Dutch Bros Inc. (BROS) Financial Statements
Industry: Eating & Drinking Places (Retail)
In fiscal 2025, Dutch Bros reported revenue of $1.64B, up 27.9% from $1.28B the year before. Net income was $79.8M (a 4.9% net margin), or $0.64 per diluted share. Gross margin was 25.9% and operating margin was 9.8%. Operating activities generated $295.5M of cash, leaving $54.4M of free cash flow. At fiscal year end, Dutch Bros held $3.01B in total assets against $2.11B in total liabilities, including $269.4M of cash and equivalents.
Open the full interactive Dutch Bros financials → Quarterly statements, key ratios, valuation history and price charts.
Dutch Bros Key Stats
| Share Price | $37.98 |
|---|---|
| Market Cap | $5.12B |
| P/E Ratio | 59.3 |
| Revenue YoY Growth | +27.9% |
| 52-Week Range | $37.28 – $73.31 |
| Shares Outstanding | 134.5 million (basic, 2026 Q2) |
Dutch Bros Income Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $497.9M | $739.0M | $965.8M | $1.28B | $1.64B |
| Cost of Goods Sold | $346.1M | $558.1M | $714.5M | $940.9M | $1.21B |
| Gross Profit | $151.8M | $180.9M | $251.3M | $340.1M | $423.9M |
| Operating Income | -$113.3M | -$2.6M | $46.2M | $106.1M | $161.2M |
| Pre-Tax Income | -$14.5M | -$2.2M | $8.7M | $53.7M | $135.6M |
| Income Tax | -$1.6M | $2.6M | $7.0M | $18.4M | $18.3M |
| Net Income | -$12.9M | -$4.8M | $1.7M | $35.3M | $79.8M |
| Diluted EPS | -$0.28 | -$0.09 | $0.03 | $0.34 | $0.64 |
Dutch Bros Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $423.6M | $443.6M | $464.4M | $550.9M |
| Net Income | $17.5M | $21.4M | $16.1M | $37.4M |
| Diluted EPS | $0.14 | $0.17 | $0.13 | $0.28 |
Dutch Bros Balance Sheet
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash & Equivalents | $18.5M | $20.2M | $133.5M | $293.4M | $269.4M |
| Current Assets | $61.3M | $82.3M | $205.3M | $357.9M | $357.4M |
| Total Assets | $553.7M | $1.19B | $1.76B | $2.50B | $3.01B |
| Current Liabilities | $142.3M | $212.7M | $138.1M | $203.1M | $240.5M |
| Total Long-Term Debt | $3.6M | $98.9M | $97.7M | $237.1M | $200.2M |
| Total Liabilities | $343.5M | $934.4M | $1.09B | $1.74B | $2.11B |
| Shareholders' Equity | $93.5M | $129.1M | $364.3M | $537.4M | $680.8M |
Dutch Bros Cash Flow Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash From Operations | $80.4M | $59.9M | $139.9M | $246.4M | $295.5M |
| Cash From Investing | -$121.1M | -$192.6M | -$227.3M | -$212.1M | -$241.1M |
| Cash From Financing | $27.6M | $134.4M | $200.7M | $125.4M | -$78.4M |
| Free Cash Flow | -$38.1M | -$128.0M | -$88.5M | $24.7M | $54.4M |
Figures from Dutch Bros' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Dutch Bros financials page for every line item.
Dutch Bros Company Profile
| Ticker | BROS |
|---|---|
| Exchange | NYSE |
| Industry | Eating & Drinking Places (Retail) |
| Headquarters | Tempe, Arizona |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001866581 |
Frequently Asked Questions
What was Dutch Bros' revenue in fiscal 2025?
Dutch Bros (BROS) reported revenue of $1.64B for fiscal 2025.
What is Dutch Bros' annual revenue history?
Dutch Bros' annual revenue by fiscal year: 2021: $497.9M; 2022: $739.0M; 2023: $965.8M; 2024: $1.28B; 2025: $1.64B.
What was Dutch Bros' net income in fiscal 2025?
Dutch Bros reported net income of $79.8M for fiscal 2025.
What was Dutch Bros' earnings per share (EPS) in fiscal 2025?
Dutch Bros' diluted EPS was $0.64 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Dutch Bros generate in fiscal 2025?
Dutch Bros generated $54.4M of free cash flow in fiscal 2025.
What was Dutch Bros' revenue last quarter?
In its most recent reported quarter (2026 Q2), Dutch Bros reported revenue of $550.9M.
How much debt does Dutch Bros have?
Dutch Bros reported $200.2M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Dutch Bros are outstanding?
Dutch Bros reported a weighted average of 134.5 million basic shares outstanding in 2026 Q2.
What is Dutch Bros' market cap?
Based on its latest closing price, Dutch Bros (BROS) has a market capitalization of about $5.12B.
When does Dutch Bros' fiscal year end?
Dutch Bros' fiscal year end, as registered with the SEC, is December 31.
Where is Dutch Bros headquartered?
Dutch Bros lists its business address in Tempe, Arizona in its SEC filings.