Dutch Bros Inc.

Dutch Bros Inc.

BROS
Dutch Bros Inc.US flagNew York Stock Exchange
46.58
USD
+0.34
- -
8.05BMarket Cap
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
5.1
7
10.86
14.25
15.56
12.38
13.07
14.6
Basic EPS, GAAP
0.61
- -
-0.28
-0.09
0.03
0.34
0.64
0.72
Free Cash Flow per Basic Share
0.37
0.28
-0.83
-2.47
-1.43
0.24
0.43
0.74
Dividend per Share
0.14
0.17
4.65
- -
- -
- -
- -
- -
Book Value per Share
1.67
1.62
1.9
2.23
4.52
4.66
5.36
4.57
Tangible Book Value per Share
1.09
1
1.3
1.7
4.18
4.63
5.35
4.57
Basic Weighted Avg Shares
47
47
46
52
62
104
125
129
Sales/Revenue/Turnover
238
327
498
739
966
1,281
1,638
1,882
Operating Margin (%)
12.71
3.36
-22.34
-0.35
4.79
8.28
9.84
9.57
Depreciation Expense
10
16
25
45
69
93
115
135
Net Income, GAAP
28
- -
-13
-5
2
35
80
92
Effective Tax Rate (%)
0.31
12.22
- -
- -
41.18
21.72
13.53
16.28
Profit Margin (%)
11.91
- -
-2.55
-0.64
0.18
2.75
4.87
4.91
Working Capital
4
3
-77
-130
67
155
117
91
LT Debt
44
74
83
495
652
898
1,049
1,162
Total Equity
78
76
214
252
676
764
898
975
Return on Invested Capital (%)
- -
6.5
- -
- -
2.44
5.43
7.55
7.52
Return on Capital (%)
- -
-1.87
- -
- -
1.12
1.65
3.62
3.84
Return on Common Equity (%)
- -
- -
-14.87
-4.25
0.7
7.82
13.11
12.88

Capital Structure

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
40
43
46
LT Borrowings
196
195
195
LT Finance Leases
852
922
967
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
127
127
175
Market Capitalization
7,778
6,449
12,542

Working Capital

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
357
340
352
Cash, Cash Equivalents & STI
269
264
269
Accounts Receivable, Net
18
19
19
Inventories
49
37
41
Total Current Liabilities
240
255
261
Payables & Accruals
38
99
114
ST Debt
40
43
46
Deferred Revenue
56
57
47

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
79.59%
17.54%
Free Cash Flow
- -
-39.12%
120.34%
Net Income, GAAP
- -
347.08%
126.45%
Sales/Revenue/Turnover
- -
38.34%
27.88%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
275
325
338
343
1,281
2025
355
416
424
444
1,638
2026
464
551
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.08
0.12
0.11
0.03
0.34
2025
0.13
0.2
0.14
0.17
0.64
2026
0.13
0.28
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
Christine Barone
Full Time Employees
27,000
Sector
Consumer Cyclical
Industry
Restaurants
Address
1930 W Rio Salado Pkwy Tempe AZ United States of America 85281
IPO Date
Sep 15, 2021
Business
Dutch Bros Inc. (NYSE: BROS) operates and franchises drive-thru coffee shops focused on hand-crafted beverages with an emphasis on speed and service. The company offers espresso-based drinks including hot and cold options; cold brew coffee; proprietary Blue Rebel energy drinks; teas; lemonades; smoothies; freezes; hot cocoa; and limited snacks such as muffin tops and granola bars. Dutch Bros serves a broad customer base including commuters, students, and younger adults through its customizable menu featuring unique flavor combinations and seasonal specials. Founded in 1992 by brothers Dane and Travis Boersma with a pushcart in Grants Pass, Oregon, Dutch Bros is headquartered in Tempe, Arizona, following a relocation announced in June 2025 after initial moves in 2024. The company operates approximately 1,081 locations across 24 states, primarily in the western U.S. with expansion reaching Florida, through a mix of company-owned and franchised shops; it shifted away from new franchising in 2017 to prioritize company-operated growth. Recent developments include a licensing agreement with Trilliant Food & Nutrition LLC announced in early 2025 to launch Dutch Bros-branded coffee and beverages in 50,000 U.S. retail outlets; opening of a 65,000-square-foot distribution and roasting center in Melissa, Texas, in 2024; strong Q3 2025 financial results with 25% year-over-year revenue growth and 5.7% same-shop sales increase; and ambitious expansion plans targeting 2,029 shops by 2029 supported by mobile ordering enhancements introduced late 2024 and a planned food menu expansion in 2026.

Company News

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  • Coffee Prices Are High. Why Ground Coffee Is Holding Up Better Than K-Cups.

  • BROS Stock Slips 22% in a Month: Should Investors Buy the Dip or Wait?

  • Wall Street Breakfast Podcast: Coffee Rally Hits PSL Season

  • Dutch Bros Raises 2026 Outlook as Traffic and Expansion Accelerate

  • Is Dutch Bros Worth Buying as Growth Surges but Valuation Stays Rich?

  • BROS Falls 22.9% in a Month While Growth Holds and Cost Risks Rise

  • Starbucks Is Up 25% This Year While Dutch Bros Lags. Is the Gap Justified?

  • Dutch Bros® Brings Back Fall Favorites with an Exciting New Autumn Addition

  • Dutch Bros Inc. (NYSE:BROS) Receives Average Rating of “Moderate Buy” from Analysts

  • Dutch Bros: The Business Keeps Getting Better, Yet the Multiple Keeps Shrinking

  • Dutch Bros Stock: Buy or Sell?