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Boston Beer SAM Termination Fee

Termination Fee at other companies

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$2.24M+48.4%

Other financials

Income statement

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Revenue$568.3M-3.3%
Gross profit$286.4M-2.1%
Operating income$70.8M-13.8%
Net income$51.6M-14.7%
EPS (diluted)$4.96-9.0%

Balance sheet

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Cash & equivalents$265.5M+25.0%
Total debt$31.6M-28.1%
Total equity$714.6M-21.7%
Total assets$1.3B-1.0%

Cash flow

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Operating cash flow$138.0M+9.1%
CapEx$10.5M-25.9%
Free cash flow$127.5M+13.6%

Valuation

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Market cap$1.88B-20.8%
Enterprise value$1.65B-25.3%
P/E146.1×
P/S-0.2×

Profitability

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Gross margin48.9%+2.4pp
Operating margin5.7%
Net margin4.6%
FCF margin10.7%-0.1pp

Returns & leverage

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Return on equity10.2%
Debt / equity0.0×
Current ratio-0.7×

Where this comes from

Reported directly by Boston Beer in its filing.

Tagged under the XBRL concept sam:TerminationFee.

The source filing: Boston Beer’s 10-Q, filed April 30, 2026.

Filed
Apr 30, 2026, 4:31 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001193125-26-197491

The amended and restated Rauch agreement includes quarterly minimum payments that total $4.1 million annually at zero volume and a termination fee of $5 million with 12 months written notice. The initial term of the agreement expires on December 31, 2031 with provisions to extend.

Item 1. CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

FAQ

What is Boston Beer's termination fee?
Boston Beer (SAM) reported termination fee of $5M in Q1 2026.
How has Boston Beer's termination fee changed year-over-year?
Boston Beer's termination fee decreased by 0.0% year-over-year, from $5M to $5M.
What does termination fee mean?
Costs incurred due to the early cancellation of contracts, service agreements, or vendor partnerships. These fees are typically non-recurring and signal a strategic shift in operations or a failure to meet contractual volume requirements. Tracking these helps assess the financial impact of restructuring or supply chain changes.

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