| Stage | BRBR | % of rev | PINS | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $570M | 100.00% | $1.2B | 100.00% | PINS ×2.06 |
| Gross profit | $163M | 28.63% | $912M | 77.72% | PINS +49.1pp |
| Operating income | $65M | 11.47% | $30M | 2.58% | BRBR +8.9pp |
| Pre-tax income | $46M | 7.98% | $35M | 2.99% | BRBR +5.0pp |
| Net income | $34M | 6.00% | $22M | 1.83% | BRBR +4.2pp |
| Stage | BRBR | PINS | Gap · A − B |
|---|---|---|---|
| Revenue | $570M100.00% | $1.2B100.00% | PINS ×2.06 |
| Gross profit | 28.63%$163M | 77.72%$912M | PINS +49.1pp |
| Operating income | 11.47%$65M | 2.58%$30M | BRBR +8.9pp |
| Pre-tax income | 7.98%$46M | 2.99%$35M | BRBR +5.0pp |
| Net income |
| 6.00%$34M |
| 1.83%$22M |
| BRBR +4.2pp |
BRBR 10-KNov 18 '25
“Our largest customers, Walmart and its affiliates (which includes Sam's Club), Costco and Amazon, accounted for approximately 74.0% of our net sales in our year ended September 30, 2025.”
PINS 10-KFeb 12 '26
“Our material cash requirements as of December 31, 2025 include our $312.3 million commitment with Amazon Web Services, for which we are not subject to annual purchase commitments, and our $323.5 million of operating lease obligations, of which $50.0 million is due within the next 12 months.”