Black Rock Coffee Bar reported a 24.2% increase in total revenue and a 10.8% growth in same store sales year over year. The company opened 11 new stores in the third quarter, contributing to a strong performance despite a net loss of $16.2 million. Adjusted EBITDA was $6.9 million.

The company successfully closed its initial public offering, raising approximately $306.5 million. Black Rock Coffee Bar’s balance sheet shows $32.6 million in cash and cash equivalents and $18.9 million in total term debt. The company expects to open 30 new stores in 2025, with revenue projected in the range of $199 to $200 million.

For the full year 2025, Black Rock Coffee Bar anticipates same store sales growth in the high-single digits and a consolidated Adjusted EBITDA in the range of $26.5 to $27 million. Despite a net loss of $18.1 million for the nine months ended September 30, 2025, the company remains optimistic about its growth trajectory and strategic initiatives.

Key performance measures for the third quarter include a store-level profit of $15.2 million, a 10.8% increase in same store sales, and an average unit volume of $1,260. Adjusted EBITDA margin was 13.4%, indicating a positive outlook despite challenges. Black Rock Coffee Bar continues to focus on driving value for shareholders and delivering a differentiated guest experience.

Read more at GlobeNewswire: Black Rock Coffee Bar, Inc. Reports Third Quarter 2025