Quarterly report [Sections 13 or 15(d)]

Net Loss Per Share

v3.25.3
Net Loss Per Share
 9 Months Ended
Sep. 30, 2025
Earnings Per Share [Abstract]  
Net Loss Per Share Net Loss Per Share
Basic net loss per share is calculated by dividing net loss attributable to BRC Inc. by the weighted-average shares of Class A Common Stock outstanding without consideration for potential dilutive securities. Shares of Class B Common Stock do not participate in the earnings or losses of the Company and are therefore not participating securities. As such, separate presentation of basic and diluted loss per share of Class B Common Stock under the two-class method has not been presented.

The following table sets forth the computation of basic and diluted net loss per share (in thousands, except unit/share and per unit/share amounts, unaudited):

Three Months Ended September 30, Nine Months Ended September 30,
2025 2024 2025 2024
Numerator:
Net loss $ (1,238) $ (1,397) $ (23,595) $ (916)
Less: Net loss attributable to non-controlling interest (752) (862) (14,893) (446)
Net loss attributable to BRC Inc. $ (486) $ (535) $ (8,702) $ (470)
Denominator:
Weighted-average shares of Class A Common Stock outstanding 107,994,798  72,154,931  88,625,749  68,904,034 
Net loss per share attributable to Class A Common Stock, basic and diluted $ 0.00  $ (0.01) $ (0.10) $ (0.01)

The Company excluded the following potentially dilutive securities, presented based on amounts outstanding at each period end, from the computation of diluted net loss per share attributable to Class A Common Stock because including them would have had an antidilutive effect:

Three Months Ended September 30, Nine Months Ended September 30,
2025 2024 2025 2024
Stock options 7,722,487  5,562,950  7,722,487  5,562,950 
Common Units 133,889,692  135,473,335  133,889,692  135,473,335 
RSUs 4,124,177  2,365,173  4,124,177  2,365,173 
PSUs 8,462,412  8,462,412  8,462,412  8,462,412 
Incentive Units (Share Equivalents) 1,221,857  1,187,537  1,221,857  1,187,537 
ESPP 81,659  78,287  81,659  78,287 
Total units excluded from computation of diluted net loss per share 155,502,284  153,129,694  155,502,284  153,129,694