.14 Bn |
| 9 | Texas Roadhouse | 10.25 Bn | 9.62 Bn | - | 1.68 Bn |
| 10 | First Watch Restaurant | 627.62 Mn | 541.61 Mn | - | 354.67 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 28, 2026 | 354.67 Mn |
| Mar 29, 2026 | 330.96 Mn |
| Dec 28, 2025 | 316.35 Mn |
| Sep 28, 2025 | 316.02 Mn |
| Jun 29, 2025 | 307.89 Mn |
| Mar 30, 2025 | 282.24 Mn |
| Dec 29, 2024 | 263.29 Mn |
| Sep 29, 2024 | 251.61 Mn |
| Jun 30, 2024 | 258.56 Mn |
| Mar 31, 2024 | 242.45 Mn |
| Dec 31, 2023 | 244.63 Mn |
| Sep 24, 2023 | 219.21 Mn |
| Jun 25, 2023 | 216.30 Mn |
| Mar 26, 2023 | 211.41 Mn |
| Dec 25, 2022 | 185.75 Mn |
| Sep 25, 2022 | 186.85 Mn |
| Jun 26, 2022 | 184.45 Mn |
| Mar 27, 2022 | 173.11 Mn |
| Dec 26, 2021 | 162.62 Mn |
| Sep 26, 2021 | 157.44 Mn |
API Access
First Watch Restaurant Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=revenue&ticker=FWRG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "revenue", "ticker": "FWRG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=revenue&ticker=FWRG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();