First Watch Restaurant (FWRG) Shares Outstanding (Entity) (2020 - 2026)
First Watch Restaurant (FWRG) posted Shares Outstanding (Entity) of 61.71 million for Q2 2026, up 1.1% from 61.02 million a year earlier and up 0.1% from the prior quarter.
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Analysis
First Watch Restaurant (FWRG) Shares Outstanding (Entity) (2020 - 2026) Analysis & Trends
For FY2025, First Watch Restaurant's Shares Outstanding (Entity) came in at 61.13 million, up 0.7% from FY2024.
- Annual Shares Outstanding (Entity) has increased for five consecutive years, with a five-year compound annual growth rate of 6.3% (FY2020 to FY2025).
- In prior years, First Watch Restaurant's Shares Outstanding (Entity) was 60.7 million in FY2024 (+1.3%), 59.89 million in FY2023 (+1.1%), 59.21 million in FY2022 (+22.8%) and 48.21 million in FY2021 (+7.1%).
- The Q2 2026 figure stands as the highest quarterly Shares Outstanding (Entity) in data going back to Q3 2020.
- On a year-over-year basis, Shares Outstanding (Entity) has increased in each of the last 19 quarters, with growth averaging 1.0% over the last eight quarters.
- Over the past five years, the year-over-year growth in Shares Outstanding (Entity) ranged from 0.0% (Q3 2021) to 31.3% (Q3 2022).
- According to Business Quant data, Shares Outstanding (Entity) for the three prior quarters was 61.63 million (Q1 2026), 61.13 million (Q4 2025) and 61.03 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Entity.) (Qtr) |
|---|---|---|---|---|---|
| 1 | Mcdonalds | 163.51 Bn | 158.34 Bn | 6.42 Bn | 707.64 Mn |
| 2 | Starbucks | 107.11 Bn | 94.75 Bn | - | 1.14 Bn |
| 3 | Chipotle Mexican Grill | 40.42 Bn | 36.40 Bn | - | 1.27 Bn |
| 4 | Yum Brands | 37.23 Bn | 34.12 Bn | 1.47 Bn | 272.90 Mn |
| 5 | Restaurant Brands International | 24.82 Bn | 21.92 Bn | 1.38 Bn | 349.21 Mn |
| 6 | Darden Restaurants | 22.06 Bn | 21.17 Bn | -113.70 Mn | 114.10 Mn |
| 7 | Restaurant Brands International Limited Partnership | 17.01 Bn | 12.57 Bn | 1.38 Bn | 229.85 Mn |
| 8 | Yum China Holdings | 14.18 Bn | 8.54 Bn | 537.00 Mn | 345.00 Mn |
| 9 | Texas Roadhouse | 10.25 Bn | 9.62 Bn | - | 65.59 Mn |
| 10 | First Watch Restaurant | 627.62 Mn | 541.61 Mn | - | 61.71 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 28, 2026 | 61.71 Mn |
| Mar 29, 2026 | 61.63 Mn |
| Dec 28, 2025 | 61.13 Mn |
| Sep 28, 2025 | 61.03 Mn |
| Jun 29, 2025 | 61.02 Mn |
| Mar 30, 2025 | 60.97 Mn |
| Dec 29, 2024 | 60.70 Mn |
| Sep 29, 2024 | 60.55 Mn |
| Jun 30, 2024 | 60.40 Mn |
| Mar 31, 2024 | 60.37 Mn |
| Dec 31, 2023 | 59.89 Mn |
| Sep 24, 2023 | 59.79 Mn |
| Jun 25, 2023 | 59.46 Mn |
| Mar 26, 2023 | 59.28 Mn |
| Dec 25, 2022 | 59.21 Mn |
| Sep 25, 2022 | 59.12 Mn |
| Jun 26, 2022 | 59.08 Mn |
| Mar 27, 2022 | 59.05 Mn |
| Dec 26, 2021 | 48.21 Mn |
| Sep 26, 2021 | 45.01 Mn |
API Access
First Watch Restaurant Shares Outstanding (Entity) 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=shares-outstanding-entity&ticker=FWRG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-entity", "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=shares-outstanding-entity&ticker=FWRG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();