Quarterly ResultApr 29, 2026, 04:07 PM
MCW Q1 Net Income +26.7% to $34.2M; Revenue +6% to $277.9M
AI Summary
Mister Car Wash, Inc. reported strong first-quarter 2026 financial results, with net revenues increasing 6% to $277.9 million and net income surging 26.7% to $34.2 million. Comparable-store sales grew 3.9%, and Unlimited Wash Club memberships expanded by 11% to 2.5 million. The company also opened 2 new greenfield locations, bringing its total to 549. Notably, the company will not host an earnings conference call due to a separately announced transaction with Leonard Green & Partners.
Key Highlights
- Net revenues increased 6% to $277.9 million from $261.7 million YoY.
- Net income increased 26.7% to $34.2 million; diluted EPS rose 25.5% to $0.10.
- Adjusted EBITDA increased 13% to $96.7 million.
- Comparable-store sales increased 3.9% during the quarter.
- Unlimited Wash Club (UWC) memberships grew 11% to 2.5 million members.
- Opened 2 new greenfield locations, bringing total to 549 car wash locations.
- Cash and cash equivalents totaled $54.6 million as of March 31, 2026.
- Company will not host an earnings call due to a transaction with Leonard Green & Partners.