Growth Metrics

First Watch Restaurant (FWRG) Revenue (2020 - 2025)

First Watch Restaurant (FWRG) has 6 years of Revenue data on record, last reported at $316.4 million in Q4 2025.

  • For Q4 2025, Revenue rose 20.15% year-over-year to $316.4 million; the TTM value through Dec 2025 reached $1.2 billion, up 20.34%, while the annual FY2025 figure was $1.2 billion, 20.34% up from the prior year.
  • Revenue reached $316.4 million in Q4 2025 per FWRG's latest filing, roughly flat from $316.0 million in the prior quarter.
  • Across five years, Revenue topped out at $316.4 million in Q4 2025 and bottomed at $127.2 million in Q1 2021.
  • Average Revenue over 5 years is $223.1 million, with a median of $217.8 million recorded in 2023.
  • Peak YoY movement for Revenue: skyrocketed 57.84% in 2021, then increased 7.63% in 2024.
  • A 5-year view of Revenue shows it stood at $162.6 million in 2021, then grew by 14.22% to $185.7 million in 2022, then surged by 31.7% to $244.6 million in 2023, then rose by 7.63% to $263.3 million in 2024, then grew by 20.15% to $316.4 million in 2025.
  • Per Business Quant database, its latest 3 readings for Revenue were $316.4 million in Q4 2025, $316.0 million in Q3 2025, and $307.9 million in Q2 2025.