Quarterly ResultMay 13, 2026, 06:08 AM
Black Rock Coffee Q1 Revenue $55.45M; Net Income $1.8M
AI Summary
Black Rock Coffee Bar, Inc. reported a significant increase in total revenue to $55.45 million for the first quarter of 2026, up from $44.82 million in the prior year. The company achieved a net income of $1.80 million, a turnaround from a net loss of $0.88 million in Q1 2025. This quarter marks the first full reporting period since its IPO in September 2025 and the subsequent refinancing of its credit facilities, contributing to improved financial performance.
Key Highlights
- Total revenue for Q1 2026 increased to $55.45 million from $44.82 million in Q1 2025.
- Net income for Q1 2026 was $1.80 million, compared to a net loss of $0.88 million in Q1 2025.
- Net income attributable to Black Rock Coffee Bar, Inc. was $0.38 million for Q1 2026.
- Basic and diluted EPS for Class A common stock was $0.02 for Q1 2026.
- Cash and cash equivalents stood at $20.02 million as of March 31, 2026.
- Net cash provided by operating activities increased to $6.79 million in Q1 2026 from $3.43 million in Q1 2025.
- The company operated 190 stores across seven U.S. states as of March 31, 2026.
- Completed an IPO on September 15, 2025, raising approximately $306.5 million net proceeds.
- Refinanced its Prior Credit Facility with new $50.0 million term loan and $25.0 million revolving credit facility.
Price Impact
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