BRC Inc.

Annual Trend FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Depreciation and amortization $933k $1.4m $2.9m $4.4m $7.3m $10.1m $12.2m
Amortization of debt issuance costs $314k $133k $358k $317k $549k $1.2m $1.1m
Loss on impairment of assets $0 $0 $6.1m $3.4m
Loss on extinguishment of debt $0 $726k $0 $0 $1.1m $0
Operating lease liability $0 $776k $891k $560k ($4.3m)
(Derecognition) Recognition of right-of-use operating lease assets $0 $20.1m $18.5m ($8.0m) ($1.9m)
Net loss $772k ($4.3m) $13.8m ($338.0m) ($56.7m) ($7.6m) ($32.2m)
Equity-based compensation $143k $1.9m $3.2m $6.1m $7.0m $10.6m $10.3m
Settlement of litigation by issuance of stock $0 $0 $2.4m
Loss on disposal of assets $70k $0 $4.8m $1.8m $721k
Other $2.2m $849k $311k $173k $83k
Accounts receivable, net ($243k) ($3.0m) ($3.8m) ($14.9m) ($2.8m) ($8.6m) ($1.5m)
Inventories, net $289k ($10.9m) ($4.8m) ($56.3m) ($8.2m) ($10.1m) ($12.0m)
Prepaid expenses and other assets ($692k) ($1.1m) ($5.3m) ($184k) $654k $900k $11.1m
Accounts payable $986k $7.0m $4.6m ($6.1m) $21.6m $6.8m ($3.8m)
Accrued liabilities $3.1m $6.4m $3.7m $16.0m ($1.8m) ($7.9m) $4.1m
Deferred revenue and gift card liability $593k $3.3m $2.7m $2.2m $1.5m ($7.1m) $115k
Other liabilities ($656k) $0 $334k $168k $22k $10.8m ($2.6m)
Proceeds from sale of property and equipment $107k $0 $0 $0 $5.7m $953k $5.1m
Financing lease obligations $0 $0 $3k ($173k) ($68k) $6k
Repayment of promissory note $0 $0 ($1.0m) ($1.0m) ($1.0m)
Issuance of stock from the Employee Stock Purchase Plan $0 $0 $673k $518k $297k
Proceeds received for settlement agreement $0 $0 $1.0m
Proceeds received for public offering, net of issuance costs $0 $0 $37.3m
Proceeds from exercise of stock options $0 $0 $13k $0
Recognition of revenue for inventory exchanged for prepaid advertising $0 $0 $28.9m $23.9m $5.0m
Property and equipment purchased but not yet paid $183k $140k $803k $2.3m $1.9m $304k $32k
Debt issuances costs accrued but not yet paid $0 $0 $378k $0
Net cash provided by (used in) operating activities $4.1m $11.5m ($7.7m) ($116.2m) ($25.0m) $11.3m ($9.8m)
Purchases of property, plant and equipment ($1.0m) ($9.8m) ($19.3m) ($30.4m) ($27.2m) ($8.7m) ($3.7m)
Net cash provided by (used in) investing activities ($1.1m) ($9.8m) ($19.3m) ($30.4m) ($21.5m) ($7.7m) $1.4m
Proceeds from issuance of long-term debt, net of discount $2.7m $16.4m $38.4m $51.3m $294.5m $353.2m $248.3m
Debt issuance costs paid ($338k) ($279k) ($4.3m) ($706k) ($225k)
Repayment of long-term debt ($4.7m) ($7.3m) ($20.1m) ($38.8m) ($268.2m) ($361.6m) ($279.7m)
Payments of debt extinguishment costs $0 $0 ($1.0m) $0
Net cash provided by (used in) financing activities ($2.2m) $28.8m $9.7m $167.2m $21.4m ($10.7m) $5.9m
Net decrease in cash, cash equivalents, and restricted cash $30.6m ($17.3m) $20.7m ($25.1m) ($7.1m) ($2.5m)
Cash and cash equivalents, beginning of period $35.6m $18.3m $39.0m $12.4m $4.3m
Restricted cash, beginning of period $0 $0 $1.5m $0 $0
Paid-in-kind interest $332k $1.0m $719k $0 $0 $2.5m $1.2m
Cash paid for interest $332k $1.0m $719k $1.3m $4.5m $9.0m $5.4m
Cash paid for income taxes $14k $114k $147k $277k $562k $425k $132k