Short answer
Black Rock Coffee Bar, Inc. (BRCB) filed its Q3 2025 10-Q quarterly report on Nov 12, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $147M with net income of −$712,000.
Q3 2025 key financials · XBRL
- Revenue
- $147M
- Net income
- −$712,000
- Operating margin
- -0.6%
- EPS (diluted)
- −$0.05
Source: XBRL data from the Black Rock Coffee Bar, Inc. (BRCB) Q3 2025 10-Q on SEC EDGAR. USD.
Black Rock Coffee Bar, Inc. Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Quarterly revenue $51.468M, up 24.2% YoY from $41.455M, driven by 25 net new stores and 10.8% same-store sales growth
- Store-level profit $15.226M, margin 29.6% vs 28.1% YoY
- Worst profitability: operating loss $6.407M, margin (12.4%) vs 7.6% YoY, including $9.0M IPO-related expenses
- Adjusted EBITDA $6.922M, margin 13.4% vs 12.4% YoY
- Outlook: approximately 30 stores planned for 2025 and 1,000 stores targeted by 2035
Risk Factors
- Net losses $18.1 million for nine months ended September 30, 2025, versus $3.0 million prior-year period
- Drive-thru store expansion increasing capital requirements through larger real estate and incremental infrastructure costs
- FDA or other regulatory food recalls could trigger store closures, remediation costs, fines, and agency scrutiny
- Competition from Starbucks, Dutch Bros, QSRs, convenience stores, and delivery options threatening guest traffic and revenue
- Digital sales mix reached approximately 15% of revenue, increasing exposure to mobile-ordering and technology execution failures
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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