In-Restaurant Dining Sales was First Watch Restaurant’s largest product and service line in fiscal 2025, bringing in $982.35M of $1.23B (80%).
| Product and Service | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|
| In-Restaurant Dining Sales | $571.05M | $716.96M | $829.05M | $982.35M | |||
| Third-Party Delivery Sales | $82.05M | $91.43M | $97.44M | $142.26M | |||
| Take-Out Sales | $66.08M | $68.70M | $77.86M | $87.57M | |||
| Franchise Revenues | $10.98M | $14.46M | $11.56M | $10.33M | |||
| Royalty & System Fund Contributions | $10.68M | $13.46M | $10.86M | $9.71M | |||
| Business Combinations - Revenues Recognized | — | $607.00K | $413.00K | $398.00K | |||
| Initial Fees | $298.00K | $388.00K | $278.00K | $225.00K | |||
| Total | $741.14M | $906.01M | $1.03B | $1.23B |
First Watch Restaurant brought in $1.23B from its seven product and service lines in fiscal 2025, the year ended December 28, 2025. That was up 20.0% from $1.03B in fiscal 2024. In-Restaurant Dining Sales was the largest at $982.35M (79.7%), ahead of Third-Party Delivery Sales at $142.26M (11.5%) and Take-Out Sales at $87.57M (7.1%). The other four lines brought in $20.66M combined.
Compared with fiscal 2024, Third-Party Delivery Sales grew fastest, up 46.0% to $142.26M. Every line above 2% of revenue grew.
First Watch Restaurant began breaking out Business Combinations - Revenues Recognized in fiscal 2023, when it brought in $607.00K.
First Watch Restaurant (FWRG) reports its revenue by product and service. In fiscal 2025, In-Restaurant Dining Sales was its largest product and service line, bringing in $982.35M (79.7% of the total), followed by Third-Party Delivery Sales at $142.26M (11.5%).
In-Restaurant Dining Sales was First Watch Restaurant's largest product and service line in fiscal 2025, bringing in $982.35M, or 79.7% of the $1.23B total across its seven product and service lines.
Among First Watch Restaurant's product and service lines that make up at least 2% of revenue, Third-Party Delivery Sales grew fastest in fiscal 2025, up 46.0% from $97.44M to $142.26M.
Every figure comes from First Watch Restaurant's annual financial filings, as reported. Each line keeps the name First Watch Restaurant gives it, and years follow its fiscal calendar.
First Watch Restaurant's revenue by product and service goes back to fiscal 2019, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.