Income statement, balance sheet and cash flow statement for the last 3 fiscal years, taken from the XBRL data Black Rock Coffee Bar, Inc. files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2023
FY2025
FY2025
Revenue
133
161
200
Cost of revenue
100
116
142
Gross profit
32.9
45
58.7
Selling, general and administrative
20.3
25.3
41.3
Operating income
2.04
6.03
0.9
Interest income
0.54
0.65
0.43
Other non-operating income
0.57
-1.84
-7.62
Pre-tax income
-8.34
-6.92
-16.1
Income tax
0.36
0.27
0.48
Net income to minority interests
0.12
0.02
-0.1
Net income
-8.82
-7.21
-0.06
EBITDA
10.6
16.4
13.1
EPS, basic
0.00
EPS, diluted
0.00
Shares, basic (weighted)
17
Shares, diluted (weighted)
17
Balance sheet
FY2023
FY2025
FY2025
Cash and equivalents
17.2
10.2
28.4
Receivables
4.3
3.45
Inventory
2.06
2.9
Total current assets
19.4
40.1
Property, plant and equipment
70
101
Lease right-of-use assets
102
127
Goodwill
9.36
9.36
Intangible assets
7.34
5.81
Other non-current assets
0
0.28
Total assets
213
336
Accounts payable
6.62
12.1
Accrued liabilities
3.4
7.99
Deferred revenue
1.19
2.13
Short-term debt
0.93
0.84
Total current liabilities
33.3
38.6
Long-term debt
89.3
25.9
Lease liabilities
107
128
Total liabilities
230
232
Total debt
90.2
27.9
Paid-in capital
45.7
Retained earnings
-0.06
Shareholders' equity
-258
45.7
Minority interests
0
59
Total equity
-258
105
Total liabilities and equity
213
336
Cash flow statement
FY2023
FY2025
FY2025
Net income
-8.7
-7.19
-16.5
Depreciation and amortization
8.52
10.4
12.2
Stock-based compensation
0
0
2.08
Deferred income tax
0
0
0.19
Change in receivables
0.29
-3.53
0.22
Change in inventory
0.33
-0.6
-0.84
Change in payables
-1.76
0.03
3.53
Cash from operations
5.17
13.3
2.19
Capital expenditures
-16.2
-22.2
-34.9
Cash from investing
-15.4
-22.9
-35.3
Debt issued
0
12.5
74.7
Debt repaid
-0.8
-0.89
-144
Share buybacks
-14.6
-3.43
Cash from financing
21.6
2.64
51.3
Net change in cash
11.3
-6.97
18.2
Free cash flow
-11
-8.87
-32.7
Interest paid
9.41
10.1
9.3
Income taxes paid
0.2
0.28
0.34
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $7.19 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
29.8%
Gross profit / revenue.
Operating margin
1.0%
Operating income / revenue.
EBITDA margin
7.1%
EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin
-4.1%
Pre-tax income / revenue.
Net margin
0.7%
Net income / revenue.
FCF margin
-17.9%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
5.8%
Cash from operations / revenue.
Return on equity (ROE)
2.8%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
0.4%
Net income / average total assets.
Return on invested capital (ROIC)
2.4%
Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
SG&A / revenue
20.4%
Selling, general and administrative expense / revenue.
Stock-based pay / revenue
2.0%
Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue
23.7%
Capital expenditures / revenue.
D&A / revenue
6.2%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
24.5%
Revenue vs the same period a year earlier. Only from a positive base.
Gross profit growth, 1y
30.5%
Gross profit vs the same period a year earlier. Only from a positive base.
Operating income growth, 1y
-85.1%
Operating income vs the same period a year earlier. Only from a positive base.
EBITDA growth, 1y
-20.1%
EBITDA vs the same period a year earlier. Only from a positive base.
Operating cash flow growth, 1y
-83.5%
Operating cash flow vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y
58.0%
Total assets vs the same period a year earlier. Only from a positive base.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
0.71x
Current assets / current liabilities.
Quick ratio
0.51x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.39x
(Cash + short-term investments) / current liabilities.
Debt / equity
0.58x
Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets
8.1%
Total debt / total assets.
Liabilities / assets
72.1%
Total liabilities / total assets.
Net debt
$15.6M
Total debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA
0.98x
Net debt / EBITDA (twelve months), when EBITDA is positive.
Days inventory + days sales outstanding - days payables.
FCF conversion
-2,607.0%
Free cash flow / net income, when net income is positive.
Capex / operating cash flow
409.1%
Capital expenditures / cash from operations, when that is positive.
Per share
Metric
Value
How it is calculated
EPS, diluted
$0.07
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share
$10.54
Revenue / diluted weighted shares.
FCF per share
-$1.89
Free cash flow / diluted weighted shares.
Operating cash flow per share
$0.61
Cash from operations / diluted weighted shares.
Book value per share
$2.57
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/E
234x
Market cap / net income. Only when net income is positive.
P/S
1.61x
Market cap / revenue.
P/B
6.59x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
8.91x
Market cap / tangible book value, when positive.
P/OCF
27.8x
Market cap / cash from operations, when positive.
EV/Sales
1.68x
Enterprise value / revenue.
EV/EBIT
174x
Enterprise value / operating income, when both are positive.
EV/EBITDA
23.6x
Enterprise value / EBITDA, when both are positive.
FCF yield
-11.1%
Free cash flow / market cap.
Earnings yield
0.4%
Net income / market cap (the inverse of P/E).
What was Black Rock Coffee Bar, Inc.'s revenue in fiscal 2025?
Black Rock Coffee Bar, Inc. reported revenue of $200.3M for fiscal 2025, 24.5% higher than the year before.
Was Black Rock Coffee Bar, Inc. profitable in fiscal 2025?
No. It reported a net loss of $60.0K.
How much free cash flow did Black Rock Coffee Bar, Inc. generate in fiscal 2025?
Cash from operations of $2.2M minus capital expenditures of $34.9M left free cash flow of -$32.7M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.