First Watch Restaurant (FWRG) Shares Outstanding (Diluted Average) (2020 - 2026)

First Watch Restaurant (FWRG) recorded quarterly Shares Outstanding (Diluted Average) of $61.2 million in Q1 2026, down 2.54% quarter-over-quarter from $62.8 million in Q4 2025, and up 0.78% on a YoY basis from $60.8 million in Q1 2025.

First Watch Restaurant (FWRG) Shares Outstanding (Diluted Average) (2020 - 2026) Analysis & Trends

First Watch Restaurant's Shares Outstanding (Diluted Average) history runs 7 years deep, the most recent figure standing at $61.2 million for Q1 2026.

  • In Q1 2026, Shares Outstanding (Diluted Average) rose 0.78% year-over-year to $61.2 million; the TTM figure through Mar 2026 stood at $61.2 million (up 0.78% YoY), while the FY2025 annual figure was $62.8 million, up 0.79% from the prior year.
  • Shares Outstanding (Diluted Average) was $61.2 million for Q1 2026 at First Watch Restaurant, down from $62.8 million in the prior quarter.
  • In the past five years, Shares Outstanding (Diluted Average) ranged from a high of $62.8 million in Q4 2025 to a low of $59.9 million in Q2 2022.
  • Historically, Shares Outstanding (Diluted Average) has averaged $61.4 million across 5 years, with a median of $61.2 million in 2026.
  • The sharpest annual moves came in 2022 and 2025: Shares Outstanding (Diluted Average) soared 33.26% in 2022, then retreated 2.74% in 2025.
  • A 5-year view of Shares Outstanding (Diluted Average) shows it stood at $60.1 million in 2022, then increased by 1.75% to $61.2 million in 2023, then rose by 1.9% to $62.4 million in 2024, then gained by 0.79% to $62.8 million in 2025, then retreated by 2.54% to $61.2 million in 2026.
  • The last three Shares Outstanding (Diluted Average) figures came in at $61.2 million (Q1 2026), $62.8 million (Q4 2025), and $62.8 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Shares (Diluted Avg.) (Qtr)
1 Starbucks 114.58 Bn 112.88 Bn 9.40 Bn 1.14 Bn
2 Chipotle Mexican Grill 42.15 Bn 41.28 Bn 2.61 Bn 1.30 Bn
3 Yum Brands 42.13 Bn 41.44 Bn 1.38 Bn -
4 Restaurant Brands International 25.46 Bn 25.99 Bn 2.14 Bn 459.00 Mn
5 Darden Restaurants 24.75 Bn 24.51 Bn 3.31 Bn 115.80 Mn
6 Yum China Holdings 15.17 Bn 13.74 Bn 3.24 Bn -
7 Texas Roadhouse 11.72 Bn 11.53 Bn 1.40 Bn -
8 Dominos Pizza 10.51 Bn 10.28 Bn 464.51 Mn -
9 Cava 10.34 Bn 9.94 Bn 797.57 Mn 118.28 Mn
10 First Watch Restaurant 722.06 Mn 698.50 Mn 256.65 Mn 61.24 Mn

Historic Data

Download Data
DateValue
Mar 29, 2026 61.24 Mn
Dec 28, 2025 62.84 Mn
Sep 28, 2025 62.83 Mn
Jun 29, 2025 62.73 Mn
Mar 30, 2025 60.77 Mn
Dec 29, 2024 62.35 Mn
Sep 29, 2024 61.85 Mn
Jun 30, 2024 62.46 Mn
Mar 31, 2024 62.48 Mn
Dec 31, 2023 61.19 Mn
Sep 24, 2023 61.56 Mn
Jun 25, 2023 60.94 Mn
Mar 26, 2023 60.60 Mn
Dec 25, 2022 60.14 Mn
Sep 25, 2022 60.46 Mn
Jun 26, 2022 59.89 Mn
Mar 27, 2022 59.98 Mn
Dec 26, 2021 48.21 Mn
Sep 26, 2021 46.09 Mn
Jun 27, 2021 45.56 Mn