BRCC — what changed in the latest 10-Q
A section-by-section comparison of BRCC'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 · 2026-05-04 vs the prior 10-Q · 2025-11-03
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +17 | −36 | ~23 | 11 |
| Market risk (Item 3) | Text added/removed | +1 | −2 | ~6 | 26 |
| Controls & procedures | Text added/removed | +1 | −2 | ~6 | 26 |
| Legal proceedings | Text added/removed | +1 | −2 | ~6 | 26 |
| Risk factors | Text added/removed | +1 | −2 | ~6 | 26 |
| Other information | Text added/removed | +1 | −2 | ~6 | 26 |
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 · 2026-05-04
Maintaining and growing brand awareness and loyalty is critical to our success. We believe we have developed an effective marketing strategy that enhances brand awareness and drives consumer engagement, leading to conversion and repeat purchases. Consumer appreciation of our brand, enhanced by our m…
Comparison of the three months ended March 31, 2026 to the three months ended March 31, 2025
Net revenue for our Wholesale channel for the three months ended March 31, 2026, increased $17.9 million, or 32%, to $74.7 million as compared to $56.8 million for the corresponding period in 2025. The increase was primarily driven by expanded packaged coffee distribution and SKU expansion at FDM re…
Net revenue for our DTC channel for the three months ended March 31, 2026 increased $2.0 million, or 7%, to $29.7 million as compared to $27.7 million for the corresponding period in 2025. The increase was primarily driven by growth at third-party digital marketplaces, which was partially offset by …
Cost of goods sold for the three months ended March 31, 2026 increased $15.6 million, or 27%, to $73.1 million as compared to $57.5 million for the corresponding period in 2025. Gross margin decreased to 33% for the three months ended March 31, 2026 as compared to 36% for the corresponding period in…
Text removed vs the prior filing · source: 10-Q · 2025-11-03
In February 2022, we completed the Business Combination and as a result of the consummation of a series of mergers in connection therewith, Authentic Brands became a subsidiary of BRC Inc., with BRC Inc. acting as the sole managing member thereof as a public benefit corporation. The Business Combina…
On July 16, 2025, the Company, entered into an underwriting agreement (the "Underwriting Agreement") with D.A. Davidson & Co. (the "Underwriter"), pursuant to which the Company agreed to use and sell 28,000,000 shares of Class A Common Stock, at an offering price of $1.25 per share (the "Offering").…
Maintaining and growing brand awareness and loyalty is critical to our success. We believe we have developed an efficient marketing strategy that enhances brand awareness and drives consumer engagement. Consumer appreciation of our brands is primarily reflected in our sales across our three channels…
Three Months Ended September 30,Nine Months Ended September 30,
Comparison of the three months ended September 30, 2025 to the three months ended September 30, 2024
Market risk (Item 3)
Text added vs the prior filing · source: 10-Q · 2026-05-04
•Price changes that are insufficient to offset cost increases;
Text removed vs the prior filing · source: 10-Q · 2025-11-03
•Price changes that are insufficient to offset cost increases and maintain profitability or that result in sales volume declines associated with pricing elasticity;
•Difficulties in successfully expanding into new domestic and international markets;
Controls & procedures
Text added vs the prior filing · source: 10-Q · 2026-05-04
•Price changes that are insufficient to offset cost increases;
Text removed vs the prior filing · source: 10-Q · 2025-11-03
•Price changes that are insufficient to offset cost increases and maintain profitability or that result in sales volume declines associated with pricing elasticity;
•Difficulties in successfully expanding into new domestic and international markets;
Legal proceedings
Text added vs the prior filing · source: 10-Q · 2026-05-04
•Price changes that are insufficient to offset cost increases;
Text removed vs the prior filing · source: 10-Q · 2025-11-03
•Price changes that are insufficient to offset cost increases and maintain profitability or that result in sales volume declines associated with pricing elasticity;
•Difficulties in successfully expanding into new domestic and international markets;
Risk factors
Text added vs the prior filing · source: 10-Q · 2026-05-04
•Price changes that are insufficient to offset cost increases;
Text removed vs the prior filing · source: 10-Q · 2025-11-03
•Price changes that are insufficient to offset cost increases and maintain profitability or that result in sales volume declines associated with pricing elasticity;
•Difficulties in successfully expanding into new domestic and international markets;
Other information
Text added vs the prior filing · source: 10-Q · 2026-05-04
•Price changes that are insufficient to offset cost increases;
Text removed vs the prior filing · source: 10-Q · 2025-11-03
•Price changes that are insufficient to offset cost increases and maintain profitability or that result in sales volume declines associated with pricing elasticity;
•Difficulties in successfully expanding into new domestic and international markets;
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