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

CONSOLIDATED BALANCE SHEETS

v3.25.4
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 4,330 $ 6,810
Accounts receivable, net 35,057 33,604
Inventories, net 49,703 42,647
Prepaid expenses and other current assets 11,235 12,410
Total current assets 100,325 95,471
Property, plant and equipment, net 42,855 59,204
Operating lease, right-of-use asset 21,205 26,703
Non-current prepaid marketing expenses 44,432 45,506
Identifiable intangibles, net 300 359
Other 126 139
Total assets 209,243 227,382
Current liabilities:    
Accounts payable 34,721 38,817
Accrued liabilities 32,455 27,900
Deferred revenue and gift card liability 4,033 3,918
Current maturities of long-term debt 2,400 2,047
Current operating lease liability 2,481 2,523
Current maturities of finance lease obligations 4 13
Total current liabilities 76,094 75,218
Non-current liabilities:    
Long-term debt, net 32,313 63,027
Finance lease obligations, net of current maturities 15 0
Operating lease liability 24,822 29,087
Other non-current liabilities 7,982 10,554
Total non-current liabilities 65,132 102,668
Total liabilities 141,226 177,886
Commitments and Contingencies (Note 15)
Stockholders’ equity:    
Preferred Stock, $0.0001 par value, 1,000,000 shares authorized; no shares issued or outstanding as of both December 31, 2025 and 2024 0 0
Additional paid in capital 180,973 136,583
Accumulated deficit (135,344) (123,430)
Total BRC Inc.’s stockholders’ equity 45,653 13,174
Non-controlling interests 22,364 36,322
Total stockholders’ equity 68,017 49,496
Total liabilities and stockholders' equity 209,243 227,382
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