First Watch Restaurant (FWRG) Share-based Compensation (2020 - 2026)
First Watch Restaurant's (FWRG) quarterly Share-based Compensation came in at $3.4 million in Q1 2026, down 87.5% year-on-year from $26.8 million in Q1 2025, and down 96.87% quarter-over-quarter from $107.0 million in Q4 2025.
First Watch Restaurant (FWRG) Share-based Compensation (2020 - 2026) Analysis & Trends
First Watch Restaurant's Share-based Compensation history runs 7 years deep, the most recent figure standing at $3.4 million for Q1 2026.
- On a quarterly basis, Share-based Compensation fell 87.5% year-over-year to $3.4 million in Q1 2026; TTM through Mar 2026 was $91.4 million, a 40.65% decrease from a year earlier, with the FY2025 full-year figure at $114.9 million, down 11.0% from the prior year.
- Share-based Compensation fell to $3.4 million in Q1 2026 per FWRG's latest filing, from $107.0 million in the prior quarter.
- Across five years, Share-based Compensation topped out at $107.0 million in Q4 2025 and bottomed at -$57.1 million in Q4 2023.
- The 5-year median for Share-based Compensation is $16.9 million (2022), against an average of $17.7 million.
- Across the five-year window, Share-based Compensation jumped 8929.95% in 2022 and slumped 249.53% in 2023, its largest moves.
- Year by year, Share-based Compensation stood at $38.2 million in 2022, then slumped by 249.53% to -$57.1 million in 2023, then soared by 143.24% to $24.7 million in 2024, then surged by 333.6% to $107.0 million in 2025, then slumped by 96.87% to $3.4 million in 2026.
- Per Business Quant, the three latest FWRG Share-based Compensation figures stand at $3.4 million (Q1 2026), $107.0 million (Q4 2025), and $2.9 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Share-based Compensation (Qtr) |
|---|---|---|---|---|---|
| 1 | Starbucks | 117.61 Bn | 115.91 Bn | 6.32 Bn | -65.90 Mn |
| 2 | Chipotle Mexican Grill | 41.20 Bn | 40.33 Bn | 2.61 Bn | 48.00 Mn |
| 3 | Yum Brands | 40.68 Bn | 39.99 Bn | 1.38 Bn | 24.00 Mn |
| 4 | Restaurant Brands International | 25.13 Bn | 25.66 Bn | 2.14 Bn | 35.00 Mn |
| 5 | Darden Restaurants | 22.23 Bn | 21.99 Bn | 3.68 Bn | 12.60 Mn |
| 6 | Yum China Holdings | 15.22 Bn | 14.47 Bn | 2.31 Bn | 10.00 Mn |
| 7 | Texas Roadhouse | 12.56 Bn | 12.37 Bn | 1.40 Bn | 13.46 Mn |
| 8 | Dominos Pizza | 10.74 Bn | 10.60 Bn | 478.23 Mn | 8.25 Mn |
| 9 | Dutch Bros | 8.14 Bn | 8.10 Bn | 107.48 Mn | 5.28 Mn |
| 10 | First Watch Restaurant | 737.04 Mn | 713.47 Mn | 279.06 Mn | 3.35 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 29, 2026 | 3.35 Mn |
| Mar 29, 2026 | 3.35 Mn |
| Dec 28, 2025 | 106.98 Mn |
| Dec 28, 2025 | 106.98 Mn |
| Sep 28, 2025 | 2.88 Mn |
| Sep 28, 2025 | 2.88 Mn |
| Jun 29, 2025 | -21.77 Mn |
| Jun 29, 2025 | -21.77 Mn |
| Mar 30, 2025 | 26.82 Mn |
| Mar 30, 2025 | 26.82 Mn |
| Dec 29, 2024 | 24.67 Mn |
| Dec 29, 2024 | 24.67 Mn |
| Sep 29, 2024 | 30.86 Mn |
| Sep 29, 2024 | 30.86 Mn |
| Jun 30, 2024 | 71.70 Mn |
| Jun 30, 2024 | 71.70 Mn |
| Mar 31, 2024 | 1.87 Mn |
| Mar 31, 2024 | 1.87 Mn |
| Dec 31, 2023 | -57.06 Mn |
| Dec 31, 2023 | -57.06 Mn |