Earnings Releases·Nov 10, 2026, 4:09 PM ET

Black Rock Coffee Bar — Q3 2026 Earnings Summary

Total revenue grew 29.7% year-over-year to $66.8 million, while net income turned profitable at $2.7 million, reversing a $16.2 million loss in the prior year period.
The company raised full-year 2026 guidance to include 40 new store openings (up from previous plans) and set revenue expectations at $255 million to $257 million, alongside Adjusted EBITDA guidance of $34 million to $35 million.
Same Store Sales Growth accelerated to 5.8% for the quarter, marking the 15th consecutive quarter of positive growth, with Average Unit Volume rising to $1,296.
Operating efficiency improved significantly as SG&A expenses fell to $10.3 million (15.5% of revenue) from $17.2 million in the prior year, contributing to a 4.2% operating margin.
Cash and cash equivalents decreased to $13.6 million as of September 30, 2026, from $28.4 million at year-end 2025, while total debt remained at $38.1 million with $21.0 million available under the revolving credit facility.