Revenue: As of FY2025 Q3, the actual value is USD 51.47 M.EPS: As of FY2025 Q3, the actual value is USD -0.05.EBIT: As of FY2025 Q3, the actual value is USD -3.855 M.<h3>Segment Revenue</h3><ul><li>Store Revenue: $51.4 million for the three months ended September 30, 2025, compared to $41.4 million for the same period in 2024, representing a 24.2% increase. For the nine months ended September 30, 2025, store revenue was $146.5 million, compared to $117.9 million for the same period in 2024, representing a 24.2% increase.</li><li>Other Revenue: $58.0 thousand for the three months ended September 30, 2025, compared to $56.0 thousand for the same period in 2024. For the nine months ended September 30, 2025, other revenue was $162.0 thousand, compared to $164.0 thousand for the same period in 2024.</li></ul><h3>Operational Metrics</h3><ul><li>Beverage, Food, and Packaging Costs: $14.3 million for the three months ended September 30, 2025, compared to $11.7 million for the same period in 2024. For the nine months ended September 30, 2025, these costs were $41.6 million, compared to $34.0 million for the same period in 2024.</li><li>Labor and Related Expenses: $10.8 million for the three months ended September 30, 2025, compared to $9.2 million for the same period in 2024. For the nine months ended September 30, 2025, these expenses were $30.6 million, compared to $25.7 million for the same period in 2024.</li><li>Occupancy and Related Expenses: $4.0 million for the three months ended September 30, 2025, compared to $3.2 million for the same period in 2024. For the nine months ended September 30, 2025, these expenses were $11.6 million, compared to $9.6 million for the same period in 2024.</li><li>Other Store Operating Expenses: $7.1 million for the three months ended September 30, 2025, compared to $5.6 million for the same period in 2024. For the nine months ended September 30, 2025, these expenses were $19.9 million, compared to $15.4 million for the same period in 2024.</li><li>Selling, General, and Administrative Expenses: $17.2 million for the three months ended September 30, 2025, compared to $4.9 million for the same period in 2024. For the nine months ended September 30, 2025, these expenses were $31.9 million, compared to $17.5 million for the same period in 2024.</li><li>Depreciation and Amortization: $3.0 million for the three months ended September 30, 2025, compared to $2.5 million for the same period in 2024. For the nine months ended September 30, 2025, these expenses were $8.9 million, compared to $7.3 million for the same period in 2024.</li><li>Pre-Opening Costs: $1.5 million for the three months ended September 30, 2025, compared to $1.1 million for the same period in 2024. For the nine months ended September 30, 2025, these costs were $3.1 million, compared to $2.4 million for the same period in 2024.</li><li>Interest Expense, Net: $2.9 million for the three months ended September 30, 2025, compared to $3.1 million for the same period in 2024. For the nine months ended September 30, 2025, interest expense was $9.0 million, compared to $8.2 million for the same period in 2024.</li><li>Other Income (Expense), Net: $6.9 million for the three months ended September 30, 2025, compared to $716.0 thousand for the same period in 2024. For the nine months ended September 30, 2025, other expense was $8.0 million, compared to $717.0 thousand for the same period in 2024.</li><li>Income Tax Expense: $31.0 thousand for the three months ended September 30, 2025, compared to $71.0 thousand for the same period in 2024. For the nine months ended September 30, 2025, income tax expense was $253.0 thousand, compared to $197.0 thousand for the same period in 2024.</li><li>Net Loss: $16.2 million for the three months ended September 30, 2025, compared to $722.0 thousand for the same period in 2024. For the nine months ended September 30, 2025, net loss was $18.1 million, compared to $3.0 million for the same period in 2024.</li></ul><h3>Cash Flow</h3><ul><li>Net Cash Provided by (Used in) Operating Activities: -$2.9 million for the nine months ended September 30, 2025, compared to $9.1 million for the same period in 2024.</li><li>Net Cash Used in Investing Activities: -$23.2 million for the nine months ended September 30, 2025, compared to -$18.6 million for the same period in 2024.</li><li>Net Cash Provided by Financing Activities: $48.5 million for the nine months ended September 30, 2025, compared to $5.2 million for the same period in 2024.</li></ul><h3>Future Outlook and Strategy</h3><ul><li>Core Business Focus: The company plans to expand its store footprint in new and existing markets, with a robust pipeline for development to support future anticipated growth. They expect to open approximately 30 stores in 2025 and aim to achieve 1,000 stores by 2035.</li><li>Continuous Menu Innovation: The company regularly develops new offerings in partnership with their team and community to ensure the menu remains relevant and exciting.</li><li>Building Loyalty Through Technology: The company continues to invest in technology that supports human connection, including their mobile application and loyalty program, which streamline service and enable personalized marketing and data-driven insights.</li><li>Leverage Infrastructure: Investments in people, facilities, and technology have built a strong foundation for scalable growth. This includes a robust distribution network, integrated digital platform, and exclusive product lines like their Fuel energy drinks.</li></ul>

Black Rock Coffee Bar | 10-Q: FY2025 Q3 Revenue: USD 51.47 M