Dutch Bros Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $1.6B | $1.3B | $965.8M | $739.0M | $497.9M |
| Cost of revenue | $1.2B | $940.9M | $714.5M | $558.1M | $344.6M |
| Selling, general & administrative | $262.8M | $234.0M | $205.1M | $183.5M | $264.5M |
| Operating income | $161.2M | $106.1M | $46.2M | -$2.6M | -$111.2M |
| Pretax income | $135.6M | $84.9M | $16.9M | — | — |
| Income tax expense | $18.3M | $18.4M | $7.0M | $2.6M | -$1.6M |
| Net income | $79.8M | $35.3M | $1.7M | -$4.8M | -$12.7M |
| Balance Sheet | |||||
| Cash and equivalents | $269.4M | $293.4M | $133.5M | $20.2M | $18.5M |
| Current assets | $357.4M | $357.9M | $205.3M | $82.3M | $61.3M |
| Total assets | $3.0B | $2.5B | $1.8B | $1.2B | $553.7M |
| Current liabilities | $240.5M | $203.1M | $138.1M | $212.7M | $138.7M |
| Total liabilities | $2.1B | $1.7B | $1.1B | $934.4M | $340.0M |
| Stockholders' equity | $680.8M | $537.4M | $364.3M | $129.1M | $94.5M |
| Cash Flow Statement | |||||
| Cash from operations | $295.5M | $246.4M | $139.9M | $59.9M | $80.4M |
| Depreciation and amortization | $115.1M | $93.0M | $69.1M | $44.7M | $25.2M |
| Stock-based compensation | $18.0M | $11.5M | $39.2M | $41.7M | $157.7M |
| Capital expenditure | $241.1M | $221.7M | $228.5M | $187.9M | $118.4M |
| Free cash flow | $54.4M | $24.7M | -$88.5M | -$128.0M | -$38.1M |
| Share repurchases | — | $1,000 | $0 | $0 | $287.7M |
| Impairments | $0 | $0 | $0 | $0 | $0 |
Shares outstanding 174.6M · Free float 36.1%
Annual filing data through FY ended December 31, 2025; float as of July 16, 2026.