Quarterly report [Sections 13 or 15(d)]

CONSOLIDATED BALANCE SHEETS

v3.25.3
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 9,482 $ 6,810
Accounts receivable, net 30,449 33,604
Inventories, net 53,021 42,647
Prepaid expenses and other current assets 11,349 12,410
Assets held for sale 4,294 0
Total current assets 108,595 95,471
Property, plant and equipment, net 46,582 59,204
Operating lease, right-of-use asset 23,356 26,703
Non-current prepaid marketing expenses 43,431 45,506
Identifiable intangibles, net 314 359
Other 123 139
Total assets 222,401 227,382
Current liabilities:    
Accounts payable 35,303 38,817
Accrued liabilities 36,755 27,900
Deferred revenue and gift card liability 4,669 3,918
Current maturities of long-term debt 2,150 2,047
Current operating lease liability 2,462 2,523
Current maturities of finance lease obligations 4 13
Total current liabilities 81,343 75,218
Non-current liabilities:    
Long-term debt, net 32,859 63,027
Finance lease obligations, net of current maturities 16 0
Operating lease liability 25,440 29,087
Other non-current liabilities 8,549 10,554
Total non-current liabilities 66,864 102,668
Total liabilities 148,207 177,886
Commitments and Contingencies (Note 14)
Stockholders' equity:    
Preferred Stock, $0.0001 par value, 1,000,000 shares authorized; no shares issued or outstanding as of both September 30, 2025 and December 31, 2024 0 0
Additional paid in capital 180,100 136,583
Accumulated deficit (132,133) (123,430)
Total BRC Inc.'s stockholders' equity 47,991 13,174
Non-controlling interests 26,203 36,322
Total stockholders' equity 74,194 49,496
Total liabilities and stockholders' equity 222,401 227,382
Class A Common Stock    
Stockholders' equity:    
Common stock 11 8
Class B Common Stock    
Stockholders' equity:    
Common stock 13 13
Class C Common Stock    
Stockholders' equity:    
Common stock $ 0 $ 0