Flagship explainer

How BRC Inc. makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$398M · 100%Cost of revenue$260M · 65%Gross profit$138M · 35%Operating income−$24.6M · −6%Income before tax−$32.1M · −8%Income tax$132000 · 0%Net income−$11.9M · −3%As of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$398M100%
Cost of revenue$260M65%
$138M35%
−$24.6M−6%
Income before tax−$32.1M−8%
Income tax$1320000%
−$11.9M−3%
Source: · event Dec 31, 2025 · retrieved Jul 26, 2026 · annual-row source set
Embed this chart

View the full BRC Inc. analysis at Buy Like Buffett