Crowdonomics
All companies
MICHAEL WALTRIP BREWING COMPANY logo

MICHAEL WALTRIP BREWING COMPANY

Operating

Michael Waltrip Brewing Company

Alcohol · McKinney, TX · Founded 2019

Fun, flavorful craft beer brand

Post-money valuation ⓘ
$20.6M
As of Oct 2023 · from Reg CF Offering (2023) · pre-money + amount raised, not a traded price
Total raised
$7,519,603
Crowd $285K · Private $7.2M · 6 rounds since 2019
Latest share price
$1.55
Reg CF · Common Stock · Jul 2023 offering price

Financials

FY2021–FY2025 · from SEC filings · hover any figure for its source
$230K
−$1.3M
2021
$665K
−$697K
2022
$841K
−$534K
2023
$815K
−$662K
2024
$647K
−$905K
2025
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2021 reviewed
FY2022 reviewed
FY2023
FY2024 unaudited
FY2025 unaudited
Income statement
Revenue
$229,730
$665,058
$841,057
$815,126
$646,826
Cost of goods sold
$176,586
$456,782
$549,486
$519,391
$528,468
Gross margin
23%
31%
35%
36%
18%
Net income
-$1,291,131
-$696,759
-$533,969
-$662,380
-$905,490
Taxes paid
$0
$0
$0
$0
$0
Balance sheet
Cash
$231,625
$88,131
$156,955
$237,521
$2,758,120
Accounts receivable
$16,960
$2,816
$16,585
$7,996
$842
Total assets
$478,271
$323,344
$447,453
$2,216,865
$3,303,576
Short-term debt
$146,177
$475,000
$225,000
$389,504
$393,091
Long-term debt
$1,275,000
$0
$0
$0
$0
Total liabilities
$1,421,177
$475,000
$225,000
$389,504
$393,091
Other
Headcount
—
14
14
—
5

Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited, as the filing’s own report or certification states it. A dashed pill marked * is inferred instead: the SEC minimum for an offering that size, which the issuer may have exceeded. No pill means we couldn’t tell. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Pre-money — the valuation set before each round’s money came in
$20.3M
pre-money
Reg CF · Common · Jul 2023

Blue bars are the pre-money valuation the company stated for a priced round.

Share price over rounds

$1.55$0.775$0.2702
Feb 2023Dec 2025
Round offering price or verified disclosed saleDisclosed sale, unverified or year-only

Disclosed sales come from the issuer's own filings (prior-offering lines, audited-statement notes) and are amount ÷ securities sold. A down round is a firm point more than 25 % below the previous firm point of the same share class on a comparable basis; the comparison ignores unverified and year-only lines.

Cap table

Share counts as of Apr 29, 2026
Series Seed Preferred Stock · 55.6%Class A Common Stock · 43.6%Class B Common Stock · 0.82%
ClassOutstandingVotes / shareShare of totalVotesLiquidationDividendLast price
Series Seed Preferred Stockpreferred18,503,716—55.6%56.0%1× participating · paid 1st8% cumulative—
Class A Common Stock14,515,227143.6%44.0%———
Class B Common Stock273,441none0.82%0%———
Total33,292,384100%100%

Principal holders% as the filing states it, Apr 29, 2026

  • Darryl Cuttell18,503,716 Preferred Stock56.0%of votes
  • Darryl Cuttell18,503,716 Series Seed Preferred Stock—of votes
  • Everyone else (not named in filings)44.0%

Sold to the crowd

From the company's SEC filings: share counts per class, each class's voting and conversion terms, and the holders of 20% or more that Form C requires (officers and 10%+ holders on Form 1-A). Filings name only large holders, so most owners — including crowd investors — are not listed, and a holder's percentage may be of its own class rather than of the whole company. Prices and crowd share counts are in today's share terms — adjusted for splits and conversions since they were sold. Hover a figure for its filing.

Fundraising history

Raised $5MInvestors 1
Raised $200KInvestors 1
Raised $284.7K / $1.2MInvestors 249Post-money $20.6M
Raised $784.9KInvestors 4
Raised $1MInvestors 3
Raised $250KInvestors 2

Team

4 people
Bryan R. SperberFounder
CEO/President

Sports and Entertainment executive with 30+ years of experience. Past President of NASCAR tracks, Phoenix Raceway and Watkins Glen, as well as Chairman of California Speedway. Fmr Board member of college football's Fiesta Bowl and current YPO Gold member. 2018 inductee into the West Coast Stock Car Hall of Fame.

Jackie Glynn Gross JrFounder
Executive Chairman/Secretary/Treasurer

Currently Mr. Gross serves as the Executive Chairman of Michael Waltrip Brewing Company as well as President and CEO of Noral Holding Company. After graduating from Southern Methodist University, he began his career as a Financial Consultant and Certified Public Accountant with Deloitte, the largest accounting and consulting firm in the world. Mr. Gross has significant experience in transaction-based consulting and during his term there, he specialized in mergers and acquisitions. He founded Noral Holding Company in Texas in 1998 and began to acquire companies in the oil and gas, manufacturing, and hospitality industries. All these companies still thrive today and are either still owned by Noral or others if the companies have been sold. Through Noral, Mr. Gross currently owns and operates two Modern Margarita restaurants in Phoenix, Arizona with others planned to be opened in Texas in the next year. Modern Margarita specializes in craft margaritas and tacos with a twist while DJ’s play great music all weekend. Mr. Gross enjoys a good craft beer with an occasional round of golf. His passion is serving the Lord and his church where he lives in the Dallas area.

Michael Curtis WaltripFounder
Chief Fun Officer

Mr. Waltrip is a two-time champion of the Daytona 500 and a broadcast analyst for FOX Sports. He is a NY Times best selling author, the subject of a nationally acclaimed documentary, Blink of an Eye, and a past contestant on ABC’s Dancing with the Stars.

Bryan Sperber
CEO and President

Names and titles as disclosed on StartEngine, SEC Form C. Bios and photos come from the platform campaign page and may be out of date.

Reg CF annual-report compliance

Not requiredFiled Form C-TR (terminated reporting)

Filed 2 of 3 annual reports (FY2023–FY2025)

249 investors
holder-count proxy

Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.

  • Form C-ARApr 29, 20260001213900-26-049414
    EDGAR
  • Form C-TRApr 29, 20260001213900-26-049417
    EDGAR
  • Form DDec 29, 20250001794609-25-000002
    EDGAR
  • Form C-ARMay 1, 20240001665160-24-000734
    EDGAR
  • Form DApr 30, 20240001786236-24-000006
    EDGAR
  • Form C-UOct 12, 20230001665160-23-001842
    EDGAR
  • Form CJul 12, 20230001665160-23-001505
    EDGAR
  • Form DMar 9, 20230001786236-23-000002
    EDGAR
Source: ManualCIK 0001794609NVShare price $1.55

About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.