BRC Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), BRC Inc reported revenue of $398.3M (+1.7% year on year) and net income of ($32.2M) (-321.4% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Revenue, net | $398.3M | $391.5M | $395.6M | $301.3M |
| Cost of goods sold | $260.3M | $230.3M | $270.2M | $202.1M |
| Gross profit | $137.9M | $161.2M | $125.4M | $99.2M |
| Marketing and advertising | $39.2M | $35.6M | $30.8M | $38.2M |
| Salaries, wages and benefits | $56.7M | $62.4M | $71.1M | $64.3M |
| General and administrative | $54.7M | $50.8M | $71.6M | $64.5M |
| Other operating expense, net | $11.8M | $8.5M | $2.2M | — |
| Total operating expenses | $162.5M | $157.3M | $175.7M | $166.9M |
| Operating income (loss) | ($24.6M) | $3.8M | ($50.2M) | ($67.8M) |
| Interest expense, net | ($7.5M) | ($11.3M) | ($6.3M) | — |
| Other income, net | $0 | $0 | $10.0K | $339.0K |
| Total non-operating expenses | ($7.5M) | ($11.3M) | ($6.3M) | ($269.9M) |
| Loss before income taxes | ($32.1M) | ($7.5M) | ($56.5M) | ($337.7M) |
| Income tax expense | $132.0K | $172.0K | $185.0K | $367.0K |
| Net loss | ($32.2M) | ($7.6M) | ($56.7M) | ($338.0M) |
| Less: Net loss attributable to non-controlling interest | ($20.3M) | ($4.7M) | ($40.0M) | ($255.1M) |
| Net loss attributable to BRC Inc. | ($11.9M) | ($3.0M) | ($16.7M) | ($82.9M) |
| Basic (in dollars per share) | -$0.13 | -$0.04 | -$0.27 | -$1.62 |
| Diluted (in dollars per share) | -$0.13 | -$0.04 | -$0.27 | -$1.62 |
| Basic (in shares) | 95.2M | 71.1M | 60.9M | 51.2M |
| Diluted (in shares) | 95.2M | 71.1M | 60.9M | 51.2M |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Revenue, net | $107.0M | $109.2M | $100.7M | $94.8M |
| Cost of goods sold | $70.5M | $73.1M | $63.6M | $62.7M |
| Gross profit | $36.5M | $36.1M | $37.1M | $32.2M |
| Marketing and advertising | $10.5M | $10.2M | $8.7M | $9.8M |
| Salaries, wages, and benefits | $15.5M | $14.1M | $14.4M | $15.8M |
| General and administrative | $9.3M | $10.1M | $12.9M | $14.3M |
| Other operating expense, net | $113.0K | $382.0K | $588.0K | $4.9M |
| Total operating expenses | $35.4M | $34.8M | $36.6M | $44.8M |
| Operating income (loss) | $1.1M | $1.3M | $518.0K | ($12.6M) |
| Interest expense, net | ($1.3M) | ($1.2M) | ($1.7M) | ($1.8M) |
| Total non-operating expenses | ($1.3M) | ($1.2M) | ($1.7M) | ($1.8M) |
| Loss before income taxes | ($153.0K) | $79.0K | ($1.2M) | ($14.5M) |
| Income tax expense | $33.0K | $33.0K | $44.0K | $44.0K |
| Net loss | ($186.0K) | $46.0K | ($1.2M) | ($14.5M) |
| Less: Net loss attributable to non-controlling interest | ($83.0K) | $61.0K | ($752.0K) | ($9.2M) |
| Net loss attributable to BRC Inc. | ($103.0K) | ($15.0K) | ($486.0K) | ($5.3M) |
| Basic (in dollars per share) | $0.00 | $0.00 | $0.00 | -$0.07 |
| Diluted (in dollars per share) | $0.00 | $0.00 | $0.00 | -$0.07 |
| Weighted-average shares of Class A Common Stock - basic (in shares) | 117.8M | 115.4M | 108.0M | 79.1M |
| Weighted-average shares of Class A Common Stock - diluted (in shares) | 117.8M | 115.4M | 108.0M | 79.1M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $4.3M | $6.8M | $12.4M | $39.0M |
| Accounts receivable, net | $35.1M | $33.6M | $25.2M | $22.3M |
| Inventories, net | $49.7M | $42.6M | $56.5M | $77.2M |
| Prepaid expenses and other current assets | $11.2M | $12.4M | $12.2M | $6.8M |
| Total current assets | $100.3M | $95.5M | $107.7M | $145.3M |
| Property, plant and equipment, net | $42.9M | $59.2M | $68.3M | $59.5M |
| Operating lease, right-of-use asset | $21.2M | $26.7M | $36.2M | $20.1M |
| Non-current prepaid marketing expenses | $44.4M | $45.5M | — | — |
| Identifiable intangibles, net | $300.0K | $359.0K | $418.0K | $225.0K |
| Other | $126.0K | $139.0K | $23.1M | $315.0K |
| Total assets | $209.2M | $227.4M | $235.8M | $225.3M |
| Accounts payable | $34.7M | $38.8M | $33.6M | $12.4M |
| Accrued liabilities | $32.5M | $27.9M | $34.9M | $36.7M |
| Deferred revenue and gift card liability | $4.0M | $3.9M | $11.0M | $9.5M |
| Current maturities of long-term debt | $2.4M | $2.0M | $2.3M | $2.1M |
| Current operating lease liability | $2.5M | $2.5M | $2.2M | $1.4M |
| Current maturities of finance lease obligations | $4.0K | $13.0K | $58.0K | $95.0K |
| Total current liabilities | $76.1M | $75.2M | $84.1M | $62.2M |
| Long-term debt, net | $32.3M | $63.0M | $68.7M | $47.0M |
| Finance lease obligations, net of current maturities | $15.0K | $0 | $23.0K | $221.0K |
| Operating lease liability | $24.8M | $29.1M | $35.9M | $19.5M |
| Other non-current liabilities | $8.0M | $10.6M | $524.0K | $502.0K |
| Total non-current liabilities | $65.1M | $102.7M | $105.2M | $67.2M |
| Total liabilities | $141.2M | $177.9M | $189.3M | $129.4M |
| Preferred Stock, $0.0001 par value, 1,000,000 shares authorized; no shares issued or outstanding as of both December 31, 2025 and 2024 | 0 | 0 | 0 | 0 |
| Common stock | $24.0K | $21.0K | $21.0K | $21.0K |
| Additional paid in capital | $181.0M | $136.6M | $133.7M | $129.5M |
| Accumulated deficit | ($135.3M) | ($123.4M) | ($120.5M) | ($103.7M) |
| Total BRC Inc.’s stockholders’ equity | $45.7M | $13.2M | $13.3M | $25.8M |
| Non-controlling interests | $22.4M | $36.3M | $33.2M | $70.1M |
| Total stockholders’ equity | $68.0M | $49.5M | $46.5M | $95.9M |
| Total liabilities and stockholders' equity | $209.2M | $227.4M | $235.8M | $225.3M |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Cash and cash equivalents | $12.0M | $10.0M | $9.5M | $4.3M |
| Accounts receivable, net | $32.9M | $36.3M | $30.4M | $29.6M |
| Inventories, net | $45.6M | $50.8M | $53.0M | $48.6M |
| Prepaid expenses and other current assets | $13.4M | $14.7M | $11.3M | $19.5M |
| Total current assets | $104.0M | $111.7M | $108.6M | $106.2M |
| Property, plant, and equipment, net | $39.8M | $41.3M | $46.6M | $49.4M |
| Operating lease, right-of-use asset | $20.2M | $20.7M | $23.4M | $25.6M |
| Non-current prepaid marketing expenses | $41.7M | $42.9M | $43.4M | $43.6M |
| Identifiable intangibles, net | $270.0K | $285.0K | $314.0K | $329.0K |
| Other | $125.0K | $126.0K | $123.0K | $138.0K |
| Total assets | $206.0M | $217.0M | $222.4M | $225.3M |
| Accounts payable | $36.1M | $40.8M | $35.3M | $34.9M |
| Accrued liabilities | $29.7M | $33.6M | $36.8M | $38.3M |
| Deferred revenue and gift card liability | $2.9M | $3.3M | $4.7M | $3.8M |
| Current maturities of long-term debt | $2.0M | $2.0M | $2.1M | $2.5M |
| Current operating lease liability | $2.5M | $2.5M | $2.5M | $2.5M |
| Current maturities of finance lease obligations | $4.0K | $4.0K | $4.0K | $7.0K |
| Total current liabilities | $73.2M | $82.1M | $81.3M | $82.1M |
| Long-term debt, net | $29.6M | $32.6M | $32.9M | $70.1M |
| Finance lease obligations, net of current maturities | $13.0K | $14.0K | $16.0K | $17.0K |
| Operating lease liability | $23.5M | $24.2M | $25.4M | $27.8M |
| Other non-current liabilities | $6.3M | $7.4M | $8.5M | $9.6M |
| Total non-current liabilities | $59.5M | $64.2M | $66.9M | $107.5M |
| Total liabilities | $132.6M | $146.3M | $148.2M | $189.6M |
| Preferred Stock, $0.0001 par value, 1,000,000 shares authorized; no shares issued or outstanding as of both June 30, 2026 and December 31, 2025 | 0 | 0 | 0 | 0 |
| Common stock | $25.0K | $25.0K | $24.0K | $21.0K |
| Additional paid in capital | $183.8M | $182.1M | $180.1M | $141.7M |
| Accumulated deficit | ($135.5M) | ($135.4M) | ($132.1M) | ($131.6M) |
| Total BRC Inc.'s stockholders' equity | $48.3M | $46.8M | $48.0M | $10.1M |
| Non-controlling interests | $25.0M | $23.9M | $26.2M | $25.5M |
| Total stockholders' equity | $73.4M | $70.7M | $74.2M | $35.6M |
| Total liabilities and stockholders' equity | $206.0M | $217.0M | $222.4M | $225.3M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net loss | ($32.2M) | ($7.6M) | ($56.7M) | ($338.0M) |
| Depreciation and amortization | $12.2M | $10.1M | $7.3M | $4.4M |
| Equity-based compensation | $10.3M | $10.6M | $7.0M | $6.1M |
| Settlement of litigation by issuance of stock | $2.4M | — | — | — |
| Amortization of debt issuance costs | $1.1M | $1.2M | $549.0K | $317.0K |
| Loss on disposal of assets | $721.0K | $1.8M | $4.8M | — |
| Loss on impairment of assets | $3.4M | $6.1M | — | — |
| Paid-in-kind interest | $1.2M | $2.5M | — | — |
| Loss on extinguishment of debt | $0 | $1.1M | — | $0 |
| Other | $83.0K | $173.0K | $311.0K | — |
| Accounts receivable, net | ($1.5M) | ($8.6M) | ($2.8M) | ($14.9M) |
| Inventories, net | ($12.0M) | ($10.1M) | ($8.2M) | ($56.3M) |
| Prepaid expenses and other assets | $11.1M | $900.0K | $654.0K | ($184.0K) |
| Accounts payable | ($3.8M) | $6.8M | $21.6M | ($6.1M) |
| Accrued liabilities | $4.1M | ($7.9M) | ($1.8M) | $16.0M |
| Deferred revenue and gift card liability | $115.0K | ($7.1M) | $1.5M | $2.2M |
| Operating lease liability | ($4.3M) | $560.0K | $891.0K | $776.0K |
| Other liabilities | ($2.6M) | $10.8M | $22.0K | $168.0K |
| Net cash provided by (used in) operating activities | ($9.8M) | $11.3M | ($25.0M) | ($116.2M) |
| Purchases of property, plant and equipment | ($3.7M) | ($8.7M) | ($27.2M) | ($30.4M) |
| Proceeds from sale of property and equipment | $5.1M | $953.0K | $5.7M | — |
| Net cash provided by (used in) investing activities | $1.4M | ($7.7M) | ($21.5M) | ($30.4M) |
| Proceeds from issuance of long-term debt, net of discount | $248.3M | $353.2M | $294.5M | $51.3M |
| Debt issuance costs paid | ($225.0K) | ($706.0K) | ($4.3M) | — |
| Repayment of long-term debt | ($279.7M) | ($361.6M) | ($268.2M) | ($38.8M) |
| Payments of debt extinguishment costs | $0 | ($1.0M) | — | — |
| Financing lease obligations | $6.0K | ($68.0K) | ($173.0K) | $3.0K |
| Repayment of promissory note | ($1.0M) | ($1.0M) | ($1.0M) | — |
| Issuance of stock from the Employee Stock Purchase Plan | 297.0K | 518.0K | 673.0K | — |
| Proceeds received for settlement agreement | $1.0M | — | — | — |
| Proceeds received for public offering, net of issuance costs | $37.3M | — | — | — |
| Proceeds from exercise of stock options | $0 | $13.0K | — | — |
| Net cash provided by (used in) financing activities | $5.9M | ($10.7M) | $21.4M | $167.3M |
| Net decrease in cash, cash equivalents, and restricted cash | ($2.5M) | ($7.1M) | ($25.1M) | $20.7M |
| Cash and cash equivalents, beginning of period | $6.8M | $12.4M | $39.0M | — |
| Restricted cash, beginning of period | $0 | $1.5M | $0 | — |
| Cash and cash equivalents, end of period | $4.3M | $6.8M | $12.4M | — |
| Restricted cash, end of period | $0 | $0 | $1.5M | — |
| (Derecognition) Recognition of right-of-use operating lease assets | ($1.9M) | ($8.0M) | — | — |
| Recognition of revenue for inventory exchanged for prepaid advertising | $5.0M | $23.9M | $28.9M | — |
| Property and equipment purchased but not yet paid | $32.0K | $304.0K | $1.9M | $2.3M |
| Debt issuances costs accrued but not yet paid | $0 | $378.0K | — | — |
| Cash paid for income taxes | $132.0K | $425.0K | $562.0K | $277.0K |
| Cash paid for interest | $5.4M | $9.0M | $4.5M | $1.3M |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net loss | ($140.0K) | $46.0K | ($23.6M) | ($22.4M) |
| Depreciation and amortization | $4.2M | $2.2M | $9.6M | $6.5M |
| Equity-based compensation | $5.7M | $2.7M | $7.7M | $5.3M |
| Amortization of debt issuance costs | $546.0K | $273.0K | $809.0K | $536.0K |
| Loss on disposal of assets | $0 | $23.0K | $1.4M | $839.0K |
| Paid-in-kind interest | $0 | $0 | $1.2M | $1.2M |
| Other | $30.0K | $31.0K | $83.0K | $423.0K |
| Accounts receivable, net | $2.1M | ($1.3M) | $3.1M | $4.0M |
| Inventories, net | $4.0M | ($1.1M) | ($11.8M) | ($6.3M) |
| Prepaid expenses and other assets | $1.7M | ($1.4M) | $7.9M | ($1.6M) |
| Accounts payable | $1.3M | $6.1M | ($3.3M) | ($3.6M) |
| Accrued liabilities | ($2.8M) | $1.1M | $8.4M | $10.1M |
| Deferred revenue and gift card liability | ($1.1M) | ($748.0K) | $751.0K | ($148.0K) |
| Operating lease liability | ($1.2M) | ($607.0K) | ($3.7M) | ($1.3M) |
| Other liabilities | ($1.7M) | ($562.0K) | ($2.0M) | ($1.0M) |
| Net cash provided by (used in) operating activities | $12.6M | $6.8M | ($1.1M) | ($7.5M) |
| Purchases of property, plant, and equipment | ($1.1M) | ($630.0K) | ($3.0M) | ($2.1M) |
| Proceeds from sale of property and equipment | $23.0K | — | $102.0K | $0 |
| Net cash used in investing activities | ($1.1M) | ($630.0K) | ($2.9M) | ($2.1M) |
| Proceeds from ABL Facility | $26.5M | $15.0M | $231.2M | $197.5M |
| Debt issuance costs paid | $0 | $0 | ($225.0K) | ($225.0K) |
| Repayment of long-term debt | ($29.8M) | ($15.0M) | ($262.0M) | ($190.9M) |
| Financing lease obligations | ($2.0K) | ($1.0K) | $7.0K | $11.0K |
| Repayment of promissory note | ($400.0K) | ($400.0K) | ($1.0M) | ($400.0K) |
| Tax withholdings on vested Restricted Stock Units | ($273.0K) | ($151.0K) | — | — |
| Issuance of stock from the Employee Stock Purchase Plan | 59.0K | 59.0K | 297.0K | 194.0K |
| Proceeds received for settlement agreement | $0 | — | — | $1.0M |
| Net cash provided by (used in) financing activities | ($3.9M) | ($493.0K) | $6.6M | $7.1M |
| Net increase (decrease) in cash, cash equivalents | $7.7M | $5.6M | $2.7M | ($2.5M) |
| Cash and cash equivalents, beginning of period | $4.3M | $4.3M | $6.8M | $6.8M |
| Cash and cash equivalents, end of period | $12.0M | $10.0M | $9.5M | $4.3M |
| Recognition of revenue for inventory exchanged for prepaid advertising | ($40.0K) | ($40.0K) | $1.4M | $406.0K |
| Increase in insurance receivables as a result of legal settlement | $0 | — | — | $2.5M |
| Property and equipment purchased but not yet paid | $35.0K | $15.0K | $54.0K | ($4.0K) |
| Cash paid for income taxes | $133.0K | $0 | $378.0K | $334.0K |
| Cash paid for interest | $2.2M | $1.1M | $4.0M | $1.8M |
BRC Inc score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.