First Watch Restaurant (FWRG) Total Debt (2020 - 2026)
First Watch Restaurant (FWRG) posted quarterly Total Debt of $282.1 million for Q1 2026, up 39.78% year-over-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.
- In Q1 2026, Total Debt rose 39.78% year-over-year to $282.1 million; the TTM figure through Mar 2026 stood at $282.1 million (up 39.78% YoY), while the FY2025 annual figure was $282.4 million, up 42.42% from the prior year.
- Total Debt for Q1 2026 stood at $282.1 million, roughly flat from $282.4 million in the prior quarter.
- The five-year high for Total Debt was $282.4 million in Q4 2025, with the low 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.
- The sharpest annual moves came in 2022 and 2024: Total Debt plunged 65.14% in 2022, then jumped 101.84% in 2024.
- First Watch Restaurant's Total Debt stood at $100.9 million in 2022, then grew by 24.25% to $125.4 million in 2023, then soared by 58.12% to $198.3 million in 2024, then surged by 42.42% to $282.4 million in 2025, then decreased by 0.1% to $282.1 million in 2026.
- Business Quant data shows FWRG's Total Debt at $282.1 million in Q1 2026, $282.4 million in Q4 2025, and $264.1 million in Q3 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Mcdonalds | 193.05 Bn | 192.23 Bn | 6.42 Bn | 39.86 Bn |
| 2 | Starbucks | 122.77 Bn | 119.16 Bn | 6.49 Bn | 14.78 Bn |
| 3 | Chipotle Mexican Grill | 42.40 Bn | 41.73 Bn | 2.35 Bn | - |
| 4 | Yum Brands | 40.42 Bn | 39.75 Bn | 1.47 Bn | 12.28 Bn |
| 5 | Restaurant Brands International | 27.11 Bn | 27.59 Bn | 1.89 Bn | 13.34 Bn |
| 6 | Darden Restaurants | 25.70 Bn | 25.48 Bn | 3.68 Bn | 2.33 Bn |
| 7 | Restaurant Brands International Limited Partnership | 17.24 Bn | 16.18 Bn | 1.89 Bn | 13.34 Bn |
| 8 | Yum China Holdings | 16.42 Bn | 15.74 Bn | 2.22 Bn | 66.00 Mn |
| 9 | Texas Roadhouse | 13.58 Bn | 13.40 Bn | 1.44 Bn | 50.00 Mn |
| 10 | First Watch Restaurant | 784.98 Mn | 764.50 Mn | 272.08 Mn | 292.53 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 28, 2026 | 292.53 Mn |
| 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 |