Private company

Mister Car Wash, Inc.

Mister Car Wash, Inc. is a largest national car wash brand.2 It is headquartered in Tucson, United States.2

Last updated Oct 20, 2026.

Overview

  • IndustryServices-Automotive Repair, Services & Parking2
  • HeadquartersTucson, United States2
  • Incorporated inDE3
  • Business address222 E. 5Th Street, Tucson, Az 857053
  • Filer categoryLarge accelerated filer3
  • Legal formCorporation2
  • LEI549300BARUQU0U2GQE052
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered addressC/O CORPORATION SERVICE COMPANY, 19808 Wilmington, United States2
  • Registered withDivision of Corporations, Department of State, 42989022

Founded in 1996, Mister Car Wash, Inc. is the largest national car wash brand, with 548 locations in 21 states, as of December 31, 2025. Primarily offering express exterior cleaning services, we provide the highest quality car wash, ensuring our customers a quick and convenient experience, which we call the “Mister Experience.” Through our advanced technology and dedication to exceptional customer experiences, we deliver a clean, dry and shiny car every time. In addition, with approximately 2.3 million members, we offer North America's largest monthly car wash subscription program, Unlimited Wash Club® ( “ UWC”), as a flexible, quick and convenient option for customers to keep their cars clean.5 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

19.0%Operating margin6
9.8%Net margin6
5.7%Revenue growth, 20256
9.1%Return on equity6
0.70×Debt to equity6
$30.3MFree cash flow6

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs87¢$910.9M
  • Income tax4¢$37.8M
  • Profit10¢$103.1M

Out of $1.1B in revenue.6

Where each dollar of operating cash went, fiscal 2025

  • Capital spending89¢$255.4M
  • Kept or used elsewhere11¢$30.3M

Out of $285.7M of cash from operations.6

Financial statements

Revenue789106$1.1B in 2025+67% since 2019
0$500.0M$1.0B$1.5B2019: $629.5M$629.5M20192020: $574.9M$574.9M2020−9%2021: $758.4M$758.4M2021+32%2022: $876.5M$876.5M2022+16%2023: $927.1M$927.1M2023+6%2024: $994.7M$994.7M2024+7%2025: $1.1B$1.1B2025+6%
Operating income789106$200.2M in 2025+167% since 2019
-$100.0M0$100.0M$200.0M$300.0M2019: $75.1M$75.1M20192020: $143.1M$143.1M2020+91%2021: -$4.5M-$4.5M20212022: $187.7M$187.7M20222023: $178.1M$178.1M2023−5%2024: $178.9M$178.9M2024+0%2025: $200.2M$200.2M2025+12%
Net income789106$103.1M in 2025+11104% since 2019
-$50.0M0$50.0M$100.0M$150.0M2019: $920.0K$920.0K20192020: $60.4M$60.4M2020+6466%2021: -$22.0M-$22.0M20212022: $112.9M$112.9M20222023: $80.1M$80.1M2023−29%2024: $70.2M$70.2M2024−12%2025: $103.1M$103.1M2025+47%
Fiscal year2019202020212022202320242025
Revenue$629.5M7$574.9M8$758.4M9$876.5M10$927.1M6$994.7M6$1.1B6
Operating expenses$762.9M9$688.8M10$748.9M6$815.8M6$851.5M6
Operating income$75.1M7$143.1M8-$4.5M9$187.7M10$178.1M6$178.9M6$200.2M6
Interest$67.6M7$64.0M8$39.4M9$41.9M9$75.1M9
Income before tax-$47.1M9$145.8M10$103.0M6$102.7M6$140.8M6
Income tax-$2.6M7$16.8M8-$25.1M9$32.9M10$22.9M6$32.4M6$37.8M6
Net income$920.0K7$60.4M8-$22.0M9$112.9M10$80.1M6$70.2M6$103.1M6
Earnings per share$0.007$0.238-$0.089$0.3710$0.266$0.226$0.326
Earnings per share (diluted)$0.007$0.228-$0.089$0.3410$0.246$0.216$0.316
Shares (weighted, basic)280.2M shares9303.4M shares10311.0M shares6320.0M shares6326.3M shares6
Shares (weighted, diluted)280.2M shares9327.6M shares10328.2M shares6329.5M shares6332.1M shares6

Compare Mister Car Wash, Inc. with another company

Corporate structure

Mister Car Wash, Inc. sits at the top of its group. 59 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Mister Car Wash, Inc.

  • Green Equity Investors VI, L.P. Filed SCHEDULE 13G/A on Mister Car Wash, Inc., latest May 19, 2026 (2 filings since Feb 14, 2022)
  • Greenhouse Funds LLLP Filed SCHEDULE 13G/A on Mister Car Wash, Inc., latest May 15, 2026 (2 filings since Nov 13, 2025)
  • WASATCH ADVISORS LP Filed SCHEDULE 13G on Mister Car Wash, Inc., latest Feb 11, 2025 (2 filings since Feb 9, 2024)
  • Mister Car Wash, Inc. Tucson, Arizona, United States
    • Amzak Carwashes LLC Subsidiary · Delaware, United States
    • Car Wash Headquarters, LLC Subsidiary · Delaware, United States
    • Car Wash Partners, LLC Subsidiary · Delaware, United States
    • CFCW Acquisition, LLC Subsidiary · Florida, United States
    • CFCW Curry Ford, LLC Subsidiary · Florida, United States
    • CFCW Opco, LLC Subsidiary · Florida, United States
    • CFCW Propco 229, LLC Subsidiary · Florida, United States
    • CFCW Propco Altamonte, LLC Subsidiary · Florida, United States
    • CFCW Propco BBD, LLC Subsidiary · Florida, United States
    • CFCW Propco Clermont, LLC Subsidiary · Florida, United States
    • CFCW Propco Colonial, LLC Subsidiary · Florida, United States
    • CFCW Propco Cutler Bay, LLC Subsidiary · Florida, United States
    • CFCW Propco Havendale, LLC Subsidiary · Florida, United States
    • CFCW Propco Hillsborough, LLC Subsidiary · Florida, United States
    • CFCW Propco Lakeland North, LLC Subsidiary · Florida, United States
    • CFCW Propco Lakeland, LLC Subsidiary · Florida, United States
    • CFCW Propco Land O Lakes, LLC Subsidiary · Florida, United States
    • CFCW Propco Landstar, LLC Subsidiary · Florida, United States
    • CFCW Propco Mid Lakeland, LLC Subsidiary · Florida, United States
    • CFCW Propco New Tampa, LLC Subsidiary · Florida, United States
    • CFCW Propco Nona, LLC Subsidiary · Florida, United States
    • CFCW Propco Oviedo, LLC Subsidiary · Florida, United States
    • CFCW Propco Poinciana, LLC Subsidiary · Florida, United States
    • CFCW Propco Port Orange, LLC Subsidiary · Florida, United States
    • CFCW Propco PSL 9200, LLC Subsidiary · Florida, United States
    • and 33 more

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Mister Car Wash, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$1.3B6 Dec 31, 2025$1.1B6 Dec 31, 2024+14.3%
Accumulated depreciation$385.4M6 Dec 31, 2025$322.7M6 Dec 31, 2024+19.5%
Property and equipment, net$914.0M6 Dec 31, 2025$814.6M6 Dec 31, 2024+12.2%
Operating-lease assets (leased space)$942.7M6 Dec 31, 2025$924.9M6 Dec 31, 2024+1.9%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$28.4M6 Dec 31, 2025$67.5M6 Dec 31, 2024−57.8%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$1.1B6 Dec 31, 2025$1.1B6 Dec 31, 20240%
Intangible assets, net (excluding goodwill)$123.5M6 Dec 31, 2025$172.8M6 Dec 31, 2024−28.6%
Accumulated amortization$12.6M6 Dec 31, 2025$60.3M6 Dec 31, 2024−79.0%
Finite-lived intangibles, net$3.8M6 Dec 31, 2025$5.5M10 Dec 31, 2024−30.6%

Inventory

ItemLatestA year beforeChange
Inventory, total$5.5M6 Dec 31, 2025$5.7M6 Dec 31, 2024−4.2%
Raw materials$5.5M6 Dec 31, 2025$5.8M6 Dec 31, 2024−5.0%

Properties, in its own words

We lease 25,350 and own 27,973 square feet of office space at our corporate headquarters in Tucson, Arizona. As of December 31, 2025, we leased 485 locations and owned 63 locations. The chart below provides a breakdown of our operating car wash locations as of December 31, 2025:

State · Locations

The rest of Item 2

Alabama · 13

Arizona · 24

California · 66

Colorado · 12

Florida · 86

Georgia · 22

Idaho · 8

Illinois · 3

Iowa · 19

Maryland · 2

Michigan · 36

Minnesota · 34

Mississippi · 8

Missouri · 9

New Mexico · 25

Pennsylvania · 6

Tennessee · 16

Texas · 98

Utah · 24

Washington · 19

Wisconsin · 18

Total · 548

Item 2 of the 10-K filed Feb 27, 2026.5

Leadership

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

Chief financial officer

  1. Jedidiah Marc Gold2021–now

Chief operating officer

  1. Myra I. Chimienti2022–2024
2025
Board members and other officers (18)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Amzak Carwashes LLC Delaware4
  • CFCW Acquisition, LLC Florida4
  • CFCW Curry Ford, LLC Florida4
  • CFCW Opco, LLC Florida4
  • CFCW Propco 229, LLC Florida4
  • CFCW Propco Altamonte, LLC Florida4
  • CFCW Propco BBD, LLC Florida4
  • CFCW Propco Clermont, LLC Florida4
  • CFCW Propco Colonial, LLC Florida4
  • CFCW Propco Cutler Bay, LLC Florida4
  • CFCW Propco Havendale, LLC Florida4
  • CFCW Propco Hillsborough, LLC Florida4
  • CFCW Propco Lakeland North, LLC Florida4
  • CFCW Propco Lakeland, LLC Florida4
  • CFCW Propco Land O Lakes, LLC Florida4
  • CFCW Propco Landstar, LLC Florida4
  • CFCW Propco Mid Lakeland, LLC Florida4
  • CFCW Propco New Tampa, LLC Florida4
  • CFCW Propco Nona, LLC Florida4
  • CFCW Propco Oviedo, LLC Florida4
  • CFCW Propco PSL 9200, LLC Florida4
  • CFCW Propco Poinciana, LLC Florida4
  • CFCW Propco Port Orange, LLC Florida4
  • CFCW Propco Semoran, LLC Florida4
All 58 listed subsidiaries
  • CFCW Propco Wesley Chapel, LLC Florida4
  • CFCW Propco, LLC Florida4
  • CFCW Red Bug, LLC Florida4
  • CWP Asset Corp. Delaware4
  • CWP California Corp. Delaware4
  • CWP Holdings, Inc. Delaware4
  • CWP Management Corp. Delaware4
  • CWP West, LLC Delaware4
  • CWPS Corp. Delaware4
  • CWPU Corp. Delaware4
  • Car Wash Headquarters, LLC Delaware4
  • Car Wash Partners, LLC Delaware4
  • Clean Streak Ventures LLC Delaware4
  • DWB Tucson Holdings, LLC Delaware4
  • Hotshine Intermediate Co. Delaware4
  • MCW GC, LLC Arizona4
  • MDKMH Partners. Inc. Delaware4
  • Mesquite Logistics, LLC Delaware4
  • Mister Car Wash Holdings, Inc. Delaware4
  • PS Acquisition Sub Corp. Delaware4
  • Prime Shine, LLC California4
  • Sunshine Acquisition Sub Corp. Delaware4
  • Tampa Car Wash Operations, LLC Florida4
  • WFCW Acquisition, LLC Florida4
  • WFCW Opco, LLC Florida4
  • WFCW Propco Bonita, LLC Florida4
  • WFCW Propco Colonial, LLC Florida4
  • WFCW Propco Daniels, LLC Florida4
  • WFCW Propco Goldenwood, LLC Florida4
  • WFCW Propco McCall LLC Florida4
  • WFCW Propco Naples, LLC Florida4
  • WFCW Propco Rattlesnake, LLC Florida4
  • WFCW Propco Vintage, LLC Florida4
  • WFCW Propco, LLC Florida4

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. May 19, 20268-K Entered a material agreement; Ended a material agreement; Completed an acquisition or sale34
  2. Apr 29, 20268-K Results of operations35
  3. Feb 18, 20268-K Entered a material agreement; Results of operations; New debt or obligation36
  4. Oct 29, 20258-K Results of operations37
  5. Jul 30, 20258-K Results of operations38
  6. May 23, 20258-K Shareholder vote39
  7. Apr 30, 20258-K Results of operations40
  8. Feb 19, 20258-K Results of operations41
  9. Jan 29, 20258-K Executive or director change42
  10. Jan 10, 20258-K Executive or director change43
  11. Dec 19, 20248-K Listing notice or transfer; Regulation FD disclosure44
  12. Dec 3, 20248-K Entered a material agreement; New debt or obligation45
  13. Feb 8, 2007Founded Mister Car Wash, Inc. is founded2

Calendar

When it reported results

  1. Apr 29, 2026Reported quarterly or annual results35
  2. Feb 18, 2026Reported quarterly or annual results36
  3. Oct 29, 2025Reported quarterly or annual results37
  4. Jul 30, 2025Reported quarterly or annual results38
  5. Apr 30, 2025Reported quarterly or annual results40
  6. Feb 19, 2025Reported quarterly or annual results41
  7. Oct 30, 2024Reported quarterly or annual results46
  8. Jul 31, 2024Reported quarterly or annual results47

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

304 filings to the SEC since October 2021: 6 annual reports, 14 quarterly reports, 41 major events, 157 insider forms, 6 large holders, 80 other. The latest 20:

  1. May 29, 202615-12G EDGAR
  2. May 19, 20264/A EDGAR
  3. May 19, 20264/A EDGAR
  4. May 19, 20264/A EDGAR
  5. May 19, 20264/A EDGAR
  6. May 19, 20264/A EDGAR
  7. May 19, 2026SCHEDULE 13G/A EDGAR
  8. May 19, 20264 EDGAR
  9. May 19, 20264 EDGAR
  10. May 19, 20264 EDGAR
  11. May 19, 20264 EDGAR
  12. May 19, 20264 EDGAR
  13. May 19, 20264 EDGAR
  14. May 19, 20264 EDGAR
  15. May 19, 20264 EDGAR
  16. May 19, 20264 EDGAR
  17. May 19, 20264 EDGAR
  18. May 19, 20264 EDGAR
  19. May 19, 20264 EDGAR
  20. May 19, 20264 EDGAR

The 304 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

96 open-market trades by officers, directors and large owners since October 2021: 0 buys and 96 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Mar 2, 2026Lai John Lo-minnChief Executive OfficerSale22,037$7.08$156.0KForm 4
Mar 2, 2026Gold Jedidiah MarcChief Financial OfficerSale4,761$7.08$33.7KForm 4
Mar 2, 2026Matheny Joseph DuaneChief Innovation OfficerSale2,318$7.08$16.4KForm 4
Jun 26, 2025Gold Jedidiah MarcChief Financial OfficerSale6,357$6.13$39.0KForm 4
Jun 26, 2025Lai John Lo-minnChief Executive OfficerSale33,904$6.13$207.8KForm 4
Jun 26, 2025Matheny Joseph DuaneChief Innovation OfficerSale2,119$6.13$13.0KForm 4
Jun 23, 2025Matheny Joseph DuaneChief Innovation OfficerSale102,456$6.30$645.5KForm 4
Jun 2, 2025Porter Mary LynChief People OfficerSale6,303$6.69$42.2KForm 4
Jun 2, 2025Matheny Joseph DuaneChief Innovation OfficerSale2,625$6.69$17.6KForm 4
Jun 2, 2025Lai John Lo-minnChief Executive OfficerSale41,997$6.69$281.0KForm 4
Jun 2, 2025Gold Jedidiah MarcChief Financial OfficerSale9,187$6.69$61.5KForm 4
May 22, 2025TAYLOR JODIDirectorSale5,205$7.06$36.7KForm 4
May 22, 2025Rogers VeronicaDirectorSale5,205$7.06$36.7KForm 4
May 13, 2025Matheny Joseph DuaneChief Innovation OfficerSale9,000$7.97$71.7KForm 4
Mar 25, 2025Gold Jedidiah MarcChief Financial OfficerSale52,989$8.52$451.5KForm 4
Mar 17, 2025Matheny Joseph DuaneChief Innovation OfficerSale36,452$8.01$292.0KForm 4
Mar 14, 2025Matheny Joseph DuaneChief Innovation OfficerSale100$7.97$797Form 4
Mar 13, 2025Matheny Joseph DuaneChief Innovation OfficerSale600$7.97$4.8KForm 4
Mar 3, 2025Lai John Lo-minnChief Executive OfficerSale22,039$8.44$186.0KForm 4
Mar 3, 2025Gold Jedidiah MarcChief Financial OfficerSale93,121$8.51$792.1KForm 4

All 96 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.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2024John Lai$1.0M$6.7M51
2024Jedidiah Gold$495.2K$1.8M51
2024Mayra Chimienti$350.0K$905.1K51
2024Mary Porter$391.2K$850.3K51
2024Markus Hartmann$358.2K$800.4K51
2024Joseph Matheny$350.0K$786.9K51
2023President and Chief$1.0M$8.2M51
2023Chief Financial$475.0K$1.8M51
2023Chief People$252.4K$969.8K51
2023former$350.0K$892.5K51
2023Chief Innovation$323.2K$797.8K51
2022Executive Officer$1.0M$2.0M51
2022Officer$470.6K$619.8K51
2022Chief Operating Officer$318.7K$537.7K51
2022General Counsel$48.5K$220.8K51

SEC filer profile

How Mister Car Wash, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARMister Car Wash, Inc.1
  • CIK0001853513
  • Employer ID (EIN)47-13939095
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company5
  • Incorporated inDelaware5
  • Fiscal year endsDecember 311
  • Industry code (SIC)7500 Services-Automotive Repair, Services & Parking1
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
  • Business address222 E. 5Th Street, Tucson, AZ 857051
  • Phone520-615-40001
  • Shares outstanding328,894,540 as of Apr 23, 202613
  • Public float$603.6B as of Jun 30, 20255
  • AuditorDeloitte & Touche LLP, Tempe, Arizona PCAOB ID 34; it also attests to the company’s internal control over financial reporting5
  • On EDGAR sinceApr 2, 20211
  • Filings375 in all: 4 (162), 8-K (40), 144 (35), 3 (21), 10-Q (15), 4/A (11), 424B3 (10), CORRESP (7)1
    All 46 form types

    UPLOAD (7), 10-K (5), DEF 14A (4), DEFA14A (4), 8-K/A (3), ARS (3), EFFECT (3), S-8 (3), S-8 POS (3), SC 13E3/A (3), 3/A (2), 8-A12B (2), CERT (2), DRS (2), S-1 (2), SC 13G (2), SCHEDULE 13G (2), SCHEDULE 13G/A (2), 10-K/A (1), 15-12G (1), 25 (1), 25-NSE (1), 424B4 (1), 424B5 (1), 5 (1), CT ORDER (1), DEFM14C (1), DRS/A (1), DRSLTR (1), FWP (1), POS AM (1), POS EX (1), PRE 14A (1), PREM14C (1), PRER14C (1), S-1/A (1), S-3ASR (1), SC 13E3 (1)

  • Latest filingsAnnual report (10-K) Feb 27, 2026
    Quarterly report (10-Q) May 1, 2026
    Proxy statement (DEF 14A) Apr 9, 2025
    Latest 8-K (8-K) May 19, 2026

Securities registered for trading

ClassSymbolExchange
Common stock, par value $0.01 per shareMCWThe Nasdaq Stock Market LLC

From the cover page of the 10-K filed Feb 27, 2026 (Section 12(b) of the Exchange Act).5

Risk factors and legal proceedings

The risks Mister Car Wash, Inc. names in Item 1A of its 10-K filed Feb 27, 2026: 35 risks under these headings, as written.5

  • Risks Related to Our Business
  • We may be unable to sustain or increase demand for our UWC subscription program, which could adversely affect our business, financial condition and results of operations and rate of growth.
  • If we fail to acquire, open and operate new locations in a timely and cost-effective manner or fail to successfully enter new markets, our financial performance could be materially and adversely affected.
  • We may not be able to maintain and enhance our reputation and brand recognition, which are key contributors to successful implementation of our growth strategies.
  • If we are unable to compete successfully against other companies and operators in our industry, we may lose customers and market share and our revenues may decline.
  • Global economic conditions, including inflation and supply chain disruptions, and other increased operating costs could adversely affect our operations.
  • We are subject to a number of risks and regulations related to credit card and debit card payments we accept.
  • We depend on a limited number of suppliers for most of our car wash equipment and certain supplies.
  • Our locations may experience difficulty hiring and retaining qualified personnel, resulting in higher labor costs.
  • We rely on cash from our operating activities to make lease payments for the land and buildings where many of our locations are situated, which may strain our cash flow and expose us to potential liabilities and losses.
  • Changes in applicable tax laws could have a material and adverse effect on our business, financial condition and results of operations. Our effective tax rate could also change materially as a result of various evolving factors, including changes in income tax law or changes in the scope of our operations.
  • Risks Related to the Merger
The other 25 risks
  • The Merger may not be completed on the timeline currently contemplated, or at all, and failure to complete the Merger may result in material adverse consequences to our business and operations and the price of our common stock.
  • We will be subject to various uncertainties while the Merger is pending that may cause disruption and may make it more difficult to maintain relationships with employees, customers and other third-party business partners.
  • While the Merger is pending and the Merger Agreement is in effect, we are subject to restrictions on our business activities.
  • The Merger Agreement contains provisions that could discourage a potential competing acquirer of the Company or could result in a competing acquisition proposal being at a lower price than it might otherwise be.
  • If the Merger Agreement is terminated, we may, under certain circumstances, be obligated to pay a termination fee to Parent. These costs could require us to use available cash that would have otherwise been available for other uses.
  • We have incurred, and will continue to incur, direct and indirect costs as a result of the Merger.
  • Litigation challenging the Merger Agreement may prevent the Merger from being consummated within the expected timeframe or at all.
  • If the Merger is completed, our stockholders will forgo the opportunity to benefit from potential future appreciation in the value of the Company.
  • Risks Related to Our Indebtedness and Capital Requirements
  • Our indebtedness could adversely affect our financial health and competitive position.
  • The terms of our credit facilities impose certain operating and financial restrictions on us that may impair our ability to adapt to changing competitive or economic conditions.
  • In order to support the growth of our business, we may need to incur additional indebtedness or seek capital through new equity or debt financings, which sources of additional capital may not be available to us on acceptable terms or at all.
  • We are a holding company and depend on our subsidiaries for cash to fund operations and expenses.
  • Risks Related to Government Regulation
  • Our locations are subject to certain environmental laws and regulations.
  • The historical transportation, distribution and storage of motor fuels (diesel fuel and gasoline) and other chemicals are subject to environmental protection and operational safety laws and regulations.
  • Evolving global climate change regulations and effects of greenhouse gas emissions may adversely affect our operations and financial performance.
  • Government regulations, weather conditions including drought and natural hazards may affect the availability of water supplies for use at our car wash locations.
  • Risks Related to Intellectual Property, Information Technology and Data Privacy
  • We are subject to data security and privacy risks that could negatively impact our results of operations or reputation.
  • We may be unable to adequately protect, and we may incur significant costs in enforcing or defending, our intellectual property and other proprietary rights.
  • We may be subject to infringement claims.
  • Risks Related to Ownership of Our Common Stock
  • We are a “controlled company” within the meaning of the NASDAQ rules and, as a result, will qualify for, and may rely on, exemptions from certain corporate governance requirements.
  • Our amended and restated certificate of incorporation could prevent us from benefiting from corporate opportunities that might otherwise have been available to us.
  • Sales of a substantial number of shares of our common stock in the public market by our existing stockholders could cause our stock price to fall.
  • Some provisions of our charter documents and Delaware law may have anti-takeover effects that could discourage an acquisition of us by others, even if an acquisition would be beneficial to our stockholders, and may prevent attempts by our stockholders to replace or remove our current management.
  • Our amended and restated certificate of incorporation provides that the Court of Chancery of the State of Delaware or federal district courts of the United States will be the sole and exclusive forum for certain types of lawsuits, which could limit our stockholders' abilities to obtain a favorable judicial forum for disputes with us or our directors, officers or employees.
  • We do not intend to pay dividends for the foreseeable future.

Legal proceedings

We are subjected from time-to-time to various claims, lawsuits and other legal proceedings, including intellectual property claims. Some of these claims, lawsuits and other legal proceedings involve highly complex issues, and often these issues are subject to substantial uncertainties. Accordingly, our potential liability with respect to a large portion of such claims, lawsuits and other legal proceedings cannot be estimated with certainty. Management, with the assistance of legal counsel, periodically reviews the status of each significant matter and assesses potential financial exposure. We recognize provisions for claims or pending litigation when we determine that an unfavorable outcome is probable, and the amount of loss can be reasonably estimated. Due to the inherent uncertain nature of litigation, the ultimate outcome or actual cost of settlement may materially vary from estimates. If management’s estimates prove incorrect, we could incur a charge to earnings which could have a material and adverse effect on our business, results of operations, and financial condition. We are not party to any material legal proceedings.

The opening of Item 3, Legal Proceedings.5

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
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