← BRC Inc.
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Net loss | $772k | ($4.3m) | $13.8m | ($338.0m) | ($56.7m) | ($7.6m) | ($32.2m) | — | |
| Depreciation and amortization | $933k | $1.4m | $2.9m | $4.4m | $7.3m | $10.1m | $12.2m | $9.8m | |
| Amortization of debt issuance costs | $314k | $133k | $358k | $317k | $549k | $1.2m | $1.1m | — | |
| Loss on impairment of assets | — | — | — | $0 | $0 | $6.1m | $3.4m | — | |
| Accounts receivable, net | ($243k) | ($3.0m) | ($3.8m) | ($14.9m) | ($2.8m) | ($8.6m) | ($1.5m) | ($3.4m) | |
| Inventories, net | $289k | ($10.9m) | ($4.8m) | ($56.3m) | ($8.2m) | ($10.1m) | ($12.0m) | — | |
| Recognition of revenue for inventory exchanged for prepaid advertising | — | — | $0 | $0 | $28.9m | $23.9m | $5.0m | — | |
| Accounts payable | $986k | $7.0m | $4.6m | ($6.1m) | $21.6m | $6.8m | ($3.8m) | $1.1m | |
| Accrued liabilities | $3.1m | $6.4m | $3.7m | $16.0m | ($1.8m) | ($7.9m) | $4.1m | ($8.8m) | |
| Deferred revenue and gift card liability | $593k | $3.3m | $2.7m | $2.2m | $1.5m | ($7.1m) | $115k | — | |
| Debt issuances costs accrued but not yet paid | — | — | — | $0 | $0 | $378k | $0 | — | |
| Other | — | — | $2.2m | $849k | $311k | $173k | $83k | — | |
| Prepaid expenses and other assets | ($692k) | ($1.1m) | ($5.3m) | ($184k) | $654k | $900k | $11.1m | — | |
| Other liabilities | ($656k) | $0 | $334k | $168k | $22k | $10.8m | ($2.6m) | — | |
| Net cash provided by (used in) operating activities | $4.1m |
$11.5m
+178.62%
|
($7.7m)
-166.61%
|
($116.2m)
-1410.73%
|
($25.0m)
+78.51%
|
$11.3m
+145.29%
|
($9.8m)
-186.75%
|
$10.3m
+204.88%
|
|
| Purchases of property, plant and equipment | ($1.0m) | ($9.8m) | ($19.3m) | ($30.4m) | ($27.2m) | ($8.7m) | ($3.7m) | — | |
| Proceeds from sale of property and equipment | $107k | $0 | $0 | $0 | $5.7m | $953k | $5.1m | — | |
| Property and equipment purchased but not yet paid | $183k | $140k | $803k | $2.3m | $1.9m | $304k | $32k | — | |
| Net cash provided by (used in) investing activities | ($1.1m) | ($9.8m) | ($19.3m) | ($30.4m) | ($21.5m) | ($7.7m) | $1.4m | $2.5m | |
| Loss on extinguishment of debt | — | $0 | $726k | $0 | $0 | $1.1m | $0 | — | |
| Proceeds from issuance of long-term debt, net of discount | $2.7m | $16.4m | $38.4m | $51.3m | $294.5m | $353.2m | $248.3m | $77.4m | |
| Debt issuance costs paid | — | — | ($338k) | ($279k) | ($4.3m) | ($706k) | ($225k) | — | |
| Repayment of long-term debt | ($4.7m) | ($7.3m) | ($20.1m) | ($38.8m) | ($268.2m) | ($361.6m) | ($279.7m) | — | |
| Payments of debt extinguishment costs | — | — | — | $0 | $0 | ($1.0m) | $0 | — | |
| Net cash provided by (used in) financing activities | ($2.2m) |
$28.8m
+1430.15%
|
$9.7m
-66.40%
|
$167.2m
+1627.79%
|
$21.4m
-87.21%
|
($10.7m)
-150.00%
|
$5.9m
+155.26%
|
($5.1m)
-185.57%
|
|
| Cash and cash equivalents, beginning of period | — | — | $35.6m | $18.3m | $39.0m | $12.4m | $4.3m | — | |
| Restricted cash, beginning of period | — | — | $0 | $0 | $1.5m | $0 | $0 | — | |
| Net decrease in cash, cash equivalents, and restricted cash | — | $30.6m | ($17.3m) | $20.7m | ($25.1m) | ($7.1m) | ($2.5m) | — | |
| Additional Supplementary Disclosures | |||||||||
| Additional Supplementary Disclosures | |||||||||
| Equity-based compensation | $143k | $1.9m | $3.2m | $6.1m | $7.0m | $10.6m | $10.3m | — | |
| Settlement of litigation by issuance of stock | — | — | — | — | $0 | $0 | $2.4m | — | |
| Loss on disposal of assets | — | — | $70k | $0 | $4.8m | $1.8m | $721k | — | |
| Paid-in-kind interest | $332k | $1.0m | $719k | $0 | $0 | $2.5m | $1.2m | — | |
| Operating lease liability | — | — | $0 | $776k | $891k | $560k | ($4.3m) | — | |
| Financing lease obligations | — | $0 | $0 | $3k | ($173k) | ($68k) | $6k | — | |
| Repayment of promissory note | — | — | $0 | $0 | ($1.0m) | ($1.0m) | ($1.0m) | — | |
| Issuance of stock from the Employee Stock Purchase Plan | — | — | $0 | $0 | $673k | $518k | $297k | — | |
| Proceeds received for settlement agreement | — | — | — | — | $0 | $0 | $1.0m | — | |
| Proceeds received for public offering, net of issuance costs | — | — | — | — | $0 | $0 | $37.3m | — | |
| Proceeds from exercise of stock options | — | — | — | $0 | $0 | $13k | $0 | — | |
| (Derecognition) Recognition of right-of-use operating lease assets | — | — | $0 | $20.1m | $18.5m | ($8.0m) | ($1.9m) | — | |
| Cash paid for income taxes | $14k | $114k | $147k | $277k | $562k | $425k | $132k | — | |
| Cash paid for interest | $332k | $1.0m | $719k | $1.3m | $4.5m | $9.0m | $5.4m | — |