Filing Flows › BRC (BRCC) › Q1 2025
BRC (BRCC) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 5, 2025
BRC (BRCC) reported revenue of $90.0M for the first quarter 2025 (Q1 2025), -9% from a year earlier and -15% from the quarter before. Operating margin was -6.0%, net loss $7.8M (8.7% of revenue).
BRC, Q1 2025: revenue $90.0M (-9% year over year), operating margin -6.0%, net loss $7.8M, operating cash flow −$4.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $90.0M | -15% | -9% |
| Operating profit | −$5.4M | — | — |
| Net earnings | −$7.8M | — | — |
| Operating cash flow | −$4.1M | — | — |
What changed
Revenue was $90.0M in Q1 2025, down 9% year over year and down 15% from the previous quarter.
Gross margin was 36.1%, down 6.8 points from a year earlier. Operating costs exceeded revenue by $5.4M, an operating margin of -6.0%. Operating expenses fell 1% while revenue fell 9%. The fastest-growing cost line was Sales & marketing (+49%). The quarter ended with a net loss of $7.8M, wider than the previous quarter's $6.7M loss. Minority interests bore $5.0M of it: to shareholders the quarter was a loss of $2.9M.
Operating cash flow was −$4.1M. Non-cash charges added back $2.6M of depreciation and amortization and $2.6M of share-based compensation. Working capital and other items used $1.5M. Capital expenditures of $1.2M exceeded it, leaving free cash flow of −$5.3M.
Questions
What was BRC's revenue in the first quarter 2025?
BRC (BRCC) reported revenue of $90.0M for the first quarter 2025 (Q1 2025), -9% from a year earlier and -15% from the quarter before.
Was BRC profitable in the first quarter 2025?
Operating loss was $5.4M (-6.0% of revenue) and net loss $7.8M.
Source: BRC 10-Q on SEC EDGAR.