Mister Car Wash, Inc.
Business
Mister Car Wash, Inc. is a national car wash operator providing express exterior and interior vehicle cleaning services through company-operated tunnel-format locations across multiple states. The company offers per-wash sales and an Unlimited Wash Club subscription membership program that represents the majority of total wash sales. Revenue growth is driven by membership acquisition, new location openings, acquisitions, and operational efficiencies supported by proprietary chemistry systems and integrated technology.
Summary from 10-K filed 2026-02-27
Financials
Consolidated Statement of Income
| Concept | Trend | 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
| Concept | Trend | 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
| Concept | Trend | 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
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Mister Car Wash, Inc.'s CIK number?
Mister Car Wash, Inc.'s SEC CIK number is 0001853513 (1853513). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Mister Car Wash, Inc.'s SEC filings?
All of Mister Car Wash, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Mister Car Wash, Inc. last report earnings?
Mister Car Wash, Inc. (MCW) most recently filed an earnings 8-K with the SEC on Apr 29, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001193125-26-191483). This is Mister Car Wash, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Mister Car Wash, Inc.'s most recent earnings 8-K?
Mister Car Wash, Inc.'s latest earnings 8-K (Item 2.02) was filed Apr 29, 2026 under accession 0001193125-26-191483. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Mister Car Wash, Inc.'s latest earnings 8-K →
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