BRC Inc.
For the period ended Dec 31, 2025. Filed Mar 2, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
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.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Stockholders’ Equity Deficit
(in thousands, except for number of shares)
| Shares | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Class A Common Stock | Class B Common Stock | Class C Common Stock | Class A Common Stock | Class B Common Stock | Class C Common Stock | Additional Paid-In Capital | AccumulatedDeficit | Non-Controlling Interest | Total Stockholders’ Equity | |
| Balance at January 1, 2023 | 57,661,274 | 153,899,025 | — | $5 | $16 | $— | $129,508 | $(103,733) | $70,140 | $95,936 |
| Equity-based compensation | — | — | — | — | — | — | 2,148 | — | 4,826 | 6,974 |
| Common Unit redemption | 7,414,036 | (7,414,036) | — | — | — | — | 1,758 | — | (1,758) | — |
| Employee stock purchase plan | 157,044 | — | — | — | — | — | 673 | — | — | 673 |
| Vesting of stock awards, net of shares withheld for taxes | 405,452 | — | — | 1 | (1) | — | (359) | — | — | (359) |
| Net loss | — | — | — | — | — | — | — | (16,745) | (39,971) | (56,716) |
| Balance at December 31, 2023 | 65,637,806 | 146,484,989 | — | $6 | $15 | $— | $133,728 | $(120,478) | $33,237 | $46,508 |
| Equity-based compensation | — | — | — | — | — | — | 3,627 | — | 6,980 | 10,607 |
| Common Unit redemption | 11,948,525 | (11,948,525) | — | — | — | — | (802) | — | 802 | — |
| Employee stock purchase plan | 144,017 | — | — | — | — | — | 518 | — | — | 518 |
| Vesting of stock awards, net of shares withheld for taxes | 554,015 | — | — | 2 | (2) | — | (501) | — | — | (501) |
| Proceeds from exercise of stock options, net of taxes | 2,546 | — | — | — | — | — | 13 | — | — | 13 |
| Net loss | — | — | — | — | — | — | — | (2,952) | (4,697) | (7,649) |
| Balance at December 31, 2024 | 78,286,909 | 134,536,464 | — | $8 | $13 | $— | $136,583 | $(123,430) | $36,322 | $49,496 |
| Equity-based compensation | — | — | — | — | — | — | 3,772 | — | 6,535 | 10,307 |
| Common Unit redemption | 841,595 | (841,595) | — | — | — | — | 172 | — | (172) | — |
| Shares issued upon settlement agreement | 2,300,100 | — | — | — | — | — | 3,367 | — | — | 3,367 |
| Employee stock purchase plan | 175,714 | — | — | — | — | — | 297 | — | — | 297 |
| Vesting of stock awards, net of shares withheld for taxes | 1,056,358 | — | — | — | — | — | (491) | — | — | (491) |
| Shares issued for public equity offering, net of issuance costs[1] | 32,200,000 | — | — | 3 | — | — | 37,273 | — | — | 37,276 |
| Net loss | — | — | — | — | — | — | — | (11,914) | (20,321) | (32,235) |
| Balance at December 31, 2025 | 114,860,676 | 133,694,869 | — | $11 | $13 | $— | $180,973 | $(135,344) | $22,364 | $68,017 |
[1] Includes gross proceeds of $40,250, less issuance costs of $2,974.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.