NYSE$BRCC

Brc Inc-A · Q1 2026 earnings

Q1 2026 earnings ·

Briefing

BRC Inc. reported Q1 2026 net revenue of $109.2M and net income of $46K, roughly breakeven on a per-share basis.

Black Rifle Coffee (BRCC) posted net revenue of $109.2 million (+21% YoY) with gross profit of $36.1 million. Operating income turned positive at $1.3 million versus a $5.4 million loss a year ago as marketing and G&A moderated. Net income was $46 thousand, essentially breakeven, compared with a $7.8 million loss in Q1 2025.

  • Net revenue $109.2M (+21% YoY); gross profit $36.1M.
  • Operating income $1.3M vs. $(5.4)M prior year.
  • Net income ~breakeven at $46K.
  • Marketing spend $10.2M, down from $11.3M YoY.
  • Wholesale and DTC mix shift discussed in MD&A.

Headline financials

Total Revenue

$109M

Previous: $90M+21.4%
EPS (adj)

$0.00

Previous: -$0.08+100.0%
Capital Expenditures

-$630K

Previous: -$1.17M+46.3%
Free Cash Flow

$6.13M

Previous: -$4.06M+251.0%
Net Income

-$15K

Previous: -$2.89M+99.5%
Operating Income

$1.32M

Previous: -$5.43M+124.3%
Gross Profit

$36.1M

Previous: $32.5M+11.1%
Cash & Equivalents

$9.97M

No prior period
Total Assets

$217M

No prior period

Revenue & EPS history

BRC · Revenue · Quarterly

$109M

Q1 2026+21.4%vs Q1 2025
Beat estimate in 2 of 2 quarters(100%)
ActualEstimate

Revenue by segment

BRC · $113M total across 3 segments · Q4 2025

  • Wholesale
    $72.9M
  • Direct-to-Consumer
    $34.4M
  • Outpost
    $5.44M

Forward guidance

MD&A focuses on brand growth, wholesale partnerships, and cost discipline without numeric annual EPS targets.

Tailwinds

  • Returned to operating profitability.
  • Revenue growth with lower marketing intensity.

Headwinds

  • Thin net margin; still vulnerable to coffee input costs.
  • Competitive DTC beverage market.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 14 quarterly earnings reports · overlaid with Q1 2026

Historical avgQ1 2026

+2.9%

Avg return

Earnings day

-0.2%

Avg return

5 days after

+4.0%

Avg return

30 days after

64%

9 / 14 earnings

Positive

+25.0%

Q4 2025

Best reaction

-7.0%

Q3 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.9%+19.3%+37.6%
Q4 2025+25.0%+21.6%+23.7%
Q3 2025-7.0%-14.1%-11.3%
Q2 2025+0.6%-12.2%-6.1%
Q1 2025+3.5%-28.8%-24.0%
Q3 2024+0.6%-2.5%-1.6%
Q2 2024+1.7%-34.0%-26.8%
Q1 2024+2.2%+20.9%+44.4%
Q3 2023-2.3%+5.2%+32.7%
Q2 2023-1.0%+10.7%+10.4%
Q1 2023-2.6%-2.6%+2.4%
Q3 2022-0.6%-10.2%-13.7%
Q2 2022+13.6%+18.8%+4.1%
Q1 2022+5.6%+5.1%-16.3%

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