First Watch Restaurant Group, Inc. (FWRG)

FWRG Revenue

First Watch Restaurant Group had revenue of $349.86M in the quarter ending September 27, 2026, with 10.71% growth. This brings the company's total for the last twelve months to $1.35B, up 15.60% year-over-year. In the year 2025, First Watch Restaurant Group had annual revenue of $1.22B with 20.34% growth. That makes First Watch Restaurant Group the 6,384th largest company in the world by revenue and 1,587th in the United States.

• Revenue (ttm): $1.35B
• Revenue Growth: +15.60%
• P/S Ratio: 0.62
• Revenue / Employee: $75,102
• Employees: 18,000
• Market Cap: 833.00M

Revenue Chart

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Revenue by Segment

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• In-Restaurant Dining Sales 982.35M 80.4%
• Third-Party Delivery Sales 142.26M 11.6%
• Take-Out Sales 87.57M 7.2%
• Royalty and System Fund Contributions 9.71M 0.8%
• Business Combinations 398.00K 0.0%
• Initial Fees 225.00K 0.0%

Fiscal year ended Dec 28, 2025 See the full FWRG breakdown

Revenue History

Fiscal Year End	Revenue	Change	Growth
Dec 28, 2025	1.22B	206.59M	20.34%
Dec 29, 2024	1.02B	124.36M	13.95%
Dec 31, 2023	891.55M	161.39M	22.10%
Dec 25, 2022	730.16M	128.97M	21.45%
Dec 26, 2021	601.19M	258.81M	75.59%
Dec 27, 2020	342.39M	-93.99M	-21.54%
Dec 29, 2019	436.37M	-	-

Data Source: Fiscal.ai Last updated: Nov 3, 2026

Revenue data is provided by Fiscal.ai and updates within minutes after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 4, 2026

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