Black Rock Coffee Bar, Inc. (BRCB) intrinsic value & 10-year financials

Black Rock Coffee Bar, Inc. (BRCB) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 4 fiscal years revenue grew 22.6% a year to $200.3M, with an average return on invested capital of -3.8%.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$8.07
Market cap
$137.4M
Revenue (FY2025)
$200.3M
Revenue growth (4-yr CAGR)
22.6%
ROIC (10-yr avg)
-3.8%
Free cash flow (FY2025)
-$32.7M

BRCB 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $200.3M -$60.0K $0.00 -$32.7M 0.4% 0.9%
FY2024 $160.9M -$7.2M — -$8.9M 3.7% -8.5%
FY2023 $133.2M -$8.8M — -$11.0M 1.5% —
FY2022 — — — — — —

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

Black Rock Coffee Bar, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

Black Rock Coffee Bar, Inc. has historically struggled to out-earn its cost of capital, averaging just -3.8% ROIC.

Black Rock Coffee Bar, Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, Black Rock Coffee Bar, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $0.00 per share.

BRCB stock: frequently asked questions

What is the intrinsic value of Black Rock Coffee Bar, Inc. (BRCB) stock?

Graham's formula only works with positive earnings. Black Rock Coffee Bar, Inc. reported diluted EPS of $0.00 in fiscal 2025, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

Does Black Rock Coffee Bar, Inc. generate free cash flow?

Black Rock Coffee Bar, Inc. generated -$32.7M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 0 of the last 3 reported years.

What is BRCB's return on invested capital?

Average ROIC over the last 4 fiscal years was -3.8%, and average return on equity was 1.4%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this BRCB data come from?

From Black Rock Coffee Bar, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed May 13, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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