Black Rock Coffee Bar, Inc. Reports Third Quarter 2025 Results

Core Insights - Black Rock Coffee Bar reported a total revenue growth of 24.2% year over year, reaching $51.5 million for the third quarter of 2025 [6][18] - Same store sales increased by 10.8% year over year, indicating strong performance across existing locations [2][6] - The company opened 11 new stores in the third quarter, contributing to its expansion strategy [2][6] Financial Performance - Total revenue for the third quarter was $51.5 million, up from $41.5 million in the same period last year [6][18] - The company experienced a net loss of $16.2 million compared to a net loss of $0.7 million in the prior year period [6][18] - Store-level profit increased to $15.2 million from $11.7 million year over year, reflecting improved operational efficiency [6][18] Balance Sheet & Liquidity - As of September 30, 2025, the company had cash and cash equivalents of $32.6 million and total term debt of $18.9 million [5][20] - The company repaid $30 million under its $50 million term loan facility, leaving $20 million outstanding [5][20] Initial Public Offering - Black Rock Coffee Bar successfully closed its IPO on September 15, 2025, raising approximately $306.5 million from the sale of 16,911,764 shares at $20.00 per share [4][6] Future Outlook - For the full year 2025, the company expects total revenue in the range of $199 to $200 million and same store sales growth in the high-single digits [7][6] - The company plans to open 30 new stores in 2025, further expanding its market presence [7][6] Key Performance Metrics - The average unit volume for stores was $1,260, an increase from $1,168 year over year [23] - The store-level profit margin improved to 29.6% from 28.1% in the previous year [23][27]