Black Rock Coffee Bar Inc-A 2026年季度报告

FORM 10-Q (Mark One) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the quarterly period ended March31, 2026OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission file number 001-42844 Black Rock Coffee Bar, Inc. (Exact name of registrant as specified in its charter) 33-5053729 (State or other jurisdiction ofincorporation or organization)(I.R.S. Employer Identification No.) 9170 E. Bahia Drive, Suite 101, Scottsdale, AZ85260(Address of Principal Executive Offices)(Zip Code) (458) 256-9668(Registrant’s telephone number, including area code) N/A(Former name, former address and former fiscal year, if changed since last report) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of theSecurities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant wasrequired to file such reports), and (2) has been subject to such filing requirements for the past 90 days. YesNo Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to besubmitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for suchshorter period that the registrant was required to submit such files). YesNo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, asmaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “acceleratedfiler,” “smaller reporting company,” and "emerging growth company" in Rule 12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transitionperiod for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of theExchange Act. Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). YesNo As of May 11, 2026, the number of outstanding shares of each class of the registrant's common stock was as follows: Class A common stock 21,572,893Class B common stock 10,377,136Class C common stock 18,105,778 TABLE OF CONTENTS Part I - Financial Information1Item 1. Financial Statements1Unaudited Condensed Consolidated Balance Sheets1Unaudited Condensed Consolidated Statements of Operations2Unaudited Condensed Consolidated Statements of Changes in Temporary Equity, Members’ Deficit andShareholders' Equity3Unaudited Condensed Consolidated Statements of Cash Flows5Notes to the Unaudited Condensed Consolidated Financial Statements6Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations19Item 3. Quantitative and Qualitative Disclosures About Market Risk31Item 4. Controls and Procedures31Part II - Other Information32Item 1. Legal Proceedings32Item 1A. Risk Factors32Item 2. Unregistered Sales of Equity Securities and Use of Proceeds32Item 3. Defaults Upon Senior Securities32Item 4. Mine Safety Disclosures32Item 5. Other Information32Item 6. Exhibits33Signatures35 FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q ("Form 10-Q") contains forward-looking statements within the meaning of the PrivateSecurities Litigation Reform Act of 1995. All statements other than statements of historical facts contained in this QuarterlyReport on Form 10-Q, including statements regarding our strategy, future financial condition, future operations, projectedcosts, prospects, plans, objectives of management, expected market conditions and growth, expected capital resourcesand expenditures, and liquidity, are forward-looking statements. We caution you that the foregoing list does not contain allof the forward-looking statements made in this Quarterly Report on Form 10-Q. In some cases, you can identify forward-looking statements because they contain words such as “may,” “will,” “shall,” “should,” “expects,” “plans,” “anticipates,”“could,” “intends,” “target,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential,” “goal,” “objective,”“seeks,” or “continue,” or the negative of these words or other similar terms or expressions that concern our expectations,strategy, plans, or intentions. These forward-looking statements are subject to a number of risks, uncertainties, andassumptions. Important factors beyond our control could cause our actual results, financial condition, performance orachievements to be materially different from the expected results, performance or achievements expressed or implied bysuch forward-looking statements. Such factors include, but are not limited to, the following: •our inability to successfully identify and secure appropriate sites