First Watch Restaurant (FWRG) Tax Provisions (2020 - 2026)
First Watch Restaurant (FWRG) recorded Tax Provisions of $1.69 million in Q3 2026, down 37.0% from $2.68 million a year earlier but up 64.2% from the prior quarter.
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Analysis
First Watch Restaurant (FWRG) Tax Provisions (2020 - 2026) Analysis & Trends
On a TTM basis, First Watch Restaurant's Tax Provisions came in at -$8.77 million as of Sep 27, 2026; for FY2025, it came in at -$7.3 million.
- Across earlier years, Tax Provisions came in at $9.1 million in FY2024 (-14.9%), $10.69 million in FY2023 (+88.1%), $5.68 million in FY2022 (+129.5%) and $2.48 million in FY2021.
- Quarterly Tax Provisions has ranged from -$10.74 million in Q4 2025 to $4.88 million in Q2 2024 over the past five years.
- On a year-over-year basis, Tax Provisions rose in 1 of the last five quarters, with an average decline of 28.3%.
- Peak year-over-year performance for Tax Provisions in the last five years was growth of 285.0% in Q4 2023, against a decline of 98.6% in Q4 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at $1.03 million (Q2 2026), -$749,000 (Q1 2026) and -$10.74 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Mcdonalds | 198.08 Bn | 192.90 Bn | 6.42 Bn | 574.00 Mn |
| 2 | Starbucks | 123.34 Bn | 110.96 Bn | - | 374.40 Mn |
| 3 | Chipotle Mexican Grill | 45.28 Bn | 41.78 Bn | - | 117.25 Mn |
| 4 | Yum Brands | 43.42 Bn | 40.31 Bn | 1.47 Bn | -320.00 Mn |
| 5 | Restaurant Brands International | 26.75 Bn | 22.54 Bn | 1.40 Bn | -133.00 Mn |
| 6 | Darden Restaurants | 25.71 Bn | 24.80 Bn | 1.68 Bn | 34.70 Mn |
| 7 | Restaurant Brands International Limited Partnership | 24.67 Bn | 20.46 Bn | 1.40 Bn | -133.00 Mn |
| 8 | Yum China Holdings | 17.17 Bn | 10.82 Bn | 537.00 Mn | 92.00 Mn |
| 9 | Texas Roadhouse | 12.34 Bn | 11.68 Bn | - | 19.48 Mn |
| 10 | First Watch Restaurant | 835.07 Mn | 748.71 Mn | - | 1.69 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 27, 2026 | 1.69 Mn |
| Jun 28, 2026 | 1.03 Mn |
| Mar 29, 2026 | -749,000.00 |
| Dec 28, 2025 | -10.74 Mn |
| Sep 28, 2025 | 2.68 Mn |
| Jun 29, 2025 | 1.47 Mn |
| Mar 30, 2025 | -708,000.00 |
| Dec 29, 2024 | 39,000.00 |
| Sep 29, 2024 | 1.38 Mn |
| Jun 30, 2024 | 4.88 Mn |
| Mar 31, 2024 | 2.80 Mn |
| Dec 31, 2023 | 2.86 Mn |
| Sep 24, 2023 | 1.24 Mn |
| Jun 25, 2023 | 2.03 Mn |
| Mar 26, 2023 | 4.56 Mn |
| Dec 25, 2022 | 742,000.00 |
| Sep 25, 2022 | 1.33 Mn |
| Jun 26, 2022 | 1.34 Mn |
| Mar 27, 2022 | 2.28 Mn |
| Dec 26, 2021 | -167,000.00 |
API Access
First Watch Restaurant Tax Provisions 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=tax-provisions&ticker=FWRG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-provisions", "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=tax-provisions&ticker=FWRG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();