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BRCB

Black Rock Coffee Bar, Inc. Class A Common Stock

BRCB

Black Rock Coffee Bar, Inc. Class A Common Stock • NASDAQ
$22.75 ▲ 2.66% (+0.59)
Market Cap $397.63 M
52w High $30.40
52w Low $19.32
Dividend Yield 0%
P/E -22.3
Volume 174.35K
Outstanding Shares 17.48M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $51.468M $21.691M $-712K -1.383% $-0.05 $-10.243M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $32.646M ▼ $323.196M ▲ $222.838M ▼ $100.358M ▲
Q2-2025 $36.357M ▲ $296.619M ▲ $225.898M ▼ $30.538M ▲
Q4-2024 $10.227M $212.912M $229.573M $-16.661M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow

Five-Year Company Overview

Income Statement

Income Statement Black Rock Coffee Bar looks like a young, growth‑stage company that is still finding its financial footing. Sales have been climbing at a healthy pace, and the business is now roughly at break‑even at the operating and net income level rather than clearly loss‑making as before. That said, earnings per share remain negative, which means the company has not yet proven it can consistently turn its growing revenue into real profits for shareholders. The improving trend is encouraging, but the income statement still reflects an early expansion story rather than a mature, profit‑heavy operation.

Balance Sheet

Balance Sheet The balance sheet shows a business that is building up its asset base but leaning heavily on borrowing to do it. Total assets have crept higher, yet cash on hand is thin and debt has risen meaningfully. Reported equity is essentially flat at a very low level, which suggests there is only a small financial cushion if results disappoint or expansion slows. In simple terms, the company appears fairly leveraged and reliant on lenders or outside capital to support its growth, leaving less margin for error than a more conservatively financed peer.

Cash Flow

Cash Flow Cash coming in from day‑to‑day operations has been slightly positive, which is a good sign for a young retailer. However, the company is spending more on new stores and equipment than it is generating from operations, leading to consistently negative free cash flow. This points to an aggressive investment phase where expansion is being funded by sources other than internally generated cash, most likely additional debt or equity. The key question over time is whether new locations can ramp fast enough to eventually cover these investment outflows and reduce the need for external funding.

Competitive Edge

Competitive Edge Black Rock competes in a very crowded coffee market dominated by large national chains and countless local shops, yet it has carved out a clear identity. Its edge comes less from unique technology and more from its culture: intense focus on hospitality, community involvement, and a distinctive menu with signature drinks and proprietary energy beverages. The company‑owned model helps maintain a consistent experience across locations, which can strengthen the brand. The flip side is that going up against much larger rivals on real estate, marketing, and labor is challenging, and scaling a people‑centric, high‑touch service model nationwide is difficult. The moat is real but largely tied to execution, employee culture, and local loyalty.

Innovation and R&D

Innovation and R&D Innovation at Black Rock is mainly about service design and operations rather than traditional research and development. The company experiments with store formats that are cheaper and faster to roll out, uses data‑driven tools to pick locations, and relies on scheduling and workflow software to keep stores efficient and staff focused on customers. Its product innovation shows up in differentiated drinks and an expanding energy beverage line, while planned roasting and bakery facilities point toward more vertical integration and control over quality. None of this is high‑tech in the classic sense, but it does reflect a continuous improvement mindset aimed at making the guest experience more memorable and the store model more scalable.

Summary

Overall, Black Rock Coffee Bar looks like a rapidly expanding, culture‑driven coffee chain that is transitioning from a small regional player toward a larger national concept. The financials tell a story of strong top‑line growth, improving but still fragile profitability, and a balance sheet that leans on debt to fund new locations. Cash flows confirm that the company is firmly in investment mode, with new store spending outpacing internally generated cash. Competitively, its strengths lie in brand personality, community engagement, and a distinctive menu rather than in technology or price. The main things to watch going forward are whether new stores sustain the same unit economics and customer experience, how quickly margins improve as the base grows, and how management balances its ambitious expansion plans with the realities of leverage and funding needs.

NEWS

November 25, 2025 · 8:00 AM UTC

Black Rock Coffee Bar Announces Participation in the Morgan Stanley Global Consumer & Retail Conference

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November 18, 2025 · 11:47 AM UTC

Black Rock Coffee Bar Expands Footprint in San Diego Metro with Mission Bay Location

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November 11, 2025 · 4:05 PM UTC

Black Rock Coffee Bar, Inc. Reports Third Quarter 2025 Results

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October 22, 2025 · 8:00 AM UTC

Black Rock Coffee Bar Announces Third Quarter 2025 Conference Call

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October 1, 2025 · 10:00 AM UTC

Black Rock Coffee Bar Expands Footprint in Denver with Northglenn Location

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