Crowdonomics
All companies
THE SUNRISE SHACK logo

THE SUNRISE SHACK

Operating

Sunrise Shack Corporation

Food & Beverage · Restaurant · Honolulu, HI · Founded 2023

Hawaiian cafe that offers organic coffee, smoothie bowls and merchandise sales

Post-money valuation ⓘ
$23.3M
As of Apr 2024 · from Reg CF Offering (2023) · pre-money + amount raised, not a traded price
Total raised
$23,103,301
Crowd $594K · Private $22.5M · 2 rounds since 2023
Latest share price
$7.50
Reg CF · Common Stock · Dec 2023 offering price

Financials

FY2021–FY2025 · from SEC filings · hover any figure for its source
$4.2M
−$254K
2021
$5.2M
−$272K
2022
$5.5M
$88K
2023
$5.3M
−$637K
2024
$8.1M
$621K
2025
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2021 reviewed*
FY2022 reviewed*
FY2023 unaudited
FY2024 unaudited
FY2025 unaudited
Income statement
Revenue
$4,213,758
$5,179,949
$5,461,088
$5,272,022
$8,085,793
Cost of goods sold
$1,549,960
$1,799,693
$2,133,935
$3,283,041
$4,437,890
Gross margin
63%
65%
61%
38%
45%
Net income
-$253,635
-$271,576
$87,560
-$637,176
$621,468
Taxes paid
$0
$0
$388,773
$0
$0
Balance sheet
Cash
$313,608
$344,447
$145,601
$460,085
$587,361
Accounts receivable
$70,491
$239,354
$1,451
$0
$37,829
Total assets
$2,273,917
$3,067,250
$3,022,494
$2,493,345
$3,012,023
Short-term debt
$871,897
$1,692,787
$0
$0
$0
Long-term debt
$1,879,603
$2,123,623
$1,161,281
$0
$685,701
Total liabilities
$2,751,500
$3,816,410
$1,161,281
$0
$685,701
Other
Headcount
—
70
—
70
70

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
$22.5M
pre-money
Reg CF · Common · Dec 2023

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

Share price over rounds

$7.50$3.75$7.50
Nov 2023Dec 2023
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 May 6, 2026
Class A Common Stock · 53.8%Class B Common Stock · 46.2%
ClassOutstandingVotes / shareShare of totalVotesLast price
Class A Common Stock1,597,200153.8%10.4%$7.50Dec 2023
Class B Common Stock1,374,0001046.2%89.6%—
Total2,971,200100%100%

Principal holders% as the filing states it, May 6, 2026

  • Travis Smith1,374,000 Class B Common Stock100.0%of Class B
  • Koa Rothman549,900 Class A Common Stock34.4%of company
  • Alexander Smith505,500 Class A Common Stock31.6%of company
  • Koa Smith460,800 Class A Common Stock28.9%of company
  • Michael Noia81,000 Class A Common Stock5.1%of company

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 $594.3K / $1.2MInvestors 640Post-money $23.3M

Team

9 people
Alex Smith
Co-founder, Professional surfer

The eldest of the Smith Brothers, Alex grew up surfing as a sponsored athlete traveling the world. He has been traveling the world storytelling for international brands through videography and photography. His passion for health and peak performance has contributed to each item on the Sunrise Shack menu. Follow his journey on instagram @alexsmith_

Anthony Thomas
CEO & President

Anthony is a classically trained Chef by trade with over 20 years of expertise in hospitality and restaurants at every level. He excels in delivering memorable dining experiences, building teams and systems. Combining his culinary training with strategic leadership, Anthony oversees the team at The Sunrise Shack and is committed to creating amazing vibes and growing the Sunrise Shack culture of health and happiness. Anthony belives the Sunrise Shack is the embodiment of "practice what you preach" and aims to drive the Shack in its growth both culturally and operationally daily.

Koa Rothman
Co-founder, Professional surfer

Koa is known for his standout performances at Banzai Pipeline and also his YouTube series: This is Livin. At 18 years old he was surfing the heaviest wave in the world in Tahiti, Teahupoo, and caught the biggest wave to ever come in at Teahupoo. He now chases the world’s biggest swells and stops by for a Monkey Bowl when he needs a break between the action. Follow his journey on YouTube and Instagram @koarothman

Koa Smith
Co-founder, Professional surfer

The youngest of the Smith brothers, Koa is known for traveling the world and scoring some of the best waves on the planet. He holds the record for the longest barrel ever recorded and the most barrels rode on one wave! He now lives on North Shore drinking bullets, surfing Pipeline, and spreading good vibes every day. Follow his journey on instagram @koasmith

Travis Smith
Co-Founder, Chairman

Travis, the middle of the Smith brothers, at the age of 12 became a professional bodyboarder and competed at the world-famous Pipeline. He was discovered for modeling on Oahu at the age of 16 and began traveling the world for brands such as Versace, Calvin Klein, and Ralph Lauren, working as a high fashion model. He then moved back to the islands with the dream to start the sunrise shack. Travis is a co-founder of the Sunrise Shack. He is the visionary leader of the company. He works full time for the shack. follow his journey on instragram @triggtrav

Richard Williams
CFO, Treasurer, Secretary

Rich has accumulated over 30 years of experience in every level of accounting, including serving as a Chief Financial Officer, across a range of industries and companies of varying sizes. His expertise even extends to being involved in an IPO listing on the NYSE. Throughout his impressive career, Rich has been a dedicated member of the Sunrise Shack team from its very beginning. He has collaborated closely with the company's owners for most of their lives, fostering a deep and enduring connection. For Rich, being a part of this visionary company has been an incredible journey. What sets the Sunrise Shack apart is its commitment to a higher purpose. Unlike many companies focused solely on their financial bottom line, Rich and the Sunrise Shack team are dedicated to helping people discover and invest in their health and well-being. They're equally passionate about giving back to the planet and their local communities, contributing to the greater goal of making the world a better place.

Richard Allan Williams II
CFO, Treasurer, Secretary
Andy Smith
Director, Board Member

In a pivotal move, Andy co-founded one of the world's largest Factory Outlet Shopping Center Companies, which he successfully sold in the late 1980s. Subsequently, he embarked on a new chapter by relocating to the picturesque island of Kauai, Hawaii, where he met and married the love of his life, Jill Smith. Together, they raised their three boys—Alex, Travis, and Koa—in the serene beauty of the island. Andy's impact on Hawaii's retail landscape is undeniable, having played a key role in developing some of the region's premier retail projects. Notable ventures include Dole Cannery, KKP Niketown, Luxury Row, HardRock Cafe, and the Retail Shops in Ko Olina. As a principal, he's been a driving force behind projects with a combined value exceeding 2 billion dollars, leaving an indelible mark on Hawaii's business and retail scene.

Andrew Johnson Smith
Director

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

Delinquent

Filed 2 of 3 annual reports (FY2023–FY2025)

Missing: 2023

640 investors
holder-count proxy

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

SEC filings

  • Form C-ARMay 6, 20260002003000-26-000001
    EDGAR
  • Form C-ARMay 12, 20250001665160-25-001072
    EDGAR
  • Form C-UApr 23, 20240001665160-24-000452
    EDGAR
  • Form C/AMar 8, 20240001665160-24-000188
    EDGAR
  • Form CDec 13, 20230001665160-23-001986
    EDGAR
Source: ManualCIK 0002003000MIShare price $7.50

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.