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Side-by-side financial comparison of BRC Inc. (BRCC) and PUMA BIOTECHNOLOGY, INC. (PBYI). Click either name above to swap in a different company.
BRC Inc. is the larger business by last-quarter revenue ($112.7M vs $75.5M, roughly 1.5× PUMA BIOTECHNOLOGY, INC.). On growth, PUMA BIOTECHNOLOGY, INC. posted the faster year-over-year revenue change (27.7% vs 6.5%). PUMA BIOTECHNOLOGY, INC. produced more free cash flow last quarter ($14.4M vs $-9.4M). Over the past eight quarters, PUMA BIOTECHNOLOGY, INC.'s revenue compounded faster (31.3% CAGR vs 7.0%).
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.
Puma Biotechnology is a publicly traded biopharmaceutical company headquartered in Los Angeles, CA.
BRCC vs PBYI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $112.7M | $75.5M |
| Net Profit | $-3.2M | — |
| Gross Margin | 32.1% | 69.3% |
| Operating Margin | -6.3% | 22.7% |
| Net Margin | -2.8% | — |
| Revenue YoY | 6.5% | 27.7% |
| Net Profit YoY | -29.3% | — |
| EPS (diluted) | $-0.02 | $0.26 |
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.
| Q4 25 | $112.7M | $75.5M | ||
| Q3 25 | $100.7M | $54.5M | ||
| Q2 25 | $94.8M | $52.4M | ||
| Q1 25 | $90.0M | $46.0M | ||
| Q4 24 | $105.9M | $59.1M | ||
| Q3 24 | $98.2M | $80.5M | ||
| Q2 24 | $89.0M | $47.1M | ||
| Q1 24 | $98.4M | $43.8M |
| Q4 25 | $-3.2M | — | ||
| Q3 25 | $-486.0K | $8.8M | ||
| Q2 25 | $-5.3M | $5.9M | ||
| Q1 25 | $-2.9M | $3.0M | ||
| Q4 24 | $-2.5M | — | ||
| Q3 24 | $-535.0K | $20.3M | ||
| Q2 24 | $-482.0K | $-4.5M | ||
| Q1 24 | $548.0K | $-4.8M |
| Q4 25 | 32.1% | 69.3% | ||
| Q3 25 | 36.9% | 77.7% | ||
| Q2 25 | 33.9% | 76.5% | ||
| Q1 25 | 36.1% | 77.1% | ||
| Q4 24 | 38.1% | 76.4% | ||
| Q3 24 | 42.1% | 63.9% | ||
| Q2 24 | 41.9% | 77.4% | ||
| Q1 24 | 42.9% | 75.5% |
| Q4 25 | -6.3% | 22.7% | ||
| Q3 25 | 0.5% | 17.6% | ||
| Q2 25 | -13.3% | 12.7% | ||
| Q1 25 | -6.0% | 8.7% | ||
| Q4 24 | -2.1% | 22.6% | ||
| Q3 24 | 1.1% | 27.4% | ||
| Q2 24 | 1.1% | -4.6% | ||
| Q1 24 | 4.0% | -5.3% |
| Q4 25 | -2.8% | — | ||
| Q3 25 | -0.5% | 16.2% | ||
| Q2 25 | -5.6% | 11.2% | ||
| Q1 25 | -3.2% | 6.5% | ||
| Q4 24 | -2.3% | — | ||
| Q3 24 | -0.5% | 25.2% | ||
| Q2 24 | -0.5% | -9.6% | ||
| Q1 24 | 0.6% | -11.0% |
| Q4 25 | $-0.02 | $0.26 | ||
| Q3 25 | $0.00 | $0.17 | ||
| Q2 25 | $-0.07 | $0.12 | ||
| Q1 25 | $-0.04 | $0.06 | ||
| Q4 24 | $-0.03 | $0.40 | ||
| Q3 24 | $-0.01 | $0.41 | ||
| Q2 24 | $-0.01 | $-0.09 | ||
| Q1 24 | $0.01 | $-0.10 |
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 | $97.5M |
| Total DebtLower is stronger | $34.7M | $22.7M |
| Stockholders' EquityBook value | $45.7M | $130.3M |
| Total Assets | $209.2M | $216.3M |
| Debt / EquityLower = less leverage | 0.76× | 0.17× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.3M | $97.5M | ||
| Q3 25 | $9.5M | $94.4M | ||
| Q2 25 | $4.3M | $96.0M | ||
| Q1 25 | $3.9M | $93.2M | ||
| Q4 24 | $6.8M | $101.0M | ||
| Q3 24 | $7.3M | $96.7M | ||
| Q2 24 | $9.6M | $96.8M | ||
| Q1 24 | $4.0M | $107.2M |
| Q4 25 | $34.7M | $22.7M | ||
| Q3 25 | $35.0M | $34.0M | ||
| Q2 25 | $72.7M | $45.3M | ||
| Q1 25 | $68.8M | $56.7M | ||
| Q4 24 | $65.1M | $68.0M | ||
| Q3 24 | $64.9M | $79.3M | ||
| Q2 24 | $66.5M | $90.7M | ||
| Q1 24 | $61.5M | $102.0M |
| Q4 25 | $45.7M | $130.3M | ||
| Q3 25 | $48.0M | $115.3M | ||
| Q2 25 | $10.1M | $104.7M | ||
| Q1 25 | $11.2M | $97.1M | ||
| Q4 24 | $13.2M | $92.1M | ||
| Q3 24 | $14.5M | $71.1M | ||
| Q2 24 | $14.9M | $48.5M | ||
| Q1 24 | $14.6M | $51.0M |
| Q4 25 | $209.2M | $216.3M | ||
| Q3 25 | $222.4M | $202.9M | ||
| Q2 25 | $225.3M | $194.9M | ||
| Q1 25 | $222.9M | $196.2M | ||
| Q4 24 | $227.4M | $213.3M | ||
| Q3 24 | $233.7M | $220.7M | ||
| Q2 24 | $229.9M | $205.0M | ||
| Q1 24 | $227.2M | $214.1M |
| Q4 25 | 0.76× | 0.17× | ||
| Q3 25 | 0.73× | 0.30× | ||
| Q2 25 | 7.19× | 0.43× | ||
| Q1 25 | 6.15× | 0.58× | ||
| Q4 24 | 4.94× | 0.74× | ||
| Q3 24 | 4.47× | 1.12× | ||
| Q2 24 | 4.46× | 1.87× | ||
| Q1 24 | 4.21× | 2.00× |
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 | $14.4M |
| Free Cash FlowOCF − Capex | $-9.4M | $14.4M |
| FCF MarginFCF / Revenue | -8.3% | 19.1% |
| Capex IntensityCapex / Revenue | 0.6% | 0.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-13.5M | $41.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-8.7M | $14.4M | ||
| Q3 25 | $6.4M | $9.7M | ||
| Q2 25 | $-3.3M | $14.1M | ||
| Q1 25 | $-4.1M | $3.6M | ||
| Q4 24 | $2.2M | $15.6M | ||
| Q3 24 | $1.9M | $11.0M | ||
| Q2 24 | $2.3M | $1.0M | ||
| Q1 24 | $4.9M | $11.2M |
| Q4 25 | $-9.4M | $14.4M | ||
| Q3 25 | $5.6M | $9.7M | ||
| Q2 25 | $-4.3M | $14.1M | ||
| Q1 25 | $-5.3M | $3.6M | ||
| Q4 24 | $504.0K | $15.6M | ||
| Q3 24 | $-205.0K | $11.0M | ||
| Q2 24 | $147.0K | $1.0M | ||
| Q1 24 | $2.2M | — |
| Q4 25 | -8.3% | 19.1% | ||
| Q3 25 | 5.5% | 17.7% | ||
| Q2 25 | -4.5% | 26.8% | ||
| Q1 25 | -5.9% | 7.7% | ||
| Q4 24 | 0.5% | 26.4% | ||
| Q3 24 | -0.2% | 13.7% | ||
| Q2 24 | 0.2% | 2.1% | ||
| Q1 24 | 2.2% | — |
| Q4 25 | 0.6% | 0.0% | ||
| Q3 25 | 0.8% | 0.0% | ||
| Q2 25 | 1.0% | 0.0% | ||
| Q1 25 | 1.3% | 0.1% | ||
| Q4 24 | 1.6% | 0.0% | ||
| Q3 24 | 2.2% | 0.0% | ||
| Q2 24 | 2.4% | 0.0% | ||
| Q1 24 | 2.8% | 0.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | 1.10× | ||
| Q2 25 | — | 2.41× | ||
| Q1 25 | — | 1.21× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.54× | ||
| Q2 24 | — | — | ||
| Q1 24 | 8.97× | — |
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% |
PBYI
Segment breakdown not available.
