Black Rock Coffee Bar Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Operating Revenue	200.09	160.68	132.96
Other Revenue	0.24	0.24	0.2
Revenue	200.32	160.92	133.16
Revenue Growth (YoY)	24.49%	20.84%	-
Cost of Revenue	98.33	81.62	72.16
Gross Profit	101.99	79.29	61
Selling, General & Admin	84.59	61.04	48.43
Operating Expenses	101.09	74.76	58.96
Operating Income	0.9	4.53	2.04
Interest Expense	-9.78	-11.77	-11.49
Interest & Investment Income	0.43	0.65	0.54
Other Non Operating Income (Expenses)	-7.62	-1.84	0.57
EBT Excluding Unusual Items	-16.06	-8.42	-8.34
Pretax Income	-16.06	-6.92	-8.34
Income Tax Expense	0.48	0.27	0.36
Earnings From Continuing Operations	-16.54	-7.19	-8.7
Minority Interest in Earnings	16.48	-0.02	-0.12
Net Income	-0.06	-7.21	-8.82
Net Income to Common	-0.06	-7.21	-8.82
Shares Outstanding (Basic)	17	-	-
Shares Outstanding (Diluted)	17	-	-
EPS (Basic)	-0.00	-	-
EPS (Diluted)	-0.00	-	-
Free Cash Flow	-32.7	-8.87	-10.99
Free Cash Flow Per Share	-1.92	-	-
Gross Margin	50.91%	49.28%	45.81%
Operating Margin	0.45%	2.82%	1.53%
Profit Margin	-0.03%	-4.48%	-6.62%
Free Cash Flow Margin	-16.32%	-5.51%	-8.25%
EBITDA	13.1	14.9	10.57
EBITDA Margin	6.54%	9.26%	7.93%
D&A For EBITDA	12.2	10.36	8.52
EBIT	0.9	4.53	2.04
EBIT Margin	0.45%	2.82%	1.53%
Revenue as Reported	200.32	160.92	133.16
Advertising Expenses	2.6	1.9	1.9

Source: S&P Capital IQ. Standard template. Financial Sources.