Dutch Bros Inc.
Dutch Bros Inc.
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Financial Statements
Values in Millions ($) | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Financial statements beyond 3 years are for subscribers only. Unlock 17+ years of income statements, balance sheets, and cash flow statements Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Assets | |||||||||||||||||
Assets Current | |||||||||||||||||
Cash And Cash Equivalents At Carrying Value | 269 | 264 | 269 | 267 | 254 | 316 | 293 | 281 | 261 | 263 | 134 | 150 | |||||
Accounts Receivable Net Current | 19 | 19 | 18 | 14 | 14 | 12 | 11 | 10 | 12 | 12 | 9 | 9 | |||||
Inventory Net | 41 | 37 | 49 | 45 | 42 | 38 | 36 | 38 | 47 | 45 | 47 | 50 | |||||
Prepaid Expense And Other Assets Current | 24 | 21 | 21 | 14 | 15 | 17 | 18 | 12 | 15 | 15 | 16 | 12 | |||||
Assets Current | 352 | 340 | 357 | 341 | 326 | 383 | 358 | 342 | 335 | 335 | 205 | 221 | |||||
Property Plant And Equipment Net | 905 | 862 | 825 | 789 | 748 | 706 | 684 | 663 | 628 | 585 | 542 | 499 | |||||
Finance Lease Right Of Use Asset | - | - | - | 393 | 382 | 378 | 375 | 378 | 381 | 381 | 383 | 365 | |||||
Operating Lease Right Of Use Asset | - | 536 | 449 | 415 | 375 | 340 | 315 | 302 | 283 | 234 | 200 | 191 | |||||
Deferred Income Tax Assets Net | 1,111 | 943 | 947 | 950 | 955 | 930 | 742 | 719 | 722 | 507 | 403 | 330 | |||||
Finite Lived Intangible Assets Net | - | 1 | 2 | 2 | 2 | 2 | 3 | 3 | 4 | 5 | 5 | 6 | |||||
Other Assets Noncurrent | 24 | 24 | 26 | 10 | 2 | 4 | 27 | 4 | 4 | 4 | 4 | 5 | |||||
Assets | 3,377 | 3,105 | 3,009 | 2,922 | 2,812 | 2,765 | 2,501 | 2,432 | 2,377 | 2,073 | 1,764 | 1,639 | |||||
Goodwill | - | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | |||||
Liabilities And Stockhold… | |||||||||||||||||
Liabilities | |||||||||||||||||
Liabilities Current | |||||||||||||||||
Accounts Payable Current | 44 | 42 | 38 | 38 | 34 | 32 | 32 | 32 | 36 | 39 | 30 | 28 | |||||
Other Liabilities Current | 123 | 100 | 99 | 14 | 14 | 14 | 83 | 6 | 6 | 6 | 6 | 8 | |||||
Contract With Customer Liability Current | 47 | 57 | 56 | 46 | 44 | 40 | 43 | 36 | 31 | 29 | 30 | 22 | |||||
Lines Of Credit Current | - | - | - | - | - | - | - | - | - | - | 0 | 0 | |||||
Finance Lease Liability Current | - | - | - | 15 | 14 | 14 | 13 | 13 | 12 | 11 | 9 | 10 | |||||
Employee Related Liabilities Current | - | 42 | 50 | 49 | 42 | 33 | 50 | 39 | 32 | 23 | 31 | - | |||||
Accrued Liabilities Current | - | - | - | 40 | 32 | 22 | 27 | 26 | 19 | 17 | 16 | 40 | |||||
Long Term Debt Current | 4 | 4 | 4 | 4 | 4 | 23 | 17 | 16 | 14 | 13 | 4 | 4 | |||||
Liabilities Current | 261 | 255 | 240 | 224 | 199 | 197 | 203 | 180 | 153 | 147 | 138 | 121 | |||||
Contract With Customer Liability Noncurrent | 7 | 6 | 9 | 7 | 8 | 8 | 8 | 6 | 7 | 6 | 7 | 6 | |||||
Finance Lease Liability Noncurrent | - | - | - | 391 | 380 | 374 | 369 | 369 | 370 | 368 | 368 | 348 | |||||
Long Term Debt Noncurrent | 195 | 195 | 196 | 196 | 197 | 261 | 220 | 224 | 229 | 234 | 93 | 93 | |||||
Other Liabilities Noncurrent | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Operating Lease Liability Current | - | 23 | 19 | 17 | 15 | 15 | 14 | 13 | 2 | 9 | 10 | 9 | |||||
Liabilities | 2,402 | 2,185 | 2,111 | 2,057 | 1,978 | 1,969 | 1,737 | 1,679 | 1,647 | 1,377 | 1,088 | 968 | |||||
Stockholders Equity | |||||||||||||||||
Preferred Stock Value | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Operating Lease Liability Noncurrent | - | 523 | 450 | 413 | 371 | 335 | 309 | 293 | 283 | 227 | 191 | 182 | |||||
Additional Paid In Capital | 645 | 581 | 581 | 578 | 575 | 564 | 517 | 507 | 505 | 425 | 379 | 345 | |||||
Accumulated Other Comprehensive Income Loss Net Of… | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 1 | 1 | 1 | 1 | |||||
Retained Earnings Accumulated Deficit | 153 | 116 | 100 | 78 | 61 | 35 | 20 | 16 | 3 | -9 | -16 | -14 | |||||
Stockholders Equity | 975 | 921 | 681 | 657 | 834 | 599 | 537 | 753 | 509 | 417 | 364 | 332 | |||||
Minority Interest | 177 | 224 | 217 | 208 | 198 | 197 | 226 | 230 | 221 | 279 | 312 | 339 | |||||
Liabilities And Stockholders Equity | 3,377 | 3,105 | 3,009 | 2,922 | 2,812 | 2,765 | 2,501 | 2,432 | 2,377 | 2,073 | 1,764 | 1,639 | |||||
Common Class A | - | 137 | 127 | 0 | 2 | 125 | 0 | 0 | 27 | 87 | 0 | 13 | |||||
Common Class B | - | 35 | 35 | 0 | -0 | 35 | 0 | 0 | -25 | 60 | 0 | 0 | |||||
Common Class C | - | 2 | 2 | -0 | 0 | 2 | 0 | 0 | -19 | 24 | 0 | 0 | |||||
Preferred Stock Par Or Stated Value Per Share | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Preferred Stock Shares Authorized | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | |||||
Preferred Stock Shares Issued | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Preferred Stock Shares Outstanding | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Common Class D | - | - | - | - | - | - | 0 | 0 | -7 | 7 | 0 | 0 | |||||
Shares Outstanding | - | - | - | - | - | - | 154 | - | - | - | - | - | |||||
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Interactive Financial Visualizations
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Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -1.79% | 21.66% | 8.36% | - | - | - | - | - | - | - | - | - |
| 2025 | 12.02% | 7.59% | -7.68% | 2.22% | -24.43% | -19.01% | 10.13% | 20.27% | 14.56% | -3.55% | -5.36% | 7.05% |
| 2024 | 11.39% | 30.31% | 19.67% | 2.58% | 7.41% | 17.57% | 20.01% | 19.19% | 34.47% | -23.56% | -38.51% | -26.86% |
| 2023 | - | - | - | -12.88% | -29.52% | -24.98% | 5.28% | 17.82% | 2.31% | 18.26% | 11.32% | 25.54% |
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Performance and Valuation Metrics
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Metrics | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Metric history beyond 3 years is for subscribers only. Unlock 17+ years of history across 90+ calculated metrics Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Liquidity Ratios | |||||||||||||||||
| Current Ratio | 1.35 | 1.33 | 1.49 | 1.52 | 1.64 | 1.95 | 1.76 | 1.90 | 2.19 | 2.29 | 1.49 | 1.83 | |||||
| Quick Ratio | 1.10 | 1.11 | 1.20 | 1.25 | 1.35 | 1.67 | 1.50 | 1.62 | 1.78 | 1.87 | 1.03 | 1.32 | |||||
| Working Capital | 91.41M | 85.31M | 116.88M | 116.68M | 126.65M | 186.14M | 154.87M | 161.62M | 181.51M | 188.54M | 67.14M | 100.60M | |||||
Leverage & Debt | |||||||||||||||||
| Debt to Equity | 2.46 | 2.37 | 2.35 | 3.13 | 2.37 | 3.29 | 2.27 | 2.23 | 3.24 | 3.30 | 1.61 | 2.92 | |||||
| Interest Coverage TTM | 6.35 | 5.79 | 5.69 | 5.17 | 4.82 | 4.02 | 3.93 | 3.51 | 2.94 | 2.34 | 1.43 | 1.44 | |||||
| Debt Ratio | 0.71 | 0.70 | 0.70 | 0.70 | 0.70 | 0.71 | 0.69 | 0.69 | 0.69 | 0.66 | 0.62 | 0.59 | |||||
Efficiency & Turnover | |||||||||||||||||
| Asset Turnover TTM | 0.61 | 0.60 | 0.59 | 0.57 | 0.56 | 0.56 | 0.60 | 0.59 | 0.60 | 0.63 | 0.65 | 0.66 | |||||
| Days Sales Outstanding TTM | 3.14 | 3.18 | 3.23 | 2.93 | 3.25 | 3.12 | 2.81 | 2.98 | 3.54 | 3.57 | 3.99 | 4.71 | |||||
| Receivables Turnover TTM | 116.19 | 114.96 | 113.03 | 124.66 | 112.25 | 116.86 | 129.91 | 122.31 | 103.02 | 102.13 | 91.59 | 77.57 | |||||
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | 0.87 | 0.93 | 0.93 | 0.97 | 0.85 | 0.67 | 0.64 | 0.32 | 0.28 | 0.32 | 0.16 | 0.01 | |||||
| Free Cash Flow Per Share TTM | 0.44 | 0.71 | 0.43 | 0.58 | 0.65 | 0.27 | 0.24 | -0.09 | -0.52 | -0.78 | -1.43 | -1.84 | |||||
| Dividend Per Share TTM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
Margin Metrics | |||||||||||||||||
| Gross Profit Margin TTM | 25.10% | 25.26% | 25.88% | 26.33% | 26.73% | 26.33% | 26.55% | 26.10% | 26.49% | 26.57% | 26.02% | 26.99% | |||||
| Operating Profit Margin TTM | 9.57% | 9.41% | 9.84% | 9.30% | 9.23% | 8.20% | 8.28% | 7.75% | 7.57% | 6.90% | 4.79% | 5.23% | |||||
| Net Profit Margin TTM | 6.24% | 6.78% | 7.16% | 8.00% | 7.46% | 6.01% | 5.19% | 3.11% | 2.56% | 2.53% | 1.03% | 0.08% | |||||
Growth Metrics | |||||||||||||||||
| Net Revenue Growth (1Y) | 29.65% | 28.39% | 27.88% | 28.93% | 29.80% | 30.42% | 32.64% | 30.53% | 31.97% | 33.09% | 30.68% | 0.91% | |||||
| Net Income Growth (1Y) | 8.52% | 44.70% | 76.49% | 231.62% | 278.17% | 210.05% | 567.70% | 5,203.00% | -1,738.10% | -313.55% | -151.69% | -104.11% | |||||
| EPS Growth (1Y) | 1.98% | 37.49% | 45.75% | 197.23% | 205.09% | 113.85% | 300.44% | 2,665.95% | -1,011.45% | -245.21% | -143.19% | -103.67% | |||||
Valuation Metrics | |||||||||||||||||
| P/E TTM | 82.19 | 54.37 | 65.42 | 54.07 | 79.80 | 91.11 | 81.59 | 98.35 | 147.42 | 104.14 | 197.54 | 1,974.62 | |||||
| P/B TTM | 9.91 | 7.00 | 8.55 | 10.12 | 10.36 | 12.45 | 7.10 | 4.84 | 8.29 | 6.59 | 2.91 | 4.16 | |||||
| P/S TTM | 5.13 | 3.69 | 4.68 | 4.32 | 5.95 | 5.48 | 4.23 | 3.06 | 3.77 | 2.63 | 2.04 | 1.51 | |||||
| Market Cap | 9.66B | 6.44B | 7.67B | 6.65B | 8.64B | 7.46B | 5.42B | 3.65B | 4.22B | 2.75B | 1.97B | 1.38B | |||||
| Enterprise Value | 9.59B | 6.38B | 7.60B | 6.59B | 8.60B | 7.44B | 5.38B | 3.62B | 4.22B | 2.74B | 1.94B | 1.34B | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | 58.64M | 90.80M | 54.41M | 74.07M | 81.56M | 32.30M | 24.69M | -10.49M | -53.26M | -64.61M | -88.54M | -108.96M | |||||
| Net Debt | -70.14M | -64.19M | -69.23M | -51.96M | -39.40M | -19.05M | -43.03M | -28.18M | -5.85M | -5.85M | -26.40M | -43.64M | |||||
Per-Share and Margin | |||||||||||||||||
| EPS TTM | |||||||||||||||||
| Adjusted EPS TTM | |||||||||||||||||
| Cash Flow Per Share TTM | |||||||||||||||||
| Pretax Margin TTM | |||||||||||||||||
| Stock Comp to Revenue TTM | |||||||||||||||||
Turnover Ratios and Averages | |||||||||||||||||
| Average Assets | |||||||||||||||||
| Average Equity | |||||||||||||||||
| Average Inventory | |||||||||||||||||
| Average Receivables | |||||||||||||||||
| Average Accounts Payables | |||||||||||||||||
| Inventory Turnover TTM | |||||||||||||||||
| Payables Turnover TTM | |||||||||||||||||
| Days Inventory Outstanding TTM | |||||||||||||||||
| Days Payables Outstanding TTM | |||||||||||||||||
| Cash Conversion Cycle TTM | |||||||||||||||||
| Working Capital to Revenue | |||||||||||||||||
| Deferred Revenue to Revenue | |||||||||||||||||
Growth Rates | |||||||||||||||||
| Total Assets Growth (1Y) | |||||||||||||||||
| Total Assets Growth (3Y) | |||||||||||||||||
| Total Assets Growth (5Y) | |||||||||||||||||
| Dividends Paid Growth (1Y) | |||||||||||||||||
| Dividends Paid Growth (3Y) | |||||||||||||||||
| Dividends Paid Growth (5Y) | |||||||||||||||||
| EPS Growth (3Y) | |||||||||||||||||
| EPS Growth (5Y) | |||||||||||||||||
| Net Income Growth (3Y) | |||||||||||||||||
| Net Income Growth (5Y) | |||||||||||||||||
| Net Profit Margin Growth (1Y) | |||||||||||||||||
| Net Profit Margin Growth (3Y) | |||||||||||||||||
| Net Profit Margin Growth (5Y) | |||||||||||||||||
| Net Revenue Growth (3Y) | |||||||||||||||||
| Net Revenue Growth (5Y) | |||||||||||||||||
| Deferred Revenue Growth (1Y) | |||||||||||||||||
| Retained Earnings Growth (1Y) | |||||||||||||||||
Credit, Liquidity, Returns, Payout | |||||||||||||||||
| Cash Ratio | |||||||||||||||||
| Net Working Capital | |||||||||||||||||
| Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to Equity | |||||||||||||||||
| Altman A | |||||||||||||||||
| Altman B | |||||||||||||||||
| Altman C | |||||||||||||||||
| Altman D | |||||||||||||||||
| Altman E | |||||||||||||||||
| Altman Z-Score | |||||||||||||||||
| ROA TTM | |||||||||||||||||
| ROE TTM | |||||||||||||||||
| NOPAT TTM | |||||||||||||||||
| ROIC TTM | |||||||||||||||||
| Effective Tax Rate TTM | |||||||||||||||||
| Payout Ratio TTM | |||||||||||||||||
| Dilution Ratio | |||||||||||||||||
| Retained Earnings to Equity | |||||||||||||||||
| Treasury Stock to Equity | |||||||||||||||||
| Treasury Stock Change (1Y) | |||||||||||||||||
| Accrued to Current Liabilities | |||||||||||||||||
| NCAV | |||||||||||||||||
| NCAV Per Share TTM | |||||||||||||||||
Valuation Ratios | |||||||||||||||||
| P/CF TTM | |||||||||||||||||
| Dividend Yield TTM | |||||||||||||||||
| Free Cash Flow Yield TTM | |||||||||||||||||
| EV EBITDA TTM | |||||||||||||||||
| EV EBIT TTM | |||||||||||||||||
| Stock Compensation TTM | |||||||||||||||||
| Adjusted Net Income TTM | |||||||||||||||||
| Billings TTM | |||||||||||||||||
| Total Debt | |||||||||||||||||
| Invested Capital | |||||||||||||||||
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Institutional Ownership
Dutch Bros Inc. (BROS) — SEC Financial Statements & Analysis
Dutch Bros Inc. (BROS) is a retail-eating & drinking places company, incorporated in DE. Dutch Bros Inc. trades on NYSE as: BROS. Based on its latest SEC filing (Form 10-Q, period ending 2026-06-30), Dutch Bros Inc. reported a 29.65% year-over-year revenue growth, a Gross Profit Margin of 25.10% (TTM), a Debt-to-Equity ratio of 2.46x, a Price-to-Sales (P/S) ratio of 5.13x (TTM), a Price-to-Book (P/B) ratio of 9.91x (TTM), at a market cap of $9.66B. Figures below are sourced from SEC EDGAR, as-filed.
- Net Revenue TTM Growth 1Y
- 29.65%
- Gross Profit Margin TTM
- 25.10%
- Debt To Equity
- 2.46x
- P/S TTM
- 5.13x
- P/B TTM
- 9.91x
- Market Cap
- $9.66B
Data as of 2026-06-30 · Source: SEC EDGAR
Frequently Asked Questions
What industry is Dutch Bros Inc. in?
Dutch Bros Inc. (BROS) operates in the Retail-Eating & Drinking Places industry.
What is BROS's market cap?
Dutch Bros Inc. (BROS) has a market capitalization of $9.66B as of 2026-06-30.
What is BROS's P/E ratio?
Dutch Bros Inc. (BROS)'s trailing twelve month P/E ratio is 82.19x as of 2026-06-30.
What exchange does BROS trade on?
Dutch Bros Inc. (BROS) trades on the NYSE.
Where is Dutch Bros Inc. incorporated?
Dutch Bros Inc. is incorporated in DE.