Black Rock Coffee Bar Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Revenue	200.32	160.92	133.16
Revenue Growth (YoY)	24.49%	20.84%	-
Cost of Revenue	141.59	115.9	100.28
Gross Profit	58.73	45.02	32.89
Selling, General & Admin	41.32	25.26	20.31
Depreciation & Amortization Expenses	12.2	10.36	8.52
Other Operating Expenses	4.3	3.36	2.01
Total Operating Expenses	57.83	38.98	30.84
Operating Income	0.9	6.03	2.04
Interest Expense	-9.35	-11.12	-10.95
Other Non-Operating Income (Expense)	-7.62	-1.84	0.57
Total Non-Operating Income (Expense)	-16.97	-12.95	-10.38
Pretax Income	-16.06	-6.92	-8.34
Provision for Income Taxes	0.48	0.27	0.36
Net Income	-0.06	-7.21	-8.82
Minority Interest in Earnings	-16.48	0.02	0.12
Net Income to Common	-0.06	-7.21	-8.82
Shares Outstanding (Basic)	17	15	-
Shares Outstanding (Diluted)	17	15	-
Shares Change (YoY)	10.05%	-	-
EPS (Basic)	-	-0.21	-
EPS (Diluted)	-	-0.21	-
Shares Outstanding	17.48	-	-
Free Cash Flow	-32.7	-8.87	-10.99
Free Cash Flow Per Share	-1.92	-0.57	-
Gross Margin	29.32%	27.97%	24.70%
Operating Margin	0.45%	3.75%	1.53%
Profit Margin	-8.26%	-4.47%	-6.53%
FCF Margin	-16.32%	-5.51%	-8.25%
EBITDA	13.1	16.4	10.57
EBITDA Margin	6.54%	10.19%	7.93%
EBIT	0.9	6.03	2.04
EBIT Margin	0.45%	3.75%	1.53%
Effective Tax Rate	-2.96%	-3.90%	-4.28%

Updated Mar 3, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q