Black Rock Coffee Bar, Inc.
For the period ended Sep 30, 2025. Filed Nov 12, 2025.
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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
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Operations
Condensed Consolidated Statements of Operations (Unaudited)
(in thousands, except share and per share amounts)
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Store revenue | $51,410 | $41,399 | $146,520 | $117,941 |
| Other | 58 | 56 | 162 | 164 |
| Total revenue | 51,468 | 41,455 | 146,682 | 118,105 |
| Store operating costs and expenses (exclusive of depreciation and amortization presented separately below): | ||||
| Beverage, food and packaging costs | 14,286 | 11,719 | 41,641 | 33,977 |
| Labor and related expenses | 10,785 | 9,220 | 30,588 | 25,722 |
| Occupancy and related expenses | 4,034 | 3,229 | 11,641 | 9,644 |
| Other store operating expenses | 7,079 | 5,578 | 19,883 | 15,398 |
| Total store operating costs and expenses | 36,184 | 29,746 | 103,753 | 84,741 |
| Selling, general and administrative expenses | 17,158 | 4,894 | 31,898 | 17,457 |
| Depreciation and amortization | 3,030 | 2,533 | 8,856 | 7,334 |
| Pre-opening costs | 1,503 | 1,144 | 3,064 | 2,428 |
| Total operating expenses | 57,875 | 38,317 | 147,571 | 111,960 |
| Income (loss) from operations | (6,407) | 3,138 | (889) | 6,145 |
| Interest expense, net | (2,871) | (3,073) | (9,028) | (8,188) |
| Other income (expense), net | (6,866) | (716) | (7,950) | (717) |
| Loss before income taxes | (16,144) | (651) | (17,867) | (2,760) |
| Income tax expense | 31 | 71 | 253 | 197 |
| Net loss | (16,175) | (722) | (18,120) | (2,957) |
| Less: Net loss attributable to Black Rock OpCo prior to the Transactions | (14,432) | — | (16,377) | — |
| Less: Net income (loss) attributable to noncontrolling interest | (1,031) | — | (1,031) | 20 |
| Net loss attributable to Black Rock Coffee Bar, Inc. | $(712) | $(722) | $(712) | $(2,977) |
| Net loss per share of Class A common stock: (1) | ||||
| Basic | $(0.05) | N/A | $(0.05) | N/A |
| Diluted | $(0.05) | N/A | $(0.05) | N/A |
| Weighted-average shares of Class A common stock outstanding | ||||
| Basic | 14,808,173 | N/A | 14,808,173 | N/A |
| Diluted | 14,808,173 | N/A | 14,808,173 | N/A |
(1) Basic and diluted net loss per share of Class A common stock is applicable only for the period September 12, 2025 through September 30, 2025, which is the period effective with and following the IPO and Transactions (as defined in Note 1 to the Condensed Consolidated Financial Statements, unaudited).
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