BOSTON BEER CO INCSAMEarnings & Financial Report
The Boston Beer Company is an American brewery founded in 1984 by James "Jim" Koch and Rhonda Kallman. Boston Beer Company's first brand of beer was named Samuel Adams after Founding Father Samuel Adams, an American revolutionary patriot. Since its founding, Boston Beer has started several other brands, and in 2019 completed a merger with Dogfish Head Brewery.
Revenue
$579.1M
Gross Profit
$266.5M
Operating Profit
$70.8M
Net Profit
$52.3M
Gross Margin
46.0%
Operating Margin
12.2%
Net Margin
9.0%
YoY Growth
41.2%
EPS
$4.39
BOSTON BEER CO INC Q2 FY2024 Financial Summary
BOSTON BEER CO INC reported revenue of $579.1M (up 41.2% YoY) for Q2 FY2024, with a net profit of $52.3M (up 684.4% YoY) (9.0% margin). Cost of goods sold was $312.6M, operating expenses totaled $195.6M.
Key Financial Metrics
| Total Revenue | $579.1M |
|---|---|
| Net Profit | $52.3M |
| Gross Margin | 46.0% |
| Operating Margin | 12.2% |
| Report Period | Q2 FY2024 |
BOSTON BEER CO INC Annual Revenue by Year
BOSTON BEER CO INC annual revenue history includes year-by-year totals (for example, 2025 revenue was $2.0B).
| Year | Annual Revenue |
|---|---|
| 2025 | $2.0B |
| 2024 | $2.0B |
| 2022 | $2.1B |
BOSTON BEER CO INC Quarterly Revenue & Net Profit History
BOSTON BEER CO INC results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $461.6M | -4.1% | N/A | N/A |
| Q4 FY2025 | $385.7M | -4.1% | $-22.5M | -5.8% |
| Q3 FY2025 | $537.5M | -11.2% | $46.2M | 8.6% |
| Q2 FY2025 | $587.9M | +1.5% | $60.4M | 10.3% |
| Q1 FY2025 | $453.9M | +6.5% | $24.4M | 5.4% |
| Q4 FY2024 | $402.3M | — | $-38.8M | -9.6% |
| Q3 FY2024 | $605.5M | +0.6% | $33.5M | 5.5% |
| Q2 FY2024 | $579.1M | +41.2% | $52.3M | 9.0% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $579.1M | $605.5M | $402.3M | $453.9M | $587.9M | $537.5M | $385.7M | $461.6M |
| YoY Growth | 41.2% | 0.6% | N/A | 6.5% | 1.5% | -11.2% | -4.1% | -4.1% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $1.44B | $1.38B | $1.25B | $1.24B | $1.27B | $1.25B | $1.19B | $1.17B |
| Liabilities | $394.9M | $367.8M | $333.8M | $343.2M | $355.9M | $335.6M | $347.3M | $488.5M |
| Equity | $1.04B | $1.01B | $916.2M | $897.0M | $912.3M | $911.0M | $846.3M | $682.6M |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|
| Operating CF | $96.0M | $115.9M | $41.9M | $1.9M | $126.5M | $101.8M | $39.9M |