Black Rock Coffee Bar Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Operating Revenue	189.26	160.68	132.96
Other Revenue	0.23	0.24	0.2
Revenue	189.49	160.92	133.16
Revenue Growth (YoY)	42.30%	20.84%	-
Cost of Revenue	96.15	81.62	72.16
Gross Profit	93.34	79.29	61
Selling, General & Admin	79.97	61.04	48.43
Operating Expenses	95.85	74.76	58.96
Operating Income	-2.5	4.53	2.04
Interest Expense	-12.43	-11.77	-11.49
Interest & Investment Income	0.48	0.65	0.54
Other Non Operating Income (Expenses)	-9.07	-1.84	0.57
EBT Excluding Unusual Items	-23.52	-8.42	-8.34
Pretax Income	-22.02	-6.92	-8.34
Income Tax Expense	0.33	0.27	0.36
Earnings From Continuing Operations	-22.35	-7.19	-8.7
Minority Interest in Earnings	17.41	-0.02	-0.12
Net Income	-4.94	-7.21	-8.82
Net Income to Common	-4.94	-7.21	-8.82
Free Cash Flow	-25.61	-8.87	-10.99
Gross Margin	49.26%	49.28%	45.81%
Operating Margin	-1.32%	2.82%	1.53%
Profit Margin	-2.61%	-4.48%	-6.62%
Free Cash Flow Margin	-13.52%	-5.51%	-8.25%
EBITDA	9.39	14.9	10.57
EBITDA Margin	4.95%	9.26%	7.93%
D&A For EBITDA	11.89	10.36	8.52
EBIT	-2.5	4.53	2.04
EBIT Margin	-1.32%	2.82%	1.53%
Revenue as Reported	189.49	160.92	133.16
Advertising Expenses	-	1.9	1.9

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q