BRCB
Black Rock Coffee Bar, Inc.21.18
-1.17-5.23%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
370.19MP/E (TTM)
-Basic EPS (TTM)
-1.02Dividend Yield
0%Recent Filings
10-K
FY2025 results
Black Rock Coffee Bar grew total revenue 24.5% to $200.3M in FY2025 ended December 31, 2025, fueled by 32 net new stores and 10.1% same-store sales growth from traffic and menu pricing. Store-Level Profit Margin expanded to 29.2% on efficiencies, though operating margin slipped to 0.4% amid $11.6M IPO costs and one-time charges like $5.3M related-party note forgiveness. Q4 digital sales hit 16% of revenue, loyalty drove 63% of sales. Post-IPO, $19.9M term debt at 6.61% with $25M revolver available; plans 36 stores in 2026. Food safety issues could hit brand momentum.
8-K
Q4 revenue surges 25.3%
Black Rock Coffee Bar posted Q4 revenue of $53.6M, up 25.3% year-over-year, with 9.3% same-store sales growth and 12 new stores opened. Adjusted EBITDA climbed 52.4% to $6.5M while store-level profit margin hit 29.4%. Two board directors resigned amicably on February 25. For 2026, it eyes 36 store openings and $255-257M revenue. Momentum builds.
8-K
Q3 revenue surges 24%, 11 stores added
Black Rock Coffee Bar posted Q3 revenue of $51.5 million, up 24.2% year-over-year, fueled by 10.8% same-store sales growth and 11 new stores. Store-level profit hit $15.2 million at 29.6% margin, while Adjusted EBITDA rose 35% to $6.9 million despite IPO costs driving a net loss. New units outperform. Full-year outlook: 30 stores, $199-200M revenue, high-single-digit comps, $26.5-27M Adjusted EBITDA.
10-Q
Q3 FY2025 results
Black Rock Coffee Bar drove store revenue up 24.2% y/y to $51.4M in Q3 FY2025 ended September 30, fueled by 25 net new stores and 10.8% same-store sales growth (derived), while store-level margins expanded 1.5pp to 29.6% on pricing and efficiencies. Yet operating losses swung to $(6.4)M from $3.1M profit, hit by $9.0M IPO costs and $6.9M other expenses including debt refinancing and related-party note forgiveness; net loss hit $(16.2)M vs $(0.7)M prior year, with the gap to operating loss from interest and one-offs. Cash swelled to $32.6M post-IPO, refinancing prior $113.2M debt into $20.0M term loan (6.75% rate, matures 2030) plus $25.0M revolver availability. New stores take time to ramp. Supply reliance on few vendors risks disruptions.
8-K
IPO closes; debt refinanced
Black Rock Coffee Bar completed its IPO on September 15, 2025, selling 16.9M Class A shares at $20 for $338.2M gross proceeds. OpCo refinanced prior debt with a $75M JPMorgan facility—$50M term loan drawn, $25M revolver—maturing September 2030, secured by all assets with leverage and coverage covenants. Up-C structure issued Class B/C shares to pre-IPO owners; key governance agreements executed.
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