BRCB — what changed in the latest 10-Q
A section-by-section comparison of BRCB's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-08-12 vs the prior 10-Q · 2026-05-13
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +28 | −10 | ~23 | 62 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~1 | 0 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 1 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | +1 | −2 | 0 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-08-12
As a percentage of Total revenue, labor and related expenses increased for the three months ended June 30, 2026 primarily due to a higher concentration of stores in the early stages of maturation within the non-comparable store base which generally incur higher labor costs relative to revenue as sta…
As a percentage of Total revenue, other store operating expenses increased for the three months ended June 30, 2026 primarily due to higher property taxes, software subscription costs primarily driven by vendor price increases and higher repair and maintenance expenses, partially offset by lower mer…
Selling, general, and administrative expenses increased $1.9 million, or 24.7%, to $9.8 million for the three months ended June 30, 2026, compared to $7.9 million for the three months ended June 30, 2025. The increase in selling, general, and administrative expenses was primarily driven by a $1.1 mi…
Depreciation and amortization increased $1.0 million, or 33.6%, to $3.9 million for the three months ended June 30, 2026, compared to $2.9 million for the three months ended June 30, 2025. The increase in depreciation and amortization was primarily driven by 42 Net New Store Openings subsequent to J…
Pre-opening costs increased $0.4 million, or 48.5%, to $1.3 million for the three months ended June 30, 2026, compared to $0.8 million for the three months ended June 30, 2025. The increase in pre-opening costs was primarily a result of increased wages and team costs as a result of 6 more Net New St…
Text removed vs the prior filing · source: 10-Q · 2026-05-13
Comparison of the three months ended March 31, 2026 and 2025
As a percentage of total revenue, labor and related expenses decreased for the three months ended March 31, 2026 primarily due to our ongoing efforts to improve employee retention and operational efficiency.
Selling, general, and administrative expenses increased $2.4 million, or 34.3%, to $9.2 million for the three months ended March 31, 2026, compared to $6.9 million for the three months ended March 31, 2025. The increase in selling, general, and administrative expenses was primarily driven by a $0.9 …
Depreciation and amortization increased $0.6 million, or 19.8%, to $3.5 million for the three months ended March 31, 2026, compared to $2.9 million for the three months ended March 31, 2025. The increase in depreciation and amortization was primarily driven by 36 Net New Store Openings subsequent to…
Pre-opening costs increased $0.4 million, or 51.5%, to $1.1 million for the three months ended March 31, 2026, compared to $0.7 million for the three months ended March 31, 2025. The increase in pre-opening costs was primarily a result of increased wages and team costs as a result of 4 more Net New …
Other information
Text added vs the prior filing · source: 10-Q · 2026-08-12
(c) During the three months ended June 30, 2026, no directors or “officers” (as defined in Rule 16a-1(f) under the Exchange Act) of the Company adopted, modified or terminated a “Rule 10b5-1 trading arrangement” and/or “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408 of Reg…
Text removed vs the prior filing · source: 10-Q · 2026-05-13
(c) On March 12, 2026, a trust affiliated with Jeff Hernandez, the Chairman of our Board of Directors, adopted a Rule 10b5-1 sales plan (the “Hernandez Sales Plan”), providing for the sale of up to 348,000 shares of our Class A common stock. The Hernandez Sales Plan’s expiration date is September 10…
On March 12, 2026, a trust affiliated with Daniel Brand, a member of our Board of Directors, adopted a Rule 10b5-1 sales plan (the “Brand Sales Plan”), providing for the sale of up to 150,000 shares of our Class A common stock. The Brand Sales Plan’s expiration date is September 10, 2026. The Brand …
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice