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MARKETS / NASDAQ / BRCB
NASDAQ · RETAIL-EATING & DRINKING PLACES · SMALL CAP

Black Rock Coffee Bar, Inc. BRCB

3 fiscal years on record · USD · FY2025 reported · SEC filings only
$200.3M
▲ 24.5% YoY
$-60,000
$-32.7M
In brief

What this company does

Black Rock Coffee Bar operates drive-thru coffee bars that offer caffeinated beverages together with in-store service from baristas. As of December 31, 2025, the company operated 181 locations spanning seven states, from the Pacific Northwest to Texas. Every location includes a drive-thru, and approximately 73% of locations also include lobbies, as of December 31, 2025. As of December 31, 2025, the company employed approximately 2,800 team members across its stores, roasting facilities and corporate office. Fuel, the company's proprietary energy drink line sold in Iced and Frozen formats, and Frozen Fuel together accounted for approximately 24% of total revenue for the year ended December 31, 2025. The company roasts coffee at centralized facilities in Tempe, Arizona and Vancouver, Washington. Black Rock Coffee Bar was founded in 2008 in Beaverton, Oregon, by co-founders Daniel Brand and Jeff Hernandez.

Written from the business description in Black Rock Coffee Bar, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 4 March 2026. Every sentence was checked against that document before publication.

Growth
USD 200.3M
Revenue, FY2025 · full 3-year series below
Revenue $M Net income $M
FY2025 · Revenue 200.3 · Net income -0.1
80M160M202320242025
Compound annual growth
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−8 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating 0.4% · Net -8.3%
1%2%3%-5%202320242025
ROE

No chart to show — the reason differs by year; see each year in the table below.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -32.7
-20M202320242025

Total assetsUSD 336.4M
EquityUSD 45.7M
CashUSD 28.4M
Gross debtUSD 26.8M
Net debtUSD -1.7M
Current ratio1.04×

The company holds more cash than debt.

The 3-year record
3 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 202520242023
Revenue $B0.20.20.1
Operating income $B0.00.00.0
EBITDA $B0.00.00.0
Income tax $B0.00.00.0
Net income $B−0.0−0.0−0.0
Free cash flow $B−0.0−0.0−0.0
EPS, diluted $0.00··
Dividend / sh $···
Payout %···
ROE %···

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 7 reconciliationsAUDITED

Reconciled in 3 of 19 fiscal years. 85 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityRetail-Eating & Drinking Places
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
SEC categoryemerging growth company, smaller reporting company
Data on record since2023

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