Mister Car Wash, Inc. has reported its financial results for the fourth quarter and full year of 2025, and the numbers are quite impressive. The company's net revenues for the fourth quarter of 2025 increased by 4% to $261.2 million from $251.2 million in the same period in 2024. Comparable-store sales also saw a positive uptick, increasing by 1.6% during the quarter.
The company's Unlimited Wash Club® ("UWC") memberships also experienced substantial growth, increasing by 7% year-over-year to end the year with nearly 2.3 million members. This growth in membership contributed to UWC sales representing 79% of total wash sales, compared to 75% in the fourth quarter of 2024.
Mister Car Wash opened 16 new greenfield locations and acquired five locations, bringing the total net number of car wash locations operated to 548 as of December 31, 2025, representing a 7% increase compared to the previous year.
In terms of financial performance, the company reported net income and net income per diluted share of $20.1 million and $0.06, respectively, for the fourth quarter of 2025. Adjusted net income and adjusted net income per diluted share were $37.0 million and $0.11, respectively, representing an increase of 10% in adjusted EBITDA to $86.0 million from $78.3 million in the fourth quarter of 2024.
Looking at the full year, Mister Car Wash saw its net revenues increase by 6% to $1,051.7 million, up from $994.7 million in the prior year. Comparable-store sales for the full year also increased by 2.9%.
The company's adjusted net income and adjusted net income per diluted share for the full year were $145.0 million and $0.44, respectively, representing an 8% increase in adjusted EBITDA to $345.4 million from $320.9 million in 2024.
In terms of the company's financial position, as of December 31, 2025, cash and cash equivalents totaled $28.5 million, compared to $67.5 million in the previous year. Net cash provided by operating activities totaled $285.7 million for the twelve months ended December 31, 2025, compared to $248.6 million for the same period in 2024.
Furthermore, the company conducted sale-leaseback transactions involving eight car wash locations for aggregate consideration of $43.4 million in the fourth quarter of 2025, bringing the full year aggregate proceeds from sale-leaseback transactions to $48.4 million for nine car wash locations.
Today the company's shares have moved -1.8% to a price of $5.99. If you want to know more, read the company's complete 8-K report here.
