UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period From ___to___ Commission File Number 001-40542 Mister Car Wash, Inc. (Exact name of Registrant as specified in its Charter) | Delaware | 47-1393909 | | --- | --- | | (S ...

Mister Car Wash, Inc. (NYSE:MCW) Q3 2022 Earnings Conference Call November 10, 2022 4:30 PM ET Company Participants John Lai - Chairperson and CEO Jedidiah Gold - CFO Conference Call Participants Elizabeth Suzuki - Bank of America Simeon Siegel - BMO Capital Markets Michael Lasser - UBS Peter Keith - Piper Sandler Michael Kessler - Morgan Stanley Justin Kleber - Baird David Bellinger - MKM Partners Operator Good afternoon, and welcome to Mister Car Wash's conference call to discuss financial results for the ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-40542 Mister Car Wash, Inc. (Exact name of registrant as specified in its charter) Delaware 47-1393909 (State or other jurisd ...

Mister Car Wash, Inc. (NYSE:MCW) Q2 2022 Earnings Conference Call August 11, 2022 4:30 PM ET Company Participants Megan Everett - Senior Director, Communications John Lai - Chairperson and Chief Executive Officer Jed Gold - Chief Financial Officer Conference Call Participants Randy Konik - Jefferies Simeon Gutman - Morgan Stanley Simeon Siegel - BMO Capital Markets Michael Lasser - UBS Elizabeth Suzuki - Bank of America Chris O???Cull - Stifel Ryan Sundby - William Blair Operator Good afternoon and welcome ...

PART I. FINANCIAL INFORMATION [Item 1. Financial Statements (Unaudited)](index=4&type=section&id=Item%201.%20Financial%20Statements%20(Unaudited)) This section presents the unaudited condensed consolidated financial statements for the three and six months ended June 30, 2022, including balance sheets, statements of operations, cash flows, and stockholders' equity, with notes on accounting policies, business combinations, and debt structure [Condensed Consolidated Balance Sheets](index=4&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) As of June 30, 2022, total assets increased to $2.56 billion from $2.45 billion, while total liabilities remained stable at $1.81 billion, and stockholders' equity grew to $747.4 million Balance Sheet Highlights | Balance Sheet Items | June 30, 2022 ($ thousands) | December 31, 2021 ($ thousands) | | :--- | :--- | :--- | | **Total Current Assets** | 75,817 | 58,844 | | **Total Assets** | **2,560,961** | **2,448,102** | | **Total Current Liabilities** | 135,863 | 130,229 | | **Total Liabilities** | **1,813,555** | **1,790,950** | | **Total Stockholders' Equity** | **747,406** | **657,152** | [Condensed Consolidated Statements of Operations and Comprehensive Income](index=5&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations%20and%20Comprehensive%20Income) For Q2 2022, the company reported net income of $35.7 million on revenues of $225.2 million, a significant improvement from a net loss of $110.3 million in Q2 2021, largely due to reduced IPO-related stock compensation Statements of Operations - Three Months Ended June 30 | Metric (in thousands, except EPS) | Three Months Ended June 30, 2022 | Three Months Ended June 30, 2021 | | :--- | :--- | :--- | | Net Revenues | $225,159 | $197,080 | | Operating Income (Loss) | $54,315 | $(137,946) | | Net Income (Loss) | $35,659 | $(110,300) | | Diluted EPS | $0.11 | $(0.42) | Statements of Operations - Six Months Ended June 30 | Metric (in thousands, except EPS) | Six Months Ended June 30, 2022 | Six Months Ended June 30, 2021 | | :--- | :--- | :--- | | Net Revenues | $444,578 | $372,588 | | Operating Income (Loss) | $106,249 | $(91,021) | | Net Income (Loss) | $71,147 | $(85,716) | | Diluted EPS | $0.22 | $(0.33) | [Condensed Consolidated Statements of Cash Flows](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) For H1 2022, net cash from operations increased to $134.6 million, while cash used in investing activities rose to $119.8 million due to acquisitions and capital expenditures, and financing activities resulted in a $3.1 million inflow Cash Flow Summary - Six Months Ended June 30 | Cash Flow Activity ($ thousands) | Six Months Ended June 30, 2022 | Six Months Ended June 30, 2021 | | :--- | :--- | :--- | | Net cash provided by operating activities | 134,615 | 119,675 | | Net cash used in investing activities | (119,766) | (66,645) | | Net cash provided by (used in) financing activities | 3,062 | (12,564) | | **Net change in cash** | **17,911** | **40,466** | [Notes to Condensed Consolidated Financial Statements](index=9&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) The notes provide detailed context for the financial statements, covering the company's 409 car washes, IPO details, accounting policies, business combinations (e.g., $58.9 million acquisition), and debt structure including a $901.2 million First Lien Term Loan - As of June 30, 2022, the Company operated **409 car washes** across 21 states[25](index=25&type=chunk) - In the first six months of 2022, the company acquired **five conveyorized car washes** for approximately **$58.9 million** in cash[113](index=113&type=chunk) - The company's long-term debt primarily consists of a First Lien Term Loan with an outstanding balance of **$901.2 million** as of June 30, 2022, maturing in 2026[52](index=52&type=chunk)[53](index=53&type=chunk) - Total stock-based compensation expense for the six months ended June 30, 2022 was **$11.5 million**, a significant decrease from **$203.5 million** in the same period of 2021, due to IPO-related vesting[104](index=104&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=24&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses a 14% revenue increase in Q2 2022, driven by 20% UWC member growth to 1.8 million, with UWC sales at 66% of total wash sales, while Adjusted EBITDA margin contracted to 33.1% due to inflationary pressures [Key Performance Indicators](index=25&type=section&id=Key%20Performance%20Indicators) Key metrics indicate continued growth in subscription base and location footprint, with 409 locations and 1.84 million UWC members, though comparable store sales growth moderated to 2% and Adjusted EBITDA margin was 33.1% Key Performance Indicators - Q2 | Key Metric | Q2 2022 | Q2 2021 | | :--- | :--- | :--- | | Location count (end of period) | 409 | 351 | | Comparable store sales growth | 2% | 93% | | UWC Members (in thousands) | 1,841 | 1,534 | | UWC sales as a % of total wash sales | 66% | 62% | | Adjusted EBITDA ($ thousands) | $74,476 | $73,078 | | Adjusted EBITDA margin | 33.1% | 37.1% | - The company's growth strategy includes both acquisitions and greenfield development, with **seven greenfield locations** opened and **six locations acquired** in the first six months of 2022[128](index=128&type=chunk)[135](index=135&type=chunk) [Results of Operations](index=29&type=section&id=Results%20of%20Operations) Q2 2022 net revenues grew 14% to $225.2 million, driven by new locations and UWC growth, while operating income reached $54.3 million, reversing a prior-year loss due to reduced IPO-related stock compensation and despite inflationary pressures on other operating costs - Q2 2022 net revenue increased by **$28.1 million (14%)** year-over-year, primarily due to UWC member growth and the addition of **58 net new locations** since Q2 2021[163](index=163&type=chunk) - The significant year-over-year decreases in 'Cost of labor and chemicals' and 'General and administrative' expenses were primarily driven by the non-recurrence of stock-based compensation charges totaling over **$200 million** recognized upon the IPO in June 2021[164](index=164&type=chunk)[167](index=167&type=chunk) - Excluding the prior-year stock compensation, labor and benefits costs increased by **$11.0 million** and other store operating expenses rose by **$13.7 million** in Q2 2022, reflecting growth in store count and inflationary pressures[164](index=164&type=chunk)[166](index=166&type=chunk) [Liquidity and Capital Resources](index=33&type=section&id=Liquidity%20and%20Capital%20Resources) The company maintains a solid liquidity position with $37.7 million in cash and $149.0 million available under its Revolving Commitment, supported by $134.6 million in net cash from operations for H1 2022, sufficient to fund future operations and growth - As of June 30, 2022, the company had cash and cash equivalents of **$37.7 million** and available borrowing capacity of **$149.0 million** under its Revolving Commitment[182](index=182&type=chunk) - Net cash provided by operating activities for the first six months of 2022 was **$134.6 million**, an increase from **$119.7 million** in the same period of 2021[187](index=187&type=chunk)[188](index=188&type=chunk) [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=35&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company faces market risks from interest rate fluctuations on its $901.2 million variable-rate debt, partially mitigated by an interest rate swap, and acknowledges the impact of recent inflation on its financial condition - The company is exposed to interest rate risk on its **$901.2 million** of variable rate debt, where a **100 basis point (1%)** change would impact annual interest expense by approximately **$9 million**[200](index=200&type=chunk) - An interest rate swap is used to mitigate interest rate variability on a notional amount of **$550.0 million** of its term loan[201](index=201&type=chunk) - The company has recently experienced the effects of inflation on its results of operations and financial condition[202](index=202&type=chunk) [Item 4. Controls and Procedures](index=35&type=section&id=Item%204.%20Controls%20and%20Procedures) Management, including the CEO and CFO, concluded that disclosure controls and procedures were effective as of June 30, 2022, with no material changes to internal control over financial reporting identified during the quarter - Management, including the CEO and CFO, concluded that as of June 30, 2022, the company's disclosure controls and procedures were effective[204](index=204&type=chunk) - There were no changes during the quarter that materially affected, or are reasonably likely to materially affect, the company's internal control over financial reporting[205](index=205&type=chunk) PART II. OTHER INFORMATION [Item 1. Legal Proceedings](index=36&type=section&id=Item%201.%20Legal%20Proceedings) The company is involved in routine claims and lawsuits but is not currently a party to any material legal proceedings - The company is not party to any material legal proceedings[207](index=207&type=chunk) [Item 1A. Risk Factors](index=36&type=section&id=Item%201A.%20Risk%20Factors) This section confirms no material changes to the risk factors previously disclosed in the company's 2021 Form 10-K - There have been no material changes to the risk factors previously disclosed in the company's 2021 Form 10-K[208](index=208&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=36&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company reported no unregistered sales of equity securities or use of proceeds for the period - None[209](index=209&type=chunk) [Item 6. Exhibits](index=37&type=section&id=Item%206.%20Exhibits) This section lists all exhibits filed with the Form 10-Q, including certifications from the CEO and CFO as required by the Sarbanes-Oxley Act and XBRL financial data files - The report includes certifications from the CEO and CFO pursuant to Sections 302 and 906 of the Sarbanes-Oxley Act[216](index=216&type=chunk)

Mister Car Wash, Inc. (NYSE:MCW) Q1 2022 Earnings Conference Call May 12, 2022 4:00 PM ET Company Participants John Lai - Chairman & CEO Jed Gold - CFO Megan Everett - Senior Director of Communications Conference Call Participants Michael Kessler - Morgan Stanley Michael Lasser - UBS Simeon Siegel - BMO Capital Markets Elizabeth Suzuki - Bank of America Kate McShane - Goldman Sachs Chris O'Cull - Stifel Financial Corp. Ryan Sundby - William Blair Jacob Moser - Wolfe Research Operator Good afternoon, and wel ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-40542 Mister Car Wash, Inc. (Exact name of registrant as specified in its charter) Delaware 47-1393909 (State or other jurisdicti ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number 001-40542 Mister Car Wash, Inc. (Exact name of Registrant as specified in its Charter) Delaware 47-1393909 (State or other jurisdiction o ...

Mister Car Wash, Inc. (NYSE:MCW) Q4 2021 Results Conference Call March 24, 2022 4:30 PM ET Company Participants Megan Everett - Senior Director of Communications John Lai - Chief Executive Officer Jed Gold - Chief Financial Officer Conference Call Participants Simeon Siegel - BMO Capital Markets Jackie Sussman - Morgan Stanley Michael Lasser - UBS Chris O'Cull - Stifel Peter Keith - Piper Sandler Ryan Sundby - William Blair Jake Moser - Wolfe Research Operator Good afternoon and welcome to Mister Car Wash' ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-40542 Mister Car Wash, Inc. (Exact name of registrant as specified in its charter) | Delaware | 47-1393909 | | --- | --- | | ...