BRCB Black Rock Coffee Bar, Inc.

Overview and Growth

In fiscal 2025, Black Rock Coffee Bar, Inc. recorded $200.32M of revenue, net loss of $60.00K, and an operating cash inflow of $2.19M. The $200.32M revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. Revenue was 24.5% above fiscal 2024 revenue of $160.92M, marking a year-over-year increase. Diluted earnings per share were $0.00, translating the period’s attributable earnings into the amount reported for each diluted share. The company employed $336.44M of total assets, the balance-sheet base supporting its current operating and cash-flow results. Revenue equaled 0.6x of total assets, indicating how much reported top-line activity the company produced relative to its period-end asset base.

Profitability

Gross profit was $58.73M, representing the portion of revenue remaining after the reported cost of revenue and before operating expenses. Gross profit represented 29.3% of revenue, showing how much of the top line remained after direct costs. Operating income was $901.00K, the earnings remaining from reported operations after the company’s recognized operating cost structure. Operating margin measured 0.4%, showing the portion of revenue preserved after the full set of operating costs. After all below-operating-line items, the company recorded a net loss of $60.00K for the fiscal year. The net loss equaled 0.0% of revenue, showing the bottom-line deficit relative to the company’s sales base. The company reported a pretax loss of $16.06M, before the effect of income taxes. Measured against revenue, the pretax deficit represented 8.0%. Income tax expense totaled $475.00K, providing the reported tax component that separates pretax and after-tax earnings. Relative to period-end equity, the net loss represented 0.1%. The net loss equaled 0.0% of period-end assets, showing the deficit relative to the asset base. Compared with a $7.21M net loss in fiscal 2024, the current loss improved to $60.00K.

Liquidity and Capital Structure

Total assets were $336.44M, supported by $231.73M of liabilities and $104.71M of shareholder equity. The near-term balance sheet paired $40.12M of current assets with $38.58M of current liabilities at the reporting date. At 1.04x, the current ratio shows that short-term assets were greater than short-term liabilities at period end. Reported cash and equivalents were $28.41M, separating immediately recognizable cash resources from the rest of the current-asset base. Cash and equivalents represented 73.6% of current liabilities, showing the portion of near-term obligations matched by reported cash alone. The company carried $26.75M of total debt at period end, which frames its leverage and debt-service burden. Against book equity, debt measured 0.26x, placing the company’s financial leverage in clear balance-sheet terms. The debt-to-assets relationship was 8.0%, comparing borrowing with the total asset balance. Equity equaled 31.1% of assets, showing the shareholder-capital layer within the company’s balance sheet. The liabilities-to-assets relationship was 68.9%, placing reported obligations against the full positive asset balance. Measured against total assets, cash and equivalents represented 8.4%, a balance-sheet composition measure rather than a liquidity forecast. The asset base changed 58.0% from $212.91M in fiscal 2024, leaving current total assets higher year over year. Compared with $10.23M in fiscal 2024, the current cash balance moved 177.8% and finished higher.

Cash Flow and Earnings Quality

The company reported $2.19M of operating cash flow, a cash inflow that shows the cash generated by operations. Capital expenditures used $34.88M, identifying the reported investment outflow deducted from operating cash flow in the free-cash-flow calculation. The company recorded a $32.70M cash deficit after capital spending for the period. Free-cash-flow margin was -16.3%, reflecting a cash deficit equal to 16.3% of revenue after capital spending. The free-cash-flow deficit equaled 9.7% of total assets, placing the cash shortfall against the company’s resource base.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Sep 24, 2026.