Westrock Coffee Co

Listed Company

WESTCIK 0001806347NasdaqAcceleratedEmerging GrowthBeveragesDelawareFY ends Dec 31

Period

FY 2025

Revenue

$1.19B

Net Income

$-90.44M

Total Assets

$1.18B

Equity

$-1.87M

Shares Out

96.88M

Op. Cash Flow

$-19.00M

Business

Westrock Coffee Co is an integrated provider of coffee, tea, flavors, extracts, and ingredient solutions delivering end-to-end services across sourcing, product development, roasting, packaging, and distribution. It offers value-added beverage products including whole bean and roast and ground coffee, single-serve cups, extract-based products, iced and cold brew formulations, ready-to-drink bottles and cans, and private label and branded packaging. The company operates through two reportable segments: Beverage Solutions and Sustainable Sourcing & Traceability, which include product innovation, manufacturing, and traceable commodity sales. Westrock serves retail, food service and restaurant, convenience store and travel center, non-commercial account, CPG, and hospitality channels across the United States, Europe, and Asia.

Summary from filing dated 2025-03-12

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 sales	1,189	851	865	868	698
Costs of sales	1,038	697	725	715	553
Gross profit	151	154	140	153	145
Selling, general and administrative expense	185	185	145	130	129
Transaction, restructuring and integration expense	9	14	15	13	9
Impairment charges	—	6	—	—	—
Loss (gain) on disposal of property, plant and equipment	1	−2	1	935,000	243,000
Total operating expenses	196	203	160	144	138
Loss from operations	−45	−49	−20	9	8
Interest expense	56	34	29	35	—
Change in fair value of warrant liabilities	0	−7	−10	30	—
Other, net	−4	413,000	1	−1	−34,000
Loss before income taxes and equity in earnings from unconsolidated entities	−97	−76	−41	−55	−25
Income tax expense (benefit)	−2	4	−6	111,000	−3
Equity in (earnings) loss from unconsolidated entities	−5	192,000	100,000	—	—
Net loss	−90	−80	−35	−55	−21
Net loss attributable to non-controlling interest	—	—	15,000	−276,000	639,000
Net loss attributable to shareholders	−90	−80	−35	−55	−22
Amortization (accretion) of Series A Convertible Preferred Shares	347,000	349,000	−161,000	−1	—
Net loss attributable to common shareholders	−90	−80	−35	−78	−46
Basic (in dollars per share)	−0.94	−0.89	−0.43	−1.6	−1.34
Diluted (in dollars per share)	−0.94	−0.89	−0.43	−1.6	−1.34
Basic (in shares)	95	90	81	48	34
Diluted (in shares)	95	90	81	48	34

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 2022 2022-08-31
Cash and cash equivalents	50	26	37	17	—
Restricted cash	21	9	644,000	10	—
Accounts receivable, net of allowance for credit losses of $2,750 and $3,995, respectively	94	100	99	102	—
Inventories	200	163	150	146	—
Derivative assets	15	20	14	15	—
Prepaid expenses and other current assets	16	15	12	9	—
Total current assets	396	334	313	298	—
Property, plant and equipment, net	484	467	344	185	—
Goodwill	116	116	116	114	0
Intangible assets, net	107	115	123	131	0
Operating lease right-of-use assets	60	63	68	11	—
Other long-term assets	12	7	8	7	—
Total Assets	1,176	1,102	972	746	—
Current maturities of long-term debt	19	14	10	12	—
Short-term debt	83	55	44	43	—
Accounts payable	91	84	69	117	—
Supply chain finance program	97	79	78	—	—
Derivative liabilities	29	12	4	8	—
Accrued expenses and other current liabilities	95	34	35	37	—
Total current liabilities	414	278	240	216	—
Long-term debt, net	361	326	223	163	—
Convertible notes payable - related party, net	61	50	—	—	—
Deferred income taxes	10	15	11	14	—
Operating lease liabilities	58	61	64	8	—
Other long-term liabilities	865,000	1	2	3	—
Total liabilities	904	730	584	460	—
Commitments and contingencies (Note 21)	—	—	—	—	—
Preferred stock, $0.01 par value, 26,000 shares authorized, no shares issued and outstanding	—	—	—	—	—
Common stock, $0.01 par value, 300,000 shares authorized, 96,866 shares and 94,221 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively	969,000	942,000	880,000	750,000	—
Additional paid-in-capital	545	520	472	343	—
Accumulated deficit	−534	−443	−363	−328	—
Accumulated other comprehensive income (loss)	−13	20	4	−6	—
Total shareholders' equity (deficit)	−2	97	114	9	—
Total Liabilities, Convertible Preferred Shares and Shareholders' Equity	1,176	1,102	972	746	—

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	56	35	27	24	26
Equity-based compensation	15	12	9	3	1
Provision for credit losses	2	2	979,000	2	439,000
Amortization of deferred financing fees included in interest expense	5	3	4	2	2
Write-off of unamortized deferred financing fees	137,000	—	—	4	—
Gain on de-consolidation of Rwanda Trading Company	−2	—	—	—	—
Mark-to-market adjustments	629,000	−5	−104,000	4	−4
Foreign currency transactions	−141,000	598,000	2	667,000	492,000
Deferred income tax expense (benefit)	−3	3	−7	−2	−3
Other	−3	1	2	1	—
Accounts receivable	−7	−3	2	−17	−20
Inventories	−47	−7	915,000	−47	−17
Derivative assets and liabilities	−6	16	6	−23	15
Prepaid expense and other assets	3	2	−2	−15	−401,000
Accounts payable	34	6	−59	28	19
Accrued liabilities and other	23	3	−6	3	3
Net cash used in operating activities	−19	−13	−64	−57	3
Additions to property, plant and equipment	−89	−160	−165	−63	−25
Additions to intangible assets	−174,000	−173,000	−173,000	−167,000	−321,000
Acquisition of business, net of cash acquired	—	—	−2	−15	—
Proceeds from sale of equity method investments and non-marketable securities	500,000	—	—	—	—
Acquisition of equity method investments and non-marketable securities, inclusive of cash contributed	−3	—	−1	—	—
Proceeds from sale of property, plant and equipment	462,000	14	206,000	4	3
Proceeds from deferred purchase price of sold trade receivables	9	—	—	—	—
Net cash used in investing activities	−82	−146	−168	−74	−23
Payments on debt	−126	−181	−199	−439	−111
Proceeds from debt	186	278	258	329	120
Payments on supply chain financing program	−182	−164	−32	—	—
Proceeds from supply chain financing program	199	165	110	—	—
Proceeds from convertible notes payable	19	22	—	—	—
Proceeds from convertible notes payable - related party	12	50	—	12	—
Payment of debt issuance costs	−4	−3	−3	−6	−1
Payment of convertible notes payable issuance costs	−1	−511,000	—	—	—
Net proceeds from (repayments of) repurchase agreements	11	−8	−6	15	—
Net change in unremitted cash collections from servicing factored receivables	14	—	—	—	—
Proceeds from exercise of stock options	—	12,000	848,000	375,000	—
Proceeds from exercise of Public Warrants	—	—	3	—	—
Proceeds from issuance of common stock	12	635,000	119	256	—
Payment of equity issuance costs	−181,000	−10,000	−1	−24	—
Payment for purchase of non-controlling interest	—	—	−2	—	—
Payment for taxes for net share settlement of equity awards	−2	−2	−3	−477,000	−162,000
Net cash provided by financing activities	137	157	244	135	24
Effect of exchange rate changes on cash	−49,000	260,000	−360,000	−344,000	149,000
Net increase (decrease) in cash and cash equivalents and restricted cash	35	−2	11	4	4
Property, plant and equipment acquired but not yet paid	13	33	23	9	184,000
Amounts obtained as beneficial interest in sold trade receivables	11	—	—	—	—
Cash paid for interest	49	38	29	30	28

Filings

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