Mister Car Wash Inc. reports 6% rise in net revenues and 3.1% increase in comparable-store sales

Reuters10-30
<a href="https://laohu8.com/S/MCW">Mister Car Wash</a> Inc. reports 6% rise in net revenues and 3.1% increase in comparable-store sales

Mister Car Wash Inc. reported net revenues of $790.5 million for the first nine months of 2025, an increase of 6.0% compared to $743.6 million in the prior year. Comparable-store sales for the same period rose by 3.4%. For the third quarter of 2025, net revenues grew by 6.0%, and comparable-store sales increased by 3.1%. The company ended the third quarter with over 2.2 million Unlimited Wash Club memberships, a year-over-year increase of 117,000 members, or 6.0%. Mister Car Wash opened 13 new greenfield locations in the first nine months of 2025, with 5 of those in the third quarter, bringing the total number of locations operated to 527 as of September 30, 2025, up 5.2% from 501 locations a year earlier. Net income for the third quarter was $27.4 million, or $0.08 per diluted share, while adjusted net income was $36.4 million, or $0.11 per diluted share. Adjusted EBITDA increased by 10.2% to $86.8 million compared to $78.8 million in the third quarter of 2024. For the first nine months of 2025, net income was $83.0 million, or $0.25 per diluted share. Free cash flow for the first nine months of 2025 totaled $47.1 million, compared to negative $61.1 million for the same period in 2024. Free cash flow excluding growth capital expenditures was $202.0 million, up from $174.2 million in the prior year. The company completed one sale-leaseback transaction in the third quarter of 2025 for $5.0 million. Rent expense, net, increased by 11.0% to $30.3 million, with 477 car wash leases as of September 30, 2025, compared to 447 leases a year earlier.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Mister Car Wash Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9564769-en) on October 29, 2025, and is solely responsible for the information contained therein.
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