v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 20,018 $ 28,406
Receivables, net 2,686 3,450
Inventories 3,256 2,898
Prepaid expenses and deposits 4,504 5,363
Total current assets 30,464 40,117
Property and equipment, net 111,977 101,207
Operating lease right-of-use assets, net 133,457 126,903
Other assets 863 277
Goodwill 9,360 9,360
Deferred income tax asset 55,799 52,764
Intangible assets, net 5,316 5,808
Total assets 347,236 336,436
Current liabilities:    
Accounts payable 11,484 12,126
Accrued expenses 6,602 7,986
Accrued payroll and benefits 5,111 6,549
Gift card and loyalty program liability 1,867 2,126
Current portion of long-term debt 977 835
Current portion of operating lease liabilities 9,091 8,960
Total current liabilities 35,132 38,582
Tax receivable agreement liability 42,527 38,893
Long-term debt, net of current portion 26,405 25,917
Operating lease liabilities, net of current portion 135,689 128,338
Total liabilities 239,753 231,730
Commitments and Contingencies (Note 13)
Preferred stock, par value $0.00001 per share; 20,000,000 shares authorized, no shares issued or outstanding as of March 31, 2026 and December 31, 2025, respectively 0 0
Additional paid-in capital 46,952 45,735
Retained earnings (Accumulated deficit) 318 (60)
Total shareholders' equity attributable to Black Rock Coffee Bar, Inc. 47,270 45,675
Noncontrolling interest 60,213 59,031
Total shareholders' equity 107,483 104,706
Total liabilities and shareholders' equity 347,236 336,436
Class A Common stock    
Current liabilities:    
Common stock, value, issued 0 0
Class B Common stock    
Current liabilities:    
Common stock, value, issued 0 0
Class C Common stock    
Current liabilities:    
Common stock, value, issued $ 0 $ 0