Every 10-Q that Boston Beer Company (SAM) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow SAM and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SAM filings page.
The Boston Beer Company reported Q2 2026 net revenue of $568.3 million, down 3.3% as shipment volume fell 4.5% to 2.047 million barrels, partly offset by a 1.2% increase in net revenue per barrel. Net income was $51.6 million, below $60.4 million a year earlier, as higher brand marketing and freight costs outweighed stable per‑barrel production costs.
For the first half of 2026, net revenue was $1.00 billion and the company recorded a net loss of $93.7 million, versus $84.8 million income in 2025, driven mainly by $192.6 million of litigation expense related to a supplier dispute with Ardagh, including damages and interest. Operating cash flow remained positive at $117.6 million, increasing cash and equivalents to $265.5 million with a fully undrawn $150 million revolver. Boston Beer continued repurchases, retiring 231,733 Class A shares for $48.5 million year‑to‑date, and estimates 2026 aluminum tariffs will add $20–30 million to costs after incurring $12.1 million in the first half.
The Boston Beer Company posted a sharp Q1 2026 loss driven by a major legal verdict. Net revenue fell 4.4% to $433.9 million as shipment volume declined 6.9% to 1.56 million barrels, mainly from lower Twisted Tea and Truly sales partly offset by Sun Cruiser growth. Net loss was $145.3 million, or $13.88 per share, versus net income of $24.4 million a year earlier, largely due to a non‑recurring litigation and related interest charge totaling $212.0 million.
Despite lower volume, net revenue per barrel increased 2.7% to $277.98, and gross profit per barrel improved to $137.06 as pricing and mix offset cost pressures. Advertising and selling costs rose to 32.3% of net revenue, and general and administrative spending increased on legal and consulting fees. The company ended the quarter with $164.1 million in cash, no borrowings on its $150.0 million credit facility, and continued share repurchases, leaving $197 million available under its buyback authorization.
Boston Beer Company (SAM) reported Q3 results with net revenue of $537.5 million, down 11.2% as shipments fell 13.7% to 1.936 million barrels. Pricing and mix lifted net revenue per barrel 2.8% to $277.63, while cost of goods sold per barrel declined 5.8%, expanding gross profit per barrel to $141.07. Operating income rose to $62.0 million.
Net income was $46.2 million (diluted EPS $4.25) versus $33.5 million a year ago. Year-to-date, net income reached $131.0 million. Operating cash flow was $230.2 million for the first nine months, and cash and cash equivalents were $250.5 million. The company repurchased $50 million of Class A shares in Q3 ($149.2 million year-to-date) and had $278 million remaining under its $1.6 billion authorization. No borrowings were outstanding on the $150 million revolver.
Management increased brand media and local marketing spend, lifting advertising and selling costs. The company amended long‑term third‑party production agreements and recorded $7.5 million of shortfall fees year-to-date; it anticipates approximately $31 million of future shortfall fees, including $14 million in the remainder of 2025. Effective August 15, 2025, Jim Koch became CEO and is forgoing salary and bonus. A supplier dispute remains pending.