Black Rock Coffee Bar, Inc.
For the period ended Sep 30, 2025. Filed Nov 12, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 12, 2025
BRCB$10.57-4.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Cons olidated Balance Sheets
Condensed Consolidated Balance Sheets (Unaudited)
(in thousands, except share and unit data)
| September 30, 2025 | December 31, 2024 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $32,646 | $10,227 |
| Receivables, net | 4,834 | 4,304 |
| Inventories | 2,786 | 2,055 |
| Prepaid expenses and deposits | 3,807 | 2,860 |
| Total current assets | 44,073 | 19,446 |
| Property and equipment, net | 87,721 | 69,989 |
| Operating lease right-of-use assets, net | 122,700 | 101,591 |
| Note receivable from related party | — | 5,184 |
| Other assets | 277 | — |
| Goodwill | 9,360 | 9,360 |
| Deferred income tax asset | 52,947 | — |
| Intangible assets, net | 6,118 | 7,342 |
| Total assets | $323,196 | $212,912 |
| LIABILITIES, TEMPORARY EQUITY AND SHAREHOLDERS' EQUITY/MEMBERS' DEFICIT | ||
| Current liabilities: | ||
| Accounts payable | 10,660 | 6,621 |
| Accrued expenses | 4,706 | 3,400 |
| Accrued payroll and benefits | 6,281 | 6,984 |
| Deferred compensation | — | 5,778 |
| Gift card and loyalty program liability | 1,316 | 1,186 |
| Current portion of long-term debt | 1,250 | 925 |
| Current portion of operating lease liabilities | 7,873 | 8,410 |
| Total current liabilities | 32,086 | 33,304 |
| Tax receivable agreement liability | 40,641 | — |
| Long-term debt, net of current portion | 17,615 | 89,269 |
| Operating lease liabilities, net of current portion | 132,496 | 107,000 |
| Total liabilities | 222,838 | 229,573 |
| Commitments and Contingencies (Note 15) | ||
| Temporary equity | ||
| Series A ($1.00 par value per unit – 20,000,000 units authorized as of December 31, 2024; 3,804,698 units issued and outstanding as of December 31, 2024) | — | 3,429 |
| Series A-1 (2,000,000 units authorized; 1,468,058 units issued and outstanding as of December 31, 2024) | — | 206,973 |
| Series A-2 (900,000 units authorized; 893,835 units issued and outstanding as of December 31, 2024; aggregate liquidation preference of $168,785,545 as of December 31, 2024) | — | 30,773 |
| Total temporary equity | — | 241,175 |
| Shareholders equity/members' deficit | ||
| Members’ deficit (4,000,000 Class A Common Units authorized as of December 31, 2024; 2,646,087 units issued and outstanding as of December 31, 2024) | — | (257,836) |
| Preferred stock, par value $0.00001 per share; 20,000,000 shares authorized, no shares issued or outstanding as of September 30, 2025 | — | — |
| Class A common stock, par value $0.00001 per share; 500,000,000 shares authorized, 17,478,452 shares issued and outstanding as of September 30, 2025 | — | — |
|---|---|---|
| Class B common stock, par value $0.00001 per share, 200,000,000 shares authorized, 10,377,136 shares issued and outstanding as of September 30, 2025 | — | — |
| Class C common stock, par value $0.00001 per share, 50,000,000 shares authorized, 22,200,219 shares issued and outstanding as of September 30, 2025 | — | — |
| Additional paid-in capital | 43,757 | — |
| Accumulated deficit | (712) | — |
| Total shareholders' equity attributable to Black Rock Coffee Bar, Inc./members' deficit | 43,045 | (257,836) |
| Noncontrolling interest | 57,313 | — |
| Total shareholders' equity/members' deficit | 100,358 | (257,836) |
| Total liabilities, temporary equity and shareholders' equity/members' deficit | $323,196 | $212,912 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.