Quarterly report [Sections 13 or 15(d)]

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 12,029 $ 4,330
Accounts receivable, net 32,890 35,057
Inventories, net 45,640 49,703
Prepaid expenses and other current assets 13,437 11,235
Total current assets 103,996 100,325
Property, plant, and equipment, net 39,779 42,855
Operating lease, right-of-use asset 20,171 21,205
Non-current prepaid marketing expenses 41,651 44,432
Identifiable intangibles, net 270 300
Other 125 126
Total assets 205,992 209,243
Current liabilities:    
Accounts payable 36,052 34,721
Accrued liabilities 29,691 32,455
Deferred revenue and gift card liability 2,902 4,033
Current maturities of long-term debt 2,000 2,400
Current operating lease liability 2,527 2,481
Current maturities of finance lease obligations 4 4
Total current liabilities 73,176 76,094
Non-current liabilities:    
Long-term debt, net 29,609 32,313
Finance lease obligations, net of current maturities 13 15
Operating lease liability 23,548 24,822
Other non-current liabilities 6,281 7,982
Total non-current liabilities 59,451 65,132
Total liabilities 132,627 141,226
Commitments and Contingencies (Note 8)
Stockholders' equity:    
Preferred Stock, $0.0001 par value, 1,000,000 shares authorized; no shares issued or outstanding as of both June 30, 2026 and December 31, 2025 0 0
Additional paid in capital 183,761 180,973
Accumulated deficit (135,462) (135,344)
Total BRC Inc.'s stockholders' equity 48,324 45,653
Non-controlling interests 25,041 22,364
Total stockholders' equity 73,365 68,017
Total liabilities and stockholders' equity 205,992 209,243
Class A Common Stock    
Stockholders' equity:    
Common stock 12 11
Class B Common Stock    
Stockholders' equity:    
Common stock 13 13
Class C Common Stock    
Stockholders' equity:    
Common stock $ 0 $ 0