What is BRC's operating income?

BRC's total operating income in 2025 was -$24.60 million, based on the following breakdown: Total Gross Profit: $137.95 million Total Operating Expenses: $105.80 million

BRC (BRCC) Financials

$1.20 -0.02 (-1.24%)

Closing price 07/2/2026 03:59 PM Eastern

Extended Trading

$1.16 -0.03 (-2.51%)

As of 07/2/2026 07:26 PM Eastern

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Annual Income Statements for BRC

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

Metric	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-0.77	0.00	0.00	-83	-17	-2.95	-12
Consolidated Net Income / (Loss)	-0.77	4.32	-14	-338	-57	-7.65	-32
Net Income / (Loss) Continuing Operations	-0.77	4.32	-14	-338	-57	-7.65	-32
Total Pre-Tax Income	-0.76	4.51	-14	-338	-57	-7.48	-32
Total Operating Income	-0.12	5.78	-12	-68	-50	3.85	-25
Total Gross Profit	36	69	90	99	125	161	138
Total Revenue	82	164	233	301	396	391	398
Operating Revenue	82	164	233	301	396	391	398
Total Cost of Revenue	60	119	182	266	341	293	317
Operating Cost of Revenue	60	119	182	266	341	293	317
Total Operating Expenses	23	39	63	103	105	95	106
Selling, General & Admin Expense	9.34	14	26	64	72	51	55
Marketing Expense	13	26	36	38	31	36	39
Other Operating Expenses / (Income)	-	-	0.00	0.00	2.20	8.45	12
Total Other Income / (Expense), net	-0.64	-1.27	-2.09	-270	-6.32	-11	-7.51
Interest Expense	0.73	1.05	2.03	1.59	6.33	11	7.51
Other Income / (Expense), net	0.09	-0.23	-0.06	-268	0.01	0.00	0.00
Income Tax Expense	0.01	0.19	0.18	0.37	0.19	0.17	0.13
Net Income / (Loss) Attributable to Noncontrolling Interest	-	0.00	0.00	-255	-40	-4.70	-20
Basic Earnings per Share	-	$0.00	$0.00	($1.62)	($0.27)	($0.04)	($0.13)
Weighted Average Basic Shares Outstanding	-	0.00	0.00	51.25M	60.93M	71.11M	95.21M
Diluted Earnings per Share	-	$0.00	$0.00	($1.62)	($0.27)	($0.04)	($0.13)
Weighted Average Diluted Shares Outstanding	-	0.00	0.00	51.25M	60.93M	71.11M	95.21M
Weighted Average Basic & Diluted Shares Outstanding	-	-	194.43M	211.56M	212.15M	213.04M	248.70M

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

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	-3.23	-4.49	0.55	-0.48	-0.54	-2.48	-2.89	-5.33	-0.49	-3.21	-0.02
Consolidated Net Income / (Loss)	-11	-14	1.86	-1.37	-1.40	-6.73	-7.85	-15	-1.24	-8.64	0.05
Net Income / (Loss) Continuing Operations	-11	-14	1.86	-1.37	-1.40	-6.73	-7.85	-15	-1.24	-8.64	0.05
Total Pre-Tax Income	-11	-14	1.90	-1.32	-1.35	-6.71	-7.80	-14	-1.19	-8.64	0.08
Total Operating Income	-6.99	-12	3.96	0.98	1.11	-2.19	-5.43	-13	0.52	-7.06	1.32
Total Gross Profit	34	32	42	37	41	40	32	32	37	36	36
Total Revenue	101	120	98	89	98	106	90	95	101	113	109
Operating Revenue	101	120	98	89	98	106	90	95	101	113	109
Total Cost of Revenue	80	107	71	69	73	78	71	78	78	90	87
Operating Cost of Revenue	80	107	71	69	73	78	71	78	78	90	87
Total Operating Expenses	27	25	23	19	24	30	24	29	22	30	21
Selling, General & Admin Expense	19	15	15	11	12	12	12	14	13	16	10
Marketing Expense	8.26	8.38	7.61	7.41	10	11	11	9.77	8.71	9.41	10
Other Operating Expenses / (Income)	-0.60	1.59	0.01	0.31	1.26	6.87	1.23	4.93	0.59	5.10	0.38
Total Other Income / (Expense), net	-3.65	-1.67	-2.05	-2.30	-2.45	-4.52	-2.37	-1.84	-1.71	-1.58	-1.24
Interest Expense	-	-	-	-	-	-	2.37	-	-	-	1.24
Income Tax Expense	0.06	0.02	0.05	0.05	0.05	0.02	0.04	0.04	0.04	-	0.03
Net Income / (Loss) Attributable to Noncontrolling Interest	-7.46	-9.55	1.31	-0.89	-0.86	-4.25	-4.96	-9.18	-0.75	-5.43	0.06
Basic Earnings per Share	($0.05)	($0.07)	$0.01	($0.01)	($0.01)	($0.03)	($0.04)	($0.07)	$0.00	($0.02)	$0.00
Weighted Average Basic Shares Outstanding	61.96M	60.93M	66.31M	68.21M	72.15M	71.11M	78.41M	79.15M	107.99M	95.21M	115.40M
Diluted Earnings per Share	($0.05)	($0.07)	$0.01	($0.01)	($0.01)	($0.03)	($0.04)	($0.07)	$0.00	($0.02)	$0.00
Weighted Average Diluted Shares Outstanding	61.96M	60.93M	66.60M	68.21M	72.15M	71.11M	78.41M	79.15M	107.99M	95.21M	115.40M
Weighted Average Basic & Diluted Shares Outstanding	212.04M	212.15M	212.31M	212.52M	212.74M	213.04M	213.22M	248.23M	248.50M	248.70M	249.50M

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

Metric	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	2.42	31	-17	21	-25	-7.10	-2.48
Net Cash From Operating Activities	4.14	12	-7.69	-116	-25	11	-9.81
Net Cash From Continuing Operating Activities	5.69	12	-7.69	-116	-25	11	-9.81
Net Income / (Loss) Continuing Operations	0.77	4.32	-14	-338	-57	-7.65	-32
Consolidated Net Income / (Loss)	0.77	4.32	-14	-338	-57	-7.65	-32
Depreciation Expense	0.93	1.38	2.90	4.38	7.26	10	12
Amortization Expense	0.31	0.13	0.36	0.32	0.55	1.19	1.08
Non-Cash Adjustments To Reconcile Net Income	0.19	3.56	5.44	276	12	22	18
Changes in Operating Assets and Liabilities, net	3.48	2.16	-2.54	-58	12	-15	-8.99
Net Cash From Investing Activities	-1.11	-9.76	-19	-30	-22	-7.71	1.42
Net Cash From Continuing Investing Activities	-1.11	-9.76	-19	-30	-22	-7.71	1.42
Purchase of Property, Plant & Equipment	-1.04	-9.76	-19	-30	-27	-8.67	-3.66
Sale of Property, Plant & Equipment	-	-	0.00	0.00	5.71	0.95	5.08
Net Cash From Financing Activities	-2.17	29	9.68	167	21	-11	5.91
Net Cash From Continuing Financing Activities	-2.17	29	9.68	167	21	-11	5.91
Repayment of Debt	-5.07	-7.28	-20	-39	-274	-364	-281
Issuance of Debt	2.90	16	39	52	295	353	248
Issuance of Common Equity	-	-	0.00	0.00	0.67	0.52	38
Other Financing Activities, net	-	-0.45	-1.66	303	-0.17	-0.06	1.01
Cash Interest Paid	0.33	1.01	0.72	1.28	4.48	9.04	5.38
Cash Income Taxes Paid	0.01	0.11	0.15	0.28	0.56	0.43	0.13

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

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	-12	5.78	-8.45	4.50	-2.31	-0.84	-2.91	0.40	5.18	-5.15	5.64
Net Cash From Operating Activities	0.10	15	4.91	2.30	1.93	2.16	-4.14	-3.32	6.37	-8.72	6.76
Net Cash From Continuing Operating Activities	0.10	15	4.91	2.30	1.93	2.16	-4.14	-3.32	6.37	-8.72	6.76
Net Income / (Loss) Continuing Operations	-11	-14	1.86	-1.37	-1.40	-6.73	-7.85	-15	-1.24	-8.64	0.05
Consolidated Net Income / (Loss)	-11	-14	1.86	-1.37	-1.40	-6.73	-7.85	-15	-1.24	-8.64	0.05
Depreciation Expense	2.00	1.91	2.41	2.38	2.66	2.60	2.58	3.96	3.06	2.61	2.16
Amortization Expense	0.21	0.29	0.30	0.30	0.30	0.29	0.27	0.27	0.27	0.27	0.27
Non-Cash Adjustments To Reconcile Net Income	3.14	2.53	2.78	5.07	3.29	11	5.01	2.73	1.30	9.09	2.79
Changes in Operating Assets and Liabilities, net	5.44	25	-2.43	-4.09	-2.93	-5.22	-4.15	4.22	2.98	-12	1.50
Net Cash From Investing Activities	-3.47	-8.21	-2.68	-1.30	-2.12	-1.62	-1.17	-0.97	-0.72	4.28	-0.63
Net Cash From Continuing Investing Activities	-3.47	-8.21	-2.68	-1.30	-2.12	-1.62	-1.17	-0.97	-0.72	4.28	-0.63
Purchase of Property, Plant & Equipment	-8.86	-8.35	-2.72	-2.15	-2.14	-1.66	-1.17	-0.97	-0.82	-0.70	-0.63
Net Cash From Financing Activities	-8.28	-1.40	-11	3.50	-2.12	-1.39	2.41	4.70	-0.48	-0.72	-0.49
Net Cash From Continuing Financing Activities	-8.28	-1.40	-11	3.50	-2.12	-1.39	2.41	4.70	-0.48	-0.72	-0.49
Repayment of Debt	-104	-1.31	-33	-86	-97	-148	-97	-95	-72	-18	-15
Issuance of Debt	95	0.01	22	90	95	147	99	99	34	17	15
Issuance of Common Equity	0.37	-	0.25	0.01	0.26	-	0.19	-	39	-1.15	0.06
Other Financing Activities, net	-0.02	-0.10	0.02	-0.03	-0.04	-0.01	0.02	0.99	-1.00	1.00	-0.15
Cash Interest Paid	1.27	1.89	1.82	1.75	1.81	3.67	0.76	1.07	2.17	1.39	1.08
Cash Income Taxes Paid	0.24	-0.10	0.06	0.29	0.04	0.04	0.07	0.26	0.04	-0.25	0.00

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

Metric	2020	2021	2022	2023	2024	2025
Period end date	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	73	87	225	236	227	209
Total Current Assets	57	53	145	108	95	100
Cash & Equivalents	35	18	39	12	6.81	4.33
Accounts Receivable	3.63	7.44	22	25	34	35
Inventories, net	16	21	77	56	43	50
Prepaid Expenses	2.19	6.38	6.78	12	12	11
Plant, Property, & Equipment, net	15	31	59	0.00	59	43
Total Noncurrent Assets	0.34	2.94	21	128	73	66
Intangible Assets	0.19	0.17	0.23	0.42	0.36	0.30
Other Noncurrent Operating Assets	0.15	2.78	20	128	72	66
Total Liabilities & Shareholders' Equity	73	87	225	236	227	209
Total Liabilities	46	82	129	189	178	141
Total Current Liabilities	34	59	62	84	75	76
Short-Term Debt	1.34	12	2.14	2.30	2.05	2.40
Accounts Payable	12	17	12	34	39	35
Accrued Expenses	16	22	37	35	28	32
Current Deferred Revenue	4.62	7.33	9.51	11	3.92	4.03
Other Current Liabilities	-	0.00	1.46	2.31	2.54	2.49
Total Noncurrent Liabilities	13	178	67	105	103	65
Long-Term Debt	12	23	47	69	63	32
Other Noncurrent Operating Liabilities	0.00	155	20	36	40	33
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	26	-149	96	47	49	68
Total Preferred & Common Equity	26	-149	26	13	13	46
Preferred Stock	129	0.00	0.00	0.00	0.00	0.00
Total Common Equity	-103	-149	26	13	13	46
Common Stock	-103	-129	130	134	137	181
Retained Earnings	-	-20	-104	-120	-123	-135
Noncontrolling Interest	-	0.00	70	33	36	22

This table presents BRC'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 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	208	246	265	240	227	230	234	223	225	222	217
Total Current Assets	144	156	167	138	97	99	103	95	106	109	112
Cash & Equivalents	71	26	20	6.67	4.00	9.64	7.34	3.90	4.30	9.48	9.97
Accounts Receivable	23	19	24	25	25	26	29	27	30	30	36
Inventories, net	41	103	110	91	50	45	50	50	49	53	51
Prepaid Expenses	9.00	7.86	8.85	14	16	19	16	14	20	11	15
Plant, Property, & Equipment, net	48	64	64	65	66	65	65	57	0.00	47	41
Total Noncurrent Assets	16	26	39	37	64	65	66	71	119	67	64
Intangible Assets	0.23	0.27	0.40	0.38	0.40	0.39	0.37	0.34	0.33	0.31	0.29
Other Noncurrent Operating Assets	16	26	38	36	64	65	66	71	119	67	64
Total Liabilities & Shareholders' Equity	208	246	265	240	227	230	234	223	225	222	217
Total Liabilities	94	165	196	180	177	178	180	179	190	148	146
Total Current Liabilities	61	85	85	74	91	93	91	73	82	81	82
Short-Term Debt	16	2.17	2.08	1.90	9.78	14	16	2.30	2.55	2.15	2.00
Accounts Payable	4.58	41	37	26	40	34	31	34	35	35	41
Accrued Expenses	31	30	32	33	31	37	36	31	38	37	34
Current Deferred Revenue	8.62	9.35	10	10	7.56	5.59	4.87	3.81	3.77	4.67	3.29
Other Current Liabilities	1.22	1.72	2.06	2.48	2.27	2.23	2.21	2.45	2.52	2.47	2.51
Total Noncurrent Liabilities	32	80	110	106	86	85	90	105	107	67	64
Long-Term Debt	17	54	76	70	52	52	49	66	70	33	33
Other Noncurrent Operating Liabilities	15	26	34	36	34	32	40	39	37	34	32
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	114	81	69	59	51	52	54	44	36	74	71
Total Preferred & Common Equity	30	24	22	21	15	15	15	11	10	48	47
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	30	24	22	21	15	15	15	11	10	48	47
Common Stock	129	132	135	137	135	135	135	137	142	180	182
Retained Earnings	-99	-109	-113	-116	-120	-120	-121	-126	-132	-132	-135
Noncontrolling Interest	84	58	47	38	36	37	39	33	26	26	24

This table displays calculated financial ratios and metrics derived from BRC's official financial filings.

Metric	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	0.00	0.00	-	-	-	-	248,499,880.00
DEI Adjusted Shares Outstanding	0.00	0.00	-	-	-	-	248,499,880.00
DEI Earnings Per Adjusted Shares Outstanding	0.00	0.00	-	-	-	-	-0.05
Growth Metrics	-	-	-	-	-	-	-
Revenue Growth	0.00%	99.58%	42.21%	29.26%	31.30%	-1.04%	1.73%
EBITDA Growth	0.00%	477.82%	-218.69%	-3,853.99%	87.21%	135.62%	-174.96%
EBIT Growth	0.00%	22,312.00%	-309.51%	-2,788.81%	85.06%	107.67%	-739.22%
NOPAT Growth	0.00%	6,925.98%	-246.23%	-485.21%	25.90%	107.66%	-739.22%
Net Income Growth	0.00%	659.72%	-420.41%	-2,341.63%	83.22%	86.51%	-321.43%
EPS Growth	0.00%	0.00%	0.00%	0.00%	83.33%	85.19%	-225.00%
Operating Cash Flow Growth	0.00%	178.62%	-166.61%	-1,410.73%	78.51%	145.29%	-186.75%
Free Cash Flow Firm Growth	0.00%	0.00%	15,349.64%	-321.26%	88.60%	95.50%	-435.13%
Invested Capital Growth	0.00%	0.00%	-2,922.98%	179.89%	-2.36%	4.02%	-8.69%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	0.00%	7.04%	-3.40%	1.75%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	0.00%	15.81%	254.83%	-75.59%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	12.43%	160.99%	-24.67%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	12.41%	160.98%	-24.67%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	0.00%	9.56%	48.84%	-6.28%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	-68.75%	50.00%	7.14%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	0.00%	-52.87%	67.82%	-53.91%	-1,018.54%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	-118.17%	-189.18%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	0.00%	-15.99%	-2.76%	-1.32%
Profitability Metrics	-	-	-	-	-	-	-
Gross Margin	43.47%	42.35%	38.48%	32.92%	31.71%	41.17%	34.64%
EBITDA Margin	1.49%	4.31%	-3.60%	-109.98%	-10.71%	3.86%	-2.84%
Operating Margin	-0.14%	3.53%	-4.97%	-22.49%	-12.69%	0.98%	-6.18%
EBIT Margin	-0.03%	3.39%	-4.99%	-111.54%	-12.69%	0.98%	-6.18%
Profit (Net Income) Margin	-0.94%	2.64%	-5.94%	-112.19%	-14.34%	-1.95%	-8.09%
Tax Burden Percent	101.85%	95.89%	101.30%	100.11%	100.33%	102.30%	100.41%
Interest Burden Percent	3,032.00%	81.15%	117.47%	100.47%	112.61%	-194.31%	130.52%
Effective Tax Rate	0.00%	4.11%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	235.61%	0.00%	0.00%	-33.52%	2.55%	-16.70%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	247.03%	0.00%	0.00%	-97.66%	-15.38%	-50.58%
Return on Net Nonoperating Assets (RNNOA)	0.00%	-202.50%	0.00%	0.00%	-46.11%	-18.48%	-38.16%
Return on Equity (ROE)	0.00%	33.10%	22.44%	1,262.42%	-79.63%	-15.93%	-54.86%
Cash Return on Invested Capital (CROIC)	0.00%	35.61%	0.00%	-269.88%	-31.13%	-1.39%	-7.62%
Operating Return on Assets (OROA)	0.00%	7.65%	-14.58%	-215.15%	-21.77%	1.66%	-11.27%
Return on Assets (ROA)	0.00%	5.96%	-17.35%	-216.41%	-24.60%	-3.30%	-14.77%
Return on Common Equity (ROCE)	0.00%	-130.46%	45.90%	2,915.78%	-21.84%	-4.39%	-27.46%
Return on Equity Simple (ROE_SIMPLE)	0.00%	16.55%	9.26%	-1,310.45%	-427.37%	-58.06%	0.00%
Net Operating Profit after Tax (NOPAT)	-0.08	5.54	-8.11	-47	-35	2.69	-17
NOPAT Margin	-0.10%	3.38%	-3.48%	-15.74%	-8.88%	0.69%	-4.32%
Net Nonoperating Expense Percent (NNEP)	0.00%	-11.42%	-242.69%	2,165.50%	64.13%	17.93%	33.88%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-32.69%	-29.91%	2.35%	-16.76%
Cost of Revenue to Revenue	72.51%	72.41%	78.15%	88.42%	86.25%	74.77%	79.61%
SG&A Expenses to Revenue	11.38%	8.49%	11.22%	21.40%	18.10%	12.98%	13.74%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	27.63%	24.06%	26.82%	34.07%	26.44%	24.24%	26.57%
Earnings before Interest and Taxes (EBIT)	-0.03	5.55	-12	-336	-50	3.85	-25
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1.22	7.06	-8.38	-331	-42	15	-11
Valuation Ratios	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	50.11	58.00	51.19	6.04
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	50.55	59.89	52.63	6.08
Price to Revenue (P/Rev)	0.00	0.00	0.00	4.29	1.95	1.72	0.69
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	12.94	8.30	7.14	3.34
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00	4.56	2.17	1.96	0.83
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	50.93	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	199.84	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	285.48	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	68.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-
Debt to Equity	0.00	0.55	-0.23	0.51	1.53	1.31	0.51
Long-Term Debt to Equity	0.00	0.49	-0.15	0.49	1.48	1.27	0.48
Financial Leverage	0.00	-0.82	0.04	-0.50	0.47	1.20	0.75
Leverage Ratio	0.00	2.78	-1.29	-5.83	3.24	4.82	3.72
Compound Leverage Factor	0.00	2.25	-1.52	-5.86	3.65	-9.37	4.85
Debt to Total Capital	0.00%	35.28%	-30.57%	33.88%	60.42%	56.80%	33.79%
Short-Term Debt to Total Capital	0.00%	3.31%	-10.54%	1.48%	1.95%	1.79%	2.34%
Long-Term Debt to Total Capital	0.00%	31.97%	-20.04%	32.40%	58.47%	55.01%	31.45%
Preferred Equity to Total Capital	0.00%	319.76%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	48.34%	28.28%	31.70%	21.77%
Common Equity to Total Capital	0.00%	-255.05%	130.57%	17.78%	11.29%	11.50%	44.44%
Debt to EBITDA	0.00	2.02	-4.18	-0.15	-1.68	4.31	-3.07
Net Debt to EBITDA	0.00	-3.03	-1.99	-0.03	-1.35	3.86	-2.68
Long-Term Debt to EBITDA	0.00	1.83	-2.74	-0.14	-1.62	4.17	-2.86
Debt to NOPAT	0.00	2.57	-4.32	-1.04	-2.02	24.16	-2.02
Net Debt to NOPAT	0.00	-3.86	-2.06	-0.21	-1.62	21.63	-1.76
Long-Term Debt to NOPAT	0.00	2.33	-2.83	-0.99	-1.95	23.40	-1.88
Altman Z-Score	0.00	0.00	0.00	2.21	2.82	3.40	1.92
Noncontrolling Interest Sharing Ratio	0.00%	494.09%	-104.54%	-130.97%	72.57%	72.45%	49.94%
Liquidity Ratios	-	-	-	-	-	-	-
Current Ratio	0.00	1.70	0.90	2.34	1.28	1.27	1.32
Quick Ratio	0.00	1.16	0.44	0.99	0.45	0.54	0.52
Cash Flow Metrics	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	0.84	129	-286	-33	-1.47	-7.86
Operating Cash Flow to CapEx	397.32%	118.30%	-39.88%	-382.15%	-116.08%	146.61%	0.00%
Free Cash Flow to Firm to Interest Expense	0.00	0.80	63.66	-179.76	-5.16	-0.13	-1.05
Operating Cash Flow to Interest Expense	5.65	11.03	-3.78	-72.94	-3.94	1.00	-1.31
Operating Cash Flow Less CapEx to Interest Expense	4.23	1.71	-13.27	-92.02	-7.34	0.32	-1.12
Efficiency Ratios	-	-	-	-	-	-	-
Asset Turnover	0.00	2.26	2.92	1.93	1.72	1.69	1.82
Accounts Receivable Turnover	0.00	45.17	42.11	20.24	16.64	13.31	11.60
Inventory Turnover	0.00	7.40	9.87	5.43	5.11	5.91	6.87
Fixed Asset Turnover	0.00	11.14	10.17	6.65	0.00	0.00	7.80
Accounts Payable Turnover	0.00	10.30	12.60	17.87	14.84	8.09	8.62
Days Sales Outstanding (DSO)	0.00	8.08	8.67	18.04	21.93	27.42	31.46
Days Inventory Outstanding (DIO)	0.00	49.33	36.98	67.17	71.48	61.79	53.16
Days Payable Outstanding (DPO)	0.00	35.45	28.97	20.42	24.60	45.13	42.33
Cash Conversion Cycle (CCC)	0.00	21.96	16.68	64.78	68.81	44.08	42.29
Capital & Investment Metrics	-	-	-	-	-	-	-
Invested Capital	0.00	4.71	-133	106	104	108	98
Invested Capital Turnover	0.00	69.67	-3.64	-22.56	3.77	3.70	3.86
Increase / (Decrease) in Invested Capital	0.00	4.71	-138	239	-2.51	4.16	-9.36
Enterprise Value (EV)	0.00	0.00	0.00	1,373	860	769	329
Market Capitalization	0.00	0.00	0.00	1,293	770	674	276
Book Value per Share	$0.00	$0.00	($0.77)	$0.12	$0.06	$0.06	$0.18
Tangible Book Value per Share	$0.00	$0.00	($0.77)	$0.12	$0.06	$0.06	$0.18
Total Capital	0.00	40	-114	145	118	115	103
Total Debt	0.00	14	35	49	71	65	35
Total Long-Term Debt	0.00	13	23	47	69	63	32
Net Debt	0.00	-21	17	10	57	58	30
Capital Expenditures (CapEx)	1.04	9.76	19	30	22	7.71	-1.42
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	-11	-12	46	12	15	22
Debt-free Net Working Capital (DFNWC)	0.00	25	6.07	85	26	22	27
Net Working Capital (NWC)	0.00	24	-5.99	83	24	20	24
Net Nonoperating Expense (NNE)	0.69	1.22	5.74	291	22	10	15
Net Nonoperating Obligations (NNO)	0.00	-21	17	10	57	58	30
Total Depreciation and Amortization (D&A)	1.25	1.51	3.25	4.70	7.81	11	13
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	-6.56%	-5.26%	15.35%	3.04%	3.96%	5.60%
Debt-free Net Working Capital to Revenue	0.00%	15.18%	2.60%	28.29%	6.55%	5.70%	6.69%
Net Working Capital to Revenue	0.00%	14.37%	-2.57%	27.58%	5.97%	5.17%	6.08%
Earnings Adjustments	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00	($1.62)	($0.27)	($0.04)	($0.13)
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	194.43M	51.25M	60.93M	71.11M	95.21M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	($1.62)	($0.27)	($0.04)	($0.13)
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	194.43M	51.25M	60.93M	71.11M	95.21M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	194.43M	211.56M	212.15M	213.04M	248.70M
Normalized Net Operating Profit after Tax (NOPAT)	-0.08	5.54	-8.11	-47	-35	2.69	-17
Normalized NOPAT Margin	-0.10%	3.38%	-3.48%	-15.74%	-8.88%	0.69%	-4.32%
Pre Tax Income Margin	-0.92%	2.75%	-5.86%	-112.07%	-14.29%	-1.91%	-8.06%
Debt Service Ratios	-	-	-	-	-	-	-
EBIT to Interest Expense	-0.03	5.30	-5.72	-210.98	-7.93	0.34	-3.28
NOPAT to Interest Expense	-0.11	5.29	-3.99	-29.78	-5.55	0.24	-2.29
EBIT Less CapEx to Interest Expense	-1.46	-4.02	-15.21	-230.06	-11.33	-0.34	-3.09
NOPAT Less CapEx to Interest Expense	-1.53	-4.03	-13.47	-48.86	-8.95	-0.44	-2.11
Payout Ratios	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	-50.57%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	-50.57%	-5.96%	0.00%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from BRC's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	213,042,989.00	213,221,038.00	248,225,050.00	248,499,880.00	248,700,156.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	213,042,989.00	213,221,038.00	248,225,050.00	248,499,880.00	248,700,156.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-0.01	-0.03	0.00	-0.01	0.00
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	33.17%	27.81%	17.85%	-3.19%	-2.32%	-11.51%	-8.56%	6.54%	2.55%	6.48%	21.40%
EBITDA Growth	66.32%	43.95%	143.90%	130.14%	183.33%	106.83%	-138.84%	-328.97%	-5.50%	-703.03%	244.94%
EBIT Growth	54.41%	36.59%	123.34%	107.08%	115.59%	82.26%	-237.35%	-1,390.80%	-53.16%	-222.18%	124.28%
NOPAT Growth	55.27%	36.54%	131.98%	107.16%	115.83%	82.26%	-198.68%	-1,390.80%	-53.16%	-222.18%	120.20%
Net Income Growth	33.59%	29.93%	110.71%	90.63%	86.94%	52.03%	-522.97%	-956.19%	11.38%	-28.31%	100.59%
EPS Growth	37.50%	-275.00%	112.50%	85.71%	80.00%	57.14%	-500.00%	-600.00%	100.00%	33.33%	100.00%
Operating Cash Flow Growth	100.40%	141.36%	131.92%	109.17%	1,872.45%	-85.95%	-184.27%	-244.60%	229.49%	-502.91%	263.34%
Free Cash Flow Firm Growth	41.60%	0.00%	107.21%	126.25%	125.87%	7.18%	-170.35%	-119.40%	-13.68%	177.58%	331.12%
Invested Capital Growth	60.35%	-2.36%	-4.54%	-16.11%	-10.13%	4.02%	2.32%	-4.28%	-10.01%	-8.69%	-12.59%
Revenue Q/Q Growth	9.34%	19.01%	-17.77%	-9.53%	10.32%	7.81%	-15.02%	5.40%	6.19%	11.94%	-3.12%
EBITDA Q/Q Growth	59.85%	-107.82%	165.70%	-45.03%	11.02%	-82.97%	-473.74%	-224.09%	145.82%	-208.66%	189.83%
EBIT Q/Q Growth	48.66%	-74.06%	132.03%	-75.27%	13.09%	-298.10%	-147.92%	-132.40%	104.10%	-1,462.74%	118.69%
NOPAT Q/Q Growth	48.86%	-76.77%	144.58%	-82.23%	13.09%	-298.10%	-147.92%	-132.40%	104.10%	-1,462.74%	115.54%
Net Income Q/Q Growth	27.08%	-31.25%	113.22%	-174.07%	-1.67%	-381.96%	-16.53%	-84.96%	91.47%	-597.82%	100.53%
EPS Q/Q Growth	28.57%	-40.00%	114.29%	-200.00%	0.00%	-200.00%	-33.33%	-75.00%	100.00%	0.00%	100.00%
Operating Cash Flow Q/Q Growth	100.39%	15,606.12%	-77.69%	-53.24%	-15.88%	11.90%	-291.45%	19.75%	291.66%	-236.83%	177.61%
Free Cash Flow Firm Q/Q Growth	37.52%	88.04%	245.87%	141.69%	-38.42%	-142.92%	-10.14%	33.36%	374.01%	-61.43%	228.13%
Invested Capital Q/Q Growth	-4.82%	-15.99%	2.90%	1.97%	1.96%	-2.76%	1.20%	-4.61%	-4.14%	-1.32%	-3.13%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	33.88%	26.47%	42.87%	41.86%	42.10%	38.14%	36.09%	33.92%	36.89%	32.07%	33.04%
EBITDA Margin	-4.86%	-8.48%	6.78%	4.12%	4.14%	0.65%	-2.88%	-8.85%	3.82%	-3.71%	3.44%
Operating Margin	-6.95%	-10.32%	4.02%	1.10%	1.13%	-2.07%	-6.04%	-13.31%	0.51%	-6.26%	1.21%
EBIT Margin	-7.06%	-10.32%	4.02%	1.10%	1.13%	-2.07%	-6.04%	-13.31%	0.51%	-6.26%	1.21%
Profit (Net Income) Margin	-10.64%	-11.73%	1.89%	-1.54%	-1.42%	-6.36%	-8.72%	-15.30%	-1.23%	-7.66%	0.04%
Tax Burden Percent	100.53%	100.11%	97.43%	103.85%	103.71%	100.33%	100.56%	100.30%	103.69%	100.00%	58.23%
Interest Burden Percent	149.96%	113.54%	48.14%	-135.28%	-121.79%	306.30%	143.63%	114.61%	-230.50%	122.38%	5.99%
Effective Tax Rate	0.00%	0.00%	2.57%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	41.77%
Return on Invested Capital (ROIC)	-17.96%	-27.26%	14.73%	2.63%	2.73%	-5.37%	-15.02%	-34.07%	1.34%	-16.93%	2.87%
ROIC Less NNEP Spread (ROIC-NNEP)	-62.11%	-43.29%	10.10%	-0.89%	-0.86%	-14.38%	-21.70%	-43.16%	-2.53%	-25.28%	1.26%
Return on Net Nonoperating Assets (RNNOA)	-9.39%	-20.44%	6.60%	-0.86%	-0.92%	-17.28%	-27.71%	-61.40%	-1.64%	-19.07%	0.98%
Return on Equity (ROE)	-27.35%	-47.70%	21.34%	1.77%	1.81%	-22.65%	-42.72%	-95.47%	-0.30%	-36.00%	3.85%
Cash Return on Invested Capital (CROIC)	0.00%	-31.13%	-13.99%	9.05%	6.90%	-1.39%	-5.89%	-8.22%	-2.58%	-7.62%	1.21%
Operating Return on Assets (OROA)	-11.65%	-17.71%	6.97%	1.81%	1.93%	-3.50%	-10.28%	-22.75%	0.88%	-11.42%	2.29%
Return on Assets (ROA)	-17.56%	-20.13%	3.27%	-2.54%	-2.44%	-10.75%	-14.84%	-26.15%	-2.11%	-13.98%	0.08%
Return on Common Equity (ROCE)	-8.15%	-13.08%	6.22%	0.54%	0.58%	-6.24%	-11.63%	-27.18%	-0.15%	-18.02%	1.94%
Return on Equity Simple (ROE_SIMPLE)	-291.88%	0.00%	-256.95%	-162.78%	-102.92%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-4.89	-8.64	3.85	0.68	0.77	-1.53	-3.80	-8.84	0.36	-4.94	0.77
NOPAT Margin	-4.86%	-7.22%	3.92%	0.77%	0.79%	-1.45%	-4.23%	-9.32%	0.36%	-4.38%	0.70%
Net Nonoperating Expense Percent (NNEP)	44.15%	16.03%	4.63%	3.53%	3.59%	9.01%	6.69%	9.09%	3.87%	8.34%	1.61%
Return On Investment Capital (ROIC_SIMPLE)	-	-7.36%	-	-	-	-1.34%	-3.37%	-8.16%	0.33%	-4.81%	0.73%
Cost of Revenue to Revenue	79.96%	89.38%	72.64%	77.93%	74.75%	74.13%	78.98%	82.73%	77.40%	79.47%	79.88%
SG&A Expenses to Revenue	19.37%	12.61%	15.60%	12.30%	12.55%	11.53%	13.10%	15.09%	12.86%	13.92%	9.25%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	26.99%	20.94%	23.34%	20.97%	24.13%	27.94%	27.05%	30.59%	22.08%	26.80%	18.91%
Earnings before Interest and Taxes (EBIT)	-7.09	-12	3.96	0.98	1.11	-2.19	-5.43	-13	0.52	-7.06	1.32
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-4.88	-10	6.67	3.67	4.07	0.69	-2.59	-8.39	3.85	-4.18	3.75
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	35.40	58.00	62.15	87.37	50.03	51.19	39.85	27.65	8.07	6.04	4.12
Price to Tangible Book Value (P/TBV)	36.04	59.89	63.91	89.70	51.35	52.63	41.12	28.58	8.12	6.08	4.15
Price to Revenue (P/Rev)	2.06	1.95	2.21	3.19	1.79	1.72	1.16	0.72	0.99	0.69	0.46
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	6.99	8.30	9.38	12.84	7.43	7.14	4.98	3.59	4.40	3.34	2.53
Enterprise Value to Revenue (EV/Rev)	2.33	2.17	2.44	3.42	2.03	1.96	1.42	0.96	1.12	0.83	0.58
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	193.45	50.93	93.02	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	199.84	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	285.48	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	61.46	33.55	68.00	241.07	0.00	411.01	0.00	220.60
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	129.36	101.87	0.00	0.00	0.00	0.00	0.00	194.99
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.21	1.53	1.22	1.27	1.21	1.31	1.56	2.04	0.47	0.51	0.49
Long-Term Debt to Equity	1.18	1.48	1.02	1.01	0.92	1.27	1.50	1.97	0.44	0.48	0.46
Financial Leverage	0.15	0.47	0.65	0.96	1.07	1.20	1.28	1.42	0.65	0.75	0.78
Leverage Ratio	2.57	3.24	3.59	4.07	4.19	4.82	4.75	5.18	3.57	3.72	3.83
Compound Leverage Factor	3.86	3.68	1.73	-5.51	-5.10	14.78	6.82	5.94	-8.23	4.55	0.23
Debt to Total Capital	54.77%	60.42%	54.90%	56.04%	54.78%	56.80%	60.88%	67.09%	32.06%	33.79%	32.85%
Short-Term Debt to Total Capital	1.44%	1.95%	8.73%	11.83%	13.39%	1.79%	2.03%	2.35%	1.97%	2.34%	1.90%
Long-Term Debt to Total Capital	53.33%	58.47%	46.17%	44.21%	41.39%	55.01%	58.85%	64.74%	30.09%	31.45%	30.95%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	28.89%	28.28%	32.06%	31.40%	32.95%	31.70%	29.23%	23.58%	23.99%	21.77%	22.70%
Common Equity to Total Capital	16.35%	11.29%	13.04%	12.56%	12.26%	11.50%	9.89%	9.32%	43.95%	44.44%	44.45%
Debt to EBITDA	-1.43	-1.68	-3.00	-14.15	15.25	4.31	11.78	-11.68	-5.43	-3.07	-6.95
Net Debt to EBITDA	-1.27	-1.35	-2.73	-12.03	13.45	3.86	11.11	-10.99	-3.96	-2.68	-4.95
Long-Term Debt to EBITDA	-1.39	-1.62	-2.52	-11.16	11.52	4.17	11.38	-11.27	-5.10	-2.86	-6.55
Debt to NOPAT	-1.79	-2.02	-3.03	-6.60	-14.69	24.16	-17.74	-5.42	-2.54	-2.02	-2.77
Net Debt to NOPAT	-1.59	-1.62	-2.76	-5.61	-12.96	21.63	-16.73	-5.10	-1.85	-1.76	-1.97
Long-Term Debt to NOPAT	-1.75	-1.95	-2.54	-5.20	-11.10	23.40	-17.14	-5.23	-2.38	-1.88	-2.61
Altman Z-Score	3.62	3.35	4.24	5.48	3.51	3.31	2.46	1.74	2.65	2.20	2.03
Noncontrolling Interest Sharing Ratio	70.21%	72.57%	70.83%	69.45%	68.14%	72.45%	72.78%	71.53%	51.06%	49.94%	49.54%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.86	1.28	1.07	1.07	1.14	1.27	1.30	1.29	1.34	1.32	1.36
Quick Ratio	0.42	0.45	0.32	0.38	0.40	0.54	0.42	0.41	0.49	0.52	0.56
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-51	-6.14	8.92	22	13	-5.70	-6.27	-4.18	11	4.42	14
Operating Cash Flow to CapEx	2.82%	187.43%	183.56%	176.77%	91.22%	133.77%	-353.03%	-341.17%	890.77%	0.00%	1,073.65%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	4.35	0.00	0.00	0.00	-2.65	0.00	0.00	0.00	11.69
Operating Cash Flow to Interest Expense	0.00	0.00	2.40	0.00	0.00	0.00	-1.75	0.00	0.00	0.00	5.45
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	1.09	0.00	0.00	0.00	-2.24	0.00	0.00	0.00	4.95
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.65	1.72	1.74	1.65	1.71	1.69	1.70	1.71	1.72	1.82	1.90
Accounts Receivable Turnover	15.60	16.64	18.64	16.20	15.15	13.31	14.80	14.02	13.19	11.60	13.20
Inventory Turnover	4.77	5.11	4.40	4.25	4.54	5.91	5.80	6.46	5.93	6.87	6.58
Fixed Asset Turnover	6.55	0.00	6.33	6.32	6.26	0.00	6.24	0.00	7.04	7.80	8.53
Accounts Payable Turnover	20.54	14.84	8.34	9.16	11.20	8.09	7.93	8.73	9.20	8.62	8.90
Days Sales Outstanding (DSO)	23.39	21.93	19.59	22.53	24.09	27.42	24.67	26.03	27.67	31.46	27.66
Days Inventory Outstanding (DIO)	76.58	71.48	83.04	85.93	80.45	61.79	62.98	56.54	61.58	53.16	55.48
Days Payable Outstanding (DPO)	17.77	24.60	43.78	39.85	32.59	45.13	46.03	41.83	39.68	42.33	41.02
Cash Conversion Cycle (CCC)	82.20	68.81	58.84	68.61	71.95	44.08	41.62	40.74	49.56	42.29	42.12
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	123	104	107	109	111	108	109	104	100	98	95
Invested Capital Turnover	3.69	3.77	3.76	3.42	3.46	3.70	3.55	3.66	3.72	3.86	4.09
Increase / (Decrease) in Invested Capital	46	-2.51	-5.06	-21	-12	4.16	2.47	-4.66	-11	-9.36	-14
Enterprise Value (EV)	862	860	1,000	1,395	823	769	543	373	439	329	242
Market Capitalization	761	770	908	1,301	727	674	445	279	387	276	193
Book Value per Share	$0.10	$0.06	$0.07	$0.07	$0.07	$0.06	$0.05	$0.05	$0.19	$0.18	$0.19
Tangible Book Value per Share	$0.10	$0.06	$0.07	$0.07	$0.07	$0.06	$0.05	$0.05	$0.19	$0.18	$0.19
Total Capital	131	118	112	119	118	115	113	108	109	103	105
Total Debt	72	71	62	66	65	65	69	73	35	35	35
Total Long-Term Debt	70	69	52	52	49	63	66	70	33	32	33
Net Debt	64	57	56	57	57	58	65	68	26	30	25
Capital Expenditures (CapEx)	3.47	8.21	2.68	1.30	2.12	1.62	1.17	0.97	0.72	-4.28	0.63
Debt-free, Cash-free Net Working Capital (DFCFNWC)	58	12	11	10	21	15	20	22	20	22	22
Debt-free Net Working Capital (DFNWC)	66	26	16	20	28	22	24	27	29	27	32
Net Working Capital (NWC)	64	24	6.27	6.28	12	20	22	24	27	24	30
Net Nonoperating Expense (NNE)	5.80	5.39	2.00	2.06	2.17	5.20	4.04	5.68	1.60	3.70	0.72
Net Nonoperating Obligations (NNO)	64	57	56	57	57	58	65	68	26	30	25
Total Depreciation and Amortization (D&A)	2.21	2.20	2.71	2.69	2.96	2.88	2.84	4.23	3.33	2.88	2.44
Debt-free, Cash-free Net Working Capital to Revenue	15.62%	3.04%	2.58%	2.54%	5.09%	3.96%	5.25%	5.75%	5.09%	5.60%	5.18%
Debt-free Net Working Capital to Revenue	17.82%	6.55%	3.91%	4.98%	6.97%	5.70%	6.27%	6.86%	7.51%	6.69%	7.57%
Net Working Capital to Revenue	17.31%	5.97%	1.53%	1.54%	3.06%	5.17%	5.67%	6.21%	6.96%	6.08%	7.09%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.05)	($0.07)	$0.01	($0.01)	($0.01)	($0.03)	($0.04)	($0.07)	$0.00	($0.02)	$0.00
Adjusted Weighted Average Basic Shares Outstanding	61.96M	60.93M	66.31M	68.21M	72.15M	71.11M	78.41M	79.15M	107.99M	95.21M	115.40M
Adjusted Diluted Earnings per Share	($0.05)	($0.07)	$0.01	($0.01)	($0.01)	($0.03)	($0.04)	($0.07)	$0.00	($0.02)	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	61.96M	60.93M	66.60M	68.21M	72.15M	71.11M	78.41M	79.15M	107.99M	95.21M	115.40M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	212.04M	212.15M	212.31M	212.52M	212.74M	213.04M	213.22M	248.23M	248.50M	248.70M	249.50M
Normalized Net Operating Profit after Tax (NOPAT)	-4.89	-8.64	3.85	0.68	0.77	-1.53	-3.80	-8.84	0.36	-4.94	0.77
Normalized NOPAT Margin	-4.86%	-7.22%	3.92%	0.77%	0.79%	-1.45%	-4.23%	-9.32%	0.36%	-4.38%	0.70%
Pre Tax Income Margin	-10.58%	-11.72%	1.94%	-1.49%	-1.37%	-6.34%	-8.67%	-15.26%	-1.19%	-7.66%	0.07%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	1.93	0.00	0.00	0.00	-2.29	0.00	0.00	0.00	1.06
NOPAT to Interest Expense	0.00	0.00	1.88	0.00	0.00	0.00	-1.60	0.00	0.00	0.00	0.62
EBIT Less CapEx to Interest Expense	0.00	0.00	0.62	0.00	0.00	0.00	-2.79	0.00	0.00	0.00	0.56
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.57	0.00	0.00	0.00	-2.10	0.00	0.00	0.00	0.11
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials Breakdown Chart

Key Financial Trends

BRC Inc. (NYSE: BRCC) showed a major improvement in Q1 2026, but the quarter also highlights that profitability is still fragile and balance sheet leverage remains meaningful. Revenue slipped slightly year over year, yet the company moved back to a tiny net profit and generated solid operating cash flow. Compared with the heavy losses seen in much of 2024 and 2025, that is a step in the right direction.

Q1 2026 revenue was $109.2 million, down modestly from $112.7 million in Q4 2025, but still well above the weakest quarters in 2023 and 2024.
Gross profit held up at $36.1 million, showing the business is still producing healthy contribution margin despite lower sales.
Operating income improved sharply to $1.3 million in Q1 2026 from an operating loss of $7.1 million in Q4 2025.
Net income turned slightly positive at $46,000, versus a loss of $8.6 million in the prior quarter.
Operating cash flow was strong at $6.8 million, which suggests the core business is still generating cash even with low accounting profits.
The company ended Q1 2026 with a positive net change in cash of $5.6 million, improving liquidity in the quarter.
Short-term debt declined to $2.0 million from $2.15 million in Q3 2025, while the company also reduced some working capital pressures versus earlier periods.
Q1 2026 selling, general and administrative expense fell to $10.1 million from $15.7 million in Q4 2025, a clear improvement in cost control.
Marketing spending remained elevated at $10.2 million, so growth investment is still a meaningful part of the cost structure.
The company recorded $1.08 million of cash interest paid in Q1 2026, underscoring that debt service continues to consume cash.
The balance sheet still includes a large amount of noncurrent assets and liabilities tied to the company’s operating structure, which can make the financial picture more complex for retail investors.
Revenue in Q1 2026 was down from $112.7 million in Q4 2025 and only slightly above the same general range seen over the last year, suggesting growth is not yet accelerating.
Cost of revenue remained high at $87.2 million, leaving gross margin positive but not especially wide.
Interest expense is still a major drag; Q1 2026 included $1.24 million of interest expense on the income statement.
Total liabilities were $146.3 million at March 31, 2026, compared with $70.7 million of equity and noncontrolling interests, so leverage remains significant.
Retained earnings stayed deeply negative at $(135.4) million, reflecting years of accumulated losses.
Cash on hand was only $10.0 million at quarter-end, which is not a large cushion relative to the company’s liability load and ongoing interest costs.

Bottom line: BRCC’s Q1 2026 results look better than the loss-making quarters in 2024 and 2025, especially on operating income and cash flow. The turnaround appears to be real at the operational level, but investors should still watch revenue growth, interest burden, and leverage closely before calling it fully fixed.

07/05/26 09:22 PM ETAI Generated. May Contain Errors.

BRC Financials - Frequently Asked Questions

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

BRC's net income appears to be on an upward trend, with a most recent value of -$32.24 million in 2025, rising from -$772 thousand in 2019. The previous period was -$7.65 million in 2024. View BRC's forecast to see where analysts expect BRC to go next.

BRC's total operating income in 2025 was -$24.60 million, based on the following breakdown:

Total Gross Profit: $137.95 million
Total Operating Expenses: $105.80 million

Over the last 6 years, BRC's total revenue changed from $82.13 million in 2019 to $398.26 million in 2025, a change of 384.9%.

BRC's total liabilities were at $141.23 million at the end of 2025, a 20.6% decrease from 2024, and a 204.1% increase since 2020.

In the past 5 years, BRC's cash and equivalents has ranged from $4.33 million in 2025 to $38.99 million in 2022, and is currently $4.33 million as of their latest financial filing in 2025.

Over the last 6 years, BRC's book value per share changed from 0.00 in 2019 to 0.18 in 2025, a change of 18.4%.

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Financial statements for NYSE:BRCC last updated on 7/2/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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BRC (BRCC) Financials

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BRC Financials - Frequently Asked Questions

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BRC (BRCC) Financials

Annual Income Statements for BRC

Quarterly Income Statements for BRC

Annual Cash Flow Statements for BRC

Quarterly Cash Flow Statements for BRC

Annual Balance Sheets for BRC

Quarterly Balance Sheets for BRC

Annual Metrics And Ratios for BRC

Quarterly Metrics And Ratios for BRC

Financials Breakdown Chart

Key Financial Trends

BRC Financials - Frequently Asked Questions

When does BRC's fiscal year end?

How has BRC's net income changed over the last 6 years?

What is BRC's operating income?

How has BRC's revenue changed over the last 6 years?

How much debt does BRC have?

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How has BRC's book value per share changed over the last 6 years?

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