Drive-thru coffee chain Black Rock Coffee Bar has reported strong revenue performance, its first as a public company, despite a significant third quarter loss.
The United States (US) company, which operates more than 170 locations across seven states, highlighted “exceptional” third quarter results, with a total revenue of US$51.5 million – a 24.2 per cent increase compared to the same period last year, but also reported a net loss of US$16.2 million, compared to US$0.7 million the year prior.
Black Rock Coffee Bar also saw a 10.8 per cent increase in same store sales and the opening of 11 new stores in the quarter.
The company noted that for the full year 2025 it expects 30 new store openings, with total revenue in the range of US$199 million to US$200 million, and capital expenditures in the range of US$30 million to US$32 million.
“Our community-focused operating model is yielding strong results across the markets we operate in today, with our newest cohort exceeding sales expectations and store-level profit goals, while delivering healthy cash-on-cash returns, and outperforming the system on employee retention and guest satisfaction,” says the company in a statement.
The company closed its initial public offering (IPO) on 15 September 2025, with net proceeds from the IPO aggregating to approximately US$306.5 million.
“As we embark on our journey as a newly public company, our strong and consistent execution against our strategic initiatives – driving a people first culture, delivering a differentiated guest experience and executing our disciplined expansion strategy – gives us confidence in our long-term growth trajectory and ability to drive value for our shareholders,” the company says.
