BRC BRCC
NYSE · Beverages · $928M$9.74−0.10%Nov 5 close · Databento
BRCC Wire Story Reactions & EOD Technical StudyDaily closes (Databento EOD) pinned with every AlgoThesis Wire story (dot colour = next trading day close) and SEC filing
Nov 5, 2026CLOSE $9.741D −0.10%3M +1027.18%SMA20 $10.86SMA50 $9.72RSI(14) 43.9
9.74
RSI (14, Wilder EOD) · 70 Overbought / 30 OversoldRSI 43.9
Data provided by Databento (end of day). Next close = the first close after a story against the close before it; official daily closes only, not a call, not advice.
The numbers
fiscal 2025, as filed with the SEC · 66-metric EOD snapshot via DatabentoMarket cap$928M
Enterprise value$961.1M
Revenue$398.3M +1.7%
True FCF (ex-SBC)$-23.8M −609.8%
Rule of 40-1.7%
ROIC-24.5%
True FCF Yield-2.6%
EPS, diluted$-0.13 −225.0%
Modern Valuation (EOD)
Market Cap$928M
Enterprise Value$961.1M
EV / True FCF—
EV / FCF—
EV / Gross Profit6.97
EV / EBIT—
EV / Sales2.41
P / E (GAAP)—
P / FCF—
P / Oper. CF—
P / Book13.65
Owner & Cash Yields
True FCF Yield-2.6%
FCF Yield-1.5%
Owner Earn. Yield-1.5%
Earnings Yield-1.3%
Shareholder Yield−1.1%
Buyback Yield0.0%
Dividend Yield—
Dividend / sh—
Payout Ratio0%
FCF / sh—
EPS (diluted)$-0.13
Compounder & Returns
Rule of 40-1.7%
ROIC-24.5%
Cash ROIC (CROIC)-13.4%
GP / Assets65.9%
ROE-17.5%
ROA-5.7%
Gross Margin34.6%
Oper. Margin-6.2%
Net Margin-3.0%
FCF Margin-3.4%
True FCF Margin-6.0%
Quality & Dilution
Cash Conversion—
Accrual Ratio−1.0%
SBC % of FCF—
SBC % of Rev2.6%
Reinvest. Rate—
Sales Growth Y/Y+1.7%
Sales 3Y CAGR+9.7%
EPS Growth Y/Y−225.0%
FCF Growth Y/Y−609.8%
FCF 3Y CAGR—
Share Change Y/Y+33.9%
Balance Sheet & Scale
Revenue (FY)$398.3M
Gross Profit (FY)$137.9M
Oper. Income (FY)$-24.6M
GAAP Net Income$-11.9M
True FCF (ex-SBC)$-23.8M
Cash & Equiv$4.3M
Total Debt$37.1M
Net Cash (Debt)$-32.8M
Net Cash % MCap−3.5%
Debt / FCF (yrs)—
Current Ratio1.32
Price & Technicals (EOD)
Perf Week−25.02%
Perf Month+2.96%
Perf Quarter+874.00%
Perf Half Y+679.20%
Perf YTD+959.50%
SMA 20 Dist−10.33%$10.86
SMA 50 Dist+0.17%$9.72
SMA 100 Dist+72.78%$5.64
Window High−25.02%$12.99
Window Low+1102.47%$0.81
RSI (14) · Vol43.9107%v
Income Distribution & Cash Flow ConversionHow every dollar of BRCC revenue flows through cost of goods, operating expenses, taxes, GAAP net income, and dilution-adjusted free cash flow
Where Every $100 of Revenue Goes (FY2025)
Cost of Revenue (COGS)$260.3M ($65.4 / $100)
Operating Expenses$162.5M ($40.8 / $100)
Tax & Non-Operating$0 ($0.0 / $100)
Net Profit Kept$-11.9M ($0.0 / $100)
Earnings Quality: GAAP Profit → True Owner Cash (FY2025)
GAAP Net Income$-11.9M (-3.0% margin)
Operating Cash Flow (OCF)$-9.8M(-2.5% of rev)
Less: Capital Expenditures−$3.7M(0.9% of rev)
Standard Free Cash Flow (FCF)$-13.5M(-3.4% margin)
Less: Stock-Based Comp (SBC)−$10.3M
True FCF (Owner Cash ex-SBC)$-23.8M(-6.0% of rev)
Revenue by fiscal year
Operating leverage — margins
GrossOperatingNet
| Line Item (USD) | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY Δ | 4Y CAGR | Trend |
|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||
| Revenue | $233.1M | $301.3M | $395.6M | $391.5M | $398.3M | +1.7% | +14.3% | |
| Cost of Revenue (COGS) | $143.4M | $202.1M | $270.2M | $230.3M | $260.3M | +13.0% | +16.1% | |
| Gross Profit | $89.7M | $99.2M | $125.4M | $161.2M | $137.9M | −14.4% | +11.4% | |
| Total Operating Expenses | $101.3M | $166.9M | $175.7M | $157.3M | $162.5M | +3.3% | +12.6% | |
| Operating Income (EBIT) | $-11.6M | $-67.8M | $-50.2M | $3.8M | $-24.6M | −739.2% | — | |
| Interest Expense | $2.0M | $1.6M | $6.3M | $11.3M | $7.5M | −33.7% | +38.6% | |
| Income Tax Expense | $178,000 | $367,000 | $185,000 | $172,000 | $132,000 | −23.3% | −7.2% | |
| GAAP Net Income | $-13.8M | $-82.9M | $-16.7M | $-3.0M | $-11.9M | −303.6% | — | |
| Diluted EPS | — | $-1.62 | $-0.27 | $-0.04 | $-0.13 | −225.0% | — | |
| Diluted Shares | — | 51.2M | 60.9M | 71.1M | 95.2M | +33.9% | +22.9% | |
| Balance Sheet | ||||||||
| Cash & Equivalents | $18.3M | $39.0M | $12.4M | $6.8M | $4.3M | −36.4% | −30.3% | |
| Inventory | $20.9M | $77.2M | $56.5M | $42.6M | $49.7M | +16.5% | +24.2% | |
| Total Current Assets | $53.0M | $145.3M | $107.7M | $95.5M | $100.3M | +5.1% | +17.3% | |
| Total Assets | $87.1M | $225.3M | $235.8M | $227.4M | $209.2M | −8.0% | +24.5% | |
| Total Current Liabilities | $59.0M | $62.2M | $84.1M | $75.2M | $76.1M | +1.2% | +6.6% | |
| Total Debt (Short + Long Term) | $46.7M | $51.3M | $73.3M | $67.1M | $37.1M | −44.7% | −5.6% | |
| Total Liabilities | $82.3M | $129.4M | $189.3M | $177.9M | $141.2M | −20.6% | +14.5% | |
| Stockholders' Equity | $-149.5M | $95.9M | $46.5M | $49.5M | $68.0M | +37.4% | — | |
| Net Cash / (Net Debt) | $-28.3M | $-12.3M | $-60.8M | $-60.3M | $-32.8M | +45.6% | — | |
| Invested Capital | $-121.2M | $108.2M | $107.3M | $109.8M | $100.8M | −8.2% | — | |
| Cash Flow & Capital Allocation | ||||||||
| Operating Cash Flow (OCF) | $-7.7M | $-116.2M | $-25.0M | $11.3M | $-9.8M | −186.8% | — | |
| Depreciation & Amortization (D&A) | $2.9M | $4.4M | $7.3M | $10.1M | $12.2M | +21.3% | +43.3% | |
| Stock-Based Compensation (SBC) | $3.2M | $6.1M | $7.0M | $10.6M | $10.3M | −2.8% | +33.9% | |
| Capital Expenditures (CapEx) | $19.3M | $30.4M | $27.2M | $8.7M | $3.7M | −57.8% | −34.0% | |
| Free Cash Flow (FCF) | $-27.0M | $-146.6M | $-52.2M | $2.6M | $-13.5M | −609.8% | — | |
| True FCF (ex-SBC Owner Cash) | $-30.2M | $-152.7M | $-59.2M | $-8.0M | $-23.8M | −198.5% | — | |
| Share Repurchases (Buybacks) | $0 | $20.1M | $0 | $0 | $0 | — | — | |
| Dividends Paid | $7.0M | $0 | $0 | — | $0 | — | — | |
Fundamentals, income distribution and multi-year statements from SEC EDGAR filings (public domain). Valuation multiples, performance and technicals computed from Databento 1D EOD closes. For information only, not investment advice.
On the Wire
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