BRCB Black Rock Coffee Bar, Inc.
Price Chart
Executive Summary
Black Rock Coffee Bar (BRCB) reported strong fourth-quarter and full-year 2025 results, with Q4 revenue up 25.3% YoY to $53.6 million and same-store sales growth of 9.3%. Adjusted EBITDA grew 52.4% in Q4 and 36.2% for the full year. The company opened 12 new stores in Q4 and 32 for the year, and provided 2026 guidance calling for $255–257 million in revenue and 36 new store openings.
Key Financial Metrics
Actionable Insight
The strong revenue and Adjusted EBITDA growth, combined with accelerating store openings and improving store-level margins, suggest operational leverage is building. The 2026 guidance implies ~27% revenue growth, which is aggressive but achievable given current momentum. Traders should monitor whether the company can maintain same-store sales growth and control SG&A as it scales.
Key Facts
- Q4 2025 revenue: $53.6 million, up 25.3% YoY
- Full-year 2025 revenue: $200.3 million, up 24.5% YoY
- Q4 same-store sales growth: 9.3% YoY
- Full-year same-store sales growth: 10.1% YoY
- Q4 net income: $1.6 million vs. net loss of $(4.2) million in prior year
- Adjusted EBITDA: $6.5 million in Q4 (up 52.4%), $27.5 million for full year (up 36.2%)
- Opened 12 new stores in Q4, 32 for full year
- 2026 outlook: $255–257 million revenue, 36 new stores, Adjusted EBITDA of $33.5–34.5 million
Financial Impact
Revenue grew 25.3% in Q4 and 24.5% for full year; Adjusted EBITDA increased 52.4% in Q4 and 36.2% annually; net loss narrowed significantly despite higher SG&A
Risk Factors
- Full-year net loss widened to $(16.5) million despite revenue growth, driven by high interest expense and IPO-related costs
- SG&A as a % of revenue increased to 20.6% in 2025 from 15.7% in 2024, raising concerns about cost discipline
- Heavy capital expenditures ($40–41M expected in 2026) could pressure cash flow despite strong Adjusted EBITDA
Market Snapshot
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3248904 |
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Jun 11, 2026
3d ago
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Institutional Cluster
| $6.20 awaiting T+5 | awaiting T+5 | — | $7.37 (+18.87%) |
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May 27, 2026
18d ago
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Insider Cluster
| $8.50 $7.01 | ▼ −17.53% | ▼ −17.48% | $7.37 (−13.29%) |
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May 27, 2026
18d ago
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Insider Cluster
| $8.50 $7.01 | ▼ −17.53% | ▼ −17.48% | $7.37 (−13.29%) |
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May 27, 2026
18d ago
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Insider Cluster
| $8.50 $7.01 | ▼ −17.53% | ▼ −17.48% | $7.37 (−13.29%) |
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May 23, 2026
23d ago
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Insider Cluster
| $7.43 $7.32 | ▼ −1.48% | ▼ −2.69% | $7.37 (−0.81%) |
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May 21, 2026
24d ago
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Insider Cluster
| $6.81 $8.04 | ▲ +18.06% | ▲ +16.39% | $7.37 (+8.22%) |
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May 21, 2026
24d ago
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Insider Cluster
| $6.81 $8.04 | ▲ +18.06% | ▲ +16.39% | $7.37 (+8.22%) |
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May 16, 2026
29d ago
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Press Release
| $6.91 $7.43 | ▲ +7.53% | ▲ +5.91% | $7.37 (+6.66%) |
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May 12, 2026
4w ago
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Press Release
| $7.65 $6.68 | ▼ −12.68% | ▼ −11.52% | $7.37 (−3.66%) |
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Apr 27, 2026
6w ago
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Press Release
| $12.75 $11.38 | ▼ −10.75% | ▼ −11.15% | $7.37 (−42.20%) |
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