Filing Flows › Black Rock Coffee Bar (BRCB) › Q3 2025
Black Rock Coffee Bar (BRCB) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 12, 2025
Black Rock Coffee Bar (BRCB) reported revenue of $51.5M for the third quarter 2025 (Q3 2025), +24% from a year earlier and +2% from the quarter before. Operating margin was -12.4%, net loss $16.2M (31.4% of revenue).
Black Rock Coffee Bar, Q3 2025: revenue $51.5M (+24% year over year), operating margin -12.4%, net loss $16.2M, operating cash flow −$11.3M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $51.5M | +2% | +24% |
| Operating profit | −$6.4M | — | — |
| Net earnings | −$16.2M | — | — |
| Operating cash flow | −$11.3M | — | — |
What changed
Revenue was $51.5M in Q3 2025, up 24% year over year and up 2% from the previous quarter. Store revenue was the largest line at 100% of revenue. Store revenue added $10.0M year over year (up 24%), 100% of the total change.
Operating costs exceeded revenue by $6.4M, an operating margin of -12.4%. Total costs grew 51% against revenue growth of 24%. The fastest-growing cost line was SG&A (+251%). The quarter ended with a net loss of $16.2M, wider than the previous quarter's $1.1M loss. Minority interests bore $15.5M of it: to shareholders the quarter was a loss of $712K. Net interest and other expense of $9.7M was the main reason.
Operating cash flow was −$11.3M. Non-cash charges added back $3.0M of depreciation and amortization and $868K of share-based compensation. Working capital and other items added $944K. Capital expenditures of $7.9M exceeded it, leaving free cash flow of −$19.2M.
Questions
What was Black Rock Coffee Bar's revenue in the third quarter 2025?
Black Rock Coffee Bar (BRCB) reported revenue of $51.5M for the third quarter 2025 (Q3 2025), +24% from a year earlier and +2% from the quarter before.
Was Black Rock Coffee Bar profitable in the third quarter 2025?
Operating loss was $6.4M (-12.4% of revenue) and net loss $16.2M.