Supplemental Balance Sheet Information (Tables)
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9 Months Ended |
Sep. 30, 2026 |
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| Organization, Consolidation and Presentation of Financial Statements [Abstract] |
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| Schedule of Inventories |
Inventories, net, consists of the following (dollars in thousands):
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September 30, |
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December 31, |
|
2026 |
|
2025 |
|
(unaudited) |
|
(audited) |
| Coffee and Energy: |
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|
|
| Unroasted |
$ |
2,939 |
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|
$ |
3,519 |
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| Finished Goods |
29,590 |
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|
20,144 |
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| RTD, raw materials |
42 |
|
|
3,935 |
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| RTD, finished goods |
7,550 |
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|
17,943 |
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| Apparel and other merchandise |
2,085 |
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|
4,162 |
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| Total inventories, net |
$ |
42,206 |
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|
$ |
49,703 |
|
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| Schedule of Prepaid Advertising Credits |
The following table summarizes the utilization of prepaid advertising credits (dollars in thousands, unaudited):
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Three Months Ended September 30, |
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Nine Months Ended September 30, |
|
2026 |
|
2025 |
|
2026 |
|
2025 |
| Prepaid advertising credits utilized |
$ |
1,147 |
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|
$ |
1,182 |
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|
$ |
3,888 |
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|
$ |
3,473 |
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| Schedule of Property, Plant and Equipment, Net |
Property, plant, and equipment, net consists of the following (dollars in thousands):
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September 30, |
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December 31, |
|
2026 |
|
2025 |
|
(unaudited) |
|
(audited) |
| Computer equipment and software |
$ |
14,796 |
|
|
$ |
19,927 |
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| Building and leasehold improvements |
8,083 |
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|
24,216 |
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| Machinery and equipment |
4,436 |
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|
19,694 |
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| Furniture and fixtures |
1,963 |
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|
2,887 |
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| Vehicles |
756 |
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|
809 |
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| Land |
— |
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|
110 |
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| Construction in progress |
1,175 |
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|
8,584 |
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| Property, plant, and equipment, gross |
31,209 |
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|
76,227 |
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| Less: accumulated depreciation and amortization |
(18,761) |
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|
(33,372) |
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| Total property, plant, and equipment, net |
$ |
12,448 |
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|
$ |
42,855 |
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The following table summarizes the depreciation expense for internal use software recognized in general and administrative expense within the consolidated statements of operations (dollars in thousands, unaudited):
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Three Months Ended September 30, |
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Nine Months Ended September 30, |
|
2026 |
|
2025 |
|
2026 |
|
2025 |
| Depreciation expense for internal use software |
$ |
659 |
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|
$ |
1,355 |
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|
$ |
2,501 |
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|
$ |
4,043 |
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| Schedule of Accrued Liabilities |
Accrued liabilities consists of the following (dollars in thousands):
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September 30, |
|
December 31, |
|
2026 |
|
2025 |
|
(unaudited) |
|
(audited) |
| Accrued compensation and benefits |
$ |
6,912 |
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|
$ |
5,919 |
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| Accrued trade |
4,248 |
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|
2,587 |
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| Accrued inventory purchases |
571 |
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|
843 |
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| Accrued freight |
1,689 |
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|
4,333 |
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| Accrued software contracts |
2,081 |
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|
4,024 |
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| Accrued professional fees |
2,282 |
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|
2,761 |
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| Deferred purchase incentive |
2,628 |
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|
2,506 |
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| Accrued marketing |
2,879 |
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|
2,330 |
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| Accrued donations |
885 |
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|
1,709 |
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| Accrued sales and other taxes |
1,041 |
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|
1,137 |
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| Other accrued expenses |
4,821 |
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|
4,306 |
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| Total accrued liabilities |
$ |
30,037 |
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$ |
32,455 |
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| Schedule of Deferred Revenue, Gift Cards, and Loyalty Program, Including Significant Changes in Deferred Revenue |
The following table provides information about deferred revenue, gift cards, and the BRCC Loyalty Points rewards program (the "Loyalty Program"), including significant changes in deferred revenue balances for the below designated periods (dollars in thousands, unaudited):
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Three Months Ended September 30, |
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Nine Months Ended September 30, |
|
2026 |
|
2025 |
|
2026 |
|
2025 |
| Balance as of beginning of period |
$ |
2,902 |
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|
$ |
3,770 |
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|
$ |
4,033 |
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$ |
3,918 |
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| Sales of gift cards |
86 |
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|
88 |
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|
344 |
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|
521 |
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| Redemption of gift cards |
(133) |
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|
(93) |
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(370) |
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|
(645) |
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| Increase from deferral of revenue |
1,309 |
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|
2,946 |
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|
1,309 |
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|
2,946 |
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| Decrease from revenue recognition |
(1,408) |
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|
(1,738) |
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(2,525) |
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|
(1,784) |
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| Loyalty Program points earned |
182 |
|
|
361 |
|
|
620 |
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|
1,021 |
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| Loyalty Program points redeemed/expired |
(296) |
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|
(665) |
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(769) |
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(1,308) |
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| Balance as of end of period |
$ |
2,642 |
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|
$ |
4,669 |
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$ |
2,642 |
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$ |
4,669 |
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