Boston Beer Co Inc (SAM) financial statements: income statement, balance sheet and cash flow
Boston Beer Co 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 27, 2025 · FY), Boston Beer Co Inc reported revenue of $2.1B (-2.4% year on year) and net income of $108.5M (+81.7% year on year).
Income statement
Boston Beer Co Inc income statement, fiscal years
Line item
Dec 27, 2025 · FY
Dec 28, 2024 · FY
Dec 30, 2023 · FY
Dec 31, 2022 · FY
Revenue
$2.1B
$2.1B
$2.1B
$2.2B
Less excise taxes
$122.3M
$124.9M
$124.7M
$132.3M
Net revenue
$2.0B
$2.0B
$2.0B
$2.1B
Cost of goods sold
$1.0B
$1.1B
$1.2B
$1.2B
Gross profit
$952.6M
$893.7M
$852.4M
$862.0M
Advertising, promotional and selling expenses
$610.0M
$552.0M
$556.0M
$578.4M
General and administrative expenses
$190.8M
$189.9M
$174.5M
$157.5M
Impairment of intangible assets
$0
$42.6M
$16.4M
$27.1M
Impairment of brewery assets
$7.0M
$7.2M
$5.4M
$2.8M
Contract settlement costs
$0
$26.1M
—
—
Total operating expenses
$807.7M
$817.8M
$752.4M
$771.2M
Operating income
$144.9M
$76.0M
$100.0M
$90.8M
Interest income, net
$9.9M
$13.2M
$11.0M
$2.6M
Other expense, net
($1.4M)
($1.6M)
($1.4M)
($1.9M)
Total other income, net
$8.6M
$11.6M
$9.6M
$645.0K
Income before income tax provision
$153.5M
$87.6M
$109.6M
$91.4M
Income tax provision
$45.0M
$27.9M
$33.3M
$24.2M
Net income
$108.5M
$59.7M
$76.3M
$67.3M
Net income per common share - basic
$9.90
$5.07
$6.23
$5.46
Net income per common share - diluted
$9.89
$5.06
$6.21
$5.44
Weighted-average number of common shares - basic
11.0M
11.8M
12.2M
12.3M
Weighted-average number of common shares - diluted
10.9M
11.8M
12.3M
12.3M
Foreign currency translation adjustment
$347.0K
($715.0K)
$166.0K
($269.0K)
Defined benefit plans liability adjustment
($31.0K)
$76.0K
($13.0K)
$253.0K
Total other comprehensive (loss) income, net of tax
$316.0K
($639.0K)
$153.0K
($16.0K)
Comprehensive income
$108.8M
$59.1M
$76.4M
$67.2M
Boston Beer Co Inc income statement, quarters
Line item
Sep 26, 2026 · Q3
Jun 27, 2026 · Q2
Mar 28, 2026 · Q1
Sep 27, 2025 · Q3
Revenue
$555.5M
$607.8M
$461.6M
$571.5M
Less excise taxes
$35.4M
$39.4M
$27.6M
$34.0M
Net revenue
$520.1M
$568.3M
$433.9M
$537.5M
Cost of goods sold
$251.0M
$282.0M
$220.0M
$264.4M
Gross profit
$269.1M
$286.4M
$214.0M
$273.1M
Advertising, promotional, and selling expenses
$165.2M
$185.9M
$140.1M
$164.7M
General and administrative expenses
$42.9M
$48.9M
$52.3M
$44.9M
Impairment of brewery assets
$2.9M
$234.0K
$2.0K
$1.4M
Litigation expense
$1.8M
—
$212.0M
—
Total operating expenses
$212.7M
$215.6M
$404.4M
$211.1M
Operating income (loss)
$56.3M
$70.8M
($190.5M)
$62.0M
Interest income, net
$2.7M
$2.0M
$1.9M
$2.7M
Other expense, net
($138.0K)
($449.0K)
($363.0K)
($595.0K)
Total other income, net
$2.6M
$1.6M
$1.5M
$2.1M
Income (loss) before income tax provision (benefit)
$58.9M
$72.3M
($188.9M)
$64.2M
Income tax provision (benefit)
$15.7M
$20.8M
($43.7M)
$18.0M
Net income (loss)
$43.2M
$51.6M
($145.3M)
$46.2M
Net income (loss) per common share - basic
$4.21
$4.96
-$13.88
$4.25
Net income (loss) per common share - diluted
$4.21
$4.96
-$13.88
$4.25
Weighted-average number of common shares - basic
10.3M
10.4M
10.5M
10.9M
Weighted-average number of common shares - diluted
10.2M
10.4M
10.5M
10.8M
Foreign currency translation adjustment
$27.0K
($127.0K)
($107.0K)
($161.0K)
Total other comprehensive income (loss)
$27.0K
($127.0K)
($107.0K)
($161.0K)
Comprehensive income (loss)
$43.2M
$51.4M
($145.4M)
$46.0M
Balance sheet
Boston Beer Co Inc balance sheet, fiscal years
Line item
Dec 27, 2025 · FY
Dec 28, 2024 · FY
Dec 30, 2023 · FY
Dec 31, 2022 · FY
Cash and cash equivalents
$223.4M
$211.8M
$298.5M
$180.6M
Accounts receivable
$57.1M
$61.4M
$67.0M
$56.7M
Inventories
$92.5M
$117.2M
$115.8M
$148.4M
Prepaid expenses and other current assets
$20.3M
$20.2M
$20.5M
$27.5M
Income tax receivable
$24.3M
$6.7M
$1.7M
$10.1M
Total current assets
$417.6M
$417.3M
$503.5M
$423.3M
Property, plant, and equipment, net
$578.1M
$616.2M
$642.5M
$667.9M
Operating right-of-use assets
$30.2M
$27.8M
$35.6M
$43.8M
Goodwill
$112.5M
$112.5M
$112.5M
$112.5M
Intangible assets
$14.8M
$16.4M
$59.6M
$76.3M
Third-party production prepayments
$7.1M
$14.5M
$33.6M
$61.3M
Note receivable
$11.2M
$16.7M
—
—
Other assets
$22.1M
$28.5M
$42.7M
$35.6M
Total assets
$1.2B
$1.3B
$1.4B
$1.4B
Accounts payable
$95.0M
$87.3M
$87.2M
$84.2M
Accrued expenses and other current liabilities
$144.8M
$138.6M
$126.9M
$111.2M
Current operating lease liabilities
$12.8M
$5.7M
$9.1M
$8.9M
Total current liabilities
$252.5M
$231.6M
$223.3M
$204.3M
Deferred income taxes, net
$64.8M
$65.8M
$85.7M
$96.6M
Non-current operating lease liabilities
$25.1M
$30.2M
$36.2M
$45.3M
Other liabilities
$4.9M
$6.2M
$6.9M
$6.1M
Total liabilities
$347.3M
$333.8M
$352.1M
$352.2M
Common Stock
$105.0K
$114.0K
$121.0K
$123.0K
Additional paid-in capital
$698.8M
$676.5M
$656.3M
$629.5M
Accumulated other comprehensive loss
($380.0K)
($696.0K)
($57.0K)
($210.0K)
Retained earnings
$147.7M
$240.3M
$421.6M
$439.1M
Total stockholders’ equity
$846.3M
$916.2M
$1.1B
$1.1B
Total liabilities and stockholders’ equity
$1.2B
$1.3B
$1.4B
$1.4B
Boston Beer Co Inc balance sheet, quarters
Line item
Sep 26, 2026
Jun 27, 2026
Mar 28, 2026
Sep 27, 2025
Cash and cash equivalents
$308.1M
$265.5M
$164.1M
$250.5M
Accounts receivable, net
$83.0M
$100.5M
$86.9M
$84.3M
Inventories, net
$98.1M
$118.1M
$119.0M
$101.7M
Prepaid expenses and other current assets
$24.7M
$27.2M
$30.9M
$23.5M
Income tax receivable
$2.1M
$4.5M
$16.4M
$1.8M
Total current assets
$515.9M
$515.8M
$417.3M
$461.8M
Property, plant, and equipment, net
$542.6M
$554.9M
$563.8M
$579.5M
Operating right-of-use assets
$23.0M
$24.7M
$27.5M
$32.9M
Goodwill
$112.5M
$112.5M
$112.5M
$112.5M
Intangible assets, net
$13.5M
$13.9M
$14.3M
$15.2M
Third-party production prepayments
$5.3M
$5.9M
$6.5M
$8.4M
Note receivable
$7.8M
$7.8M
$7.7M
$11.0M
Other assets
$18.6M
$19.5M
$21.4M
$25.2M
Total assets
$1.2B
$1.3B
$1.2B
$1.2B
Accounts payable
$107.6M
$125.0M
$100.2M
$102.2M
Accrued expenses and other current liabilities
$146.4M
$166.2M
$336.8M
$137.8M
Accrued litigation expenses
$194.5M
$192.6M
—
—
Current operating lease liabilities
$7.9M
$9.7M
$11.5M
$12.6M
Total current liabilities
$456.4M
$493.6M
$448.6M
$252.6M
Deferred income taxes, net
$21.5M
$21.3M
$13.2M
$50.3M
Non-current operating lease liabilities
$21.7M
$21.9M
$23.2M
$28.3M
Other liabilities
$4.1M
$3.7M
$3.4M
$4.4M
Total liabilities
$503.7M
$540.5M
$488.5M
$335.6M
Common Stock
$102.0K
$103.0K
$104.0K
$107.0K
Additional paid-in capital
$713.1M
$709.9M
$704.3M
$690.6M
Accumulated other comprehensive loss
($587.0K)
($614.0K)
($487.0K)
($463.0K)
Retained earnings
$23.1M
$5.2M
($21.4M)
$220.8M
Total stockholders' equity
$735.7M
$714.6M
$682.6M
$911.0M
Total liabilities and stockholders' equity
$1.2B
$1.3B
$1.2B
$1.2B
Cash flow statement
Boston Beer Co Inc cash flow statement, fiscal years
Line item
Dec 27, 2025 · FY
Dec 28, 2024 · FY
Dec 30, 2023 · FY
Dec 31, 2022 · FY
Net income
$108.5M
$59.7M
$76.3M
$67.3M
Depreciation and amortization
$90.4M
$94.0M
$88.1M
$81.4M
Impairment of intangible assets
$6.4M
$42.6M
$16.4M
$27.1M
Impairment of brewery assets
$7.0M
$7.2M
$5.4M
$2.8M
Change in right-of-use assets
($2.9M)
$7.7M
$7.7M
$8.0M
Stock-based compensation expense
$21.8M
$19.0M
$17.0M
$14.0M
Deferred income taxes
($1.0M)
($19.9M)
($10.9M)
$9.1M
Other non-cash (income) expense
($523.0K)
($237.0K)
$224.0K
$326.0K
Accounts receivable
$4.4M
$5.5M
($10.3M)
($2.0M)
Inventories
$23.4M
$6.9M
$31.5M
$131.0K
Prepaid expenses, income tax receivable, and other current assets
($18.5M)
($4.7M)
$14.0M
$38.7M
Third-party production prepayments
$7.4M
$19.1M
$27.8M
$27.0M
Other assets
$7.6M
$6.2M
($5.8M)
($14.0M)
Accounts payable
$5.2M
$2.6M
$2.8M
($2.2M)
Accrued expenses, other current liabilities, and other liabilities
$15.6M
$12.3M
$13.9M
($50.4M)
Operating lease liabilities
$1.9M
($9.1M)
($8.8M)
($6.5M)
Net cash provided by operating activities
$270.2M
$248.9M
$265.2M
$199.9M
Purchases of property, plant and equipment
($54.6M)
($76.3M)
($64.1M)
($90.6M)
Proceeds from sale of property, plant, and equipment
$47.0K
$23.0K
$1.7M
$2.1M
Net cash used in investing activities
($54.5M)
($96.3M)
($62.4M)
($88.5M)
Repurchases and retirement of Class A common stock
($202.4M)
($238.6M)
($92.9M)
—
Proceeds from exercise of stock options and sale of investment shares
2.5M
3.6M
11.7M
7.9M
Net cash paid on finance leases and notes payable
($1.7M)
($1.9M)
($1.6M)
($1.7M)
Payment of tax withholding on stock-based payment awards and investment shares
-2.4M
-2.4M
-2.1M
-3.5M
Net cash used in financing activities
($204.1M)
($239.3M)
($84.8M)
$2.8M
Change in cash and cash equivalents
$11.6M
($86.7M)
$117.9M
$114.2M
Cash and cash equivalents at beginning of period
$211.8M
$298.5M
$180.6M
$66.3M
Cash and cash equivalents at end of period
$223.4M
$211.8M
—
—
Income tax payments, net
($63.4M)
($52.0M)
($35.7M)
$17.0M
Operating cash outflows from operating leases
$13.3M
$10.5M
$10.5M
$8.5M
Operating cash outflows from finance leases
$122.0K
$222.0K
$138.0K
$71.0K
Financing cash outflows from finance leases
$1.7M
$1.9M
$1.6M
$1.6M
Right-of-use-assets obtained in exchange for operating lease obligations
$13.6M
—
($107.0K)
($827.0K)
Increase (decrease) in accounts payable and accrued expenses for purchases of property, plant, and equipment
$2.5M
($4.0M)
$1.1M
—
Non-cash financing activity - (decrease) increase in accrued excise taxes on share repurchases
($399.0K)
$1.4M
$929.0K
—
Non-cash investing activity - reduction in accrued expenses, notes receivable and related interest receivable
$6.8M
$2.4M
—
—
Boston Beer Co Inc cash flow statement, quarters
Line item
Sep 26, 2026 · YTD
Jun 27, 2026 · YTD
Mar 28, 2026 · Q1
Sep 27, 2025 · YTD
Net (loss) income
($50.5M)
($93.7M)
($145.3M)
$131.0M
Depreciation and amortization
$63.5M
$42.6M
$21.6M
$67.7M
Impairment of brewery assets
$3.1M
$236.0K
$2.0K
$6.4M
Gain on sale of property, plant, and equipment
($88.0K)
($78.0K)
—
($47.0K)
Litigation expense
$194.5M
$192.6M
$212.0M
—
Change in right-of-use assets
$8.3M
$5.5M
$2.7M
($5.7M)
Stock-based compensation expense
$15.1M
$11.5M
$6.4M
$14.4M
Deferred income taxes
($43.3M)
($43.4M)
($51.5M)
($15.5M)
Other non-cash income
($374.0K)
($282.0K)
($175.0K)
($32.0K)
Accounts receivable
($26.0M)
($43.4M)
($29.8M)
($22.9M)
Inventories
($6.6M)
($25.8M)
($27.0M)
$13.8M
Prepaid expenses and other current assets
($4.5M)
($7.1M)
($10.9M)
$1.6M
Income tax receivable
$22.2M
$19.8M
$7.9M
—
Third-party production prepayments
$1.8M
$1.2M
$592.0K
$6.1M
Brewery-related assets and cloud computing
$5.0M
$3.0M
$985.0K
—
Other non-current assets
($498.0K)
($242.0K)
$275.0K
—
Accounts payable
$14.3M
$34.5M
$11.0M
$16.0M
Accrued expenses and other current liabilities
$7.9M
$27.3M
($16.0M)
—
Operating lease liabilities
($9.4M)
($6.3M)
($3.1M)
$5.0M
Other non-current liabilities
($233.0K)
($254.0K)
($112.0K)
—
Net cash provided by operating activities
$194.2M
$117.6M
($20.4M)
$230.2M
Purchases of property, plant, and equipment
($31.2M)
($22.9M)
($12.3M)
($36.7M)
Proceeds from disposal of property, plant, and equipment
$88.0K
$78.0K
—
$47.0K
Net cash used in investing activities
($31.1M)
($22.8M)
($12.3M)
($36.7M)
Repurchases and retirement of Class A common stock
($75.3M)
($50.0M)
($23.3M)
($152.4M)
Proceeds from exercise of stock options and sale of investment shares
1.5M
1.2M
367.0K
1.2M
Cash paid on finance leases
($1.1M)
($847.0K)
($581.0K)
($1.3M)
Payment of tax withholding on stock-based payment awards and investment shares
-3.4M
-3.0M
-2.9M
-2.4M
Net cash used in financing activities
($78.4M)
($52.6M)
($26.5M)
($154.9M)
Change in cash and cash equivalents
$84.7M
$42.2M
($59.3M)
$38.6M
Cash and cash equivalents at beginning of period
$223.4M
$223.4M
$223.4M
$211.8M
Cash and cash equivalents at end of period
$308.1M
$265.5M
$164.1M
$250.5M
Income tax payment, net
($9.2M)
($774.0K)
($1.0K)
($54.2M)
Operating cash outflows from operating leases
$10.4M
$7.0M
$3.5M
$9.9M
Operating cash outflows from finance leases
$35.0K
$31.0K
$17.0K
$101.0K
Financing cash outflows from finance leases
$1.1M
$847.0K
$581.0K
$1.3M
Right-of-use assets obtained in exchange for operating lease obligations
$1.1M
—
—
$13.6M
Right-of-use-assets obtained in exchange for finance lease obligations
$271.0K
$271.0K
$271.0K
—
Decrease in accounts payable for purchases of property, plant, and equipment
($1.7M)
($4.4M)
($5.8M)
($1.1M)
Non-cash financing activity - decrease in accrued excise taxes on share repurchases
($1.3M)
($1.1M)
$504.0K
—
Non-cash investing activity - application of supplier shortfall fees to reduce notes receivable and accrued expenses