Black Rock Coffee Bar Balance Sheet Health

Financial Health criteria checks 2/6

Black Rock Coffee Bar has a total shareholder equity of $107.5M and total debt of $18.7M, which brings its debt-to-equity ratio to 17.4%. Its total assets and total liabilities are $347.2M and $239.8M respectively. Black Rock Coffee Bar's EBIT is $542.0K making its interest coverage ratio 0.1. It has cash and short-term investments of $20.0M.

Key information

17.38%

Debt to equity ratio

US$18.68m

Debt

Interest coverage ratio	0.08x
Cash	US$20.02m
Equity	US$107.48m
Total liabilities	US$239.75m
Total assets	US$347.24m

Recent financial health updates

No updates

Recent updates

New Narrative • May 19

Rising Store Density And Marketing Dependence Will Test Long Term Expansion Potential

Catalysts About Black Rock Coffee Bar Black Rock Coffee Bar operates company-owned coffee shops focused on drive-thru and lobby formats that serve coffee, energy drinks and food across multiple U.S. states. What are the underlying business or industry changes driving this perspective?

Seeking Alpha • Apr 07

Black Rock Coffee Bar: Growth Story Is Still Largely Intact

Summary Black Rock Coffee Bar maintains strong SSS growth and robust new store performance, supporting my reiterated buy rating. Loyalty programs and food sales are emerging as core growth drivers, with loyalty-linked transactions now 65% and food comprising 12% of sales. New store pipeline remains healthy, with 36 openings guided for 2026 and recent cohorts outperforming on sales, profit, and retention metrics. Valuation remains attractive at 3.2x forward revenue; compounding revenue at 25% through FY28 implies a share price target of ~$26. Read the full article on Seeking Alpha

Financial Position Analysis

Short Term Liabilities: BRCB's short term assets ($30.5M) do not cover its short term liabilities ($35.1M).

Long Term Liabilities: BRCB's short term assets ($30.5M) do not cover its long term liabilities ($204.6M).

Debt to Equity History and Analysis

Debt Level: BRCB has more cash than its total debt.

Reducing Debt: Insufficient data to determine if BRCB's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: BRCB's debt is well covered by operating cash flow (29.7%).

Interest Coverage: BRCB's interest payments on its debt are not well covered by EBIT (0.1x coverage).

Balance Sheet

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/05/28 08:07
End of Day Share Price	2026/05/28 00:00
Earnings	2026/03/31
Annual Earnings	2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Black Rock Coffee Bar, Inc. is covered by 8 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
David Tarantino	Baird
Matthew Curtis	D.A. Davidson & Co.
Andrew Barish	Jefferies LLC