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Side-by-side financial comparison of Black Rock Coffee Bar, Inc. (BRCB) and NaaS Technology Inc. (NAAS). Click either name above to swap in a different company.
Black Rock Coffee Bar, Inc. is the larger business by last-quarter revenue ($51.5M vs $25.9M, roughly 2.0× NaaS Technology Inc.). Black Rock Coffee Bar, Inc. runs the higher net margin — -1.4% vs -193.3%, a 191.9% gap on every dollar of revenue.
Black Rock Coffee Bar, Inc. is a U.S.-based specialty coffee retail chain that offers handcrafted premium coffee beverages, energy drinks, baked goods, and light snacks. It operates in-store and drive-thru locations primarily across western U.S. states, prioritizing high-quality customizable products and community-focused consumer experiences.
NaaS Technology Inc. is a leading electric vehicle energy service provider based in China. It delivers one-stop solutions covering charging network operation, software and hardware support for charging station operators, and value-added services such as charging location search and payment for EV owners, serving both enterprise and individual customers across domestic and select overseas markets.
BRCB vs NAAS — Head-to-Head
Income Statement — Q3 FY2025 vs Q2 FY2024
| Metric | | |
|---|---|---|
| Revenue | $51.5M | $25.9M |
| Net Profit | $-712.0K | $-50.0M |
| Gross Margin | — | 29.2% |
| Operating Margin | -12.4% | -144.2% |
| Net Margin | -1.4% | -193.3% |
| Revenue YoY | — | 121.2% |
| Net Profit YoY | — | 18.4% |
| EPS (diluted) | $-0.05 | $-0.02 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $32.6M | $24.7M |
| Total DebtLower is stronger | $20.0M | — |
| Stockholders' EquityBook value | $43.0M | $-33.4M |
| Total Assets | $323.2M | $180.2M |
| Debt / EquityLower = less leverage | 0.46× | — |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | $32.6M | — | ||
| Q2 24 | — | $24.7M |
| Q3 25 | $20.0M | — | ||
| Q2 24 | — | — |
| Q3 25 | $43.0M | — | ||
| Q2 24 | — | $-33.4M |
| Q3 25 | $323.2M | — | ||
| Q2 24 | — | $180.2M |
| Q3 25 | 0.46× | — | ||
| Q2 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-2.9M | $-25.7M |
| Free Cash FlowOCF − Capex | $-25.8M | — |
| FCF MarginFCF / Revenue | -50.2% | — |
| Capex IntensityCapex / Revenue | 44.5% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | $-2.9M | — | ||
| Q2 24 | — | $-25.7M |
| Q3 25 | $-25.8M | — | ||
| Q2 24 | — | — |
| Q3 25 | -50.2% | — | ||
| Q2 24 | — | — |
| Q3 25 | 44.5% | — | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
