BRC Inc. (BRCC)
BRC Inc., operating through its subsidiaries, focuses on sourcing, roasting, and distributing coffee, along with coffee accessories and branded apparel. The company also extends its activities to media production, including podcasts and both digital and print journals, and offers various coffee brewing equipment as well as outdoor and lifestyle gear. A core mission of BRC Inc. is to support active military members, veterans, and first responders. Consumers can purchase their products through a wide array of retail outlets, such as convenience, grocery, drug, and mass merchandise stores, as well as outdoor, DIY, and lifestyle retailers. Their offerings are also available at company-owned and franchised Black Rifle Coffee retail shops, in addition to their e-commerce platform. BRC Inc. was founded in 2014 and is headquartered in Salt Lake City, Utah.
Sector: Beverages
Industry: Packaged Foods
BRC Inc.
NYSE:BRCCConsumer Defensive · Packaged Foods
-0.82%$9.66
Prev close$9.74-0.82%Close$9.660.00%AH close$9.66
AH$9.66+0.00%vs close
Mkt Cap$242.16M
Float9.7M
O/S12.06M
Inst Own49.2%
Dilution
Financials Summary
Revenue$398.26M
Net Income-$11.91M
Total Assets$209.24M
Free Cash Flow-$13.47M
Debt & Equity
Debt 58%
Equity 42%
Total Debt$62.03M
Total Equity$45.65M
Shares Outstanding
Short Interest
Split History1 split · 1 reverse
2-year cumulative
1:10
Nasdaq bars a compliance period at 1:250
- 1:10Reverse splitAug 24, 202610 shares → 1
Balance Sheet Details
Assets$209.24M
Liabilities$141.23M
Accounts Receivable$35.06M
Accounts Payable$34.72M
Inventory$49.7M
PP&E (Net)$64.06M
Goodwill$0
Intangible Assets$300K
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Revenue | $398.26M | $391.49M | $395.62M | $301.31M | $233.1M | $163.91M | $82.13M |
| YoY Growth | 1.7% | -1.0% | 31.3% | 29.3% | 42.2% | 99.6% | - |
| Cost of Revenue | $260.32M | $230.32M | $270.18M | $202.13M | $143.41M | $94.5M | $46.42M |
| Gross Profit | $137.95M | $161.17M | $125.45M | $99.18M | $89.69M | $69.41M | $35.7M |
| Gross Margin | 34.6% | 41.2% | 31.7% | 32.9% | 38.5% | 42.3% | 43.5% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $93.95M | $148.87M | $173.46M | $166.94M | $101.27M | $63.63M | $35.82M |
| Other | $68.59M | $8.45M | $2.2M | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $162.54M | $157.33M | $175.66M | $166.94M | $101.27M | $63.63M | $35.82M |
| Operating Income (EBIT) | -$24.6M | $3.85M | -$50.21M | -$67.76M | -$11.58M | $5.78M | -$116K |
| Operating Margin | -6.2% | 1.0% | -12.7% | -22.5% | -5.0% | 3.5% | -0.1% |
| Interest Expense | $7.51M | $11.32M | $6.33M | $1.59M | $2.03M | $1.05M | $733K |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$7.51M | -$11.32M | -$6.32M | -$269.92M | -$2.09M | -$1.27M | -$642K |
| Income Before Tax (EBT) | -$32.1M | -$7.48M | -$56.53M | -$337.68M | -$13.67M | $4.51M | -$758K |
| Income Tax Expense | $132K | $172K | $185K | $367K | $178K | $185K | $14K |
| Net Income | -$11.91M | -$2.95M | -$16.75M | -$82.91M | -$13.85M | $4.32M | -$772K |
| Net Income Margin | -3.0% | -0.8% | -4.2% | -27.5% | -5.9% | 2.6% | -0.9% |
| Supplementary Data | |||||||
| EPS | -1.30 | -0.41 | -2.70 | -66.00 | -0.98 | 0.30 | -0.17 |
| Diluted EPS | -1.30 | -0.41 | -2.70 | -66.00 | -0.98 | 0.30 | -0.17 |
| Weighted Average OS | 9.52M | 7.11M | 6.09M | 5.12M | 14.19M | 14.19M | 4.40M |
| EBITDA | -$12.4M | $13.9M | -$42.94M | -$331.7M | -$8.74M | $7.16M | $908K |
| EBITDA Margin | -3.1% | 3.6% | -10.9% | -110.1% | -3.7% | 4.4% | 1.1% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Assets | |||||||
| Current Assets | |||||||
| Cash and Cash Equivalents | $4.33M | $6.81M | $12.45M | $38.99M | $18.33M | $35.23M | $5.04M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $4.33M | $6.81M | $12.45M | $38.99M | $18.33M | $35.23M | $5.04M |
| Accounts Receivable | $35.06M | $33.6M | $25.21M | $22.34M | $7.44M | $3.63M | $868K |
| Inventory | $49.7M | $42.65M | $56.47M | $77.18M | $20.87M | $16.04M | $5.14M |
| Other Current Assets | $11.23M | $12.41M | $13.62M | $6.78M | $0 | $0 | $0 |
| Total Current Assets | $100.33M | $95.47M | $107.74M | $145.29M | $53.02M | $57.09M | $12.21M |
| Long-Term Assets | |||||||
| Property, Plant & Equipment Net | $64.06M | $85.91M | $104.54M | $79.5M | $31.11M | $14.71M | $6.11M |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $300K | $359K | $418K | $225K | $167K | $191K | $217K |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $44.56M | $45.65M | $23.08M | $315K | $2.78M | $549K | $169K |
| Total Long-Term Assets | $108.92M | $131.91M | $128.04M | $80.04M | $34.06M | $15.45M | $6.5M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $209.24M | $227.38M | $235.78M | $225.33M | $87.08M | $72.54M | $18.71M |
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts Payable | $34.72M | $38.82M | $33.56M | $12.43M | $17.39M | $11.53M | $4.5M |
| Short-Term Debt | $2.4M | $2.05M | $2.3M | $2.14M | $11.98M | $866K | $2.23M |
| Current Income Tax Payable | $0 | $0 | $0 | $1.18M | $1.36M | $1.39M | $1.09M |
| Current Unearned Revenue | $4.03M | $3.92M | $11.03M | $9.51M | $7.33M | $4.62M | $1.3M |
| Other Current Liabilities | $8.43M | $8.14M | $6.88M | $7.39M | $2.8M | $5.16M | $2.47M |
| Total Current Liabilities | $76.09M | $75.22M | $84.11M | $62.19M | $59.02M | $33.54M | $18.34M |
| Long-Term Liabilities | |||||||
| Long-Term Debt | $32.31M | $63.03M | $68.68M | $47.02M | $22.71M | $12.17M | $565K |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $7.98M | $10.55M | $524K | $502K | $154.62M | $128.98M | $0 |
| Total Long-Term Liabilities | $65.13M | $102.67M | $105.16M | $67.21M | $177.56M | $141.88M | $1.62M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $141.23M | $177.89M | $189.27M | $129.4M | $236.57M | $175.42M | $19.96M |
| Stockholders' Equity | |||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $24K | $21K | $21K | $21K | -$129.5M | -$96.73M | $9.22M |
| Retained Earnings | -$135.34M | -$123.43M | -$120.48M | -$103.73M | -$20M | -$6.15M | -$10.47M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $180.97M | $136.58M | $133.73M | $129.51M | $0 | $0 | $0 |
| Total Equity | $45.65M | $13.17M | $13.27M | $25.8M | -$149.49M | -$102.88M | -$1.25M |
| Minority Interest | $22.36M | $36.32M | $33.24M | $70.14M | $0 | $0 | $0 |
| Total Liabilities and Equity | $186.88M | $191.06M | $202.54M | $155.19M | $87.08M | $72.54M | $18.71M |
| Supplementary Data | |||||||
| Total Debt | $62.03M | $96.7M | $109.24M | $70.3M | $35M | $14.23M | $4.26M |
| Net Debt | $57.7M | $89.89M | $96.79M | $31.31M | $16.67M | -$21M | -$778K |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Operating Activities | |||||||
| Net Income | -$32.23M | -$7.65M | -$16.75M | -$338.04M | -$13.85M | $4.32M | -$772K |
| Depreciation & Amortization | $12.2M | $10.06M | $7.26M | $4.38M | $2.9M | $1.38M | $933K |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $47K |
| Stock-Based Compensation | $10.31M | $10.61M | $6.97M | $6.08M | $3.2M | $1.93M | $143K |
| Changes in Working Capital: | |||||||
| Accounts Receivable | -$1.54M | -$8.63M | -$2.77M | -$14.89M | -$3.76M | -$2.96M | -$243K |
| Inventory | -$12.02M | -$10.11M | -$8.18M | -$56.31M | -$4.83M | -$10.9M | $289K |
| Accounts Payable | -$3.83M | $6.81M | $21.56M | -$6.15M | $4.65M | $7.03M | $986K |
| Other Working Capital | $8.39M | -$2.73M | $1.28M | $18.92M | $1.41M | $8.98M | $2.45M |
| Total Working Capital Change | -$8.99M | -$14.66M | $11.89M | -$58.44M | -$2.54M | $2.16M | $3.48M |
| Other Non-Cash Items | $8.91M | $12.96M | -$34.35M | $269.83M | $2.6M | $1.76M | $314K |
| Net Cash from Operating | -$9.81M | $11.31M | -$24.97M | -$116.19M | -$7.69M | $11.55M | $4.14M |
| Investing Activities | |||||||
| Capital Expenditures | -$3.66M | -$8.67M | -$27.22M | -$30.4M | -$19.29M | -$9.76M | -$1.04M |
| Acquisitions | $5.08M | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $953K | $5.71M | $0 | $0 | $0 | -$63K |
| Net Cash from Investing | $1.42M | -$7.71M | -$21.51M | -$30.4M | -$19.29M | -$9.76M | -$1.11M |
| Financing Activities | |||||||
| Debt Repaid | $32.66M | $9.48M | -$25.06M | -$12.84M | -$17.02M | -$8.65M | $2.37M |
| Common Stock Issuance | $37.57M | $518K | $673K | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | -$20.14M | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $1M | -$1.73M | -$4.33M | $302.41M | -$338K | -$124.94M | $201K |
| Net Cash from Financing | $5.91M | -$10.7M | $21.4M | $167.25M | $9.68M | $28.81M | -$2.17M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$2.48M | -$7.1M | -$25.08M | $20.66M | -$17.3M | $30.6M | $872K |
| Supplementary Data | |||||||
| Operating Cash Flow | -$9.81M | $11.31M | -$24.97M | -$116.19M | -$7.69M | $11.55M | $4.14M |
| Capital Expenditure | -$3.66M | -$8.67M | -$27.22M | -$30.4M | -$19.29M | -$9.76M | -$1.04M |
| Free Cash Flow | -$13.47M | $2.64M | -$52.19M | -$146.59M | -$26.98M | $1.79M | $3.1M |
| Cash at Beginning | $6.81M | $13.91M | $38.99M | $18.33M | $35.63M | $5.04M | $4.16M |
| Cash at End | $4.33M | $6.81M | $13.91M | $38.99M | $18.33M | $35.63M | $5.04M |