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 · 2026-11-02 vs the prior 10-Q · 2026-08-03
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +23 | −19 | ~27 | 16 |
| Market risk (Item 3) | Text added/removed | +1 | 0 | ~1 | 33 |
| Controls & procedures | Text added/removed | +1 | 0 | ~1 | 33 |
| Legal proceedings | Text added/removed | +1 | 0 | ~1 | 33 |
| Risk factors | Text added/removed | +1 | 0 | ~1 | 33 |
| Other information | Text added/removed | +1 | 0 | ~1 | 33 |
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 · 2026-11-02
During the third quarter of 2026, management committed to Project Core, a multi-year strategic initiative intended to strengthen our core coffee business, improve profitability, simplify our operations and reduce the capital intensity of our business. As part of Project Core, we plan to close 12 com…
On October 29, 2026, subsequent to the end of the third quarter of 2026, we signed an agreement to sell the Manchester Plant to Cascade Coffee, LLC, a longstanding manufacturing partner, for $17.0 million, consisting of $10.0 million in cash and a $7.0 million note receivable. $8.6 million of the ca…
On August 21, 2026, we effected a 1-for-10 reverse stock split of our Class A common stock and Class B common stock. The par value of both the Class A common stock and Class B common stock remains $0.0001 per share. The Reverse Stock Split did not reduce the number of shares of capital stock we are …
Our ability to successfully execute Project Core, a multi-year initiative to strengthen our core coffee business, improve profitability, simplify our operations and reduce the capital intensity of our business, will be an important factor in our future performance (see “Recent Developments”). Its su…
We sell our products both directly and indirectly to our customers through a broad set of physical and online platforms. Our revenue, net reflects the impact of product returns as well as discounts and fees associated with certain sales programs, trade spending, promotions, and loyalty rewards.
Text removed vs the prior filing · source: 10-Q · 2026-08-03
We sell our products both directly and indirectly to our customers through a broad set of physical and online platforms. Our revenue, net reflects the impact of product returns as well as discounts and fees for certain sales programs, trade spend, promotions, and loyalty rewards.
Cost of goods sold primarily includes raw material costs, labor costs directly related to producing our products including wages and benefits, shipping costs, and other overhead costs related to certain aspects of production, warehousing, fulfillment, shipping, and credit card fees.
Cost of goods sold for the three months ended June 30, 2026 increased $7.9 million, or 13%, to $70.5 million as compared to $62.7 million for the corresponding period in 2025. Gross margin increased modestly to 34.1% for the three months ended June 30, 2026 compared to 33.9% for the corresponding pe…
Salaries, wages, and benefits expenses for the three months ended June 30, 2026 decreased $0.3 million, or 2%, to $15.5 million as compared to $15.8 million for the corresponding period in 2025. This decrease was primarily attributable to lower severance costs and reduced payroll from the lower head…
General and administrative expenses for the three months ended June 30, 2026 decreased $5.0 million, or 35%, to $9.3 million as compared to $14.3 million for the corresponding period in 2025. The decrease was primarily attributable to lower legal fees, lower consulting and professional fees, and red…
Market risk (Item 3)
Text added vs the prior filing · source: 10-Q · 2026-11-02
Except as otherwise indicated, all information in this Quarterly Report gives effect to the 1-for-10 reverse stock split of the Class A common stock and Class B common stock that was effected on August 21, 2026.
Controls & procedures
Text added vs the prior filing · source: 10-Q · 2026-11-02
Except as otherwise indicated, all information in this Quarterly Report gives effect to the 1-for-10 reverse stock split of the Class A common stock and Class B common stock that was effected on August 21, 2026.
Legal proceedings
Text added vs the prior filing · source: 10-Q · 2026-11-02
Except as otherwise indicated, all information in this Quarterly Report gives effect to the 1-for-10 reverse stock split of the Class A common stock and Class B common stock that was effected on August 21, 2026.
Risk factors
Text added vs the prior filing · source: 10-Q · 2026-11-02
Except as otherwise indicated, all information in this Quarterly Report gives effect to the 1-for-10 reverse stock split of the Class A common stock and Class B common stock that was effected on August 21, 2026.
Other information
Text added vs the prior filing · source: 10-Q · 2026-11-02
Except as otherwise indicated, all information in this Quarterly Report gives effect to the 1-for-10 reverse stock split of the Class A common stock and Class B common stock that was effected on August 21, 2026.
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