Annual report [Section 13 and 15(d), not S-K Item 405]

CONSOLIDATED STATEMENTS OF OPERATIONS

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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Income Statement [Abstract]      
Revenue, net $ 391,490 $ 395,623 $ 301,313
Cost of goods sold 230,316 270,175 202,134
Gross profit 161,174 125,448 99,179
Operating expenses      
Marketing and advertising 35,631 30,794 38,169
Salaries, wages and benefits 62,415 71,054 64,286
General and administrative 50,827 71,613 64,486
Other operating expense, net 8,453 2,198 0
Total operating expenses 157,326 175,659 166,941
Operating income (loss) 3,848 (50,211) (67,762)
Non-operating income (expenses)      
Interest expense, net (11,325) (6,330) (1,593)
Other income, net 0 10 339
Change in fair value of earn-out liability 0 0 (209,651)
Change in fair value of warrant liability 0 0 (56,675)
Change in fair value of derivative liability 0 0 (2,335)
Total non-operating expenses (11,325) (6,320) (269,915)
Loss before income taxes (7,477) (56,531) (337,677)
Income tax expense 172 185 367
Net loss (7,649) (56,716) (338,044)
Less: Net loss attributable to non-controlling interest (4,697) (39,971) (255,138)
Net loss attributable to BRC Inc. $ (2,952) $ (16,745) $ (82,906)
Net loss per share attributable to Class A Common Stock      
Basic (in dollars per share) [1] $ (0.04) $ (0.27) $ (1.62)
Diluted (in dollars per share) [1] $ (0.04) $ (0.27) $ (1.62)
Weighted-average shares of Class A Common Stock outstanding      
Basic (in shares) [1] 71,107,562 60,932,225 51,246,632
Diluted (in shares) [1] 71,107,562 60,932,225 51,246,632
[1] For the year ended December 31, 2022, net loss per share of Class A Common Stock and weighted-average shares of Class A Common Stock outstanding is representative of the period from February 9, 2022 through December 31, 2022, the period following the Business Combination, as defined in Note 1 - Organization and Nature of Business. For more information, refer to Note 17 - Net Loss per Share.