First Watch Restaurant (FWRG) Total Debt (2020 - 2026)

First Watch Restaurant's (FWRG) quarterly Total Debt came in at $282.1 million in Q1 2026, up 39.78% year-on-year from $201.8 million in Q1 2025, and little changed quarter-over-quarter from $282.4 million in Q4 2025.

First Watch Restaurant (FWRG) Total Debt (2020 - 2026) Analysis & Trends

First Watch Restaurant's Total Debt history runs 7 years deep, the most recent figure standing at $282.1 million for Q1 2026.

  • On a quarterly basis, Total Debt rose 39.78% year-over-year to $282.1 million in Q1 2026; TTM through Mar 2026 was $282.1 million, a 39.78% increase from a year earlier, with the FY2025 full-year figure at $282.4 million, up 42.42% from the prior year.
  • Total Debt was little changed at $282.1 million in Q1 2026 per FWRG's latest filing, from $282.4 million in the prior quarter.
  • Across five years, Total Debt topped out at $282.4 million in Q4 2025 and bottomed at $97.8 million in Q3 2023.
  • The 5-year median for Total Debt is $125.7 million (2024), against an average of $167.1 million.
  • Across the five-year window, Total Debt sank 65.14% in 2022 and jumped 101.84% in 2024, its largest moves.
  • Year by year, Total Debt stood at $100.9 million in 2022, then increased by 24.25% to $125.4 million in 2023, then jumped by 58.12% to $198.3 million in 2024, then soared by 42.42% to $282.4 million in 2025, then slipped by 0.1% to $282.1 million in 2026.
  • Per Business Quant, the three latest FWRG Total Debt figures stand at $282.1 million (Q1 2026), $282.4 million (Q4 2025), and $264.1 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Total Debt (Qtr)
1 Starbucks 117.61 Bn 115.91 Bn 6.32 Bn 15.08 Bn
2 Chipotle Mexican Grill 41.20 Bn 40.33 Bn 2.61 Bn -
3 Yum Brands 40.68 Bn 39.99 Bn 1.38 Bn 11.95 Bn
4 Restaurant Brands International 25.13 Bn 25.66 Bn 2.14 Bn 13.30 Bn
5 Darden Restaurants 22.23 Bn 21.99 Bn 3.68 Bn 2.33 Bn
6 Yum China Holdings 15.22 Bn 14.47 Bn 2.31 Bn 20.00 Mn
7 Texas Roadhouse 12.56 Bn 12.37 Bn 1.40 Bn 50.00 Mn
8 Dominos Pizza 10.74 Bn 10.60 Bn 478.23 Mn 4.88 Bn
9 Dutch Bros 8.14 Bn 8.10 Bn 107.48 Mn 205.37 Mn
10 First Watch Restaurant 737.04 Mn 713.47 Mn 279.06 Mn 282.10 Mn

Historic Data

Download Data
DateValue
Mar 29, 2026 282.10 Mn
Dec 28, 2025 282.38 Mn
Sep 28, 2025 264.11 Mn
Jun 29, 2025 261.82 Mn
Mar 30, 2025 201.81 Mn
Dec 29, 2024 198.27 Mn
Sep 29, 2024 197.48 Mn
Jun 30, 2024 198.72 Mn
Mar 31, 2024 125.74 Mn
Dec 31, 2023 125.40 Mn
Sep 24, 2023 97.84 Mn
Jun 25, 2023 99.06 Mn
Mar 26, 2023 99.04 Mn
Dec 25, 2022 100.93 Mn
Sep 25, 2022 101.54 Mn
Jun 26, 2022 101.58 Mn
Mar 27, 2022 102.24 Mn
Dec 26, 2021 102.94 Mn
Sep 26, 2021 291.29 Mn
Dec 27, 2020 289.99 Mn