BRC Inc. achieved full year 2025 net revenue of $398.3 million and Adjusted EBITDA of $21.4 million, exceeding its prior guidance of at least $395 million and $20 million, respectively. Fourth quarter 2025 net revenue increased 6.5% to $112.7 million compared to $105.9 million in Q4 2024, driven by growth in Wholesale (+8.4%) and Direct-to-Consumer (+7.1%) channels. Full year 2025 net revenue increased 1.7% to $398.3 million compared to $391.5 million in 2024. Gross profit for Q4 2025 decreased 10.5% to $36.2 million, with gross margin falling to 32.1% from 38.1% in Q4 2024, primarily due to green coffee inflation, tariffs, and a non-cash impairment. Full year 2025 gross profit decreased 14.4% to $137.9 million, with gross margin at 34.6% compared to 41.2% in 2024. Net loss for Q4 2025 was $8.6 million, an increase from a net loss of $6.7 million in Q4 2024. Full year 2025 net loss significantly widened to $32.2 million from $7.6 million in 2024. Adjusted EBITDA for Q4 2025 was $9.7 million, a slight decrease from $9.9 million in Q4 2024. Full year 2025 Adjusted EBITDA decreased 42.1% to $21.4 million from $37.1 million in 2024. Packaged coffee distribution (FDM ACV) increased 7.9% to 54.9% and Ready-to-Drink (RTD) coffee distribution increased 10.0% to 55.9% ACV in 2025 compared to 2024. DTC subscribers decreased to 159,900 at year-end 2025 from 190,400 at year-end 2024. Total Outposts (company-owned and franchise stores) decreased from 37 to 35 locations. For fiscal year 2026, the company projects at least 7% revenue growth, gross margin between 34% and 36%, and at least 30% Adjusted EBITDA growth.