BRCC BRC Inc.

Overview and Growth

Fiscal 2025 results for BRC Inc. combined $398.26M of revenue with net loss of $11.91M and an operating cash outflow of $9.81M. Revenue of $398.26M sets the scale for evaluating how effectively sales translated into profit and cash during the year. Revenue was 1.7% above fiscal 2024 revenue of $391.49M, marking a year-over-year increase. Diluted earnings per share were -$0.13, translating the period’s attributable earnings into the amount reported for each diluted share. At period end, total assets were $209.24M, framing the scale of the company’s operating and financing commitments. Asset turnover was 1.9x, relating the company’s annual revenue directly to the total assets reported at the period end.

Profitability

After reported cost of revenue, the company retained $137.95M as gross profit before recognizing operating expenses and other items. The gross-profit relationship equaled 34.6% of revenue, quantifying the portion retained before operating expenses were recognized. The reported operating result was an operating loss of $24.60M, reflecting costs that exceeded gross profit. Relative to revenue, the operating deficit measured 6.2%, showing the shortfall after operating costs. The company ended the period with a net loss of $11.91M, extending the operating result through all remaining items. Measured against revenue, the bottom-line deficit represented 3.0% after all recognized items. Before income taxes, the company recorded a loss of $32.10M, bridging the operating result to the final net loss. The pretax loss equaled 8.1% of revenue, measuring the pre-tax deficit against sales. Income tax expense totaled $132.00K, providing the reported tax component that separates pretax and after-tax earnings. Relative to period-end equity, the net loss represented 17.5%. The net loss equaled 5.7% of period-end assets, showing the deficit relative to the asset base.

Liquidity and Capital Structure

At period end, the $209.24M asset base was financed through $141.23M of liabilities and $68.02M of equity. At period end, current assets of $100.33M compared with current liabilities of $76.09M, defining the company’s short-term resource position. The current ratio was 1.32x, with current assets exceeding current liabilities and providing a short-term liquidity cushion. Reported cash and equivalents were $4.33M, separating immediately recognizable cash resources from the rest of the current-asset base. The cash balance equaled 5.7% of current liabilities, showing how much near-term coverage came from cash alone. The company carried $34.71M of total debt at period end, which frames its leverage and debt-service burden. The debt-to-equity relationship was 0.51x, showing how much debt the company carried for each unit of book equity. The debt-to-assets relationship was 16.6%, comparing borrowing with the total asset balance. Relative to total assets, liabilities measured 67.5%, complementing the separate equity-based view of the company’s capital structure. The cash-to-assets relationship was 2.1%, comparing reported cash and equivalents with the full positive asset balance. Compared with $227.38M in fiscal 2024, the current asset base moved 8.0% and finished lower. Against $49.50M of equity in fiscal 2024, the current book-equity balance moved 37.4% and ended higher. The reported cash balance changed 36.4% from $6.81M in fiscal 2024, ending lower year over year.

Cash Flow and Earnings Quality

Operating activities used $9.81M of cash, resulting in an operating cash outflow for the year. The company spent $3.66M on capital expenditures while operations also absorbed cash, so both ongoing activity and investment drew on liquidity during the period. Negative free cash flow was $13.47M, leaving a cash deficit after capital spending and reducing financial flexibility. The free-cash-flow deficit equaled 3.4% of revenue, showing the post-investment cash shortfall relative to sales. Relative to total assets, the post-investment cash deficit measured 6.4%.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.