Forensic Analysis · Consumer Staples / Food & Beverage · as of Aug 24, 2026

Brc Inc. (BRCC)

A forensic read on Brc Inc. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.

F · Poor — capital at risk

Forensic grade

Distress

Financial health

-1.8

Distress distance

Clean

Earnings quality

Forensic signals

-27.9

P / E (ttm)

-26.1%

ROE

$2.3B

Market cap

0.00%

Dividend yield

1.7%

Revenue growth

The financial-health reading above compares this company's equity at BOOK value, not at what the market currently pays for it — this free snapshot doesn't pull live market data. Treat it as a rough read, not the final word.

This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (red flags, auditor quality, say on pay, board independence). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.

Brc Inc. earns an F (Poor — capital at risk) forensic quality grade, and its balance-sheet distress test reads -1.8, placing it in the Distress zone (based on book value, not market value, since this free snapshot doesn't pull live market data — treat this zone as a rough read, not the final word). 5 forensic signals were flagged in its latest SEC filings, led by return on invested capital.

What the filings flag

-14.8%

FY2025

Return on invested capital. Return on invested capital is -14.8% in the latest fiscal year and rising from -42% — well below its ~8% cost of capital, and it has been across FY2021–FY2025, so reinvested dollars have not been earning their keep.

+22.9%/yr

FY2022–FY2025

Share-count dilution. Diluted share count changed +86% over the last 3 years to FY2025 (+22.9%/yr). The count is growing: more stock was issued than repurchased over this window, so aggregate results grew faster than their per-share equivalents. That's ~22.9% shaved off per-share growth every year — total profit has to grow that much just to keep earnings-per-share flat, and a stake held since FY2022 has been diluted ~46%.

3% of rev

FY2025

Stock-based comp load. Stock-based compensation ran 3% of revenue in FY2025 — about $0.11 per diluted share. No cash left the business to pay it, which is why operating cash flow adds it back. Net of repurchases the diluted count still rose about 23.2% a year and that rate is not falling, so total profit has to grow by that much annually before any of it reaches a share. Stock compensation is one source of that issuance; acquisition consideration, equity raises, convertibles and other employee plans also net into the count, and these figures do not separate them.

stopped

FY2022→FY2024

Shareholder returns — halted. Capital returns have STOPPED — $20M of buybacks + dividends in FY2022, but ~$0 in FY2024. A halt usually means the company is conserving cash.

31d DSO

Key fundamentals

Latest Revenue$398.3M

Revenue Growth YoY+1.7%

Revenue CAGR (3yr)+9.7%

Net Margin-3.0%

Free Cash Flow-$13.5M

Return on Equity-26.1%

Debt / Equity0.76x

The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from Brc Inc.'s actual 10-K/10-Q/8-K filings?

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Data from SEC EDGAR public filings · metrics as of Aug 24, 2026. Forensic signals flag probability, not certainty.