BELLRING BRANDS, INC. Leases Disclosure
| September 30, | |||||||||||
| 2025 | 2024 | ||||||||||
| ROU assets: | |||||||||||
| Other assets | $ | $ | |||||||||
| Lease liabilities: | |||||||||||
| Other current liabilities | $ | $ | |||||||||
| Other liabilities | |||||||||||
| Total liabilities | $ | $ | |||||||||
| Fiscal 2026 | $ | 3.2 | |||
| Fiscal 2027 | 4.1 | ||||
| Fiscal 2028 | 5.3 | ||||
| Fiscal 2029 | 5.4 | ||||
| Fiscal 2030 | 5.5 | ||||
| Thereafter | 34.8 | ||||
| Total future minimum payments | 58.3 | ||||
| Less: Implied interest | 19.2 | ||||
Less: Tenant improvement allowance | 9.6 | ||||
| Total lease liabilities | $ | ||||
| Year Ended September 30, | |||||||||||||||||
| 2025 | 2024 | 2023 | |||||||||||||||
Total operating lease expense | $3.9 | $3.4 | $3.1 | ||||||||||||||
| Variable lease expense | 1.3 | 1.0 | 0.9 | ||||||||||||||
Weighted-average remaining lease term | 10 years | 4 years | 4 years | ||||||||||||||
Weighted-average incremental borrowing rate | 7.0% | 4.9% | 4.8% | ||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Nov 18, 2025 | Showing above |
| 2024 | Nov 19, 2024 | |
| 2023 | Nov 21, 2023 | |
| 2022 | Nov 17, 2022 | |
| 2021 | Nov 19, 2021 | |
About Leases Disclosures
Lease disclosures under ASC 842 provide a comprehensive view of a company's leased asset portfolio, including the split between operating and finance leases, discount rates used to present-value future payments, and the maturity schedule of lease obligations. This section reveals a significant source of off-balance-sheet commitments that were largely hidden before the current standard.
Key signals: the weighted-average discount rate affects the size of recorded lease liabilities — a higher rate reduces the reported obligation, so compare the chosen rate against the company's incremental borrowing rate. The operating versus finance lease mix affects both EBITDA and operating income presentation. Watch the maturity table for concentration risk: large payment cliffs in specific years may create cash flow pressure. Variable lease payments excluded from the liability measurement represent real obligations that do not appear on the balance sheet. Compare total lease costs against prior-year operating lease expense to assess the true economic burden.