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 2025	FY 2024	FY 2023
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Revenue	210.96	200.32	160.92	133.16
Revenue Growth (YoY)	26.01%	24.49%	20.84%	-
Cost of Revenue	148.5	141.59	115.9	100.28
Gross Profit	62.45	58.73	45.02	32.89
Selling, General & Admin	43.69	41.32	25.26	20.31
Depreciation & Amortization Expenses	12.77	12.2	10.36	8.52
Other Operating Expenses	4.67	4.3	3.36	2.01
Total Operating Expenses	61.13	57.83	38.98	30.84
Operating Income	1.33	0.9	6.03	2.04
Interest Expense	-6.73	-9.35	-11.12	-10.95
Other Non-Operating Income (Expense)	-7.95	-7.62	-1.84	0.57
Total Non-Operating Income (Expense)	-14.68	-16.97	-12.95	-10.38
Pretax Income	-13.36	-16.06	-6.92	-8.34
Provision for Income Taxes	0.5	0.48	0.27	0.36
Net Income	-1.63	-0.06	-7.21	-8.82
Minority Interest in Earnings	-13.11	-16.48	0.02	0.12
Net Income to Common	-1.63	-0.06	-7.21	-8.82
Shares Outstanding (Basic)	18	17	15	-
Shares Outstanding (Diluted)	18	17	15	-
Shares Change (YoY)	-	10.05%	-	-
EPS (Basic)	-0.09	-	-0.21	-
EPS (Diluted)	-0.09	-	-0.21	-
Shares Outstanding	18.02	17.48	-	-
Free Cash Flow	-	-32.7	-8.87	-10.99
Free Cash Flow Per Share	-	-1.92	-0.57	-
Gross Margin	29.61%	29.32%	27.97%	24.70%
Operating Margin	0.63%	0.45%	3.75%	1.53%
Profit Margin	-6.57%	-8.26%	-4.47%	-6.53%
FCF Margin	-	-16.32%	-5.51%	-8.25%
EBITDA	1.33	13.1	16.4	10.57
EBITDA Margin	0.63%	6.54%	10.19%	7.93%
EBIT	1.33	0.9	6.03	2.04
EBIT Margin	0.63%	0.45%	3.75%	1.53%
Effective Tax Rate	-3.74%	-2.96%	-3.90%	-4.28%

SEC Filings: 10-K · 10-Q