Companies · BRCB
Black Rock Coffee Bar, Inc.
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Latest analysis
Updated Aug 12, 2026
Black Rock Coffee Bar posts 25% revenue growth in Q2 2026 with 200 stores, but traffic declines 2.0% signal early-stage consumer softness masking pricing-driven SSS.
Black Rock Coffee Bar delivered Q2 2026 total revenue of $63.0 million, up 25.0% year-over-year, almost entirely driven by 42 net new store openings rather than underlying traffic growth. Same Store Sales Growth of 4.2% was underwritten by price increases and check growth, masking a 2.0% traffic decline — a structurally concerning shift for a brand at this stage of maturation. Store-Level Profit Margin expanded 70 basis points to 30.2%, demonstrating unit-level discipline even as Adjusted EBITDA Margin compressed 100 basis points to 15.0%, reflecting the fixed-cost drag of a rapidly scaling corporate infrastructure.
Tone: mixedRevenue
$200.3M
BRCB 10-K · FY 2025
Employees
2,800
Revenue FY2024
$160.9M
EBITDA margin
15%
Profile
BRCB 10-K Item 1 · Mar 4, 2026Black Rock Coffee Bar is a fully company-owned drive-thru coffee chain operating 181 locations across seven states as of December 31, 2025. The company offers premium handcrafted coffee beverages alongside its proprietary Fuel energy drink line, served through drive-thru windows and lobby-equipped stores. It targets high-growth, community-centric expansion in both existing and new markets.
Read filing description ↓ Collapse description ↑
We are a high-growth operator of guest-centric, drive-thru coffee bars offering premium caffeinated beverages and an elevated in-store experience crafted by our engaging baristas. Black Rock Coffee Bar was founded in 2008 in Beaverton, Oregon, by our co-founders Daniel Brand and Jeff Hernandez. What started as a single 160 square foot coffee bar in 2008 is now one of the fastest growing beverage companies in the United States by revenue and the largest fully company-owned coffee retailer in the country, with 181 locations spanning seven states as of December 31, 2025, from the Pacific Northwest to Texas. We were founded as a drive-thru only concept and evolved to include engaging seating areas, which we call 'lobbies.' All of our locations include efficient drive-thrus and approximately 73% of our locations include lobbies as of December 31, 2025. We expect most of our new locations to include both drive-thrus and lobbies as we continue to grow. Our modern, inviting store formats—paired with a robust digital platform—allow us to deliver a dynamic and multi-faceted guest experience. Driven by a passion for Connection, Caffeine, and Community, Black Rock is a platform to do well by our baristas, guests, and the communities we serve. With a relentless focus on people and excellence, our culture has been key to our success.
Primary products
- Handcrafted coffee beverages
- Nitro Cold Brew
- Cold Brew
- Lattes
- Americanos
- Cappuccinos
End markets
Geographies
Named competitors
“Black Rock Coffee Bar was founded in 2008 in Beaverton, Oregon, by our co-founders Daniel Brand and Jeff Hernandez. What started as a single 160 square foot coffee bar in 2008 is now one of the fastest growing beverage companies in the United States by revenue and the largest fully company-owned coffee retailer in the country, with 181 locations spanning seven states as of December 31, 2025, from the Pacific Northwest to Texas.” Competitive position, as stated in the filing
Revenue commentary · FY 2025
Total revenue grew 24.5% for the year ended December 31, 2025 compared to the year ended December 31, 2024, driven by 32 net new store openings and 10.1% Same Store Sales Growth.
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Analysis, signals, diligence answers, M&A activity and every quote, each citing the filing it came from.