Revenue: As of FY2026 Q1, the actual value is USD 55.45 M, missing the estimate of USD 56.64 M.EPS: As of FY2026 Q1, the actual value is USD 0.02.EBIT: As of FY2026 Q1, the actual value is USD 3.038 M.Black Rock Coffee Bar, Inc. operates as a single reportable segment, with all financial information presented at a consolidated level .<h4>Segment Revenue</h4><ul><li>Total Revenue: Increased by 23.7% to $55,454 thousand for the three months ended March 31, 2026, from $44,820 thousand for the same period in 2025 .</li><li>Store Revenue: Grew by 23.7% to $55,384 thousand for the three months ended March 31, 2026, from $44,774 thousand in the prior year period . This increase was primarily due to 36 net new store openings, contributing $7,500 thousand, and an additional $800 thousand from 10 stores opened prior to March 31, 2025, but not yet in the comparable store base . Same Store Sales Growth of 5.2% also contributed $2,200 thousand, driven by 3.0% from menu price increases and 2.8% from increased check size, partially offset by a 0.6% decrease in traffic .</li><li>Other Revenue: Increased by 52.2% to $70 thousand for the three months ended March 31, 2026, from $46 thousand in the comparable 2025 period, mainly due to higher online and subscription bean sales .</li></ul><h4>Operational Metrics</h4><ul><li>Net Income (Loss): Improved to $1,799 thousand for the three months ended March 31, 2026, from a net loss of -$884 thousand for the same period in 2025, representing a 303.5% increase .</li><li>Income from Operations: Increased by 18.9% to $2,676 thousand for the three months ended March 31, 2026, from $2,251 thousand in the prior year period .</li><li>Income from Operations Margin: Decreased slightly to 4.8% for the three months ended March 31, 2026, from 5.0% in the prior year period .</li><li>Store-Level Profit: Rose to $16,389 thousand for the three months ended March 31, 2026, from $12,686 thousand in the prior year period .</li><li>Store-Level Profit Margin: Increased to 29.6% for the three months ended March 31, 2026, from 28.3% in the prior year period, driven by operational discipline, cost management, and improving unit-level economics .</li><li>Adjusted EBITDA: Increased to $7,429 thousand for the three months ended March 31, 2026, from $6,017 thousand in the prior year period .</li><li>Adjusted EBITDA Margin: Remained consistent at 13.4% for both periods .</li></ul><h4>Operating Costs and Expenses (Three Months Ended March 31, 2026 vs. 2025)</h4><ul><li>Beverage, Food and Packaging Costs: Increased by 18.4% to $15,013 thousand (27.1% of total revenue) from $12,682 thousand (28.3% of total revenue) . The percentage of total revenue decreased due to lower discounting and improved operating efficiencies .</li><li>Labor and Related Expenses: Increased by 21.8% to $11,475 thousand (20.7% of total revenue) from $9,419 thousand (21.0% of total revenue) . The percentage of total revenue decreased due to improved employee retention and operational efficiency .</li><li>Occupancy and Related Expenses: Increased by 26.1% to $4,725 thousand (8.5% of total revenue) from $3,748 thousand (8.4% of total revenue) .</li><li>Other Store Operating Expenses: Increased by 24.7% to $7,782 thousand (14.0% of total revenue) from $6,239 thousand (13.9% of total revenue) .</li><li>Selling, General and Administrative Expenses: Increased by 34.3% to $9,242 thousand (16.7% of total revenue) from $6,880 thousand (15.4% of total revenue) .</li><li>Depreciation and Amortization: Increased by 19.8% to $3,453 thousand (6.2% of total revenue) from $2,883 thousand (6.4% of total revenue) .</li><li>Pre-opening Costs: Increased by 51.5% to $1,088 thousand (2.0% of total revenue) from $718 thousand (1.6% of total revenue) .</li><li>Interest Expense, Net: Decreased by 86.1% to $422 thousand from $3,042 thousand .</li><li>Other Income (Expense), Net: Shifted to -$352 thousand from -$15 thousand .</li><li>Income Tax Expense: Increased to $103 thousand from $78 thousand .</li></ul><h4>Key Performance Indicators (Three Months Ended March 31, 2026 vs. 2025)</h4><ul><li>Total Stores (End of Period): 190 stores compared to 154 stores .</li><li>Net New Store Openings: 9 stores compared to 5 stores .</li><li>Same Store Sales Growth: 5.2% compared to 9.2% .</li><li>Average Unit Volume (AUV): $1,279 thousand compared to $1,203 thousand .</li><li>Total Store Operating Weeks: 2,357 weeks compared to 1,944 weeks .</li></ul><h4>Cash Flow (Three Months Ended March 31, 2026 vs. 2025)</h4><ul><li>Net Cash Provided by Operating Activities: Increased by 97.8% to $6,791 thousand from $3,433 thousand .</li><li>Net Cash Used in Investing Activities: Increased by 152.4% to -$16,525 thousand from -$6,548 thousand .</li><li>Net Cash Provided by Financing Activities: Decreased by 86.0% to $1,346 thousand from $9,644 thousand .</li><li>Net Increase (Decrease) in Cash and Cash Equivalents: Resulted in a decrease of -$8,388 thousand, compared to an increase of $6,529 thousand in the prior year period .</li></ul><h4>Future Outlook and Strategy</h4>Black Rock Coffee Bar, Inc. anticipates that future results will depend on its ability to continue expanding its store footprint and effectively manage external factors such as macroeconomic conditions, commodity and wage inflation, and potential supply chain constraints . The company expects to fund its operations through cash provided by operating activities, existing cash, remaining amounts from New Credit Facilities, and tenant improvement allowances, which are projected to be sufficient for the next twelve months and the foreseeable future . This funding will cover anticipated cash requirements including capital expenditures for store expansion and production facilities, public company costs, debt service, Tax Receivable Agreement obligations, operating lease obligations, and working capital .

Black Rock Coffee Bar | 10-Q: FY2026 Q1 Revenue Misses Estimate at USD 55.45 M