Black Rock Coffee Bar, Inc. (NASDAQ:BRCB)
Insiders here have filed 2 Form 4s in the last 90 days, but all of them are share awards, grants or other non-market transactions. Those are compensation, not a decision to buy, so they are not scored.
Profitable, but on a thin margin.
- Revenue
- $223.6M
- Net income
- $1.5M
- Net margin
- 0.7%
Heavily indebted for what it earns.
- Total debt
- $161.7M
- Cash
- $16.0M
- Net debt / EBITDA
- 15.78x
Owes more within a year than it holds to pay it.
- Current assets
- $28.8M
- Current liabilities
- $40.7M
- Current ratio
- 0.71
Roughly cash-neutral.
- Operating cash flow
- $13.0M
- Free cash flow
- -$7.1M
- FCF margin
- -3.2%
Heavy dilution — shareholders are paying for the business.
- Shares outstanding
- 19.4M
- Share growth (1y)
- 31.0%
Five pillars — profitability, leverage, liquidity, cash generation, dilution & runway — each scored 0–20 from the company’s own income statement, balance sheet and cash-flow statement, then scaled to 100. A pillar the statements cannot answer is left out rather than guessed; fewer than three and no score is shown.
BRCB Income Statement
| Fiscal Period | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|---|---|
| Period Ending | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 |
| Revenue | 63.00 M | 55.45 M | 53.64 M | 51.47 M | 47.61 M | 47.61 M |
| Revenue Growth (YoY) | 32.33 % | 16.48 % | 25.29 % | 24.15 % | 24.22 % | — |
| Cost of Revenue | 35.27 M | 42.45 M | 37.84 M | 36.18 M | 27.38 M | 27.38 M |
| Gross Profit | 27.73 M | 13.01 M | 15.80 M | 15.28 M | 20.22 M | 20.22 M |
| SG&A Expense | 9.87 M | 9.17 M | 9.43 M | 17.16 M | 14.55 M | 14.55 M |
| R&D Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 23.63 M | 9.17 M | 12.77 M | 20.19 M | 17.47 M | 17.47 M |
| Operating Income | 4.10 M | 3.83 M | 3.03 M | -4.90 M | 2.76 M | 2.76 M |
| Pretax Income | 3.32 M | 1.90 M | 1.80 M | -16.14 M | -861.50 K | -861.50 K |
| Tax Provision | 101.00 K | 103.00 K | 222.00 K | 31.00 K | 111.00 K | 111.00 K |
| Net Income | 1.22 M | 378.00 K | 652.00 K | -712.00 K | 972.50 K | -972.50 K |
| EPS (Basic) | 0.06 | 0.02 | 0.04 | -0.05 | 0.07 | -0.07 |
| EPS (Diluted) | 0.06 | 0.02 | 0.04 | -0.05 | 0.07 | -0.07 |
| Shares Outstanding | 19.40 M | 17.56 M | 17.48 M | 14.81 M | 14.81 M | 15.04 M |
Quarterly figures; YoY compares the same fiscal quarter a year earlier. Source: public market data.