Growth Metrics

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

First Watch Restaurant's quarterly Shares Outstanding (Diluted Average) came in at $61.2 million in Q1 2026, up 0.78% year-on-year from $60.8 million in Q1 2025, and down 2.54% quarter-over-quarter from $62.8 million in Q4 2025.

First Watch Restaurant has reported Shares Outstanding (Diluted Average) for 7 years, with the latest figure at $61.2 million in Q1 2026.

  • For the quarter ending Q1 2026, Shares Outstanding (Diluted Average) rose 0.78% year-over-year to $61.2 million; the trailing twelve-month figure through Mar 2026 stood at $61.2 million (up 0.78% YoY), and the FY2025 full-year result was $62.8 million, up 0.79% from the prior year.
  • Shares Outstanding (Diluted Average) for Q1 2026 stood at $61.2 million, down from $62.8 million in the prior quarter.
  • The five-year high for Shares Outstanding (Diluted Average) was $62.8 million in Q4 2025, with the low at $59.9 million in Q2 2022.
  • Average Shares Outstanding (Diluted Average) over 5 years is $61.4 million, with a median of $61.2 million recorded in 2026.
  • Year-over-year, Shares Outstanding (Diluted Average) surged 33.26% in 2022 and slipped 2.74% in 2025.
  • Tracing FWRG's Shares Outstanding (Diluted Average) over 5 years: stood at $60.1 million in 2022, then rose by 1.75% to $61.2 million in 2023, then gained by 1.9% to $62.4 million in 2024, then advanced by 0.79% to $62.8 million in 2025, then decreased 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 110.27 Bn 108.58 Bn 9.40 Bn 1.14 Bn
2 Yum Brands 40.90 Bn 40.21 Bn 1.38 Bn -
3 Chipotle Mexican Grill 39.62 Bn 38.75 Bn 2.61 Bn 1.30 Bn
4 Restaurant Brands International 25.25 Bn 25.79 Bn 2.14 Bn 459.00 Mn
5 Darden Restaurants 23.41 Bn 23.17 Bn 3.31 Bn 115.80 Mn
6 Yum China Holdings 15.07 Bn 13.64 Bn 3.24 Bn -
7 Texas Roadhouse 11.59 Bn 11.39 Bn 1.40 Bn -
8 Dominos Pizza 10.51 Bn 10.27 Bn 464.51 Mn -
9 Cava 8.67 Bn 8.28 Bn 797.57 Mn 118.28 Mn
10 First Watch Restaurant 680.42 Mn 656.85 Mn 256.65 Mn 61.24 Mn

Historic Data

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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
Mar 28, 2021 45.01 Mn
Dec 27, 2020 45.01 Mn
Sep 27, 2020 45.01 Mn