Mister Car Wash Q1 Revenues Up 6% to $277.9M as Income Rises 27%
Mister Car Wash's first-quarter net revenues rose 6% year-over-year to $277.9 million, while comparable-store sales climbed 3.9% and net income jumped 26.7% to $34.2 million. Unlimited Wash Club memberships grew 11% to 2.5 million and the network expanded by two greenfield sites, reaching 549 locations.
1. Strong Revenue and Income Growth
Net revenues rose 6% year-over-year to $277.9 million in Q1 2026, driven by a 3.9% increase in comparable-store sales. Net income climbed 26.7% to $34.2 million while adjusted EBITDA expanded 13% to $96.7 million.
2. Subscription Memberships and Network Expansion
Unlimited Wash Club memberships reached 2.5 million, up 11% year-over-year, representing 76% of total wash sales versus 73% in Q1 2025. The company opened two new greenfield locations, bringing the total network to 549 car wash sites.
3. Balance Sheet and Cash Flow Highlights
As of March 31, 2026, cash and cash equivalents stood at $54.6 million with no outstanding borrowings on the revolving credit facility. Operating cash flow totaled $79.7 million and free cash flow reached $33.0 million, while rent expense rose 7% to $31.8 million on 493 leased sites.