BRCC on NYSE

BRC Inc.

American beverages company that raised $605.2 million in 2022 (SEC Form D). Summary from the record

Price unavailable

Last updated Oct 19, 2026.

Overview

$398.3MRevenue, fiscal 20252
-$11.9MNet income, fiscal 20252

Compare with Vita Coco Company, Inc., SunOpta or Westrock Coffee Co, or pick any stock.

  • TickerBRCC on NYSE1
  • IndustryBeverages1
  • HeadquartersWest Valley City, Utah1
  • Incorporated inDE3
  • Business address3131 W. 2210 S., Suite C, West Valley City, Ut 841193
  • Filer category, Emerging growth company3
  • Legal formCorporation

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When used in this report, the terms “we,” “us,” “our,” “BRCC,” “Black Rifle Coffee,” “Black Rifle Coffee Company,” and the “Company” mean BRC Inc. and its consolidated subsidiaries, collectively, unless the context otherwise requires.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

34.6%Gross margin2
-6.2%Operating margin2
-3.0%Net margin2
1.7%Revenue growth, 20252
-26.1%Return on equity2
0.71×Debt to equity2
-$13.5MFree cash flow2

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue65¢$260.3M
  • Other costs35¢$137.8M
  • Income tax0¢$132.0K

Out of $398.3M in revenue.2 The company lost money this year.

Financial statements

Revenue56782$398.3M in 2025+385% since 2019
0$100.0M$200.0M$300.0M$400.0M2019: $82.1M$82.1M20192020: $163.9M$163.9M2020+100%2021: $233.1M$233.1M2021+42%2022: $301.3M$301.3M2022+29%2023: $395.6M$395.6M2023+31%2024: $391.5M$391.5M2024−1%2025: $398.3M$398.3M2025+2%
Gross profit56782$137.9M in 2025+286% since 2019
0$50.0M$100.0M$150.0M$200.0M2019: $35.7M$35.7M20192020: $69.4M$69.4M2020+94%2021: $89.7M$89.7M2021+29%2022: $99.2M$99.2M2022+11%2023: $125.4M$125.4M2023+26%2024: $161.2M$161.2M2024+28%2025: $137.9M$137.9M2025−14%
Operating income56782-$24.6M in 2025+21104% since 2019
-$80.0M-$60.0M-$40.0M-$20.0M0$20.0M2019: -$116.0K-$116.0K20192020: $5.8M$5.8M20202021: -$11.6M-$11.6M20212022: -$67.8M-$67.8M2022+485%2023: -$50.2M-$50.2M2023−26%2024: $3.8M$3.8M20242025: -$24.6M-$24.6M2025
Net income582-$11.9M in 2025+1443% since 2019
-$100.0M-$75.0M-$50.0M-$25.0M0$25.0M2019: -$772.0K-$772.0K20192020: $4.3M$4.3M20202021: -$13.8M-$13.8M20212022: -$82.9M-$82.9M2022+499%2023: -$16.7M-$16.7M2023−80%2024: -$3.0M-$3.0M2024−82%2025: -$11.9M-$11.9M2025+304%
Fiscal year20182019202020212022202320242025
Revenue$82.1M5$163.9M6$233.1M7$301.3M8$395.6M2$391.5M2$398.3M2
Cost of revenue$46.4M5$94.5M6$143.4M7$202.1M8$270.2M2$230.3M2$260.3M2
Gross profit$35.7M5$69.4M6$89.7M7$99.2M8$125.4M2$161.2M2$137.9M2
Operating expenses$101.3M7$166.9M8$175.7M2$157.3M2$162.5M2
Operating income-$116.0K5$5.8M6-$11.6M7-$67.8M8-$50.2M2$3.8M2-$24.6M2
Interest$733.0K5$1.0M6$2.0M7$1.6M7$6.3M7
Income before tax-$13.7M7-$337.7M8-$56.5M2-$7.5M2-$32.1M2
Income tax$14.0K5$185.0K6$178.0K7$367.0K8$185.0K2$172.0K2$132.0K2
Net income-$772.0K5$4.3M5-$13.8M5-$82.9M8-$16.7M2-$3.0M2-$11.9M2
Earnings per share-$1.628-$0.272-$0.042-$0.132
Earnings per share (diluted)-$1.628-$0.272-$0.042-$0.132
Shares (weighted, basic)51.2M shares860.9M shares271.1M shares295.2M shares2
Shares (weighted, diluted)51.2M shares860.9M shares271.1M shares295.2M shares2

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Leadership

Who has led BRC Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Evan Hafer2022–2023
  2. Thomas E. Davin2022–2023
  3. Christopher Mondzelewski2024–now

Chair

  1. Roland Smith2022–2023

President

  1. Christopher Mondzelewski2023–now

Chief financial officer

  1. Gregory James Iverson2022–2023
  2. Stephen M. Kadenacy2023–2025
  3. Matthew L. Amigh2025–now

Chief operating officer

  1. Christopher John Clark2023–now
2025
Board members and other officers (18)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Executive OfficerAndrew McCormick named Mar 29, 2022 to May 27, 202237
  • DirectorKaty Dickson named Mar 29, 2022 to May 27, 202237

Timeline

  1. Feb 27, 2024New chief executive Christopher Mondzelewski becomes CEO13
  2. Feb 9, 2022New chief executive Evan Hafer becomes CEO14
  3. Feb 9, 2022New chief executive Thomas E. Davin becomes CEO15

Filings

378 filings to the SEC since October 2021: 7 annual reports, 15 quarterly reports, 60 major events, 172 insider forms, 30 large holders, 5 private raises, 89 other. The latest 20:

  1. Oct 15, 20264 EDGAR
  2. Sep 22, 20264 EDGAR
  3. Aug 24, 20268-K EDGAR
  4. Aug 19, 20264 EDGAR
  5. Aug 18, 20264 EDGAR
  6. Aug 18, 20264 EDGAR
  7. Aug 17, 2026144 EDGAR
  8. Aug 17, 20264 EDGAR
  9. Aug 14, 2026SCHEDULE 13G/A EDGAR
  10. Aug 14, 2026SCHEDULE 13G/A EDGAR
  11. Aug 3, 202610-Q EDGAR
  12. Aug 3, 20268-K EDGAR
  13. Jul 9, 20264 EDGAR
  14. Jun 3, 20264 EDGAR
  15. Jun 3, 20264 EDGAR
  16. Jun 3, 20264 EDGAR
  17. Jun 3, 20264 EDGAR
  18. Jun 3, 20264 EDGAR
  19. Jun 3, 20264 EDGAR
  20. Jun 3, 20264 EDGAR

The 378 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

33 open-market trades by officers, directors and large owners since October 2021: 23 buys and 10 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 19, 2026Dickson Kathryn PDirectorBuy50,000$0.85$42.5KForm 4
Aug 17, 2026Kadenacy Stephen MDirectorSale105,000$0.82$86.1KForm 4
Aug 14, 2026Amigh Matthew LChief Financial OfficerBuy10,000$0.85$8.5KForm 4
Jun 1, 2026Hafer EvanFounderSale2,000,000$1.49$3.0MForm 4
Mar 5, 2026Taslitz StevenDirectorBuy300,000$0.74$223.5KForm 4
Nov 17, 2025Taslitz StevenDirectorBuy100,000$1.29$129.0KForm 4
Nov 12, 2025Taslitz StevenDirectorBuy100,000$1.28$128.0KForm 4
Aug 8, 2025Taslitz StevenDirectorBuy100,000$1.53$153.0KForm 4
Aug 7, 2025Taslitz StevenDirectorBuy100,000$1.32$132.0KForm 4
Jul 18, 2025Hafer EvanFounderBuy80,000$1.25$100.0KForm 4
Jul 18, 2025Kadenacy Stephen MDirectorBuy80,000$1.25$100.0KForm 4
Jul 18, 2025Dickson Kathryn PDirectorBuy16,000$1.25$20.0KForm 4
Jul 18, 2025Engaged Capital Holdings, LLC10% ownerBuy400,000$1.25$500.0KForm 4
Sep 13, 2024Hafer EvanFounderSale1,000,000$3.17$3.2MForm 4
Sep 13, 2024Engaged Capital LLC10% ownerBuy684,542$3.17$2.2MForm 4
Sep 12, 2024DAVIN THOMAS EDirectorSale394,044$3.26$1.3MForm 4
Sep 11, 2024Hafer EvanFounderSale3,000,000$3.20$9.6MForm 4
Sep 10, 2024DAVIN THOMAS EDirectorSale41,844$3.75$156.9KForm 4
Sep 9, 2024DAVIN THOMAS EDirectorSale26,428$3.81$100.7KForm 4
Dec 11, 2023DAVIN THOMAS EDirectorSale400,000$3.85$1.5MForm 4

All 33 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Money raised

Private offerings the company reported to the SEC on Form D.

  1. May 6, 2022Raised $9.6 million in a private offering of equity Form D: 77 investors so far Form D
  2. Apr 5, 2022Raised $256 million in a private offering of equity Form D: 78 investors so far Form D
  3. Mar 15, 2022Raised $169.8 million in a private offering of equity Form D: 78 investors so far Form D
  4. Mar 15, 2022Raised $169.8 million in a private offering of equity Form D: 78 investors so far Form D

Sources

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