BellRing Brands, Inc. (BRBR) Income Statement
BRBR FY2025 at a glance
Fiscal year ended September 30, 2025 · U.S. dollarsBRBR revenue and net income
Where BRBR's revenue goes
FY2025Each bar shows an amount and its share of revenue. BRBR kept 9.3% of revenue as net income.
BRBR profit margins
BRBR growth rates
to FY2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +16.1% | +19.1% | +18.6% | — |
| Gross profit | +8.9% | +22.2% | +19.5% | — |
| Operating income | −7.8% | +18.9% | +16.6% | — |
| Net income | −12.3% | +38.0% | +55.9% | — |
| EPS (diluted) | +12.4% | +25.4% | +29.3% | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
BRBR quarterly EPS vs estimates
BellRing Brands beat the analyst EPS estimate in 5 of the last 8 quarters. Next report: November 17, 2026 (estimate $0.21).
BRBR income statement
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.32B | $2.00B | $1.67B | $1.37B | $1.25B | $988.3M | $854.4M | $827.5M | $713.2M | $574.7M |
| Cost of revenue | $1.55B | $1.29B | $1.14B | $949.7M | $860.9M | $672.5M | $542.6M | $549.8M | $467.4M | $395.5M |
| Gross profit | $770.4M | $707.3M | $530.2M | $421.8M | $386.2M | $315.8M | $311.8M | $277.7M | $245.8M | $179.2M |
| Research & development | $16.0M | — | $12.0M | $11.4M | $11.2M | $9.4M | $7.6M | $8.1M | $7.2M | $6.3M |
| Sales, general & admin | $396.0M | $284.6M | $216.3M | $189.7M | $167.1M | $151.8M | $127.1M | $135.1M | $131.0M | $119.8M |
| Total operating expenses | $413.0M | $319.6M | $242.9M | $209.4M | $218.2M | $149.9M | $149.3M | $157.9M | $153.7M | $147.5M |
| Operating income | $357.4M | $387.7M | $287.3M | $212.4M | $168.0M | $165.9M | $162.5M | $119.8M | $92.1M | $31.7M |
| Interest expense | $68.4M | $58.3M | $66.9M | $49.2M | $43.2M | $54.7M | $0 | $0 | $0 | $0 |
| Income before taxes | $289.0M | $329.4M | $220.4M | $145.6M | $123.2M | $109.3M | $162.5M | $119.8M | $65.6M | $31.7M |
| Income taxes | $72.8M | $82.9M | $54.9M | $29.6M | $8.8M | $9.2M | $39.4M | $23.7M | $30.4M | $11.8M |
| Net income | $216.2M | $246.5M | $165.5M | $82.3M | $27.6M | $23.5M | $123.1M | $96.1M | $35.2M | $19.9M |
| EBITDA | $376.0M | $424.2M | $315.6M | $216.1M | $220.1M | $189.3M | $194.5M | $145.7M | $117.4M | $56.7M |
| EPS (diluted) | $2.17 | $1.93 | $1.32 | $1.10 | $0.93 | $0.60 | $1.58 | $2.80 | $1.03 | — |
| Gross margin | 33.3% | 35.4% | 31.8% | 30.8% | 31.0% | 32.0% | 36.5% | 33.6% | 34.5% | 31.2% |
| Operating margin | 15.4% | 19.4% | 17.2% | 15.5% | 13.5% | 16.8% | 19.0% | 14.5% | 12.9% | 5.5% |
| Net margin | 9.3% | 12.3% | 9.9% | 6.0% | 2.2% | 2.4% | 14.4% | 11.6% | 4.9% | 3.5% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $570.4M | $598.7M | $537.3M | $648.2M | $547.5M | $588.0M | $532.9M | $555.8M | $515.4M | $494.6M | $430.4M | $472.6M |
| Cost of revenue | $407.1M | $437.0M | $376.5M | $460.8M | $353.9M | $398.2M | $333.3M | $350.7M | $325.5M | $334.5M | $282.4M | $317.3M |
| Gross profit | $163.3M | $161.7M | $160.8M | $187.4M | $193.6M | $189.8M | $199.6M | $205.1M | $189.9M | $160.1M | $148.0M | $155.3M |
| Sales, general & admin | $93.7M | $91.5M | $78.0M | $80.9M | $144.5M | $90.5M | $80.1M | $88.7M | $74.0M | $69.1M | $52.8M | $65.2M |
| Total operating expenses | $97.9M | $95.7M | $82.3M | $85.2M | $148.8M | $94.7M | $84.3M | $93.0M | $78.3M | $69.1M | $75.0M | $77.2M |
| Operating income | $65.4M | $66.0M | $78.5M | $102.2M | $44.8M | $95.1M | $115.3M | $112.1M | $111.6M | $91.0M | $73.0M | $78.1M |
| Interest expense | $19.9M | $20.1M | $20.0M | $19.1M | $18.4M | $16.5M | $14.4M | $14.5M | $14.4M | $14.5M | $14.9M | $16.1M |
| Income before taxes | $45.5M | $45.9M | $58.5M | $83.1M | $26.4M | $78.6M | $100.9M | $97.6M | $97.2M | $76.5M | $58.1M | $62.0M |
| Income taxes | $11.3M | $12.0M | $14.8M | $23.5M | $5.4M | $19.9M | $24.0M | $25.9M | $23.5M | $19.3M | $14.2M | $15.9M |
| Net income | $34.2M | $33.9M | $43.7M | $59.6M | $21.0M | $58.7M | $76.9M | $71.7M | $73.7M | $57.2M | $43.9M | $46.1M |
| EBITDA | $70.6M | $70.9M | $83.4M | $107.0M | $49.4M | $99.7M | $119.9M | $116.8M | $116.2M | $95.6M | $95.6M | $90.6M |
| EPS (diluted) | $0.30 | $0.14 | $0.37 | $0.51 | $0.55 | $0.53 | $0.58 | $0.51 | $0.54 | $0.45 | $0.43 | $0.41 |
| Gross margin | 28.6% | 27.0% | 29.9% | 28.9% | 35.4% | 32.3% | 37.5% | 36.9% | 36.8% | 32.4% | 34.4% | 32.9% |
| Operating margin | 11.5% | 11.0% | 14.6% | 15.8% | 8.2% | 16.2% | 21.6% | 20.2% | 21.7% | 18.4% | 17.0% | 16.5% |
| Net margin | 6.0% | 5.7% | 8.1% | 9.2% | 3.8% | 10.0% | 14.4% | 12.9% | 14.3% | 11.6% | 10.2% | 9.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in BRBR's financial statements (latest annual report filed November 18, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
BRBR financial results
In fiscal year 2025 (ended September 30, 2025), BellRing Brands reported revenue of $2.3 billion, up 16.1% from the year before. It had net income of $216.2 million (down 12.3%), a net profit margin of 9.3%. Diluted earnings per share came to $2.17. Over five years revenue grew at an average rate of 18.6% a year.
See the BRBR stock overview for the latest quote and news, or the BRBR chart for price history and technical indicators.
BRBR income statement FAQ
What is BellRing Brands's annual revenue?
BellRing Brands reported total revenue of $2.3 billion for fiscal year 2025, which ended on September 30, 2025. That was up 16.1% from $2.0 billion the previous year.
Is BellRing Brands profitable?
Yes. BellRing Brands reported net income of $216.2 million in fiscal 2025, a net profit margin of 9.3%; its operating margin was 15.4%.
What is BellRing Brands's gross margin?
BellRing Brands's gross margin was 33.3% in fiscal 2025: for every $100 of revenue, BellRing Brands kept $33 after the direct cost of its products and services.
How much does BellRing Brands spend on research and development?
BellRing Brands spent $16.0 million on research and development in fiscal 2025, 0.7% of revenue.
How fast is BellRing Brands growing?
Revenue grew 18.6% a year on average over the last five fiscal years, from $988.3 million to $2.3 billion.
What are BellRing Brands's earnings per share?
BellRing Brands earned $2.17 per diluted share in fiscal 2025, compared with $1.93 a year earlier.
When will BellRing Brands report its next earnings?
BellRing Brands is expected to report results for the quarter ending September 30, 2026 on November 17, 2026 before the market opens.
When does BellRing Brands's fiscal year end?
BellRing Brands's fiscal year ends in September. The latest annual report covers the year ended September 30, 2025 and was filed on November 18, 2025.