Black Rock Coffee Bar, Inc. (BRCB) Balance Sheet
BRCB balance sheet, 2025
December 31, 2025 · U.S. dollars$336.4M assets = $231.7M liabilities + $104.7M equity
Both columns are drawn to the same scale: what BRCB owns equals what it owes plus shareholders’ equity. Hover a block for its value.
BRCB financial health
Descriptive bands, not a rating. Fiscal 2025.
BRCB balance sheet trends, 2023–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $177.2M2023 | $336.4M2025 | +37.8%/yr | |
| Total liabilities | $179.9M2023 | $231.7M2025 | +13.5%/yr | |
| Shareholders’ equity | −$3.1M2023 | $45.7M2025 | — | |
| Cash & short-term investments | $17.2M2023 | $28.4M2025 | +28.5%/yr | |
| Total debt | $162.9M2023 | $164.1M2025 | +0.4%/yr | |
| Net cash (debt) | −$145.7M2023 | −$135.6M2025 | +$10.1M | |
| Working capital | −$4.3M2023 | $1.5M2025 | +$5.9M | |
| Book value per share | −$0.212023 | $2.682025 | — | |
| Current ratio | 0.832023 | 1.042025 | +0.21 | |
| Shares outstanding | 15.3M2023 | 17.0M2025 | +5.6%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
BRCB assets
BRCB liabilities and equity
BRCB debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
BRCB balance sheet
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Assets | |||
| Cash & short-term investments | $28.4M | $10.2M | $17.2M |
| Cash & equivalents | $28.4M | $10.2M | $17.2M |
| Receivables | $3.5M | $4.3M | $777,000 |
| Inventory | $2.9M | $2.1M | $1.5M |
| Other current assets | $5.4M | $2.9M | $1.9M |
| Total current assets | $40.1M | $19.4M | $21.4M |
| Property, plant & equipment (net) | $228.1M | $171.6M | $132.3M |
| Goodwill & intangible assets | $15.2M | $16.7M | $17.9M |
| Long-term investments | $0 | $0 | $0 |
| Other non-current assets | $53.0M | $5.2M | $5.6M |
| Total assets | $336.4M | $212.9M | $177.2M |
| Liabilities | |||
| Accounts payable | $12.1M | $6.6M | $6.6M |
| Short-term debt | $9.8M | $9.3M | $8.7M |
| Total current liabilities | $38.6M | $33.3M | $25.7M |
| Long-term debt | $25.9M | $89.3M | $78.3M |
| Lease obligations | $137.3M | $115.4M | $83.8M |
| Other long-term liabilities | $167.2M | $107.0M | $75.9M |
| Total liabilities | $231.7M | $229.6M | $179.9M |
| Shareholders' equity | |||
| Retained earnings (deficit) | −$60,000 | −$257.8M | −$226.5M |
| Minority interest | $59.0M | $0 | $436,000 |
| Total shareholders' equity | $45.7M | −$16.7M | −$3.1M |
| Key figures | |||
| Total debt | $164.1M | $205.6M | $162.9M |
| Net cash (debt) | −$135.6M | −$195.4M | −$145.7M |
| Working capital | $1.5M | −$13.9M | −$4.3M |
| Tangible book value | $30.5M | −$33.4M | −$21.1M |
| Book value per share | $2.68 | −$1.09 | −$0.21 |
| Shares outstanding | 17.0M | 15.3M | 15.3M |
| Current ratio | 1.04 | 0.58 | 0.83 |
| Quick ratio | 0.83 | 0.44 | 0.70 |
| Debt / equity | 3.59 | — | — |
| Equity / assets | 13.6% | −7.8% | −1.8% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Cash & short-term investments | $16.0M | $20.0M | $28.4M | $32.6M | $36.4M | $14.6M | $10.2M |
| Cash & equivalents | $16.0M | $20.0M | $28.4M | $32.6M | $36.4M | $14.6M | $10.2M |
| Receivables | $4.6M | $2.7M | $3.5M | $4.8M | $4.5M | $4.4M | $4.3M |
| Inventory | $3.4M | $3.3M | $2.9M | $2.8M | $2.6M | $2.6M | $2.1M |
| Other current assets | $4.9M | $4.5M | $5.4M | $3.8M | $2.5M | $5.2M | $2.9M |
| Total current assets | $28.8M | $30.5M | $40.1M | $44.1M | $46.0M | $27.0M | $19.4M |
| Property, plant & equipment (net) | $275.5M | $245.4M | $228.1M | $210.4M | $196.5M | $196.5M | $171.6M |
| Goodwill & intangible assets | $14.2M | $14.7M | $15.2M | $15.5M | $15.8M | $15.8M | $16.7M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $73.8M | $56.7M | $53.0M | $53.2M | $38.3M | $5.3M | $5.2M |
| Total assets | $392.4M | $347.2M | $336.4M | $323.2M | $296.6M | $244.6M | $212.9M |
| Liabilities | |||||||
| Accounts payable | $10.1M | $11.5M | $12.1M | $10.7M | $7.0M | $7.0M | $6.6M |
| Short-term debt | $10.9M | $10.1M | $9.8M | $9.1M | $9.5M | $8.7M | $9.3M |
| Total current liabilities | $40.7M | $35.1M | $38.6M | $32.1M | $27.7M | $37.1M | $33.3M |
| Long-term debt | $29.4M | $26.4M | $25.9M | $17.6M | $47.1M | $0 | $89.3M |
| Lease obligations | $160.5M | $144.8M | $137.3M | $140.4M | $132.5M | — | $115.4M |
| Other long-term liabilities | $212.7M | $178.2M | $167.2M | $173.1M | $151.1M | $230.2M | $107.0M |
| Total liabilities | $282.8M | $239.8M | $231.7M | $222.8M | $225.9M | $267.3M | $229.6M |
| Shareholders' equity | |||||||
| Common stock & paid-in capital | — | — | — | — | — | −$276.9M | — |
| Retained earnings (deficit) | $1.5M | $318,000 | −$60,000 | −$712,000 | −$3.4M | — | −$257.8M |
| Minority interest | $54.9M | $60.2M | $59.0M | $57.3M | $40.2M | — | — |
| Total shareholders' equity | $54.6M | $47.3M | $45.7M | $100.4M | $30.5M | −$22.6M | −$16.7M |
| Key figures | |||||||
| Total debt | $161.7M | $145.8M | $138.1M | $141.6M | $181.5M | $238.9M | $205.6M |
| Net cash (debt) | −$145.7M | −$125.7M | −$109.7M | −$109.0M | −$145.1M | −$224.2M | −$195.4M |
| Working capital | −$11.9M | −$4.7M | $1.5M | $12.0M | $18.3M | −$10.1M | −$13.9M |
| Tangible book value | $40.4M | $32.6M | $30.5M | $84.9M | $14.7M | −$38.5M | −$33.4M |
| Book value per share | $2.82 | $2.69 | $2.60 | $6.78 | $2.06 | −$1.50 | −$1.10 |
| Shares outstanding | 19.4M | 17.6M | 17.5M | 14.8M | 14.8M | 15.0M | 15.2M |
| Current ratio | 0.71 | 0.87 | 1.04 | 1.37 | 1.66 | 0.73 | 0.58 |
| Quick ratio | 0.51 | 0.65 | 0.83 | 1.17 | 1.48 | 0.51 | 0.44 |
| Debt / equity | 2.96 | 3.08 | 3.02 | 1.41 | 5.94 | — | — |
| Equity / assets | 13.9% | 13.6% | 13.6% | 31.1% | 10.3% | −9.3% | −7.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 4, 2026); data from EODHD.
BRCB financial position
At the end of fiscal 2025 (December 31, 2025), Black Rock Coffee Bar had total assets of $336.4 million (up 58.0% from a year earlier), total liabilities of $231.7 million and shareholders' equity of $45.7 million. It held $28.4 million in cash and short-term investments against $164.1 million of debt, net debt of $135.6 million. Its current ratio was 1.04. In the latest quarter (ended June 30, 2026) total assets were $392.4 million and equity $54.6 million.
Related: BRCB income statement, BRCB cash flow statement, BRCB key metrics. See the BRCB stock overview for the latest quote and news.
BRCB balance sheet FAQ
What are Black Rock Coffee Bar's total assets?
Black Rock Coffee Bar reported total assets of $336.4 million at the end of fiscal 2025 (December 31, 2025), compared with $212.9 million a year earlier.
How much debt does Black Rock Coffee Bar have?
Black Rock Coffee Bar had $164.1 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 3.59.
How much cash does Black Rock Coffee Bar have?
Black Rock Coffee Bar held $28.4 million in cash and short-term investments at the end of fiscal 2025; with $164.1 million of debt that is net debt of $135.6 million.
What is Black Rock Coffee Bar's book value?
Black Rock Coffee Bar's shareholders' equity (book value) was $45.7 million at the end of fiscal 2025, or $2.68 per share.
What is Black Rock Coffee Bar's current ratio?
Black Rock Coffee Bar had current assets of $40.1 million and current liabilities of $38.6 million, a current ratio of 1.04 (it can cover its short-term obligations).
How much goodwill does Black Rock Coffee Bar have?
Black Rock Coffee Bar carried $15.2 million of goodwill and intangible assets, 4.5% of total assets, at the end of fiscal 2025.