| Annual · values | 2025 | 2024 | 2023 |
|---|---|---|---|
| Operating Cash Flow | 2.19 M USD | 13.30 M USD | 5.17 M USD |
| Depreciation & Amortization | 12.20 M USD | 10.36 M USD | 8.52 M USD |
| Stock-Based Compensation | 2.08 M USD | 0 USD | 0 USD |
| Capital Expenditures | 34.88 M USD | 22.18 M USD | 16.16 M USD |
| Cash Flow from Investing | -35.31 M USD | -22.92 M USD | -15.45 M USD |
| Cash Flow from Financing | 51.30 M USD | 2.64 M USD | 21.56 M USD |
| Dividends Paid | — | — | — |
| Stock Buybacks | — | — | — |
| Free Cash Flow | -32.70 M USD | -8.87 M USD | -10.99 M USD |
Black Rock Coffee Bar, Inc. is a rapidly expanding operator of drive-thru coffee bars, primarily focused on serving premium roasted coffees, teas, smoothies, and proprietary energy drinks. Founded in 2008 and headquartered in Scottsdale, Arizona, the company has grown from a single compact drive-thru location to a recognized national brand with 158 stores across seven U.S. states as of June 2025. Distinguished by a guest-centric approach, Black Rock Coffee Bar emphasizes community connection and exceptional in-store experiences crafted by engaging baristas. It operates exclusively through company-owned locations, making it the largest fully company-owned coffee retailer in the U.S. Its business model targets high growth, with consistent same-store sales increases and a robust digital presence—including a loyalty program that has garnered over 1.8 million members, accounting for a majority of transaction volume. Black Rock Coffee Bar plays a significant role in the non-alcoholic beverages and consumer staples sector, appealing to evolving consumer trends for convenience, quality, and community-oriented service in the highly competitive coffee industry.