Mister Car Wash, Inc.

Listed Company

MCWCIK 0001853513NasdaqLarge AcceleratedServices-Automotive Repair, Services & ParkingDelawareFY ends Dec 31

Period

FY 2025

Revenue

$1.05B

Net Income

$103.08M

Total Assets

—

Equity

—

Shares Out

328.89M

Op. Cash Flow

$285.70M

Business

Mister Car Wash, Inc. operates the largest national car wash brand in the U.S., providing express exterior and interior vehicle cleaning services. Its main offerings include self-drive express exterior washes with free vacuums, interior cleaning services performed by team members, and a monthly Unlimited Wash Club subscription program. The company operates two primary location formats—Express Exterior and Interior Cleaning—and supports operations with R&D, proprietary products, technology, training, and acquisitions. Mister Car Wash serves retail and corporate customers across 21 states through company locations, digital and traditional marketing, on-site kiosks, and vendor distribution channels.

Summary from filing dated 2025-02-21

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net revenues	1,052	995	927	877	758
Cost of labor and chemicals	302	291	279	268	265
Other store operating expenses	437	405	364	322	266
General and administrative	98	108	106	99	255
Loss on sale of assets, net	15	12	125,000	−949,000	−23
Total costs and expenses	852	816	749	689	763
Operating income	200	179	178	188	−5
Interest expense, net	59	79	75	42	—
Loss on extinguishment of debt	540,000	2	0	0	3
Other income	−56,000	−5	0	0	—
Total other expense, net	59	76	75	42	43
Income before taxes	141	103	103	146	−47
Income tax provision	38	32	23	33	−25
Net income	103	70	80	113	−22
Loss on interest rate swap	−293,000	0	0	—	—
Total comprehensive income	103	70	80	113	−21
Basic (per share)	0.32	0.22	0.26	0.37	−0.08
Diluted (per share)	0.31	0.21	0.24	0.34	−0.08
Basic (shares)	326	320	311	303	280
Diluted (shares)	332	330	328	328	280

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Accounts receivable, net	639,000	791,000	6	4	1
Other receivables	15	14	15	15	23
Inventory, net	5	6	9	9	6
Prepaid expenses and other current assets	10	12	12	13	9
Total current assets	60	99	61	106	59
Property and equipment, net	914	815	725	561	472
Operating lease right of use assets, net	943	925	834	777	719
Other intangible assets, net	111	113	118	124	130
Goodwill	1,135	1,135	1,135	1,110	1,060
Other assets	11	16	10	9	8
Total assets	3,173	3,102	2,882	2,686	2,448
Accounts payable	28	30	34	26	27
Accrued payroll and related expenses	25	27	20	17	17
Other accrued expenses	42	39	39	41	20
Current maturities of long-term debt	0	7	0	—	0
Current maturities of operating lease liability	54	49	44	40	37
Current maturities of finance lease liability	879,000	804,000	746,000	668,000	559,000
Deferred revenue	36	34	33	29	28
Total current liabilities	185	187	170	154	130
Long-term debt, net	797	909	897	896	896
Operating lease liability	906	891	809	760	718
Financing lease liability	12	13	14	15	15
Deferred tax liabilities, net	138	102	72	53	23
Other long-term liabilities	2	2	4	7	9
Total liabilities	2,040	2,103	1,967	1,885	1,791
Common stock, $0.01 par value, 1,000,000,000 shares authorized, 328,282,533 and 323,639,863 shares outstanding as of December 31, 2025 and 2024, respectively	3	3	3	3	3
Additional paid-in capital	862	830	817	784	752
Accumulated other comprehensive loss	−293,000	0	0	0	225,000
Retained earnings	268	165	95	14	−98
Total stockholders equity	1,133	998	915	801	657
Total liabilities and stockholders equity	3,173	3,102	2,882	2,686	2,448

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization expense	88	81	70	62	51
Stock-based compensation expense	27	26	24	22	217
Loss on sale of assets, net	15	12	125,000	−949,000	−23
Amortization of deferred debt issuance costs	1	1	2	2	1
Non-cash lease expense	55	50	45	41	36
Deferred income tax	36	30	18	29	−27
Accounts receivable, net	152,000	6	−2	−3	540,000
Other receivables	338,000	373,000	960,000	8	−18
Inventory, net	274,000	3	357,000	−3	540,000
Prepaid expenses and other current assets	2	365,000	810,000	−4	−4
Accounts payable	3	3	−113,000	6	2
Accrued expenses	941,000	9	6	2	−6
Deferred revenue	2	1	3	1	2
Operating lease liability	−48	−43	−40	−43	−34
Other noncurrent assets and liabilities	261,000	−5	−3	−3	−4
Net cash provided by operating activities	286	249	205	229	173
Purchases of property and equipment	−255	−330	−328	−192	−126
Acquisition of car wash operations, net of cash	0	0	−51	−87	−514
Proceeds from sale of property and equipment	49	130	120	88	96
Net cash used in investing activities	−207	−200	−259	−190	−544
Proceeds from issuance of common stock under employee plans	6	7	10	9	5
Payments of tax withholding on option exercises	0	−19	0	0	—
Proceeds from debt borrowings	0	925	0	0	290
Proceeds from revolving line of credit	0	217	0	0	0
Payments on debt borrowings	−120	−906	0	−2	−457
Payments on revolving line of credit	0	−217	0	0	0
Payments of deferred debt issuance costs	0	−6	0	0	−4
Principal payments on finance lease obligations	−793,000	−748,000	−668,000	−577,000	−495,000
Other financing activities	−2	−422,000	−500,000	0	0
Net cash provided by (used in) financing activities	−118	−275,000	9	6	272
Net change in cash and cash equivalents and restricted cash during period	−39	48	−46	45	−98
Cash paid for interest	60	78	76	41	39
Cash paid for income taxes	3	3	4	2	9
Property and equipment in accounts payable	6	11	18	10	17
Property and equipment accrued in other accrued expenses	11	10	13	19	—
Stock option exercise proceeds in other receivables	0	294,000	0	25,000	582,000

Filings

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