Key Highlights

  • BRCC reported third quarter 2026 net Revenue of $108.0 million, up 7.3% from $100.7 million.
  • Net loss was $8.7 million, versus $1.2 million a year earlier, or $0.28 per Class A share.
  • Wholesale revenue grew 8% to $72.5 million, and DTC revenue grew 8% to $30.2 million.
  • Gross Margin rose to 37.1% from 36.9%, helped by about $3.5 million of Tariff refunds.
  • BRCC agreed to sell its Manchester plant for $17.0 million and plans to close 12 Outposts by the end of the first quarter of 2027.

Wholesale and Online Marketplaces Push Third Quarter Revenue to $108.0 Million

BRC (NYSE:BRCC) reported net revenue of $108.0 million for the third quarter ended Sep 30, 2026, up 7.3% from $100.7 million a year earlier, in a quarterly filing dated Nov 2, 2026. BRC is the parent of Black Rifle Coffee Company, a veteran-founded coffee and energy drink Brand that sells through wholesale, direct-to-consumer and company-operated Outpost channels.

Wholesale revenue rose 8% to $72.5 million on expanded packaged coffee distribution, entry into the dollar channel, grocery gains and pricing, partly offset by trade Investment and weaker ready-to-drink sales. DTC revenue rose 8% to $30.2 million on third-party digital marketplaces. Outpost revenue fell 8% to $5.4 million.

Project Core Impairments and Lease Fees Turn Operating Income into a Loss

Gross profit increased to $40.1 million from $37.1 million, and gross margin edged up to 37.1% from 36.9%. The company cited about $3.5 million of tariff refunds, pricing that offset green coffee Inflation and productivity gains, partly offset by trade investment and marketplace fees.

Other Operating Expense jumped to $9.3 million from $0.6 million because of Outpost impairments and a legal contingency accrual, partly offset by lease modification gains. Marketing expense rose 18% to $10.3 million, while general and administrative expense fell 3% to $12.6 million. The company recorded an operating loss of $7.5 million versus operating income of $0.5 million.

Net loss widened to $8.7 million from $1.2 million, with $3.3 million, or $0.28 per share, attributable to Class A stockholders. Interest expense fell 34% to $1.1 million on lower ABL Facility borrowings.

Nine-Month Loss Narrows as Cash Flow Turns Positive and the Manchester Plant Is Sold

For the first nine months of 2026, revenue grew 14% to $324.3 million and the net loss narrowed to $8.8 million from $23.6 million. Operating Cash Flow was $10.4 million, compared with use of $1.1 million a year ago. Wholesale revenue rose 18% to $217.8 million for the period.

Under Project Core, a multi-year plan to strengthen the core coffee Business and reduce Capital intensity, BRC will close 12 Outposts by the end of the first quarter of 2027 and shortened leases at eight locations. Third quarter costs related to the plan were $12.0 million. On Oct 29, 2026, BRC signed an agreement to sell its Manchester plant to a Manufacturing partner for $17.0 million, made up of $10.0 million in cash and a $7.0 million note, with $8.6 million of proceeds going to repay the term loan.

Cash was about $9.2 million at quarter end, with $49.9 million of available borrowings. A 1-for-10 Reverse Stock Split took effect on Aug 21, 2026, and per-share figures are adjusted for it.

Outpost Closures and Plant Sale Close Out the Year as Next Checkpoints

BRC grew revenue and margin in the third quarter, but one-time Project Core charges produced a wider loss. The Manchester sale, the 12 Outpost closures due by the end of the first quarter of 2027 and the unquantified remaining Project Core costs are the items to follow.