GlobeNewswire·Mar 3, 2026, 4:05 PM ET

Black Rock Coffee Bar, Inc. Reports Fourth Quarter and Full Year 2025 Results

BRCB

Black Rock Coffee Bar reported total revenue of $53.6 million for the fourth quarter ended December 31, 2025, representing a 25.3% year-over-year increase.
Same Store Sales Growth reached 9.3% year-over-year in the fourth quarter of 2025.
The company opened 12 new stores during the fourth quarter, bringing the total store count to 181 at the end of the period.
Income from operations for the quarter was $1.8 million, a significant improvement from a loss of $0.1 million in the prior year period.
Store-Level Profit increased to $15.7 million in the fourth quarter, up from $11.6 million the previous year, with a margin of 29.4%.
Net income grew 137.4% to $1.6 million for the quarter, contrasting with a net loss of $4.2 million in the prior year period.
Adjusted EBITDA for the fourth quarter rose 52.4% to $6.5 million from $4.3 million in the prior year.
Full-year 2025 total revenue was $200.3 million, up 24.5% year-over-year, while full-year Same Store Sales Growth was 10.1%.
For the full year 2025, the company opened 32 new stores but reported a net loss of $16.5 million compared to a $7.2 million loss in 2024.
Full-year 2025 Adjusted EBITDA grew 36.2% to $27.5 million, and Store-Level Profit reached $58.5 million.
As of December 31, 2025, the company held $28.4 million in cash and cash equivalents with total debt of $26.7 million.
The company repaid $30.1 million on its term loan facility in 2025, leaving $19.9 million outstanding, while its $25 million revolving credit facility remains undrawn.
Full-year 2026 outlook includes 36 new store openings, projected total revenue between $255 million and $257 million, and Same Store Sales growth in the mid-single digits.
The 2026 outlook also projects Adjusted EBITDA between $33.5 million and $34.5 million with capital expenditures ranging from $40 million to $41 million.