SuperworthFirst Watch Restaurant revenue FWRG
Sales by quarter and over the last twelve months, from 2020.
- Last 12 months, to Jun 28, 2026
- $1.3B
- Latest quarter, Q2 FY26
- $354.7M
- +15% on a year earlier
- Fiscal year 2025
- $1.2B
- +20% on the year before
First Watch Restaurant's revenue was $1.3B over the twelve months to Jun 28, 2026, up 19% on a year earlier.
In its latest quarter, Q2 FY26, it was $354.7M, up 15% on the same quarter a year before.
Revenue over time
Fiscal year by fiscal year
| Fiscal year | Revenue | Change |
|---|---|---|
| FY2025 | $1.2B | +20% |
| FY2024 | $1B | +14% |
| FY2023 | $891.6M | +22% |
| FY2022 | $730.2M | +21% |
| FY2021 | $601.2M | n/a |
| FY2020 | n/a | n/a |
Each fiscal year is the twelve months to its fourth quarter.
Quarter by quarter
| Quarter | Ended | Revenue | On a year earlier | Last 12 months |
|---|---|---|---|---|
| Q2 FY26 | $354.7M | +15% | $1.3B | |
| Q1 FY26 | $331M | +17% | $1.3B | |
| Q4 FY25 | $316.4M | +20% | $1.2B | |
| Q3 FY25 | $316M | +26% | $1.2B | |
| Q2 FY25 | $307.9M | +19% | $1.1B | |
| Q1 FY25 | $282.2M | +16% | $1.1B | |
| Q4 FY24 | $263.3M | +8% | $1B | |
| Q3 FY24 | $251.6M | +15% | $997.3M | |
| Q2 FY24 | $258.6M | +20% | $964.9M | |
| Q1 FY24 | $242.4M | +15% | $922.6M | |
| Q4 FY23 | $244.6M | +32% | $891.6M | |
| Q3 FY23 | $219.2M | +17% | $832.7M |
Against its peers
Companies in Restaurants nearest First Watch Restaurant's size, closest first, today.
| Company | Revenue, 12 months | Growth |
|---|---|---|
| FWRGFirst Watch Restaurant | $1.3B | +19% a year |
| PZZAPapa Johns International | $2B | −6% a year |
| BLMNBloomin' Brands | $4B | +1% a year |
| BRCBBlack Rock Coffee Bar | $223.6M | +25% a year |
| LOCOEl Pollo Loco | $500.8M | +4% a year |
| NATHNathans Famous | $169.1M | +12% a year |
| SGSweetgreen | $681.8M | −1% a year |
| WENWendy's | $2.2B | −1% a year |
| BJRIBJs RESTAURANTS INC | $1.4B | +4% a year |
| PTLOPortillo's | $748.8M | +3% a year |
| CBRLCracker Barrel Old Country Store | $3.3B | −5% a year |
| Peer median | $1.1B |
Where First Watch Restaurant ranks
What the revenue tells you
Total sales in the period. On the company page, quarterly bars or the trailing twelve months (TTM), which smooths seasonality.
Growing revenue with shrinking margins is a warning, not a win.
More on First Watch Restaurant
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.