Mister Car Wash(US:MCW) Globenewswire·2026-02-18 12:01Core Insights - Mister Car Wash reported a strong financial performance for the year ended December 31, 2025, achieving over $1 billion in revenue for the first time in its history, with a net income of $103.1 million [3][9][22] - The company experienced a 4% increase in net revenues to $261.2 million in Q4 2025 compared to Q4 2024, and comparable-store sales rose by 1.6% [9][22] - Membership in the Unlimited Wash Club® grew by 7% in Q4 2025, totaling nearly 2.3 million members, reflecting the strength of the company's customer value proposition [3][9] Financial Performance - For Q4 2025, net revenues were $261.2 million, up from $251.2 million in Q4 2024, marking a 4% increase [9][22] - Full-year net revenues increased by 6% to $1,051.7 million from $994.7 million in 2024 [9][22] - Adjusted EBITDA for Q4 2025 rose by 10% to $86.0 million, compared to $78.3 million in Q4 2024 [9][22] Membership and Location Growth - The company added 16 new greenfield locations in Q4 2025, contributing to a total of 548 locations by year-end, a 7% increase from 514 locations in 2024 [9][22] - The Unlimited Wash Club® memberships increased by 147,000 members year-over-year, reflecting a 7% growth [9][22] Income and Cash Flow - Net income for Q4 2025 was $20.1 million, with diluted earnings per share at $0.06 [9][22] - Free cash flow for the year was $30.3 million, a significant recovery from a negative $81.5 million in 2024 [15][29] - Cash and cash equivalents decreased to $28.5 million as of December 31, 2025, down from $67.5 million in 2024 [15][25] Operational Highlights - The company reported that UWC sales accounted for 79% of total wash sales in Q4 2025, up from 75% in Q4 2024 [9][22] - Total costs and expenses for Q4 2025 were $220.0 million, slightly up from $219.4 million in Q4 2024 [22][23]