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NYSE · RETAIL-EATING & DRINKING PLACES · LARGE CAP

Dutch Bros Inc. BROS

7 fiscal years on record · USD · FY2025 reported · SEC filings only
$1.6B
▲ 27.9% YoY
$79.8M
▲ 126.5% YoY
$54.4M
▲ 120.3% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Dutch Bros Inc. operates and franchises drive-thru shops that serve hand-crafted beverages. It sells a wide range of customizable hot, iced, and blended beverages, as well as certain food offerings. As of December 31, 2025, it had 1,136 shops, of which 811 were company-operated and 325 were franchise, across 25 states. As of December 31, 2025, Dutch Bros and its franchise partners had approximately 32,000 employees, of which approximately 23,000 were in company-operated shops and headquarters. It roasts its coffee in roasting facilities in Grants Pass, Oregon and Melissa, Texas. Founded in 1992 by brothers Dane and Travis Boersma, Dutch Bros began with a double-head espresso machine and a pushcart in Grants Pass, Oregon.

Written from the business description in Dutch Bros Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 13 February 2026. Every sentence was checked against that document before publication.

Growth

USD 1.6B
Revenue, FY2025 · full 7-year series below
Revenue $B Net income $B
FY2025 · Revenue 1.6 · Net income 0.1
1B2B
201920222025
Compound annual growth
+30.4%
+38.0%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +38.0% a year over the five years to FY2025.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

7 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 9.8% · Net 7.2%
5%10%-10%-20%
201920222025
ROE
FY2025 · ROE 13.1%
5%10%-5%-10%
201920222025
Three returns, three denominators.

Each USD of equity produced 13 cents of profit this year.

Cash & shareholders

·
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 54.4
20M40M-50M-100M
201920222025

Total assetsUSD 3.0B
EquityUSD 680.8M
CashUSD 269.4M
Gross debtUSD 200.2M
Net debtUSD -69.2M
Current ratio1.49×

The company holds more cash than debt.

The 7-year record

7 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
BROS, 7-year financial record
Metric 2025202420232022202120202019
Revenue $B1.61.31.00.70.50.30.2
Operating income $B0.20.10.0−0.0−0.10.00.0
EBITDA $B0.30.20.10.0−0.10.00.0
Income tax $B0.00.00.00.0−0.00.00.0
Net income $B0.10.00.0−0.0−0.00.00.0
Free cash flow $B0.10.0−0.1−0.1−0.00.00.0
EPS, diluted $0.640.340.03−0.09−0.28◌◌
Dividend / sh $◌◌◌◌◌◌◌
Payout % — not applicable: no dividend———————
ROE %13.17.80.7−4.3−14.90.0◌
Shares out B◌0.15◌◌◌◌◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

Other companies filing in the same sector

Provenance

Company facts, as filed

How we verify · 0 failures in 24 reconciliationsAUDITED

Reconciled in 7 of the 7 fiscal years we could check. 26 checks were skipped: the balance sheet is not tagged before 2020. 14 checks were skipped: EPS is not tagged before 2021. 12 checks were skipped: revenue is not tagged before 2019.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityRetail-Eating & Drinking Places
Listed onNYSE
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2019

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