Welcome to our dedicated page for Mister Car Wash SEC filings (Ticker: MCW), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The Mister Car Wash, Inc. (Nasdaq: MCW) SEC filings page brings together the company’s regulatory disclosures, allowing investors to review how this large car wash brand reports its financial and operating results. Mister Car Wash is headquartered in Tucson, Arizona and operates over 500 car wash locations, with a business model that emphasizes car wash services and its Unlimited Wash Club® (UWC) subscription program. These activities are reflected in the company’s periodic reports and current reports filed with the Securities and Exchange Commission.
Among the most relevant filings for MCW are its annual reports on Form 10-K and quarterly reports on Form 10-Q, where the company discusses net revenues, comparable-store sales, location counts, and subscription metrics, along with risk factors and management’s discussion and analysis. Mister Car Wash also files current reports on Form 8-K to furnish earnings press releases, as seen in 8-K filings that reference quarterly results and attach press releases as exhibits.
Investors can also monitor any proxy statements related to governance and compensation, as well as potential ownership and insider activity through beneficial ownership and insider transaction filings, when available. These documents collectively provide a detailed view of how Mister Car Wash presents its financial performance, capital allocation, and corporate structure to regulators and shareholders.
On Stock Titan, Mister Car Wash filings are supplemented with AI-powered summaries that highlight key points from lengthy documents, helping users quickly understand the main themes of a 10-K, 10-Q, or 8-K. Real-time updates from EDGAR ensure that new filings appear promptly, while AI explanations can make complex sections—such as non-GAAP reconciliations or definitions of metrics like adjusted EBITDA and free cash flow—easier to interpret. This combination of raw filings and AI analysis helps users follow MCW’s regulatory disclosures more efficiently.
Mister Car Wash, Inc. delivered higher profitability in Q1 2026 while progressing toward a go‑private transaction. Net revenues reached $277.9 million, up from $261.7 million, with net income of $34.2 million versus $27.0 million and diluted EPS of $0.10 versus $0.08.
Adjusted EBITDA rose to $96.7 million, a 34.8% margin, helped by a larger store base of 549 locations and 3.9% comparable store sales growth. Subscription strength continued, with 2.47 million Unlimited Wash Club members and UWC sales at 76% of total wash sales.
The company generated $79.7 million in operating cash flow, invested $46.7 million in property and equipment, and reduced its First Lien Term Loan balance to $793.1 million. Under a February 17, 2026 Merger Agreement with affiliates of Leonard Green & Partners, each outstanding share is expected to be converted at closing into $7.00 cash, after which Mister Car Wash will be privately held and delisted from Nasdaq, subject to approvals and customary conditions.
Mister Car Wash reported solid first quarter 2026 growth. Net revenues rose 6% to $277.9 million from $261.7 million a year earlier, driven by a 3.9% increase in comparable-store sales and continued expansion of its Unlimited Wash Club subscription program.
Net income increased 26.7% to $34.2 million, with diluted earnings per share up to $0.10 from $0.08. Adjusted EBITDA grew 13% to $96.7 million. The company ended the quarter with about 2.5 million Unlimited Wash Club members, up 11% year over year, and operated 549 locations, a 6% increase. Cash and cash equivalents were $54.6 million, and free cash flow was $33.0 million.
Mister Car Wash, Inc. filed Amendment No. 1 to its 2025 Annual Report to add Part III information on directors, executive compensation, ownership, and related-party policies, without changing any previously reported financial results.
For 2025, named executives’ cash bonuses were tied to adjusted EBITDAR, with a $485.5 million target and actual adjusted EBITDAR of $482.3 million. This produced a 94.47% formula payout, which the Compensation Committee increased to 100% of target. Executives also received stock options and RSUs with multi‑year vesting.
CEO John Lai’s 2025 total compensation was $6,517,002, including a $1,000,000 salary and equity awards, resulting in a 194‑to‑1 CEO pay ratio versus the $33,679 median employee. Leonard Green–affiliated funds beneficially owned 219,213,079 shares, or 66.7% of outstanding common stock as of March 31, 2026.
The Company entered into an Agreement and Plan of Merger dated February 17, 2026 under which Parent (controlled by funds affiliated with Leonard Green & Partners) will acquire Mister Car Wash, Inc. by merger for $7.00 per share in cash (the “Per Share Price”). The Principal Stockholders delivered a Written Consent representing approximately 67% of outstanding shares, so no further stockholder vote is required.
At closing the Company will become a wholly owned subsidiary of Parent, Company common stock will be delisted from Nasdaq and deregistered, holders will receive cash (subject to Delaware appraisal rights under Section 262), and equity awards will convert to specified cash payments.
Mister Car Wash, Inc. has entered into a merger agreement to be acquired by a Leonard Green & Partners-affiliated buyer for $7.00 per share in cash.
Under the agreement, Principal Stockholders holding approximately 67% delivered written consent so no further stockholder vote is required; the company will be delisted from Nasdaq at closing. Parent secured a $900,000,000 senior secured term loan commitment to fund the transaction. Appraisal rights under Section 262 of the DGCL are available for eligible holders who follow statutory procedures.
The Company announced a cash merger in which Merger Sub will merge into Mister Car Wash, Inc. and each outstanding share (other than certain excluded or dissenting shares) will be converted into the right to receive $7.00 per share (the "Per Share Price"). Principal Stockholders holding approximately 67% executed a written consent, so no further stockholder vote is required. The filing states 548 locations and ~2.3 million subscription members as of December 31, 2025. The $7.00 price equals a ~16.5% premium to the Feb 17, 2026 closing price of $6.01; the last practicable close was $6.97. Termination fees are disclosed: a Company fee of $31,250,000 and a Parent fee of $51,750,000. Appraisal thresholds under Section 262 of the DGCL include a 1% ownership trigger and a $1,000,000 aggregate consideration trigger for preserving appraisal rights.
Mister Car Wash, Inc. Chief Executive Officer John Lo-minn Lai reported routine equity compensation activity and related tax sales. On March 1, 2026, restricted stock units representing 81,081 shares vested and were converted into common stock at no cost. In connection with this vesting event, 22,037 common shares were automatically sold in a non-discretionary transaction at $7.08 per share to cover taxes and fees. After these transactions, Lai directly held 4,637,394 common shares and indirectly held 2,498,330 common shares through The JLKL 2020 Irrevocable Family Trust.
Mister Car Wash, Inc. Chief Financial Officer Jedidiah Marc Gold reported equity award activity tied to a restricted stock unit vesting event. On March 1, 2026, he exercised 15,203 restricted stock units, converting them into 15,203 shares of common stock at an exercise price of $0.00 per share. Following this, his direct common stock holdings increased to 90,840 shares and he held 15,203 restricted stock units. On March 2, 2026, 4,761 of these shares were automatically sold at an average price of $7.08 per share to cover taxes and fees, a non-discretionary transaction, leaving him with 86,079 directly held common shares.
Mister Car Wash Chief Innovation Officer Joseph Duane Matheny reported equity activity tied to a restricted stock unit vesting event. He acquired 5,068 shares of common stock through the exercise of RSUs at $0.00 per share, then 2,318 shares were automatically sold at $7.08 per share to cover taxes and fees. Following these transactions, he directly holds 93,827 common shares and indirectly holds 45,000 common shares through the Emersyn Matheny Irrevocable Trust.
Mister Car Wash, Inc. operates 548 car wash locations across 21 states and runs North America’s largest car wash subscription program, with approximately 2.3 million Unlimited Wash Club members that generated 76% of 2025 wash sales. In 2025, the company opened 29 greenfield locations, acquired five Whistle Express sites and ended the year with 6,836 employees and 328,479,065 common shares outstanding as of February 13, 2026.
On February 17, 2026, Mister Car Wash agreed to be acquired by MCW Parent, LP affiliates in an all‑cash merger at $7.00 per share, after which it will become a private company and its stock will be delisted from Nasdaq. Principal stockholders affiliated with Leonard Green & Partners, holding about 67% of the common stock, approved the deal by written consent, so no further stockholder vote is required. The buyers have secured commitments for a $900 million senior secured first‑lien incremental term loan to help finance the transaction, which is expected to close in the first half of 2026, subject to regulatory and customary conditions. Mister Car Wash also reports $800.1 million of first‑lien term debt outstanding and $285.7 million of net cash provided by operating activities for 2025.