Black Rock Coffee Bar, Inc. Class A (BRCB) AI Stock Analysis

• Market Cap: $980.09M
• Dividend Yield: N/A
• Average Volume (3M): 457.12K
• Price to Earnings (P/E): ―
• Beta (1Y): 3.47
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: US
• Employees: 161
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Food Confectioners
• EPS (TTM): N/A
• Shares Outstanding: 17,478,453
• 10 Day Avg. Volume: 645,640
• 30 Day Avg. Volume: 457,120
• PEG Ratio: 1.97
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 2.61
• P/FCF Ratio: -43.72
• Enterprise Value/Market Cap: 1.41
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $27.75
• Price Target Upside: 52.39% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 5
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 48 Neutral
• Price Target: $19.50 ▲(7.08% Upside)

Black Rock Coffee Bar, Inc. faces significant financial challenges, particularly in profitability and leverage, which weigh heavily on the overall score. The technical analysis shows some short-term bullish momentum, but potential overbought conditions could limit upside. The absence of valuation metrics adds uncertainty. However, the successful IPO and financial restructuring are positive steps towards improving financial stability and growth prospects.

Positive Factors

Revenue Growth Momentum

Sustained ~21% YoY revenue growth indicates rising customer demand and successful unit or same-store expansion. Over a 2–6 month horizon this underpins scalability of the retail model and supports franchise rollouts, enabling leverage of fixed costs as the store base expands.

Healthy Gross Margin

A near-50% gross margin signals strong product-level economics and pricing power for premium coffee and food offerings. This margin buffer supports long-term profitability potential once operating leverage improves, and provides resilience versus commodity or input cost swings.

Access to Capital

Completion of an IPO plus a JPMorgan credit agreement materially improves liquidity and longer-term funding optionality. This structural financing access supports growth investments, potential debt refinancing, and franchise funding without immediate cash strain.

Negative Factors

High Leverage / Negative Equity

Negative equity and debt exceeding book equity reflect elevated leverage that constrains financial flexibility. Over months this raises refinancing and covenant risk, limits capital allocation choices, and increases vulnerability to revenue shocks or rising interest rates.

Negative Net Profitability

Despite solid top-line growth, a negative net margin shows operating costs and other expenses erode earnings. Persisting losses mean the business must improve operating efficiency or pricing to reach sustainable profitability, otherwise growth can worsen cash strain.

Negative Free Cash Flow

Negative free cash flow indicates ongoing cash outflows after investments, requiring external funding to support expansion and debt service. Structurally, sustained negative FCF elevates refinancing risk and may force slower organic growth or dilutive capital raises.

Black Rock Coffee Bar, Inc. Class A Business Overview & Revenue Model

Company Description

Black Rock Coffee Bar, Inc. is a holding company, which engages in the provision of caffeinated beverages. It offers roasted coffees, teas, smoothies, and flavorful energy drinks. The company was founded by Daniel Brand, Jeff Hernandez, Jake Spellmeyer, and Bryan Pereboom in 2008 and is headquartered in Scottsdale, AZ.

How the Company Makes Money

Black Rock Coffee Bar generates revenue through multiple streams, primarily from the sale of coffee and espresso beverages, teas, and food items at its retail locations. The company also benefits from drive-thru services, which enhance convenience for customers and increase sales volume. Additional revenue comes from the sale of branded merchandise and packaged coffee products. The company has established partnerships with suppliers for high-quality coffee beans and may engage in promotional collaborations with other brands to enhance its market presence. Franchise opportunities also contribute to revenue, allowing for expansion without significant capital expenditure from the company.

Black Rock Coffee Bar, Inc. Class A Financial Statement Overview

Summary

Income Statement

Balance Sheet

Cash Flow

Breakdown	Dec 2024	Dec 2023
Income Statement
Total Revenue	160.92M	133.16M
Gross Profit	79.29M	61.00M
EBITDA	1.96M	11.67M
Net Income	-3.74M	-8.82M
Balance Sheet
Total Assets	212.91M	177.18M
Cash, Cash Equivalents and Short-Term Investments	10.23M	17.20M
Total Debt	205.60M	162.90M
Total Liabilities	229.57M	179.89M
Stockholders Equity	-16.66M	-3.15M
Cash Flow
Free Cash Flow	-9.62M	-11.24M
Operating Cash Flow	13.30M	5.17M
Investing Cash Flow	-22.92M	-15.45M
Financing Cash Flow	2.64M	21.56M

Black Rock Coffee Bar, Inc. Class A Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DRI	76 Outperform	$24.71B	22.49	54.10%	3.06%	8.61%	9.39%
DPZ	68 Neutral	$13.53B	23.39	―	1.63%	3.92%	4.98%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
JACK	49 Neutral	$434.25M	-4.85	―	9.34%	-6.75%	-118.94%
BRCB	48 Neutral	$980.09M	―	―	―	―	―
DENN	48 Neutral	$321.87M	31.92	―	―	0.93%	-41.47%
ARKR	40 Underperform	$23.44M	-2.04	-29.84%	―	-9.70%	-194.23%