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Black Rock Coffee Bar (BRCB) earnings and revenue breakdown

Latest: Q2 2026 · 10-Q filed Aug 12, 2026 · Black Rock Coffee Bar (BRCB) Q2 2026 earnings results →

Q2 2026 Revenue up 25% year over year to $63.0M · 2¢ of every $1 of revenue kept as net profit · operating margin 6.5%

Black Rock Coffee Bar made $63.0M in Q2 2026 (+25% Y/Y): Store revenue $62.9M, Other $66K. Operating margin 6.5%, net earnings $1.2M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 12, 2026.

Revenue$63.0M
Year over year+25%
Operating margin6.5%
Net earnings$1.2M
Operating cash flow$12.4M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $63.0M in Q2 2026, up 25% year over year and up 14% from the previous quarter. Store revenue was the largest line at 100% of revenue. Store revenue added $12.6M year over year (up 25%), 100% of the total change.

Operating profit was $4.1M, a 6.5% margin (unchanged year over year). Of the extra revenue versus a year earlier, 7% reached operating profit, above the 6% margin then. Total costs grew 25% against revenue growth of 25%. The fastest-growing cost line was Other operating costs (+37%). Net earnings were $1.2M. The effective tax rate was 3.0%.

Operating cash flow was $12.4M (up 149% year over year), 385% of net income including minority interests. Non-cash charges added back $3.9M of depreciation and amortization and $1.1M of share-based compensation. Working capital and other items added $4.1M. Capital expenditures of $16.9M exceeded it, leaving free cash flow of −$4.5M.

Quarterly history

Black Rock Coffee Bar revenue by quarterBlack Rock Coffee Bar revenue by quarter$51.5MQ3 2025$53.6MQ4 2025$55.5MQ1 2026$63.0MQ2 2026
Black Rock Coffee Bar net earnings by quarterBlack Rock Coffee Bar net earnings by quarter−$16.2MQ3 2025$652KQ4 2025$378KQ1 2026$1.2MQ2 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q2 202610-QAug 12, 2026$63.0M+25%6.5%$1.2M$12.4M
Q1 202610-QMay 13, 2026$55.5M+24%4.8%$378K$6.8M
Q4 202510-KMar 4, 2026$53.6M+25%3.3%$652K$5.1M
Q3 202510-QNov 12, 2025$51.5M+24%-12.4%−$16.2M−$11.3M

Charts

Black Rock Coffee Bar: revenue growth, year over year and quarter over quarterBlack Rock Coffee Bar: revenue growth, year over year and quarter over quarterY/YQ/Q+24%Q3 2025+25%+4%Q4 2025+24%+3%Q1 2026+25%+14%Q2 2026
Latest (Q2 2026): Y/Y +25%, Q/Q +14%.
Black Rock Coffee Bar: where the cash came from (+) and went (−), TTM to Q2 2026Black Rock Coffee Bar: where the cash came from (+) and went (−), TTM to Q2 2026Other financing$125MNet borrowing (+) / repaid (−)−$82.5MCapital spending−$53.0MOperating cash flow$13.0MCash drawn (+) / kept (−)−$1.3MOther investing−$1.1M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Black Rock Coffee Bar: profit against cash, quarter by quarterBlack Rock Coffee Bar: profit against cash, quarter by quarterNet incomeOperating cash flow−$4.2M$4.2MQ4 2024$0$3.4MQ1 2025$0$5.0MQ2 2025−$16.4MQ3 2025−$712K−$11.3MQ3 2025$652K$5.1MQ4 2025$378K$6.8MQ1 2026$1.2M$12.4MQ2 2026
Latest (Q2 2026): Net income $1.2M, Operating cash flow $12.4M.
Black Rock Coffee Bar: long-term debt falling due (FY2025)Black Rock Coffee Bar: long-term debt falling due (FY2025)$835K2026$1.2M2027$1.4M2028$1.9M2029$15.8M2030$6.7MLater
Cash $28.4M, short-term investments —, long-term debt $27.9M at 2025-12-31.
Black Rock Coffee Bar in its industry: growth against margin (6 companies, SIC 5810)Black Rock Coffee Bar in its industry: growth against margin (6 companies, SIC 5810)revenue growth, year over year →↑ operating marginmedian +15%median 10%SBUXBROSWENSHAKCNNEBRCB (+25%, 6%)
Retail-Eating & Drinking Places; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

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💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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Customers and suppliers named in filings

Buys from

About Black Rock Coffee Bar

We are a high-growth operator of guest-centric, drive-thru coffee bars offering premium caffeinated beverages and an elevated in-store experience crafted by our engaging baristas. Black Rock Coffee Bar was founded in 2008 in Beaverton, Oregon, by our co-founders Daniel Brand and Jeff Hernandez. What started as a single 160 square foot coffee bar in 2008 is now one of the fastest growing beverage companies in the United States by revenue and the largest fully company-owned coffee retailer in the country, with 181 locations spanning seven states as of December 31, 2025, from the Pacific Northwest to Texas.

In its own words, from its 10-K, filed Mar 4, 2026.

Black Rock Coffee Bar against its Retail-Eating & Drinking Places peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +25% against the peers' median +15%. Operating margin: 6.5% against the peers' median 6.5%.

CompanyQuarterRevenueY/YOp. margin
BRCB Black Rock Coffee BarQ2 2026$63.0M+25%6.5%
SBUX StarbucksQ4 FY26$9.1B-4%10.8%
BROS Dutch BrosQ3 2026$550M+30%9.6%
WEN Wendy'sQ3 2026$547M-0.5%10.2%
SHAK Shake ShackQ3 2026$423M+15%5.1%
SDOT Sadot GroupQ2 2025$114M—1.5%
CNNE Cannae HoldingsQ2 2026$102M-7%-55.6%

Source: Black Rock Coffee Bar 10-Q on SEC EDGAR · CIK 2068577 · Retail-Eating & Drinking Places

13F: who owns BRCB and who is buying

Largest holders of BRCB (13F)Largest holders of BRCB (13F)Bank of New York Mellon$24.7MVanguard Group$19.7MMorgan Stanley$15.1MCynosure Group, LLC$14.5MWasatch Advisors LP$9.7MBlackRock$9.4MMarshall Wace, LLP$7.8MVanguard Capital Management LLC$6.6MEmerald Advisers, LLC$6.2MMassachusetts Financial Services$5.5M
Funds' net buying of BRCB by quarter (13F)Funds' net buying of BRCB by quarter (13F)$432M2025-09$61.5M2025-12−$23.7M2026-03−$31.6M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on BRCB

History

Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results

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