SAMThe Boston Beer Company, Inc.

$3B

Q3 2025 Earnings

Consumer Defensive Beverages - Alcoholic

Income Statement

Revenue

$537M-11.2% YoY

Gross Profit

$273M50.8% margin

Operating Income

$63M11.8% margin

Net Income

$46M8.6% margin

EPS (Diluted)

$4.25

QoQ Revenue Growth

-8.6%

Cash Flow

Operating Cash Flow

$102M

Free Cash Flow

$89M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$1.2B

Total Liabilities

$336M

Stockholders' Equity

$911M

Cash & Equivalents

$250M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$537M	$605M	-11.2%
Gross Profit	$273M	$280M	-2.5%
Operating Income	$63M	$46M	+38.5%
Net Income	$46M	$34M	+37.7%

Revenue Segments

Operating Segments

$537M100%

SAM Q3 2025 Earnings — The Boston Beer Company, Inc. Revenue & Financial Results | Market Cap Arena