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Mister Car Wash
Mister Car Wash (MCW) investor relations material
Mister Car Wash Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary18 Feb, 2026
Executive summary
Net revenues surpassed $1 billion for the first time, increasing 6% year-over-year to $1,051.7 million for 2025.
Unlimited Wash Club memberships grew 7% year-over-year, ending with nearly 2.3 million members.
Opened 29 new greenfield locations and acquired additional sites, increasing total operated locations by 7% to 548.
Financial highlights
Fourth quarter net revenues rose 4% year-over-year to $261.2 million; comparable-store sales up 1.6%.
Full-year net income was $103.1 million, with adjusted net income of $145.0 million.
Adjusted EBITDA for 2025 increased 8% to $345.4 million.
Free cash flow improved to $30.3 million from $(81.5) million year-over-year; free cash flow excluding growth capex was $257.2 million.
Cash and cash equivalents at year-end were $28.5 million, down from $67.5 million the prior year.
Segment performance
Unlimited Wash Club sales accounted for 79% of total wash sales in Q4, up from 75% a year earlier.
Opened 16 new greenfield locations and acquired five in Q4, with 548 total locations at year-end.
Impact of sale-leasebacks on rent expense?
How does UWC sales mix impact revenue stability?
Quantify impact of adjusted net income definition change
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Latest events from Mister Car Wash
- Record Q2 revenue and adjusted EBITDA, with strong UWC growth but retail softness persists.MCW
Q2 20242 Feb 2026 - Plans to triple footprint and boost membership with operational excellence and new premium offerings.MCWThe 44th Annual William Blair Growth Stock Conference1 Feb 2026
- Q3 revenue up 7%, adjusted EBITDA up 10%, and 2024 guidance raised on strong growth.MCWQ3 202417 Jan 2026
- Record 2024 results and robust subscription growth support disciplined 2025 expansion.MCWQ4 20243 Jan 2026
- Annual meeting to vote on directors, auditor, and executive pay, with strong governance oversight.MCWProxy Filing1 Dec 2025
- Stockholders will vote on director elections, auditor ratification, and executive pay approval.MCWProxy Filing1 Dec 2025
- Record Q1 revenue, EBITDA, and membership growth drive raised 2025 outlook.MCWQ1 202528 Nov 2025
- Q2 2025 saw 4% revenue growth, strong UWC gains, and reaffirmed expansion plans.MCWQ2 202516 Nov 2025
- Q3 2025 saw strong revenue, EBITDA, and UWC growth, with high-end guidance reaffirmed.MCWQ3 20255 Nov 2025
Next Mister Car Wash earnings date
Q1 202629 Apr, 2026
Mister Car Wash
Next Mister Car Wash earnings date
Q1 202629 Apr, 2026
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