Filing Flows › BRC (BRCC) › Q4 2025
BRC (BRCC) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 2, 2026
BRC (BRCC) reported revenue of $113M for the fourth quarter 2025 (Q4 2025), +6% from a year earlier and +12% from the quarter before. Operating margin was -6.3%, net loss $8.6M (7.7% of revenue).
BRC, Q4 2025: revenue $113M (+6% year over year), operating margin -6.3%, net loss $8.6M, operating cash flow −$8.7M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $113M | +12% | +6% |
| Operating profit | −$7.1M | -1463% | — |
| Net earnings | −$8.6M | — | — |
| Operating cash flow | −$8.7M | -237% | — |
What changed
Revenue was $112.7M in Q4 2025, up 6% year over year and up 12% from the previous quarter.
Gross margin was 32.1%, down 6.1 points from a year earlier. Operating costs exceeded revenue by $7.1M, an operating margin of -6.3%. Operating expenses grew 1% against revenue growth of 6%. The fastest-growing cost line was General & admin (+29%). The quarter ended with a net loss of $8.6M, wider than the previous quarter's $1.2M loss. Minority interests bore $5.4M of it: to shareholders the quarter was a loss of $3.2M.
Operating cash flow was −$8.7M. Non-cash charges added back $2.6M of depreciation and amortization and $2.6M of share-based compensation. Working capital and other items used $5.3M. Capital expenditures of $696K exceeded it, leaving free cash flow of −$9.4M.
Questions
What was BRC's revenue in the fourth quarter 2025?
BRC (BRCC) reported revenue of $113M for the fourth quarter 2025 (Q4 2025), +6% from a year earlier and +12% from the quarter before.
Was BRC profitable in the fourth quarter 2025?
Operating loss was $7.1M (-6.3% of revenue) and net loss $8.6M.
Source: BRC 10-K on SEC EDGAR.