BRC Inc.
For the period ended Dec 31, 2025. Filed Mar 2, 2026.
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FY2025 · Filed Mar 2, 2026
BRCC$9.80-2.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
(in thousands, except share and per share amounts)
| Year Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Revenue, net | $398,263 | $391,490 | $395,623 |
| Cost of goods sold | 260,317 | 230,316 | 270,175 |
| Gross profit | 137,946 | 161,174 | 125,448 |
| Operating expenses | |||
| Marketing and advertising | 39,213 | 35,631 | 30,794 |
| Salaries, wages and benefits | 56,744 | 62,415 | 71,054 |
| General and administrative | 54,736 | 50,827 | 71,613 |
| Other operating expense, net | 11,850 | 8,453 | 2,198 |
| Total operating expenses | 162,543 | 157,326 | 175,659 |
| Operating income (loss) | (24,597) | 3,848 | (50,211) |
| Non-operating income (expenses) | |||
| Interest expense, net | (7,506) | (11,325) | (6,330) |
| Other income, net | — | — | 10 |
| Total non-operating expenses | (7,506) | (11,325) | (6,320) |
| Loss before income taxes | (32,103) | (7,477) | (56,531) |
| Income tax expense | 132 | 172 | 185 |
| Net loss | $(32,235) | $(7,649) | $(56,716) |
| Less: Net loss attributable to non-controlling interest | (20,321) | (4,697) | (39,971) |
| Net loss attributable to BRC Inc. | $(11,914) | $(2,952) | $(16,745) |
| Net loss per share attributable to Class A Common Stock | |||
| Basic and diluted | $(0.13) | $(0.04) | $(0.27) |
| Weighted-average shares of Class A Common Stock outstanding | |||
| Basic and diluted | 95,207,206 | 71,107,562 | 60,932,225 |
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