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Black Rock Coffee Bar (BRCB) Financials

Black Rock Coffee Bar logo
$6.68 -0.23 (-3.33%)
Closing price 04:00 PM Eastern
Extended Trading
$6.93 +0.25 (+3.76%)
As of 07:58 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
Annual Income Statements for Black Rock Coffee Bar

Annual Income Statements for Black Rock Coffee Bar

This table shows Black Rock Coffee Bar's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2023 2024 2025
Period end date 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders
-8.82 -7.21 -0.06
Consolidated Net Income / (Loss)
-8.70 -7.19 -17
Net Income / (Loss) Continuing Operations
-8.70 -7.19 -17
Total Pre-Tax Income
-8.34 -6.92 -16
Total Operating Income
2.04 6.03 0.90
Total Gross Profit
61 79 102
Total Revenue
133 161 200
Operating Revenue
133 161 200
Total Cost of Revenue
72 82 98
Operating Cost of Revenue
72 82 98
Total Operating Expenses
59 73 101
Selling, General & Admin Expense
38 46 69
Depreciation Expense
8.52 10 12
Other Operating Expenses / (Income)
11 13 16
Other Special Charges / (Income)
2.01 3.36 4.30
Total Other Income / (Expense), net
-10 -13 -17
Interest & Investment Income
-11 -11 -9.35
Other Income / (Expense), net
0.57 -1.84 -7.62
Income Tax Expense
0.36 0.27 0.48
Net Income / (Loss) Attributable to Noncontrolling Interest
0.12 0.02 -16
Basic Earnings per Share
$0.00 $0.00 $0.00
Weighted Average Basic Shares Outstanding
0.00 0.00 17.02M
Diluted Earnings per Share
$0.00 $0.00 $0.00
Weighted Average Diluted Shares Outstanding
0.00 0.00 17.02M
Weighted Average Basic & Diluted Shares Outstanding
- - 50.06M

Quarterly Income Statements for Black Rock Coffee Bar

This table shows Black Rock Coffee Bar's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2024 Q3 2025
Period end date 9/30/2024 9/30/2025
Net Income / (Loss) Attributable to Common Shareholders
-0.72 -0.71
Consolidated Net Income / (Loss)
-0.72 -16
Net Income / (Loss) Continuing Operations
-0.72 -16
Total Pre-Tax Income
-0.65 -16
Total Operating Income
3.14 -6.41
Total Gross Profit
21 26
Total Revenue
41 51
Operating Revenue
41 51
Total Cost of Revenue
21 25
Operating Cost of Revenue
21 25
Total Operating Expenses
17 33
Selling, General & Admin Expense
10 24
Depreciation Expense
2.53 3.03
Other Operating Expenses / (Income)
3.23 4.03
Other Special Charges / (Income)
1.14 1.50
Total Other Income / (Expense), net
-3.79 -9.74
Interest & Investment Income
-3.07 -2.87
Other Income / (Expense), net
-0.72 -6.87
Income Tax Expense
0.07 0.03
Net Income / (Loss) Attributable to Noncontrolling Interest
0.00 -15
Basic Earnings per Share
$0.00 ($0.05)
Weighted Average Basic Shares Outstanding
0.00 14.81M
Diluted Earnings per Share
$0.00 ($0.05)
Weighted Average Diluted Shares Outstanding
0.00 14.81M
Weighted Average Basic & Diluted Shares Outstanding
- 50.06M

Annual Cash Flow Statements for Black Rock Coffee Bar

This table details how cash moves in and out of Black Rock Coffee Bar's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2023 2024 2025
Period end date 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents
11 -6.97 18
Net Cash From Operating Activities
5.17 13 2.19
Net Cash From Continuing Operating Activities
5.17 13 2.19
Net Income / (Loss) Continuing Operations
-8.70 -7.19 -17
Consolidated Net Income / (Loss)
-8.70 -7.19 -17
Depreciation Expense
8.52 10 12
Amortization Expense
1.15 1.32 1.11
Non-Cash Adjustments To Reconcile Net Income
7.23 8.68 10
Changes in Operating Assets and Liabilities, net
-3.04 0.13 -4.91
Net Cash From Investing Activities
-15 -23 -35
Net Cash From Continuing Investing Activities
-15 -23 -35
Purchase of Property, Plant & Equipment
-16 -22 -35
Acquisitions
-0.25 -0.75 -0.43
Other Investing Activities, net
0.96 0.00 0.00
Net Cash From Financing Activities
22 2.64 51
Net Cash From Continuing Financing Activities
22 2.64 51
Repayment of Debt
-1.25 -3.10 -145
Repurchase of Common Equity
0.00 -16 -11
Payment of Dividends
-8.09 -0.62 -0.60
Issuance of Debt
0.00 13 75
Issuance of Common Equity
0.00 0.00 315
Other Financing Activities, net
31 10 -180
Cash Interest Paid
9.41 10 9.30
Cash Income Taxes Paid
0.20 0.28 0.34

Quarterly Cash Flow Statements for Black Rock Coffee Bar

This table details how cash moves in and out of Black Rock Coffee Bar's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2024 Q4 2025
Period end date 12/31/2024 12/31/2025
Net Change in Cash & Equivalents
-2.64 -4.24
Net Cash From Operating Activities
4.16 5.10
Net Cash From Continuing Operating Activities
4.16 5.10
Net Income / (Loss) Continuing Operations
-4.23 1.58
Consolidated Net Income / (Loss)
-4.23 1.58
Depreciation Expense
3.03 3.34
Amortization Expense
0.35 0.06
Non-Cash Adjustments To Reconcile Net Income
2.36 -1.29
Changes in Operating Assets and Liabilities, net
2.66 1.41
Net Cash From Investing Activities
-4.28 -12
Net Cash From Continuing Investing Activities
-4.28 -12
Purchase of Property, Plant & Equipment
-3.93 -12
Acquisitions
-0.35 -0.17
Net Cash From Financing Activities
-2.52 2.79
Net Cash From Continuing Financing Activities
-2.52 2.79
Repayment of Debt
-0.23 -0.30
Repurchase of Common Equity
-2.29 -0.56
Issuance of Debt
- 3.65
Cash Interest Paid
2.65 0.34
Cash Income Taxes Paid
0.10 0.10

Annual Balance Sheets for Black Rock Coffee Bar

This table presents Black Rock Coffee Bar's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2025
Period end date 12/31/2024 12/31/2025
Total Assets
213 336
Total Current Assets
19 40
Cash & Equivalents
10 28
Accounts Receivable
4.30 3.45
Inventories, net
2.06 2.90
Prepaid Expenses
2.86 5.36
Plant, Property, & Equipment, net
70 101
Total Noncurrent Assets
123 195
Noncurrent Note & Lease Receivables
5.18 0.00
Goodwill
9.36 9.36
Intangible Assets
7.34 5.81
Noncurrent Deferred & Refundable Income Taxes
0.00 53
Other Noncurrent Operating Assets
102 127
Total Liabilities & Shareholders' Equity
213 336
Total Liabilities
230 232
Total Current Liabilities
33 39
Short-Term Debt
0.93 0.84
Accounts Payable
6.62 12
Accrued Expenses
3.40 7.99
Current Employee Benefit Liabilities
13 6.55
Other Current Liabilities
9.60 11
Total Noncurrent Liabilities
196 193
Long-Term Debt
89 26
Noncurrent Deferred & Payable Income Tax Liabilities
0.00 39
Other Noncurrent Operating Liabilities
107 128
Commitments & Contingencies
0.00 0.00
Redeemable Noncontrolling Interest
241 0.00
Total Equity & Noncontrolling Interests
-258 105
Total Preferred & Common Equity
-258 46
Preferred Stock
0.00 0.00
Total Common Equity
-258 46
Common Stock
-258 46
Retained Earnings
0.00 -0.06
Noncontrolling Interest
0.00 59

Quarterly Balance Sheets for Black Rock Coffee Bar

This table presents Black Rock Coffee Bar's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2025
Period end date 9/30/2025
Total Assets
323
Total Current Assets
44
Cash & Equivalents
33
Accounts Receivable
4.83
Inventories, net
2.79
Prepaid Expenses
3.81
Plant, Property, & Equipment, net
88
Total Noncurrent Assets
191
Noncurrent Note & Lease Receivables
0.00
Goodwill
9.36
Intangible Assets
6.12
Noncurrent Deferred & Refundable Income Taxes
53
Other Noncurrent Operating Assets
123
Total Liabilities & Shareholders' Equity
323
Total Liabilities
223
Total Current Liabilities
32
Short-Term Debt
1.25
Accounts Payable
11
Accrued Expenses
4.71
Current Employee Benefit Liabilities
6.28
Other Current Liabilities
9.19
Total Noncurrent Liabilities
191
Long-Term Debt
18
Noncurrent Deferred & Payable Income Tax Liabilities
41
Other Noncurrent Operating Liabilities
132
Commitments & Contingencies
0.00
Redeemable Noncontrolling Interest
0.00
Total Equity & Noncontrolling Interests
100
Total Preferred & Common Equity
43
Preferred Stock
0.00
Total Common Equity
0.00
Common Stock
44
Retained Earnings
-0.71
Noncontrolling Interest
57

Annual Metrics And Ratios for Black Rock Coffee Bar

This table displays calculated financial ratios and metrics derived from Black Rock Coffee Bar's official financial filings.

Metric 2023 2024 2025
Period end date 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding
0.00 0.00 50,055,807.00
DEI Adjusted Shares Outstanding
0.00 0.00 50,055,807.00
DEI Earnings Per Adjusted Shares Outstanding
0.00 0.00 0.00
Growth Metrics
- - -
Profitability Metrics
- - -
Net Operating Profit after Tax (NOPAT)
1.43 4.22 0.63
Return On Investment Capital (ROIC_SIMPLE)
- -2.52% 0.48%
Earnings before Interest and Taxes (EBIT)
2.61 4.20 -6.71
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
12 16 6.59
Valuation Ratios
- - -
Leverage & Solvency
- - -
Liquidity Ratios
- - -
Cash Flow Metrics
- - -
Free Cash Flow to Firm (FCFF)
0.00 -59 -39
Efficiency Ratios
- - -
Capital & Investment Metrics
- - -
Invested Capital
0.00 63 103
Increase / (Decrease) in Invested Capital
0.00 63 40
Book Value per Share
$0.00 ($17.53) $0.91
Tangible Book Value per Share
$0.00 ($18.67) $0.61
Total Capital
0.00 74 131
Total Debt
0.00 90 27
Total Long-Term Debt
0.00 89 26
Net Debt
0.00 80 -1.65
Capital Expenditures (CapEx)
16 22 35
Debt-free, Cash-free Net Working Capital (DFCFNWC)
0.00 -23 -26
Debt-free Net Working Capital (DFNWC)
0.00 -13 2.37
Net Working Capital (NWC)
0.00 -14 1.54
Net Nonoperating Expense (NNE)
10 11 17
Net Nonoperating Obligations (NNO)
0.00 80 -1.65
Total Depreciation and Amortization (D&A)
9.67 12 13
Earnings Adjustments
- - -
Adjusted Basic Earnings per Share
$0.00 $0.00 $0.00
Adjusted Weighted Average Basic Shares Outstanding
0.00 0.00 17.02M
Adjusted Diluted Earnings per Share
$0.00 $0.00 $0.00
Adjusted Weighted Average Diluted Shares Outstanding
0.00 0.00 17.02M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
0.00 0.00 50.06M
Normalized Net Operating Profit after Tax (NOPAT)
2.83 6.57 3.64
Debt Service Ratios
- - -
Payout Ratios
- - -

Quarterly Metrics And Ratios for Black Rock Coffee Bar

This table displays calculated financial ratios and metrics derived from Black Rock Coffee Bar's official financial filings.

Metric Q3 2024 Q3 2025
Period end date 9/30/2024 9/30/2025
Growth Metrics
- -
Revenue Growth
0.00% 24.15%
EBITDA Growth
0.00% -306.72%
EBIT Growth
0.00% -648.02%
NOPAT Growth
0.00% -304.17%
Net Income Growth
0.00% -2,140.30%
EPS Growth
0.00% 0.00%
Operating Cash Flow Growth
0.00% 0.00%
Free Cash Flow Firm Growth
0.00% 0.00%
Invested Capital Growth
0.00% 0.00%
Revenue Q/Q Growth
0.00% 0.00%
EBITDA Q/Q Growth
0.00% 0.00%
EBIT Q/Q Growth
0.00% 0.00%
NOPAT Q/Q Growth
0.00% 0.00%
Net Income Q/Q Growth
0.00% 0.00%
EPS Q/Q Growth
0.00% 0.00%
Operating Cash Flow Q/Q Growth
0.00% 0.00%
Free Cash Flow Firm Q/Q Growth
0.00% 0.00%
Invested Capital Q/Q Growth
0.00% 0.00%
Profitability Metrics
- -
Gross Margin
49.49% 51.29%
EBITDA Margin
11.95% -19.90%
Operating Margin
7.57% -12.45%
EBIT Margin
5.84% -25.79%
Profit (Net Income) Margin
-1.74% -31.43%
Tax Burden Percent
110.91% 100.19%
Interest Burden Percent
-26.88% 121.63%
Effective Tax Rate
0.00% 0.00%
Return on Invested Capital (ROIC)
0.00% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)
0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)
0.00% 0.00%
Return on Equity (ROE)
0.00% 0.00%
Cash Return on Invested Capital (CROIC)
0.00% 0.00%
Operating Return on Assets (OROA)
0.00% 0.00%
Return on Assets (ROA)
0.00% 0.00%
Return on Common Equity (ROCE)
0.00% 0.00%
Return on Equity Simple (ROE_SIMPLE)
0.00% 0.00%
Net Operating Profit after Tax (NOPAT)
2.20 -4.48
NOPAT Margin
5.30% -8.71%
Net Nonoperating Expense Percent (NNEP)
0.00% -169.66%
Return On Investment Capital (ROIC_SIMPLE)
- -3.76%
Cost of Revenue to Revenue
50.51% 48.71%
SG&A Expenses to Revenue
25.26% 47.09%
R&D to Revenue
0.00% 0.00%
Operating Expenses to Revenue
41.92% 63.74%
Earnings before Interest and Taxes (EBIT)
2.42 -13
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
4.96 -10
Valuation Ratios
- -
Price to Book Value (P/BV)
0.00 0.00
Price to Tangible Book Value (P/TBV)
0.00 0.00
Price to Revenue (P/Rev)
0.00 0.00
Price to Earnings (P/E)
0.00 0.00
Dividend Yield
0.00% 0.00%
Earnings Yield
0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)
0.00 4.58
Enterprise Value to Revenue (EV/Rev)
0.00 0.00
Enterprise Value to EBITDA (EV/EBITDA)
0.00 0.00
Enterprise Value to EBIT (EV/EBIT)
0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)
0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)
0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00
Leverage & Solvency
- -
Debt to Equity
0.00 0.19
Long-Term Debt to Equity
0.00 0.18
Financial Leverage
0.00 -0.14
Leverage Ratio
0.00 3.22
Compound Leverage Factor
0.00 3.92
Debt to Total Capital
0.00% 15.82%
Short-Term Debt to Total Capital
0.00% 1.05%
Long-Term Debt to Total Capital
0.00% 14.77%
Preferred Equity to Total Capital
0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 48.07%
Common Equity to Total Capital
0.00% 0.00%
Debt to EBITDA
0.00 0.00
Net Debt to EBITDA
0.00 0.00
Long-Term Debt to EBITDA
0.00 0.00
Debt to NOPAT
0.00 0.00
Net Debt to NOPAT
0.00 0.00
Long-Term Debt to NOPAT
0.00 0.00
Altman Z-Score
0.00 0.00
Noncontrolling Interest Sharing Ratio
0.00% 0.00%
Liquidity Ratios
- -
Current Ratio
0.00 1.37
Quick Ratio
0.00 1.17
Cash Flow Metrics
- -
Free Cash Flow to Firm (FCFF)
0.00 -91
Operating Cash Flow to CapEx
0.00% 0.00%
Free Cash Flow to Firm to Interest Expense
0.00 0.00
Operating Cash Flow to Interest Expense
0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense
0.00 0.00
Efficiency Ratios
- -
Asset Turnover
0.00 0.00
Accounts Receivable Turnover
0.00 0.00
Inventory Turnover
0.00 0.00
Fixed Asset Turnover
0.00 0.00
Accounts Payable Turnover
0.00 0.00
Days Sales Outstanding (DSO)
0.00 0.00
Days Inventory Outstanding (DIO)
0.00 0.00
Days Payable Outstanding (DPO)
0.00 0.00
Cash Conversion Cycle (CCC)
0.00 0.00
Capital & Investment Metrics
- -
Invested Capital
0.00 87
Invested Capital Turnover
0.00 0.00
Increase / (Decrease) in Invested Capital
0.00 87
Enterprise Value (EV)
0.00 397
Market Capitalization
294 353
Book Value per Share
$0.00 $0.00
Tangible Book Value per Share
$0.00 ($1.05)
Total Capital
0.00 119
Total Debt
0.00 19
Total Long-Term Debt
0.00 18
Net Debt
0.00 -14
Capital Expenditures (CapEx)
0.00 0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)
0.00 -19
Debt-free Net Working Capital (DFNWC)
0.00 13
Net Working Capital (NWC)
0.00 12
Net Nonoperating Expense (NNE)
2.92 12
Net Nonoperating Obligations (NNO)
0.00 -14
Total Depreciation and Amortization (D&A)
2.53 3.03
Debt-free, Cash-free Net Working Capital to Revenue
0.00% 0.00%
Debt-free Net Working Capital to Revenue
0.00% 0.00%
Net Working Capital to Revenue
0.00% 0.00%
Earnings Adjustments
- -
Adjusted Basic Earnings per Share
$0.00 ($0.05)
Adjusted Weighted Average Basic Shares Outstanding
0.00 14.81M
Adjusted Diluted Earnings per Share
$0.00 ($0.05)
Adjusted Weighted Average Diluted Shares Outstanding
0.00 14.81M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
0.00 50.06M
Normalized Net Operating Profit after Tax (NOPAT)
3.00 -3.43
Normalized NOPAT Margin
7.23% -6.67%
Pre Tax Income Margin
-1.57% -31.37%
Debt Service Ratios
- -
EBIT to Interest Expense
0.00 0.00
NOPAT to Interest Expense
0.00 0.00
EBIT Less CapEx to Interest Expense
0.00 0.00
NOPAT Less CapEx to Interest Expense
0.00 0.00
Payout Ratios
- -
Dividend Payout Ratio
0.00% 0.00%
Augmented Payout Ratio
0.00% 0.00%

Financials Breakdown Chart

Key Financial Trends

Here’s a concise, investor-focused read on Black Rock Coffee Bar (NASDAQ:BRCB) using the last four quarters of data (Q3–Q4 2024 and Q3–Q4 2025). The company shows topline growth and solid operating cash flow, but faces profitability headwinds driven by higher operating expenses and notable non-operating losses. Liquidity remains solid, with meaningful cash on hand and available financing avenues.

  • Revenue growth year over year: Revenue rose from about 41.5 million in Q3 2024 to 51.5 million in Q3 2025, a roughly 24% increase, signaling scale and demand expansion.
  • Positive cash from operations: Net cash from continuing operating activities was 5.10 million in Q4 2025, up from 4.16 million in Q4 2024, indicating improving core cash generation.
  • Healthy liquidity position: Cash & equivalents stood at about 32.6 million as of Q3 2025, supporting near-term obligations and strategic moves.
  • Access to external financing: Debt issuance of 3.65 million in Q4 2025 suggests continued access to capital markets, alongside a positive financing line in the period.
  • Material capital expenditure activity: Purchase of property, plant & equipment was 11.96 million in Q4 2025 (driving net investing cash outflow of 12.13 million), implying ongoing expansion or modernization that could support future growth.
  • Solid asset base with growth potential: Total assets were around 323.2 million in Q3 2025, with substantial noncurrent assets and PP&E, indicating an expanding asset footprint to support operations.
  • Mixed earnings quality indicators: Despite higher revenue, the company posted a sizable net income loss in Q3 2025, reflecting ongoing profitability challenges rather than a one-time issue.
  • Operating profitability deteriorated: Q3 2025 operating income was -6.41 million, versus a positive operating income in Q3 2024, with total operating expenses at 32.80 million (SG&A + other costs) versus 17.38 million previously.
  • Significant non-operating headwinds: Total other income/expense, net was -9.74 million in Q3 2025, contributing to a large pre-tax loss and depressing net income.
  • Bottom-line weakness persists: Net income attributable to common shareholders in Q3 2025 was -0.712 million (consolidated net income -16.175 million), highlighting ongoing profitability challenges despite revenue growth.
05/20/26 12:13 AM ETAI Generated. May Contain Errors.

Black Rock Coffee Bar Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Black Rock Coffee Bar's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Black Rock Coffee Bar's net income appears to be on an upward trend, with a most recent value of -$16.54 million in 2025, rising from -$8.70 million in 2023. The previous period was -$7.19 million in 2024. View Black Rock Coffee Bar's forecast to see where analysts expect Black Rock Coffee Bar to go next.

Black Rock Coffee Bar's total operating income in 2025 was $901 thousand, based on the following breakdown:
  • Total Gross Profit: $101.99 million
  • Total Operating Expenses: $101.09 million

Over the last 2 years, Black Rock Coffee Bar's total revenue changed from $133.16 million in 2023 to $200.32 million in 2025, a change of 50.4%.

Black Rock Coffee Bar's total liabilities were at $231.73 million at the end of 2025, a 0.9% increase from 2024, and a 0.9% increase since 2024.

In the past 1 years, Black Rock Coffee Bar's cash and equivalents has ranged from $10.23 million in 2024 to $28.41 million in 2025, and is currently $28.41 million as of their latest financial filing in 2025.

Over the last 2 years, Black Rock Coffee Bar's book value per share changed from 0.00 in 2023 to 0.91 in 2025, a change of 91.3%.



Financial statements for NASDAQ:BRCB last updated on 3/8/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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