Black Rock Coffee Bar Stock Makes A Strong Debut On Nasdaq

Black Rock Coffee Bar Inc.’s (BRCB) shares made a strong debut on the Nasdaq on Friday, with the company’s shares listing at $26.5 apiece.

At the time of writing, Black Rock Coffee Bar’s shares were hovering at $25.5 or 28% higher compared to the issue price of $20.

The Scottsdale, Arizona-based drive-through-focused coffee chain raised $294.1 million through the initial public offering (IPO), with 14.7 million shares on offer.

Black Rock Coffee Bar’s market capitalization hovered around $420 million at the time of writing. The chain claims to be the largest fully company-owned coffee retailer in the country, with a presence across seven states, spanning from the Pacific Northwest to Texas, through 158 outlets.

BRCB noted in its filing with the U.S. Securities and Exchange Commission (SEC) that it expects to open nearly 30 stores in 2025, with a target to grow its store count annually at an average rate of 20%. This aligns with its average annual store growth rate since 2020. Over the next decade, the coffee chain aims to reach the 1,000-store mark.

According to BRCB’s filing with the SEC, the company reported a net loss of $1.1 million on revenue of $50.4 million in the three months ended June 30, 2025. During the same period a year ago, BRCB reported a net loss of $522,000 on revenue of $40.6 million. Same-store sales grew 10.9% year-on-year during this period.

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