Black Rock Coffee Bar, Inc.

Black Rock Coffee Bar is expanding its footprint in the Austin area with the opening of its 11th location in Georgetown, Texas. The new store, located at 100 Woodlake Dr. Unit 400, will officially open on June 30th, 2026, and will feature special promotions during its opening week. This expansion reinforces the brand's steady growth, now boasting over 190 retail locations across seven states.

Black Rock Coffee Bar, Inc. entered into an irrevocable proxy on May 15, 2026, granting the Company and its CEO voting control over Class A, B, or C common stock held by certain Class C shareholders for at least two years. Concurrently, the company amended its Registration Rights Agreement, increasing demand registration requests for Cynosure Investors from three to four. Additionally, a previous voting agreement with Cynosure Investors and Founder Investors, which mandated voting for co-founders on the board, was terminated, effective May 15, 2026, following share purchases by Sponsor-associated entities.

Black Rock Coffee Bar announced that entities affiliated with its founders have completed a transaction with The Cynosure Group, LLC. As a result, Cynosure acquired all equity interests pledged by the founders as collateral for their margin loan, which is now fully extinguished. Cynosure has acquired approximately 13.6 million shares of Black Rock Coffee Bar common stock, deepening its partnership with the company. The founders will remain active board members and significant shareholders, and both companies expressed optimism about Black Rock Coffee Bar's future growth and expansion.

Black Rock Coffee Bar is expanding its footprint in the Phoenix Valley with the opening of two new locations this week. A store in Mesa will open on May 20th, followed by a Tempe location on May 21st. These additions will bring Black Rock's total Phoenix presence to 57 locations, underscoring the brand's steady growth. The company will offer $3 medium drinks on opening days and continue celebrations with exclusive sticker giveaways.

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.

Black Rock Coffee Bar reported strong first-quarter 2026 financial results, with total revenue increasing 23.7% year-over-year to $55.5 million. The company achieved a net income of $1.8 million, a significant improvement from a net loss in the prior year, and adjusted EBITDA grew 23.5% to $7.4 million. Same store sales increased by 5.2%, and 9 new stores were opened during the quarter. The company reaffirmed its full-year 2026 guidance, including 36 new store openings and total revenue between $255 million and $257 million.

Mark Davis, CEO of Black Rock Coffee Bar, has been recognized as a finalist for the 2026 EY Entrepreneur Of The Year® Pacific Southwest Award. This recognition highlights his leadership and entrepreneurial vision, contributing to the company's sustained growth and performance. Under Davis's leadership, Black Rock Coffee Bar reported 2025 total revenue of $200.3 million, a 24.5% increase, and achieved 10.1% same-store sales growth while opening 32 new locations. The company also completed a successful IPO in 2025, raising nearly $300 million, and is pursuing a growth strategy targeting over 20% annual new-unit and long-term revenue growth.