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BRC Inc. (BRCC) stock

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NYSE: BRCC NYSE Beverages Next results ~February 1, 2027

C Fundamentals grade

BRC Inc. is a US-listed company in the beverages industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$14

Price-to-sales vs peers

Base case. Range ~$14–$99. Sales per share times peers' typical price-to-sales; used only when earnings are negative.

Price vs value

No Buy/Hold/Sell rating is issued: only 1 valuation models apply; a rating needs 3.

BRC Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders3 buying, 2 selling6 purchases and 9 sales by directors and officers, last 12 monthsInsider trades
  • Funds81 adding, 45 cuttingOf 22 active managers that changed their stake, 17 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter BRC files

Where BRC stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $430m, up 10.5% on a year earlier, faster than the 9.0% growth a quarter earlier. Free-cash-flow margin rose to 1.8% from -2.4% a year earlier. Operating margin widened to -1.0% from -4.9%. The diluted share count is up 48.6% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 3 of our 6 financial-health checks. Our revenue-to-maturity cash-flow model value is $6.95 a share, against a share price of $12.35.

Source: 10-Q filed August 3, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~February 1, 2027 (estimated)

BRC Inc.'s trailing-twelve-month revenue grew 11.7% year on year, with a free-cash-flow margin of -0.1%. Where it lags: change in share count of 26.2% ranks 16 of 19 beverages companies we cover.

Current signal Results well ahead of expectations: Reported earnings per share beat the analysts' consensus estimate by 9748% in the quarter to 2026-09-30, the 3rd beat in the last four quarters.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Estimates rising. Analysts' consensus for next year's earnings per share has risen 40.0% over 90 days.

Things to watch

  • Loss-making. Operating margin is -2.8%: costs exceed revenue.
  • Burning cash. Free cash flow was -0.1% of revenue over the last 12 months.
  • Share dilution. Diluted shares rose 26.2% in a year.
  • Volatile shares. Over the past year the shares showed annualised volatility of 75% and a beta of 0.8 against the S&P 500.
  • Gross margin slipping. Gross margin is down 2.3 points on a year ago.

Latest results: FY2026 Q3

Filed November 2, 2026
Earnings per share
$0.98 against an average estimate of $0.01: beat by 9748.0%
Revenue
$108m, up 7.3% on a year earlier
Guidance given
net Revenue growth 8% (full-year fiscal 2026); gross Margin 34% to 36% (full-year fiscal 2026)
Next report
November 2, 2026; average EPS estimate $0.07

BRC's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+0.6%
  • 1 week+8.8%
  • 1 month+40.0%
  • This year+14.1%
  • 1 year-0.2%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$437M
Operating margin
-2.8%
Net margin
-1.5%
EPS (TTM, diluted)
$-0.78

Growth

Revenue growth
+11.7%
Change in growth rate
+1.2 pts
Share count change
+26.2%

Cash

Free cash flow (TTM)
-$613,000
FCF margin
-0.1%
Stock pay % of revenue
2.5%

Earnings

Last results
November 2, 2026
Next results (est.)
February 1, 2027

News & updates

Updated November 2, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Governance
  3. Results
  4. Guidance

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

BRC Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: only 1 valuation models apply; a rating needs 3.

Valuation models

We value BRC Inc. as an operating company, with every model that fits that kind of business. Cost of equity 8.8%: the 10-year Treasury yield (4.9%) plus a beta of 0.85 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. — Does not apply: no positive earnings in the latest twelve months
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: the model gives no positive value
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity is not positive
Price-to-sales vs peers Sales per share times peers' typical price-to-sales; used only when earnings are negative. ~$14 ~$16–$99 Included, half weight
Cash-flow model (DCF) Free cash flow after stock pay, grown then faded to 2.5%, discounted at 8.5%. — Does not apply: Noncontrolling ownership is material. Its fair value and share of cash flow must be valued separately; a book-value deduction is insufficient.
Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. — Does not apply: Noncontrolling ownership is material. Its fair value and share of cash flow must be valued separately; a book-value deduction is insufficient.
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. — Does not apply: Noncontrolling ownership is material. Its fair value and share of cash flow must be valued separately; a book-value deduction is insufficient.
Combined value Weighted average of the models that apply: the primary model (price-to-earnings vs peers) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$14 ~$14–$99 1 model

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare BRC Inc. with Beverages in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 2022202320242025
Share price$61.10$36.30$31.70$11.10
Market value$3.1bn$2.2bn$2.3bn$1.1bn
+ Net debt (− = net cash)$11m$64m$63m$35m
Enterprise value$3.1bn$2.3bn$2.3bn$1.1bn
Multiples
Price / sales 10.4x5.6x5.8x2.7x
Price / earnings ————
Price / free cash flow ——n/m—
EV / EBITDA ——166.7x—

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

30 /100

Weak moat

How hard BRC's competitive advantage looks for rivals to wear away, judged from 5 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Net income has been a median -3.7% of total assets over 5 years.

  • Pricing power 12 / 20

    Gross margin has been a median 34.1%, moving by 1.7 percentage points (standard deviation) across 5 years.

  • Durability 10 / 20

    Operating margin has been a median -5.0%; its worst year was -18.7%.

  • Cash conversion 2 / 20

    Free cash flow was positive in 1 of 5 years, at a median -0.9% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $0.07 −97% $432m +9%
Next $0.42 +500% $467m +8%

Next year's EPS estimate has moved +40.0% in 90 days, across 1 analysts.

How the EPS forecast has moved

In the last 30 days, 1 analyst raised BRC Inc.'s forecast and 0 cut it.

Consensus EPS forecast BRC Inc., last 90 days
$0.25 $0.30 $0.35 $0.40 $0.45 90 days ago 60 days ago 30 days ago 7 days ago Now Next fiscal year, 90 days ago: $0.30 Next fiscal year, 60 days ago: $0.30 Next fiscal year, 30 days ago: $0.30 Next fiscal year, 7 days ago: $0.40 Next fiscal year, Now: $0.42 $0.42

Average of analysts' published estimates (third-party data).

View chart data
Period Next fiscal year
90 days ago $0.30
60 days ago $0.30
30 days ago $0.30
7 days ago $0.40
Now $0.42

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $0.01 $0.98 +9748.0%
Mar 2026 −$0.10 $0.19 +293.0%
Sept 2025 −$0.10 $0.40 +504.0%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 3, 2026
  • Net Revenue full-year fiscal 2026 about 8% growth Maintained
    “Net Revenue $398.3 At least 8% growth” source
  • Gross Margin full-year fiscal 2026 34% to 36% Maintained
    “Gross Margin 34.6% 34% to 36%” source
  • Adj. EBITDA full-year fiscal 2026 about 35% growth Non-GAAP Maintained
    “Adj. EBITDA $21.4 At least 35% growth” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

Analyst recommendations

3 analysts, Nov 2026
Buy3100%
Hold00%
Sell00%

Monthly trend

  1. Nov 202633
  2. Oct 202633

Counts of recommendations published by analysts covering BRC Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
5.7%
of tradable shares
Days to cover
4.55
at average volume
Short interest, 1 month
−3%
to October 15, 2026
Held by institutions
49%
of shares
Held by insiders
24.4%
of shares
Employees
468
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −0.2%

$12.70 on October 31, 2025 to $12.67

ThenNowEffect
Revenue (last 12 months) $389m $430m +10.5%
P/S multiple 0.3x 0.3x +23.6%
Share count 8m 11m −26.9%

Biggest factor: share count. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 2023202420252026 to date
Return
BRCC−41%−13%−65%+14%
Industry peers (median)−4%−11%−36%−15%
S&P 500+26%+25%+18%+11%
Months that ended higher
BRCC42%58%25%55%
S&P 50067%75%75%46%
Largest fall from a high during the year
BRCC−68%−59%−65%−55%
S&P 500−10%−8%−19%−9%

Worst fall since February 10, 2022: 98% from April 11, 2022 to February 23, 2026. Getting back needed a 5198% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$6.25 – $17.80
From 52-week high
−28.8%
vs 50-day average
+31.1%
vs 200-day average
+23.8%
Volatility (1 year)
75%
Beta vs S&P 500
0.77

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
7 up, 4 down
typical move ±16.3%
After a week
3 up, 8 down
typical move ±16.8%
After a month
4 up, 7 down
typical move ±20.1%
Results releasedNext dayS&P 500 next day5 days21 days
August 3, 2026 +1.9% +3.3% −16.1% −19.7%
May 4, 2026 +23.9% +0.4% +18.3% +37.6%
November 3, 2025 +3.9% −1.0% −0.8% +3.1%
August 4, 2025 −15.2% +1.0% −12.8% −6.1%
May 5, 2025 −23.1% −1.4% −22.7% −24.0%
March 3, 2025 −16.7% −2.9% −21.3% −20.9%
January 14, 2025 +2.6% +2.0% −5.2% −15.1%
November 4, 2024 +4.8% +1.0% −5.1% −1.6%
August 7, 2024 −36.8% +1.6% −28.7% −26.8%
May 8, 2024 +34.1% +0.6% +33.3% +44.4%
March 6, 2024 +16.5% +1.5% +20.3% +22.1%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

BRC Inc. in five measures

Fundamentals grade C
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) BRC Inc.
$380M $400M $420M $440M FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $395.6M Revenue (TTM), FY24 Q1: $410.5M Revenue (TTM), FY24 Q2: $407.6M Revenue (TTM), FY24 Q3: $405.3M Revenue (TTM), FY24 Q4: $391.5M Revenue (TTM), FY25 Q1: $383.1M Revenue (TTM), FY25 Q2: $388.9M Revenue (TTM), FY25 Q3: $391.4M Revenue (TTM), FY25 Q4: $398.3M Revenue (TTM), FY26 Q1: $417.5M Revenue (TTM), FY26 Q2: $429.7M Revenue (TTM), FY26 Q3: $437M $437M

Source: SEC EDGAR filings. Retrieved November 3, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $395.6M
FY24 Q1 $410.5M
FY24 Q2 $407.6M
FY24 Q3 $405.3M
FY24 Q4 $391.5M
FY25 Q1 $383.1M
FY25 Q2 $388.9M
FY25 Q3 $391.4M
FY25 Q4 $398.3M
FY26 Q1 $417.5M
FY26 Q2 $429.7M
FY26 Q3 $437M
Revenue growth, TTM YoY BRC Inc.
-10% 0% 10% 20% 30% 40% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: 31.3% Revenue growth, TTM YoY, FY24 Q1: 28.7% Revenue growth, TTM YoY, FY24 Q2: 18.3% Revenue growth, TTM YoY, FY24 Q3: 9.7% Revenue growth, TTM YoY, FY24 Q4: -1.0% Revenue growth, TTM YoY, FY25 Q1: -6.7% Revenue growth, TTM YoY, FY25 Q2: -4.6% Revenue growth, TTM YoY, FY25 Q3: -3.4% Revenue growth, TTM YoY, FY25 Q4: 1.7% Revenue growth, TTM YoY, FY26 Q1: 9.0% Revenue growth, TTM YoY, FY26 Q2: 10.5% Revenue growth, TTM YoY, FY26 Q3: 11.7% 11.7%

Source: SEC EDGAR filings. Retrieved November 3, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 31.3%
FY24 Q1 28.7%
FY24 Q2 18.3%
FY24 Q3 9.7%
FY24 Q4 -1.0%
FY25 Q1 -6.7%
FY25 Q2 -4.6%
FY25 Q3 -3.4%
FY25 Q4 1.7%
FY26 Q1 9.0%
FY26 Q2 10.5%
FY26 Q3 11.7%
Operating margin (TTM) BRC Inc.
-15% -10% -5% 0% 5% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: -12.7% Operating margin (TTM), FY24 Q1: -7.0% Operating margin (TTM), FY24 Q2: -3.5% Operating margin (TTM), FY24 Q3: -1.5% Operating margin (TTM), FY24 Q4: 1.0% Operating margin (TTM), FY25 Q1: -1.4% Operating margin (TTM), FY25 Q2: -4.9% Operating margin (TTM), FY25 Q3: -5.0% Operating margin (TTM), FY25 Q4: -6.2% Operating margin (TTM), FY26 Q1: -4.3% Operating margin (TTM), FY26 Q2: -1.0% Operating margin (TTM), FY26 Q3: -2.8% -2.8%

Source: SEC EDGAR filings. Retrieved November 3, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 -12.7%
FY24 Q1 -7.0%
FY24 Q2 -3.5%
FY24 Q3 -1.5%
FY24 Q4 1.0%
FY25 Q1 -1.4%
FY25 Q2 -4.9%
FY25 Q3 -5.0%
FY25 Q4 -6.2%
FY26 Q1 -4.3%
FY26 Q2 -1.0%
FY26 Q3 -2.8%
FCF margin (TTM) BRC Inc.
-15% -10% -5% 0% 5% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: -13.2% FCF margin (TTM), FY24 Q1: -7.2% FCF margin (TTM), FY24 Q2: 0.2% FCF margin (TTM), FY24 Q3: 2.3% FCF margin (TTM), FY24 Q4: 0.7% FCF margin (TTM), FY25 Q1: -1.3% FCF margin (TTM), FY25 Q2: -2.4% FCF margin (TTM), FY25 Q3: -0.9% FCF margin (TTM), FY25 Q4: -3.4% FCF margin (TTM), FY26 Q1: -0.5% FCF margin (TTM), FY26 Q2: 1.8% FCF margin (TTM), FY26 Q3: -0.1% -0.1%

Source: SEC EDGAR filings. Retrieved November 3, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 -13.2%
FY24 Q1 -7.2%
FY24 Q2 0.2%
FY24 Q3 2.3%
FY24 Q4 0.7%
FY25 Q1 -1.3%
FY25 Q2 -2.4%
FY25 Q3 -0.9%
FY25 Q4 -3.4%
FY26 Q1 -0.5%
FY26 Q2 1.8%
FY26 Q3 -0.1%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Sept 2026
Income
Revenue 82 164 233 301 396 391 398 437
Gross profit 36 69 90 99 125 161 138 149
EBITDA 1 7 −9 −63 −43 14 −12 −4
Operating income −0 6 −12 −68 −50 4 −25 −12
Net income −1 4 −14 −83 −17 −3 −12 −7
Diluted EPS — — — −$1.62 −$0.27 −$0.04 −$0.13 —
Growth (year on year)
Revenue — +99.6% +42.2% +29.3% +31.3% −1.0% +1.7% +11.7%
EBITDA — — −221.4% — — — −189.2% —
Operating income — — −300.3% — — — — —
Net income — — −420.4% — — — — —
Margins
Gross margin 43.5% 42.3% 38.5% 32.9% 31.7% 41.2% 34.6% 34.1%
EBITDA margin 1.0% 4.4% −3.7% −21.0% −10.9% 3.6% −3.1% −0.8%
Operating margin −0.1% 3.5% −5.0% −22.5% −12.7% 1.0% −6.2% −2.8%
Net margin −0.9% 2.6% −5.9% −27.5% −4.2% −0.8% −3.0% −1.5%
Free-cash-flow margin 3.8% 1.1% −11.6% −48.7% −13.2% 0.7% −3.4% −0.1%
Cash flow
Cash from operations 4 12 −8 −116 −25 11 −10 2
Capital spending 1 10 19 30 27 9 4 2
Free cash flow 3 2 −27 −147 −52 3 −13 −1
Stock-based pay 0 2 3 6 7 11 10 11
Free cash flow after stock pay 3 −0 −30 −153 −59 −8 −24 −12
Balance sheet
Cash — 35 18 39 12 7 4 9
Total debt — 13 35 50 76 70 39 35
Net debt (negative = net cash) — −22 17 11 64 63 35 26
Diluted shares — — — 51m 61m 71m 95m —
Returned to shareholders
Dividends — 0 7 0 0 — — —
Buybacks — 0 0 20 0 0 — —
Total returned — 0 7 20 0 0 — —

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 6 checks passed · September 30, 2026
What it owns · $179m
Short-term assets $118mLonger-term assets $62m
What it owes, and who funded it · $158m
Short-term liabilities $74mLonger-term liabilities $38mShareholders' equity $46m
  • Short-term assets cover short-term liabilities $118m of assets due within a year against $74m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $118m short-term assets against $38m of longer-dated liabilities.
  • More cash than debt $9m of cash against $31m of debt.
  • Debt below 40% of shareholders' equity Debt is 68% of equity.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt $2m of operating cash flow against $31m of debt.
  • Operating profit covers interest at least five times over Operating income of −$12m against $5m of interest.

From BRC Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Diluted share count
+26.2%
year over year
Days sales outstanding
32 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in beverages
Last 12 months unless stated BRCC MGPI SNDL COCO ZVIA FIZZ Median
Revenue, last 12 months $437m $487m $678m $768m $170m $1.2bn $723m
Revenue growth, last 12 months 11.7% −15.9% 0.8% 26.0% 7.2% −1.8% 6.6%
Revenue growth, 3-year average 5.7% −15.7% — 17.0% 0.9% 0.0% 4.3%
Revenue growth, latest quarter 7.3% −9.9% — 33.7% 1.1% 0.0% 6.4%
Gross margin 34.1% 34.7% 27.3% 41.0% 47.7% 36.2% 42.6%
Operating margin −2.8% −57.2% −0.7% 19.9% −5.7% 18.4% −0.9%
Operating margin, 3-year average −3.1% −11.8% — 15.9% −12.6% 19.0% 11.9%
Net margin −1.5% −51.4% −1.7% 15.7% −5.3% 14.8% −1.6%
Cash from operations / revenue 0.4% 4.2% 7.5% 19.3% 2.1% 15.8% 9.9%
Free-cash-flow margin −0.1% 0.1% 6.1% 18.8% 1.7% 13.7% 9.0%
Free-cash-flow margin, 3-year average 0.4% 5.5% — 14.0% −8.5% 13.7% 8.8%
Stock pay / revenue 2.5% 1.1% 1.5% 1.8% 3.0% 0.0% 1.2%
Change in share count 26.2% −0.2% −2.3% 1.2% −0.7% −0.0% 0.0%

Median of all 26 companies we cover in beverages. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

26 beverages companies
Measure Company Peer median Rank
Revenue growth Growth 11.7% 6.9% 9 of 26
Change in growth rate Growth +1.2pp +0.6pp 10 of 26
Gross margin Profitability 34.1% 44.2% 19 of 26
Operating margin Profitability -2.8% -0.7% 15 of 26
Net margin Profitability -1.5% -1.5% 13 of 26
Free-cash-flow margin Cash generation -0.1% 9.6% 18 of 24
Stock pay as % of revenue Cash generation 2.5% 1.2% 17 of 23
Long-term debt as % of assets Balance sheet 11.6% 12.9% 9 of 18
Change in share count Balance sheet 26.2% 0.0% 16 of 19
Days sales outstanding Balance sheet 32 days 33 days 10 of 21

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Who owns it

Funds buying and selling
Reported value
$68.6M
Institutions reporting
148
Shares held vs prior quarter
▼ 1.5%
Positions opened / closed
25 / 13

Top buyers and sellers, Q2 2026: 81 institutions bought and 45 sold ; the biggest buyer was Essex Investment Management Co LLC (+2.6M shares) and the biggest seller Alyeska Investment Group, L.P (−5.7M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Engaged Capital LLC $15.5M 13.9M 22.5% 0.0%
Blackrock, Inc. $6.8M 6.2M 10.0% ▲ 6.7%
Cresset Asset Management, LLC $6.4M 5.8M 9.3% ▲ 12.1%
Alyeska Investment Group, L.P. $4.4M 3.9M 6.4% ▼ 59.2%
Vanguard Capital Management LLC $4.1M 3.7M 6.0% ▲ 24.5%
Qvidtvm Management LLC $3.3M 3.0M 4.8% ▼ 13.2%
Essex Investment Management Co LLC $2.9M 2.6M 4.2% New
Nantahala Capital Management, LLC $2.8M 2.5M 4.1% ▼ 4.4%
Geode Capital Management, LLC $2.3M 2.1M 3.4% ▼ 7.8%
State Street Corp $1.5M 1.4M 2.2% ▲ 15.1%
Goldman Sachs Group Inc $1.2M 1.1M 1.8% ▼ 2.5%
AQR Capital Management LLC $1.2M 1.1M 1.7% ▲ 27.2%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not BRC Inc.'s complete shareholder register. Values are as reported by the filers ; 1 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $531,500 6 trades by 3 insiders, last 12 months Insider sales History → $3.6M 9 trades by 2 insiders · 15% under pre-set plans
Net ▼ $3.1M net selling
Insider Date Trade Shares Price Value
Hafer Evan Founder October 28, 2026 Sell pre-set plan 12,000 $11.78 $141,343
Hafer Evan Founder October 27, 2026 Sell pre-set plan 12,000 $11.37 $136,483
Hafer Evan Founder October 20, 2026 Sell pre-set plan 5,572 $10.59 $59,003
Hafer Evan Founder October 16, 2026 Sell pre-set plan 2,724 $10.56 $28,765
Hafer Evan Founder October 15, 2026 Sell pre-set plan 15,304 $10.62 $162,528
Hafer Evan Founder October 14, 2026 Sell pre-set plan 200 $10.50 $2,100
Hafer Evan Founder October 13, 2026 Sell pre-set plan 200 $10.51 $2,102
Dickson Kathryn P Director August 19, 2026 Buy 50,000 $0.85 $42,500
Kadenacy Stephen M Director August 17, 2026 Sell 105,000 $0.82 $86,100
Amigh Matthew L Chief Financial Officer August 14, 2026 Buy 10,000 $0.85 $8,500
Hafer Evan Founder June 1, 2026 Sell 2,000,000 $1.49 $3M
Taslitz Steven Director March 5, 2026 Buy 150,000 $0.74 $111,000

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around February 1, 2027 estimated from the company's past filing pattern, not announced

  • November 2, 2026
  • August 3, 2026
  • May 4, 2026
  • November 3, 2025
  • August 4, 2025
  • May 5, 2025

Recent SEC filings

Data status

When each part of this page on BRC Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

BRC Inc. in brief

What does BRC Inc. do?
BRC Inc. is a US-listed company in the beverages industry. Its financial year ends in December.
What is BRC Inc.'s stock ticker?
BRC Inc. trades under the ticker BRCC on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is BRC Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, BRC Inc. reported revenue of $437M, 11.7% higher than a year earlier, according to its SEC filings.
What is BRC Inc.'s free cash flow?
BRC Inc.'s free-cash-flow margin is -0.1% of revenue over the trailing twelve months, ranking 18 of the 24 beverages companies we cover.
Who are BRC Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Engaged Capital LLC, Blackrock, Inc. and Cresset Asset Management, LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is BRC Inc.'s market cap?
On December 31, 2025, BRC Inc.'s market capitalisation was about $1.1B and net debt of $34.8M. Market figures come from third-party market data and may be delayed.
How much debt does BRC Inc. have?
BRC Inc.'s debt-to-equity ratio is 68.2%, from its latest balance sheet. The financial health section below sets out its other solvency checks.
Who are BRC Inc.'s competitors?
In our Beverages peer group, the companies closest to BRC Inc. are MGP Ingredients Inc, Sndl Inc., Vita Coco Company, Inc., Zevia PBC and National Beverage Corp. The side-by-side comparison below sets their revenue, margins and growth against BRC Inc.'s.
Are insiders buying or selling BRC Inc. stock?
Over the last 12 months, BRC Inc.'s directors and officers reported 6 open-market purchases and 9 sales on Form 4. The insider trading page charts every trade.
When is BRC Inc.'s next earnings date?
Around February 1, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — BRC Inc. announces its own schedule.