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Black Rock Coffee Bar (BRCB) Q4 2025 earnings results (fourth quarter 2025)

10-K filed Mar 4, 2026

Black Rock Coffee Bar (BRCB) reported revenue of $53.6M for the fourth quarter 2025 (Q4 2025), +25% from a year earlier and +4% from the quarter before. Operating margin was 3.3%, net earnings $652K (1.2% of revenue).

Revenue$53.6M
Year over year+25%
Quarter over quarter+4%
Operating margin3.3%
Net earnings$652K

Black Rock Coffee Bar, Q4 2025: revenue $53.6M (+25% year over year), operating margin 3.3%, net earnings $652K, operating cash flow $5.1M. The chart follows the revenue to costs, profit and cash.

Q4 2025AmountQ/QY/Y
Revenue$53.6M+4%+25%
Operating profit$1.8M——
Net earnings$652K——
Operating cash flow$5.1M—+23%

What changed

Revenue was $53.6M in Q4 2025, up 25% year over year and up 4% from the previous quarter. Store revenue was the largest line at 100% of revenue.

Operating profit was $1.8M, a 3.3% margin (up 3.6 points year over year). Total costs grew 21% against revenue growth of 25%. The fastest-growing cost line was Cost of revenue (+21%). Net earnings were $652K. The effective tax rate was 12.3%.

Operating cash flow was $5.1M (up 23% year over year), 323% of net income including minority interests. Non-cash charges added back $3.3M of depreciation and amortization and $1.2M of share-based compensation. Working capital and other items used $1.0M. Capital expenditures of $12.0M exceeded it, leaving free cash flow of −$6.9M.

Questions

What was Black Rock Coffee Bar's revenue in the fourth quarter 2025?

Black Rock Coffee Bar (BRCB) reported revenue of $53.6M for the fourth quarter 2025 (Q4 2025), +25% from a year earlier and +4% from the quarter before.

Was Black Rock Coffee Bar profitable in the fourth quarter 2025?

Operating profit was $1.8M (3.3% of revenue) and net earnings $652K.

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Source: Black Rock Coffee Bar 10-K on SEC EDGAR.