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Side-by-side financial comparison of BRC Inc. (BRCC) and FIRSTSUN CAPITAL BANCORP (FSUN). Click either name above to swap in a different company.
BRC Inc. is the larger business by last-quarter revenue ($112.7M vs $110.0M, roughly 1.0× FIRSTSUN CAPITAL BANCORP). FIRSTSUN CAPITAL BANCORP runs the higher net margin — 19.6% vs -2.8%, a 22.5% gap on every dollar of revenue. Over the past eight quarters, BRC Inc.'s revenue compounded faster (7.0% CAGR vs 6.9%).
BRC Inc., operating under the Black Rifle Coffee brand, is a U.S.-headquartered premium coffee and lifestyle brand. It sells roasted coffee beans, ready-to-drink coffee products, branded apparel, and outdoor gear, targeting primarily veteran, first responder, and outdoor enthusiast consumer segments across North America, via both e-commerce and physical retail channels.
FirstSun Capital Bancorp is a U.S.-headquartered financial holding company that offers a comprehensive range of banking and financial services, including commercial and consumer lending, deposit products, wealth management, and treasury solutions. It mainly serves individual customers, small and medium-sized enterprises, and corporate clients across U.S. regional markets.
BRCC vs FSUN — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $112.7M | $110.0M |
| Net Profit | $-3.2M | $21.6M |
| Gross Margin | 32.1% | — |
| Operating Margin | -6.3% | — |
| Net Margin | -2.8% | 19.6% |
| Revenue YoY | 6.5% | — |
| Net Profit YoY | -29.3% | -8.4% |
| EPS (diluted) | $-0.02 | $0.76 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $110.0M | ||
| Q4 25 | $112.7M | $110.2M | ||
| Q3 25 | $100.7M | $107.3M | ||
| Q2 25 | $94.8M | $105.6M | ||
| Q1 25 | $90.0M | $96.2M | ||
| Q4 24 | $105.9M | $98.7M | ||
| Q3 24 | $98.2M | $98.2M | ||
| Q2 24 | $89.0M | $96.2M |
| Q1 26 | — | $21.6M | ||
| Q4 25 | $-3.2M | $24.8M | ||
| Q3 25 | $-486.0K | $23.2M | ||
| Q2 25 | $-5.3M | $26.4M | ||
| Q1 25 | $-2.9M | $23.6M | ||
| Q4 24 | $-2.5M | $16.4M | ||
| Q3 24 | $-535.0K | $22.4M | ||
| Q2 24 | $-482.0K | $24.6M |
| Q1 26 | — | — | ||
| Q4 25 | 32.1% | — | ||
| Q3 25 | 36.9% | — | ||
| Q2 25 | 33.9% | — | ||
| Q1 25 | 36.1% | — | ||
| Q4 24 | 38.1% | — | ||
| Q3 24 | 42.1% | — | ||
| Q2 24 | 41.9% | — |
| Q1 26 | — | — | ||
| Q4 25 | -6.3% | 29.0% | ||
| Q3 25 | 0.5% | 26.4% | ||
| Q2 25 | -13.3% | 31.2% | ||
| Q1 25 | -6.0% | 30.9% | ||
| Q4 24 | -2.1% | 20.4% | ||
| Q3 24 | 1.1% | 29.1% | ||
| Q2 24 | 1.1% | 32.3% |
| Q1 26 | — | 19.6% | ||
| Q4 25 | -2.8% | 22.5% | ||
| Q3 25 | -0.5% | 21.6% | ||
| Q2 25 | -5.6% | 25.0% | ||
| Q1 25 | -3.2% | 24.5% | ||
| Q4 24 | -2.3% | 16.6% | ||
| Q3 24 | -0.5% | 22.8% | ||
| Q2 24 | -0.5% | 25.5% |
| Q1 26 | — | $0.76 | ||
| Q4 25 | $-0.02 | $0.89 | ||
| Q3 25 | $0.00 | $0.82 | ||
| Q2 25 | $-0.07 | $0.93 | ||
| Q1 25 | $-0.04 | $0.83 | ||
| Q4 24 | $-0.03 | $0.57 | ||
| Q3 24 | $-0.01 | $0.79 | ||
| Q2 24 | $-0.01 | $0.88 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $4.3M | $413.7M |
| Total DebtLower is stronger | $34.7M | — |
| Stockholders' EquityBook value | $45.7M | $1.2B |
| Total Assets | $209.2M | $8.6B |
| Debt / EquityLower = less leverage | 0.76× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $413.7M | ||
| Q4 25 | $4.3M | $652.6M | ||
| Q3 25 | $9.5M | $659.9M | ||
| Q2 25 | $4.3M | $785.1M | ||
| Q1 25 | $3.9M | $621.4M | ||
| Q4 24 | $6.8M | $615.9M | ||
| Q3 24 | $7.3M | $573.7M | ||
| Q2 24 | $9.6M | $535.8M |
| Q1 26 | — | — | ||
| Q4 25 | $34.7M | — | ||
| Q3 25 | $35.0M | — | ||
| Q2 25 | $72.7M | — | ||
| Q1 25 | $68.8M | — | ||
| Q4 24 | $65.1M | — | ||
| Q3 24 | $64.9M | — | ||
| Q2 24 | $66.5M | — |
| Q1 26 | — | $1.2B | ||
| Q4 25 | $45.7M | $1.2B | ||
| Q3 25 | $48.0M | $1.1B | ||
| Q2 25 | $10.1M | $1.1B | ||
| Q1 25 | $11.2M | $1.1B | ||
| Q4 24 | $13.2M | $1.0B | ||
| Q3 24 | $14.5M | $1.0B | ||
| Q2 24 | $14.9M | $996.6M |
| Q1 26 | — | $8.6B | ||
| Q4 25 | $209.2M | $8.5B | ||
| Q3 25 | $222.4M | $8.5B | ||
| Q2 25 | $225.3M | $8.4B | ||
| Q1 25 | $222.9M | $8.2B | ||
| Q4 24 | $227.4M | $8.1B | ||
| Q3 24 | $233.7M | $8.1B | ||
| Q2 24 | $229.9M | $8.0B |
| Q1 26 | — | — | ||
| Q4 25 | 0.76× | — | ||
| Q3 25 | 0.73× | — | ||
| Q2 25 | 7.19× | — | ||
| Q1 25 | 6.15× | — | ||
| Q4 24 | 4.94× | — | ||
| Q3 24 | 4.47× | — | ||
| Q2 24 | 4.46× | — |
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 | $-8.7M | — |
| Free Cash FlowOCF − Capex | $-9.4M | — |
| FCF MarginFCF / Revenue | -8.3% | — |
| Capex IntensityCapex / Revenue | 0.6% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-13.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-8.7M | $111.5M | ||
| Q3 25 | $6.4M | $49.4M | ||
| Q2 25 | $-3.3M | $15.0M | ||
| Q1 25 | $-4.1M | $26.4M | ||
| Q4 24 | $2.2M | $101.1M | ||
| Q3 24 | $1.9M | $48.1M | ||
| Q2 24 | $2.3M | $20.9M |
| Q1 26 | — | — | ||
| Q4 25 | $-9.4M | $104.0M | ||
| Q3 25 | $5.6M | $47.6M | ||
| Q2 25 | $-4.3M | $13.0M | ||
| Q1 25 | $-5.3M | $24.3M | ||
| Q4 24 | $504.0K | $95.7M | ||
| Q3 24 | $-205.0K | $47.1M | ||
| Q2 24 | $147.0K | $19.9M |
| Q1 26 | — | — | ||
| Q4 25 | -8.3% | 94.3% | ||
| Q3 25 | 5.5% | 44.4% | ||
| Q2 25 | -4.5% | 12.3% | ||
| Q1 25 | -5.9% | 25.3% | ||
| Q4 24 | 0.5% | 97.0% | ||
| Q3 24 | -0.2% | 47.9% | ||
| Q2 24 | 0.2% | 20.6% |
| Q1 26 | — | — | ||
| Q4 25 | 0.6% | 6.8% | ||
| Q3 25 | 0.8% | 1.6% | ||
| Q2 25 | 1.0% | 1.9% | ||
| Q1 25 | 1.3% | 2.1% | ||
| Q4 24 | 1.6% | 5.5% | ||
| Q3 24 | 2.2% | 1.1% | ||
| Q2 24 | 2.4% | 1.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.49× | ||
| Q3 25 | — | 2.13× | ||
| Q2 25 | — | 0.57× | ||
| Q1 25 | — | 1.12× | ||
| Q4 24 | — | 6.18× | ||
| Q3 24 | — | 2.15× | ||
| Q2 24 | — | 0.85× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BRCC
| Sales Channel Through Intermediary | $72.9M | 65% |
| Sales Channel Directly To Consumer | $34.4M | 31% |
| Outpost | $5.4M | 5% |
FSUN
| Net Interest Income | $82.8M | 75% |
| Noninterest Income | $27.2M | 25% |
