First Watch Restaurant (FWRG) Tax Rate (2020 - 2026)

First Watch Restaurant's Tax Rate history runs 7 years deep, the most recent figure standing at 21.81% for Q1 2026.

• In Q1 2026, Tax Rate fell 2425.0% year-over-year to 21.81%; the TTM figure through Mar 2026 stood at 71.71% (down 10566.0% YoY), while the FY2025 annual figure was 60.16%, down 9263.0% from the prior year.
• Tax Rate was 21.81% for Q1 2026 at First Watch Restaurant, up from 243.08% in the prior quarter.
• In the past five years, Tax Rate ranged from a high of 289.84% in Q4 2022 to a low of 243.08% in Q4 2025.
• Historically, Tax Rate has averaged 35.15% across 5 years, with a median of 33.04% in 2022.
• The sharpest annual moves came in 2022 and 2025: Tax Rate jumped 28638 bps in 2022, then plunged 24836 bps in 2025.
• A 5-year view of Tax Rate shows it stood at 289.84% in 2022, then plunged by 82 bps to 51.9% in 2023, then slumped by 90 bps to 5.28% in 2024, then sank by 4700 bps to 243.08% in 2025, then surged by 109 bps to 21.81% in 2026.
• The last three Tax Rate figures came in at 21.81% (Q1 2026), 243.08% (Q4 2025), and 47.29% (Q3 2025), per Business Quant data.