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MOTHER ROAD BREWING COMPANY

Operating

Mother Road Brewing Company

Alcohol · Brewery · Flagstaff, AZ · Founded 2010

Brewing Company

Post-money valuation ⓘ
$42.5M
As of Aug 2025 · from Reg CF Offering (2025) · pre-money + amount raised, not a traded price
Total raised
$2,758,670
Crowd $1.1M · Private $1.7M · 4 rounds since 2023
Latest share price
$1.00
Reg CF · Class B Common Stock · Jan 2025 offering price

Financials

FY2022–FY2025 · from SEC filings · hover any figure for its source
$8.4M
−$862K
2022
$9.9M
−$1.2M
2023
$10.3M
−$822K
2024
$11.2M
−$192K
2025
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2022 audited
FY2023 audited
FY2024 audited
FY2025 unaudited
Income statement
Revenue
$8,385,643
$9,939,896
$10,279,676
$11,165,633
Cost of goods sold
$4,774,817
$6,494,627
$5,157,776
$5,038,408
Gross margin
43%
35%
50%
55%
Net income
-$861,586
-$1,243,366
-$822,485
-$191,611
Taxes paid
$0
$0
$370,086
$386,021
Balance sheet
Cash
$254,761
$97,690
$315,303
$164,672
Accounts receivable
$239,194
$0
$0
$394,815
Total assets
$5,328,405
$4,156,844
$4,716,724
$4,265,344
Short-term debt
$1,739,177
$1,994,402
$1,198,534
$1,579,824
Long-term debt
$4,470,449
$3,974,279
$0
$4,498,851
Total liabilities
$6,209,626
$5,968,681
$1,198,534
$6,078,675
Other
Headcount
—
51
51
51

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
$40.0M
pre-money
$41.1M
pre-money
Reg CF · Common · Jun 2024
Reg CF · Class B Common · Jan 2025

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

Share price over rounds

log scale
$27.7431$5.2672$1.00
May 2023Jan 2025
Round offering price or verified disclosed saleDisclosed sale, unverified or year-onlyDown round · Jun 2024 (-96.4%)

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 30, 2026
Class A Common Stock · 97.4%Class B Common Stock · 2.6%
ClassOutstandingVotes / shareShare of totalLast price
Class A Common Stock40,039,870197.4%—
Class B Common Stock1,066,737—2.6%$1.00Jan 2025
Total41,106,607100%

Principal holders% as the filing states it, Apr 30, 2026

  • Michael W. Marquess as Trustee of the Michael W. Marquess Trust21,105,000 Class A Common Stock52.9%of company
  • Everyone else (not named in filings)47.1%

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 $227.9K / $2MInvestors 1,412Post-money $42.5M
Raised $846.4K / $2MInvestors 916Post-money $41.1M
Raised $1.7MInvestors 9

Team

8 people
Michael MarquessFounder
Founder, President, CEO, Principal Accounting Officer, and Chairman of the Board

An entrepreneur with a broad background in hospitality, brewing, and community service, Michael Marquess co-founded Mother Road Brewing incorporating his loves of beer, history, and the open road into a viable business opportunity. Michael began his interest in hospitality at age 14 when he took a ‘home ec’ class in high school. Between his dedicated teacher and love of food and drink, he knew this was his industry. Michael majored in Hotel and Restaurant Management at Northern Arizona University and graduated with a BS. During school he managed several independent restaurants and then went into corporate management with Wyndham Hotels. After his corporate experience, he returned to Flagstaff where he became involved with the community through his service to several non-profits and rearing a family. He picked up the hobby of home brewing which he has enjoyed since 2000. Michael took a break from hospitality and purchased an existing real estate appraisal firm and grew that business successfully through the mid-2000s. He sold the company in 2010 to pursue Mother Road Brewing Company. Mother Road Brewing Company has grown from three employees to a staff of over 40 and is now the 3rd largest brewery in Arizona by volume brewed. Mother Road’s purpose is ‘to brew distinguished beers and build community one pint at a time’. Michael guides the vision, culture, and strategic planning as well as growing high level relations and partnerships as his primary tasks.

Gordon Penberthy
Chief Sales Officer

Gordon is a dedicated sales and marketing professional with over 30 years of experience in the beverage industry managing both alcoholic and non-alcoholic beverage brands throughout the state of Arizona and the Southwest.

Peter Kruger
Chief Operating Officer

Peter attended Lewis & Clark College and brewed with Full Sail (1993-1995). He was Head Brewer at Desert Edge and in 1997 joined Bear Republic as COO/Master Brewer. He values sustainability, serving on the BA’s Sustainability Committee.

Dylan Prater
GM Hospitality

Dylan Prater began his hospitality career in college working for a barbecue restaurant in Tuscaloosa, Alabama. After moving back to his hometown of Chattanooga, Tennessee, he discovered that he could further pursue his passion with the Monen Family Restaurant Group, operators of multiple highly successful restaurants in the Nashville and Chattanooga areas. Dylan and his wife made the decision to move their lives out to Flagstaff in early 2020, where he has been working as the General Manager of Hospitality for Mother Road Brewing Company. Mother Road Brewing Company was a natural fit for Dylan to continue his passion for hospitality, where the goals and values of the company create inspiration for the development of the Tap Room.

Dan Tavrytzky
Board Member

Dan brings more than 30 years of hospitality experience, strong business relationships, and a passion for our industry. He currently sits on the Grand Canyon Resort Corporation Board forHualapai Tourism. Prior to joining the GCRC Board, Dan was the Managing Director for theDMC Network, as well holding leadership positions at Scottsdale Convention and Visitors Bureau and Starwood Hotels & Resorts. He has also been a university educator teaching hospitality management and marketing courses at Arizona State University. Dan has a bachelor’s degree in Hotel & Restaurant Management from Northern Arizona University and a Master of Business Administration from Arizona State University. He also studied at the Universidad de Salamanca, Spain, and has a minor in Spanish. Dan and his wife of 31 years are proud parents of two adult sons and reside in the Greater Phoenix area with their beloved yellow lab, Tinsley.

Dennis Alonso
Board Member

Dennis' first visit to Mother Road was before it opened in 2011. When the opportunity to invest presented itself in 2015, he participated. As statewide sales took off, he served as a brand ambassador representing the company in the field.

Jason (Jay) Bowers
Board Member

Jay is a champion of the brand and the culture, and is proud to be an investor and board member. He believes that the best is yet to come.

Stephen Popelka
Board Member

Thirty years active duty US Air Force, now retired. Seventeen years as owner of a financial planning practice focused on family and small business planning.

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

Reg CF annual-report compliance

Compliant

Filed 2 of 2 annual reports (FY2024–FY2025)

1,412 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 30, 20260002002943-26-000002
    EDGAR
  • Form C-USep 2, 20250001665160-25-001401
    EDGAR
  • Form C/AAug 8, 20250001665160-25-001361
    EDGAR
  • Form C/AJul 17, 20250001665160-25-001297
    EDGAR
  • Form C/AApr 30, 20250001665160-25-000857
    EDGAR
  • Form C-ARApr 30, 20250001665160-25-000859
    EDGAR
  • Form C/AMar 24, 20250001665160-25-000475
    EDGAR
  • Form C-UJan 8, 20250001665160-25-000030
    EDGAR
Source: ManualCIK 0002002943AZShare price $1.00

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.