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Net Income (Loss) Per Share | 6 Months Ended
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Jun. 30, 2025
Earnings Per Share [Abstract] |
Net Income (Loss) Per Share | Net Income (Loss) Per Share Basic net income (loss) per share is calculated by dividing net income (loss) attributable to BRC Inc. by the weighted-average shares of Class A Common Stock outstanding without consideration for potential dilutive securities. Diluted net income (loss) per share represents basic net income (loss) per share adjusted to include the potentially dilutive effect of outstanding unvested share awards, warrants, Common Units and Restricted Common Units that are exchangeable into shares of Class A Common Stock. Diluted net income (loss) per share is computed by dividing the net income (loss) attributable to BRC Inc. by the weighted-average number of shares of Class A Common Stock outstanding for the period determined using the treasury stock method and if-converted method, as applicable. Shares of Class B Common Stock do not participate in the earnings or losses of the Company and are therefore not participating securities. As such, separate presentation of basic and diluted loss per share of Class B Common Stock under the two-class method has not been presented. The following table sets forth the computation of basic and diluted net income (loss) per share (in thousands, except unit/share and per unit/share amounts, unaudited):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Numerator: |  |  |  |  |  |  |
Net income (loss) | $ | (14,512) |  |  | $ | (1,374) |  |  | $ | (22,357) |  |  | $ | 482 |
Less: Net income (loss) attributable to non-controlling interest | (9,183) |  |  | (892) |  |  | (14,141) |  |  | 415 |
Net income (loss) attributable to BRC Inc. | $ | (5,329) |  |  | $ | (482) |  |  | $ | (8,216) |  |  | $ | 67 |
Denominator: |  |  |  |  |  |  |
Weighted-average shares of Class A Common Stock outstanding - Basic | 79,146,003 |  |  | 68,209,081 |  |  | 78,780,708 |  |  | 67,260,724 |
Weighted-average effect of dilutive securities: |  |  |  |  |  |  |
Options | — |  |  | — |  |  | — |  |  | 16,411 |
RSUs | — |  |  | — |  |  | — |  |  | 489,278 |
Incentive Units (Share Equivalents) | — |  |  | — |  |  | — |  |  | 564,971 |
ESPP | — |  |  | — |  |  | — |  |  | 1,876 |
Weighted-average shares of Class A Common Stock outstanding - Diluted | 79,146,003 |  |  | 68,209,081 |  |  | 78,780,708 |  |  | 68,333,260 |
Net income (loss) per share attributable to Class A Common Stock, basic and diluted | $ | (0.07) |  |  | $ | (0.01) |  |  | $ | (0.10) |  |  | $ | — |
The Company excluded the following potentially dilutive securities, presented based on amounts outstanding at each period end, from the computation of diluted net income (loss) per share attributable to Class A Common Stock because including them would have had an antidilutive effect:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Stock options | 7,995,668 |  |  | 5,407,036 |  |  | 7,995,668 |  |  | 5,207,383 |
Common Units | 134,426,861 |  |  | 142,568,263 |  |  | 134,426,861 |  |  | 142,568,263 |
RSUs | 4,459,117 |  |  | 2,407,540 |  |  | 4,459,117 |  |  | 271,124 |
PSUs | 8,462,412 |  |  | 8,462,412 |  |  | 8,462,412 |  |  | 8,462,412 |
Incentive Units (Share Equivalents) | 1,221,857 |  |  | 1,187,537 |  |  | 1,221,857 |  |  | 1,187,537 |
ESPP | 79,468 |  |  | 72,716 |  |  | 79,468 |  |  | — |
Total units excluded from computation of diluted net income (loss) per share | 156,645,383 |  |  | 160,105,504 |  |  | 156,645,383 |  |  | 157,696,719 |

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