BRCB NASDAQ

Of US companies ranked in the second-riskiest tenth, about 1 in 87 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $1.13 (down 89%), Black Rock Coffee Bar, Inc. would be worth roughly what it owes.
Total debt $161.7M against a stock market value of $186.8M.
Distance to default 1.84 (Merton model): prices to 2026-10-27, balance sheet 2026-06-30, debt counted $86.3M (short-term plus half of long-term), stock volatility 79.5%; Altman Z'' -0.06. A ranking and a back-test, not a forecast.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.