Dutch Bros (BROS) Financials

$72.43 +2.70 (+3.87%)

Closing price 05/30/2025 03:59 PM Eastern

Extended Trading

$72.36 -0.08 (-0.10%)

As of 05/30/2025 07:59 PM Eastern

Annual Income Statements for Dutch Bros

This table shows Dutch Bros' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Net Income / (Loss) Attributable to Common Shareholders	35	1.72	-4.75	-13	0.00	0.00
Consolidated Net Income / (Loss)	66	9.95	-19	-118	6.06	28
Net Income / (Loss) Continuing Operations	66	9.95	-19	-118	6.06	28
Total Pre-Tax Income	85	17	-17	-120	6.90	28
Total Operating Income	106	46	-2.61	-111	11	30
Total Gross Profit	340	251	181	153	116	96
Total Revenue	1,281	966	739	498	327	238
Operating Revenue	1,281	966	739	498	327	238
Total Cost of Revenue	941	714	558	345	211	142
Operating Cost of Revenue	941	714	558	345	211	142
Total Operating Expenses	234	205	184	265	105	66
Selling, General & Admin Expense	234	205	184	265	105	66
Total Other Income / (Expense), net	-21	-29	-14	-8.33	-4.10	-1.82
Interest & Investment Income	-27	-32	-18	-7.09	-3.74	-2.35
Other Income / (Expense), net	5.81	3.02	3.98	-1.24	-0.36	0.52
Income Tax Expense	18	6.97	2.60	-1.63	0.84	0.09
Net Income / (Loss) Attributable to Noncontrolling Interest	31	8.23	-15	-38	0.00	0.00
Basic Earnings per Share	$0.34	$0.03	($0.09)	($0.28)	$0.00	$0.00
Weighted Average Basic Shares Outstanding	103.50M	62.07M	51.87M	45.86M	0.00	0.00
Diluted Earnings per Share	$0.34	$0.03	($0.09)	($0.28)	$0.00	$0.00
Weighted Average Diluted Shares Outstanding	104.13M	62.07M	51.87M	45.86M	0.00	0.00
Weighted Average Basic & Diluted Shares Outstanding	154.20M	177.15M	163.83M	163.70M	-	-

This table shows Dutch Bros' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	15	3.61	13	12	7.06	-1.40	4.21	2.75	-3.84	-0.66	1.76
Consolidated Net Income / (Loss)	22	6.37	22	22	16	-3.77	13	9.71	-9.39	-2.82	1.59
Net Income / (Loss) Continuing Operations	22	6.37	22	22	16	-3.77	13	9.71	-9.39	-2.82	1.59
Total Pre-Tax Income	24	7.47	26	26	25	-3.06	15	12	-6.81	2.48	-1.78
Total Operating Income	31	16	33	32	26	2.18	25	20	-0.23	3.77	5.18
Total Gross Profit	90	88	90	90	72	59	75	71	46	54	51
Total Revenue	355	343	338	325	275	254	265	250	197	202	199
Operating Revenue	355	343	338	325	275	254	265	250	197	202	199
Total Cost of Revenue	265	255	248	235	203	195	189	179	152	147	148
Operating Cost of Revenue	265	255	248	235	203	195	189	179	152	147	148
Total Operating Expenses	59	72	58	58	46	57	50	52	46	51	45
Selling, General & Admin Expense	59	72	58	58	46	57	50	52	46	51	45
Total Other Income / (Expense), net	-7.13	-8.34	-6.11	-6.17	-0.59	-5.24	-9.47	-8.02	-6.58	-1.28	-6.96
Interest & Investment Income	-7.12	-6.76	-6.87	-7.00	-6.39	-6.05	-9.33	-9.06	-7.89	-6.92	-5.01
Other Income / (Expense), net	-0.02	-1.58	0.76	0.83	5.80	0.81	-0.14	1.04	1.31	5.64	-1.94
Income Tax Expense	1.46	1.11	4.70	3.86	8.77	0.71	1.83	1.85	2.58	5.30	-3.37
Net Income / (Loss) Attributable to Noncontrolling Interest	7.13	2.76	9.07	10	9.15	-2.37	9.19	6.96	-5.55	-2.15	-0.17
Basic Earnings per Share	$0.13	$0.03	$0.11	$0.12	$0.08	($0.02)	$0.07	$0.05	($0.07)	-	$0.03
Weighted Average Basic Shares Outstanding	120.81M	103.50M	113.82M	101.97M	83.33M	62.07M	59.37M	56.73M	56.66M	51.87M	53.12M
Diluted Earnings per Share	$0.13	$0.03	$0.11	$0.12	$0.08	($0.02)	$0.07	$0.05	($0.07)	-	$0.03
Weighted Average Diluted Shares Outstanding	121.51M	104.13M	114.25M	102.36M	83.41M	62.07M	60.21M	57.43M	56.66M	51.87M	54.42M
Weighted Average Basic & Diluted Shares Outstanding	164.48M	154.20M	154.19M	154.19M	177.18M	177.15M	177.12M	163.84M	163.83M	163.83M	163.71M

This table details how cash moves in and out of Dutch Bros' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Net Change in Cash & Equivalents	160	113	1.67	-13	16	4.07
Net Cash From Operating Activities	246	140	60	80	54	57
Net Cash From Continuing Operating Activities	245	140	60	80	54	57
Net Income / (Loss) Continuing Operations	66	9.95	-19	-118	6.06	28
Consolidated Net Income / (Loss)	66	9.95	-19	-118	6.06	28
Depreciation Expense	93	69	45	25	16	9.67
Non-Cash Adjustments To Reconcile Net Income	15	40	39	160	36	7.09
Changes in Operating Assets and Liabilities, net	70	21	-4.33	13	-3.71	12
Net Cash From Investing Activities	-212	-227	-193	-121	-46	-40
Net Cash From Continuing Investing Activities	-212	-227	-193	-121	-46	-40
Purchase of Property, Plant & Equipment	-222	-228	-188	-118	-41	-39
Acquisitions	0.00	0.00	-6.05	-5.39	-5.09	-0.53
Sale of Property, Plant & Equipment	9.67	1.18	1.36	2.74	0.10	0.05
Net Cash From Financing Activities	125	201	134	28	8.08	-13
Net Cash From Continuing Financing Activities	125	201	134	28	8.08	-13
Repayment of Debt	-14	-207	-15	-245	-29	-6.06
Payment of Dividends	-1.89	0.00	0.00	-213	-7.75	-6.63
Issuance of Debt	152	92	159	266	45	0.00
Issuance of Common Equity	0.00	331	0.00	525	0.00	0.00
Other Financing Activities, net	-12	-15	-9.99	-18	0.00	0.00
Cash Interest Paid	39	35	18	7.35	3.83	2.42
Cash Income Taxes Paid	2.25	1.73	1.32	0.89	0.34	0.10

This table details how cash moves in and out of Dutch Bros' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	23	12	20	-1.80	129	-16	126	9.42	-5.88	-14	13
Net Cash From Operating Activities	37	62	83	60	41	45	49	43	3.08	17	26
Net Cash From Continuing Operating Activities	37	60	83	60	41	45	49	43	3.08	17	26
Net Income / (Loss) Continuing Operations	22	6.37	22	22	16	-3.77	13	9.71	-9.39	-2.82	1.59
Consolidated Net Income / (Loss)	22	6.37	22	22	16	-3.77	13	9.71	-9.39	-2.82	1.59
Depreciation Expense	26	26	24	22	21	20	18	17	15	13	12
Non-Cash Adjustments To Reconcile Net Income	6.56	8.86	4.89	4.11	-2.57	11	11	9.86	7.95	5.09	13
Changes in Operating Assets and Liabilities, net	-19	20	33	11	6.30	18	6.99	6.68	-10	1.64	-0.18
Net Cash From Investing Activities	-46	-43	-56	-56	-57	-60	-65	-59	-43	-53	-51
Net Cash From Continuing Investing Activities	-46	-43	-56	-56	-57	-60	-65	-59	-43	-53	-51
Purchase of Property, Plant & Equipment	-46	-43	-57	-64	-57	-61	-65	-59	-43	-53	-51
Sale of Property, Plant & Equipment	0.02	0.06	0.94	8.67	0.00	0.91	0.02	0.01	0.24	0.09	-
Net Cash From Financing Activities	32	-7.31	-7.13	-5.56	145	-1.43	142	26	34	22	38
Net Cash From Continuing Financing Activities	32	-7.31	-7.13	-5.56	145	-1.43	142	26	34	21	38
Repayment of Debt	-3.78	-5.60	-3.15	-3.15	-1.59	-0.66	-205	-0.65	-0.65	-11	-0.65
Issuance of Debt	50	2.45	-	-	150	1.65	20	30	40	35	40
Other Financing Activities, net	-14	-2.95	-3.29	-2.40	-2.97	-2.42	-4.09	-3.68	-5.27	-2.94	-1.36
Cash Interest Paid	9.82	9.98	10	10	8.41	7.31	10	9.48	7.83	7.48	4.60
Cash Income Taxes Paid	0.18	0.43	1.05	0.78	0.00	0.28	0.14	0.28	1.03	0.18	0.40

This table presents Dutch Bros' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020
Total Assets	2,501	1,764	1,186	554	260
Total Current Assets	358	205	82	61	63
Cash & Equivalents	293	134	20	19	32
Accounts Receivable	11	9.12	12	11	11
Inventories, net	36	47	39	23	16
Prepaid Expenses	18	16	11	8.80	5.02
Plant, Property, & Equipment, net	684	542	365	302	165
Total Noncurrent Assets	1,459	1,016	739	190	31
Noncurrent Note & Lease Receivables	375	383	248	0.00	-
Goodwill	22	22	22	19	18
Intangible Assets	2.95	5.42	8.80	11	11
Noncurrent Deferred & Refundable Income Taxes	742	403	289	159	0.19
Other Noncurrent Operating Assets	318	204	171	1.56	1.57
Total Liabilities & Shareholders' Equity	2,501	1,764	1,186	554	260
Total Liabilities	1,737	1,088	934	340	184
Total Current Liabilities	203	138	213	139	60
Short-Term Debt	17	4.49	113	68	21
Accounts Payable	32	30	21	20	16
Accrued Expenses	27	16	9.67	21	10
Current Deferred Revenue	43	30	25	23	11
Current Deferred & Payable Income Tax Liabilities	0.07	0.00	-	0.45	0.00
Current Employee Benefit Liabilities	50	31	20	-	-
Other Current Liabilities	34	26	23	6.47	1.43
Total Noncurrent Liabilities	1,534	950	722	201	124
Long-Term Debt	220	93	96	3.50	24
Capital Lease Obligations	369	559	237	80	50
Noncurrent Deferred Revenue	8.02	6.68	6.12	8.18	7.49
Noncurrent Deferred & Payable Income Tax Liabilities	628	291	221	109	0.00
Other Noncurrent Operating Liabilities	309	0.01	161	0.68	0.47
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	764	676	252	214	76
Total Preferred & Common Equity	537	364	129	95	76
Preferred Stock	0.00	0.00	0.00	0.00	0.00
Total Common Equity	537	364	129	95	76
Common Stock	517	379	146	107	76
Retained Earnings	20	-16	-17	-13	0.00
Accumulated Other Comprehensive Income / (Loss)	0.63	0.54	0.81	0.00	-
Noncontrolling Interest	226	312	123	119	0.00

This table presents Dutch Bros' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	2,765	2,432	2,377	2,073	1,639	1,368	1,265	1,129
Total Current Assets	383	342	335	335	221	95	81	94
Cash & Equivalents	316	281	261	263	150	24	14	35
Accounts Receivable	12	10	12	12	9.14	9.38	8.78	14
Inventories, net	38	38	47	45	50	48	44	34
Prepaid Expenses	17	12	15	15	12	14	14	11
Plant, Property, & Equipment, net	706	663	628	585	499	447	403	328
Total Noncurrent Assets	1,676	1,427	1,415	1,153	919	827	781	708
Noncurrent Note & Lease Receivables	378	378	381	381	365	333	289	215
Goodwill	22	22	22	22	22	22	22	22
Intangible Assets	2.44	3.46	3.96	4.62	6.22	7.04	7.89	9.83
Noncurrent Deferred & Refundable Income Taxes	930	719	722	507	330	285	286	293
Other Noncurrent Operating Assets	344	306	287	238	196	181	176	168
Total Liabilities & Shareholders' Equity	2,765	2,432	2,377	2,073	1,639	1,368	1,265	1,129
Total Liabilities	1,969	1,679	1,647	1,377	968	1,098	1,016	885
Total Current Liabilities	197	180	153	147	121	294	253	190
Short-Term Debt	23	16	14	13	3.86	184	154	88
Accounts Payable	32	32	36	39	28	25	24	27
Accrued Expenses	22	26	19	17	40	36	28	23
Current Deferred Revenue	40	36	31	29	22	22	22	29
Current Deferred & Payable Income Tax Liabilities	5.21	-	-	-	-	-	-	0.45
Current Employee Benefit Liabilities	33	39	32	23	-	-	-	-
Other Current Liabilities	43	32	20	26	27	27	25	23
Total Noncurrent Liabilities	1,772	1,498	1,494	1,231	848	804	763	695
Long-Term Debt	261	224	229	234	93	95	96	97
Capital Lease Obligations	709	663	653	595	530	485	442	367
Noncurrent Deferred Revenue	7.99	6.37	7.12	6.31	5.52	5.96	6.10	5.12
Noncurrent Deferred & Payable Income Tax Liabilities	794	605	605	396	219	219	220	226
Other Noncurrent Operating Liabilities	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.66
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	796	753	730	696	671	270	249	244
Total Preferred & Common Equity	599	523	509	417	332	135	128	126
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	599	523	509	417	332	135	128	126
Common Stock	564	507	505	425	345	153	149	141
Retained Earnings	35	16	3.41	-8.53	-14	-18	-21	-17
Accumulated Other Comprehensive Income / (Loss)	0.44	0.31	1.07	0.93	1.09	0.91	0.59	0.85
Noncontrolling Interest	197	230	221	279	339	135	120	118

This table displays calculated financial ratios and metrics derived from Dutch Bros' official financial filings.

Metric	2024	2023	2022	2021	2020	2019
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Growth Metrics	-	-	-	-	-	-
Revenue Growth	32.64%	30.68%	48.43%	52.06%	37.36%	0.00%
EBITDA Growth	73.10%	156.82%	152.83%	-433.34%	-35.36%	0.00%
EBIT Growth	127.26%	3,509.97%	101.21%	-1,157.31%	-65.49%	0.00%
NOPAT Growth	205.47%	1,587.01%	97.65%	-906.30%	-68.03%	0.00%
Net Income Growth	567.71%	151.69%	83.67%	-2,046.70%	-78.66%	0.00%
EPS Growth	1,033.33%	133.33%	67.86%	0.00%	0.00%	0.00%
Operating Cash Flow Growth	76.13%	133.65%	-25.50%	50.10%	-5.56%	0.00%
Free Cash Flow Firm Growth	141.64%	-47.44%	-17.70%	-119.00%	0.00%	0.00%
Invested Capital Growth	-10.20%	76.70%	96.21%	148.01%	0.00%	0.00%
Revenue Q/Q Growth	7.44%	5.72%	9.12%	0.00%	0.00%	0.00%
EBITDA Q/Q Growth	9.07%	0.10%	94.10%	0.00%	0.00%	0.00%
EBIT Q/Q Growth	11.17%	-11.52%	108.93%	0.00%	0.00%	0.00%
NOPAT Q/Q Growth	18.60%	17.15%	80.61%	0.00%	0.00%	0.00%
Net Income Q/Q Growth	18.00%	-8.73%	21.75%	0.00%	0.00%	0.00%
EPS Q/Q Growth	17.24%	-40.00%	30.77%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	7.52%	24.90%	17.79%	-3.38%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	231.07%	-35.79%	0.00%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	-21.64%	4.50%	-10.82%	0.00%	0.00%	0.00%
Profitability Metrics	-	-	-	-	-	-
Gross Margin	26.55%	26.02%	24.48%	30.79%	35.41%	40.30%
EBITDA Margin	16.00%	12.26%	6.24%	-17.52%	7.99%	16.99%
Operating Margin	8.28%	4.79%	-0.35%	-22.34%	3.36%	12.71%
EBIT Margin	8.74%	5.10%	0.18%	-22.59%	3.25%	12.93%
Profit (Net Income) Margin	5.19%	1.03%	-2.61%	-23.69%	1.85%	11.91%
Tax Burden Percent	78.28%	58.82%	115.61%	98.64%	87.78%	99.69%
Interest Burden Percent	75.85%	34.36%	-1,220.97%	106.31%	64.88%	92.39%
Effective Tax Rate	21.72%	41.18%	0.00%	0.00%	12.22%	0.31%
Return on Invested Capital (ROIC)	7.30%	2.90%	-0.36%	-32.08%	13.85%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	3.33%	-0.73%	-6.59%	-73.04%	2.51%	0.00%
Return on Net Nonoperating Assets (RNNOA)	1.93%	-0.75%	-7.91%	-49.33%	2.10%	0.00%
Return on Equity (ROE)	9.23%	2.15%	-8.27%	-81.41%	15.94%	0.00%
Cash Return on Invested Capital (CROIC)	18.05%	-52.54%	-65.32%	-117.14%	-186.15%	0.00%
Operating Return on Assets (OROA)	5.25%	3.34%	0.16%	-27.65%	4.10%	0.00%
Return on Assets (ROA)	3.12%	0.67%	-2.21%	-29.00%	2.33%	0.00%
Return on Common Equity (ROCE)	5.78%	1.14%	-3.97%	-47.91%	15.94%	0.00%
Return on Equity Simple (ROE_SIMPLE)	12.37%	2.73%	-14.91%	-124.77%	7.97%	0.00%
Net Operating Profit after Tax (NOPAT)	83	27	-1.83	-78	9.66	30
NOPAT Margin	6.48%	2.82%	-0.25%	-15.64%	2.95%	12.67%
Net Nonoperating Expense Percent (NNEP)	3.97%	3.63%	6.24%	40.96%	11.34%	0.00%
Return On Investment Capital (ROIC_SIMPLE)	6.06%	2.04%	-0.26%	-	-	-
Cost of Revenue to Revenue	73.45%	73.98%	75.52%	69.21%	64.59%	59.70%
SG&A Expenses to Revenue	18.27%	21.23%	24.83%	53.13%	32.05%	27.59%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	18.27%	21.23%	24.83%	53.13%	32.05%	27.59%
Earnings before Interest and Taxes (EBIT)	112	49	1.36	-112	11	31
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	205	118	46	-87	26	40
Valuation Ratios	-	-	-	-	-	-
Price to Book Value (P/BV)	15.03	15.40	35.74	88.11	6.37	0.00
Price to Tangible Book Value (P/TBV)	15.75	16.63	46.76	128.72	10.39	0.00
Price to Revenue (P/Rev)	6.30	5.81	6.24	16.73	1.48	2.03
Price to Earnings (P/E)	229.07	3,264.99	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.44%	0.03%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	8.00	5.37	7.61	24.80	3.93	0.00
Enterprise Value to Revenue (EV/Rev)	6.73	6.67	6.99	17.23	1.67	0.00
Enterprise Value to EBITDA (EV/EBITDA)	42.05	54.44	112.05	0.00	20.93	0.00
Enterprise Value to EBIT (EV/EBIT)	76.99	130.87	3,786.30	0.00	51.49	0.00
Enterprise Value to NOPAT (EV/NOPAT)	103.74	237.02	0.00	0.00	56.72	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	34.96	46.06	86.24	106.74	10.23	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	41.94	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-
Debt to Equity	0.79	0.97	1.77	0.71	1.25	0.00
Long-Term Debt to Equity	0.77	0.97	1.32	0.39	0.97	0.00
Financial Leverage	0.58	1.02	1.20	0.68	0.84	0.00
Leverage Ratio	2.96	3.18	3.74	2.81	3.42	0.00
Compound Leverage Factor	2.25	1.09	-45.62	2.98	2.22	0.00
Debt to Total Capital	44.25%	49.28%	63.95%	41.35%	55.59%	0.00%
Short-Term Debt to Total Capital	1.26%	0.34%	16.24%	18.55%	12.34%	0.00%
Long-Term Debt to Total Capital	42.99%	48.95%	47.71%	22.80%	43.25%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	16.53%	23.38%	17.58%	32.71%	0.00%	0.00%
Common Equity to Total Capital	39.22%	27.34%	18.48%	25.94%	44.41%	0.00%
Debt to EBITDA	2.96	5.55	9.70	-1.73	3.63	0.00
Net Debt to EBITDA	1.53	4.42	9.26	-1.52	2.43	0.00
Long-Term Debt to EBITDA	2.87	5.51	7.23	-0.95	2.83	0.00
Debt to NOPAT	7.30	24.16	-244.42	-1.94	9.85	0.00
Net Debt to NOPAT	3.77	19.25	-233.39	-1.70	6.57	0.00
Long-Term Debt to NOPAT	7.09	23.99	-182.36	-1.07	7.66	0.00
Altman Z-Score	3.53	3.77	3.44	14.73	2.99	0.00
Noncontrolling Interest Sharing Ratio	37.37%	46.82%	51.98%	41.15%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-
Current Ratio	1.76	1.49	0.39	0.44	1.05	0.00
Quick Ratio	1.50	1.03	0.15	0.21	0.71	0.00
Cash Flow Metrics	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	205	-493	-335	-284	-130	0.00
Operating Cash Flow to CapEx	116.20%	61.56%	32.11%	69.47%	132.30%	143.85%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-
Asset Turnover	0.60	0.65	0.85	1.22	1.26	0.00
Accounts Receivable Turnover	129.91	91.59	65.37	46.36	30.21	0.00
Inventory Turnover	22.55	16.58	17.84	17.70	13.57	0.00
Fixed Asset Turnover	2.09	2.13	2.21	2.13	1.98	0.00
Accounts Payable Turnover	30.26	27.89	26.76	18.86	13.14	0.00
Days Sales Outstanding (DSO)	2.81	3.99	5.58	7.87	12.08	0.00
Days Inventory Outstanding (DIO)	16.18	22.01	20.46	20.62	26.89	0.00
Days Payable Outstanding (DPO)	12.06	13.08	13.64	19.35	27.77	0.00
Cash Conversion Cycle (CCC)	6.93	12.91	12.41	9.14	11.20	0.00
Capital & Investment Metrics	-	-	-	-	-	-
Invested Capital	1,077	1,199	679	346	139	0.00
Invested Capital Turnover	1.13	1.03	1.44	2.05	4.70	0.00
Increase / (Decrease) in Invested Capital	-122	521	333	206	139	0.00
Enterprise Value (EV)	8,616	6,444	5,165	8,579	548	0.00
Market Capitalization	8,077	5,609	4,615	8,328	484	484
Book Value per Share	$3.49	$2.06	$0.79	$0.58	$3.61	$0.00
Tangible Book Value per Share	$3.33	$1.90	$0.60	$0.40	$2.21	$0.00
Total Capital	1,370	1,333	699	364	171	0.00
Total Debt	606	657	447	151	95	0.00
Total Long-Term Debt	589	652	333	83	74	0.00
Net Debt	313	523	427	132	63	0.00
Capital Expenditures (CapEx)	212	227	187	116	40	39
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-121	-62	-37	-28	-7.32	0.00
Debt-free Net Working Capital (DFNWC)	172	72	-17	-9.85	24	0.00
Net Working Capital (NWC)	155	67	-130	-77	3.20	0.00
Net Nonoperating Expense (NNE)	17	17	17	40	3.60	1.82
Net Nonoperating Obligations (NNO)	313	523	427	132	63	0.00
Total Depreciation and Amortization (D&A)	93	69	45	25	16	9.67
Debt-free, Cash-free Net Working Capital to Revenue	-9.46%	-6.41%	-5.01%	-5.69%	-2.23%	0.00%
Debt-free Net Working Capital to Revenue	13.44%	7.42%	-2.28%	-1.98%	7.43%	0.00%
Net Working Capital to Revenue	12.09%	6.95%	-17.64%	-15.55%	0.98%	0.00%
Earnings Adjustments	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.34	$0.03	($0.09)	($0.28)	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	103.50M	62.07M	51.87M	45.86M	0.00	0.00
Adjusted Diluted Earnings per Share	$0.34	$0.03	($0.09)	($0.28)	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	104.13M	62.07M	51.87M	45.86M	0.00	0.00
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	154.20M	177.15M	163.83M	163.70M	0.00	0.00
Normalized Net Operating Profit after Tax (NOPAT)	83	27	-1.83	-78	9.66	30
Normalized NOPAT Margin	6.48%	2.82%	-0.25%	-15.64%	2.95%	12.67%
Pre Tax Income Margin	6.63%	1.75%	-2.25%	-24.01%	2.11%	11.95%
Debt Service Ratios	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-
Dividend Payout Ratio	2.84%	0.00%	0.00%	-180.88%	127.93%	23.34%
Augmented Payout Ratio	2.84%	0.00%	0.00%	-424.80%	127.93%	23.34%

This table displays calculated financial ratios and metrics derived from Dutch Bros' official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	29.10%	34.89%	27.87%	30.03%	39.46%	25.91%	33.15%	34.07%	29.65%	44.08%	53.04%
EBITDA Growth	9.22%	75.01%	33.96%	49.08%	231.99%	0.50%	183.63%	179.87%	428.78%	8,763.14%	113.80%
EBIT Growth	-1.04%	375.86%	35.53%	60.10%	2,819.07%	-68.19%	659.25%	655.31%	107.68%	229.98%	102.79%
NOPAT Growth	75.78%	783.51%	23.02%	66.66%	10,321.16%	135.69%	499.51%	780.28%	98.37%	13.93%	104.52%
Net Income Growth	38.64%	268.93%	62.02%	128.15%	272.67%	-33.79%	740.72%	654.60%	42.31%	65.51%	101.36%
EPS Growth	62.50%	250.00%	57.14%	140.00%	214.29%	0.00%	133.33%	350.00%	30.00%	0.00%	112.50%
Operating Cash Flow Growth	-10.46%	38.28%	70.12%	39.21%	1,238.74%	162.98%	88.31%	144.81%	507.01%	112.06%	61.78%
Free Cash Flow Firm Growth	49.21%	126.17%	45.17%	30.73%	28.86%	-53.98%	21.05%	8.68%	0.39%	0.00%	-23.01%
Invested Capital Growth	15.53%	-10.20%	19.76%	35.18%	37.68%	76.70%	50.79%	94.15%	101.73%	96.21%	157.67%
Revenue Q/Q Growth	3.61%	1.35%	4.09%	18.11%	8.25%	-3.93%	5.85%	26.67%	-2.26%	1.60%	6.58%
EBITDA Q/Q Growth	44.60%	-30.45%	3.25%	5.19%	131.71%	-46.77%	14.90%	134.24%	-29.85%	50.23%	13.38%
EBIT Q/Q Growth	118.18%	-57.23%	0.81%	5.20%	949.15%	-87.82%	19.08%	1,818.14%	-88.57%	190.79%	18.46%
NOPAT Q/Q Growth	116.52%	-49.59%	-2.47%	65.12%	988.26%	-92.98%	32.13%	10,226.98%	96.20%	-217.92%	94.01%
Net Income Q/Q Growth	253.07%	-70.68%	-2.00%	36.64%	530.22%	-128.12%	38.00%	203.41%	-233.37%	-276.73%	191.03%
EPS Q/Q Growth	333.33%	-72.73%	-8.33%	50.00%	500.00%	-128.57%	40.00%	171.43%	0.00%	0.00%	250.00%
Operating Cash Flow Q/Q Growth	-40.74%	-25.43%	40.19%	44.53%	-8.48%	-8.26%	14.72%	1,289.86%	-82.02%	-34.31%	49.15%
Free Cash Flow Firm Q/Q Growth	-224.22%	167.92%	39.00%	1.30%	-1.41%	-42.27%	22.93%	-1.36%	-38.55%	27.05%	10.86%
Invested Capital Q/Q Growth	36.73%	-21.64%	0.66%	7.13%	26.46%	4.50%	13.62%	9.11%	36.39%	-10.82%	46.29%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	25.34%	25.68%	26.63%	27.79%	26.09%	23.27%	28.42%	28.51%	23.19%	26.93%	25.45%
EBITDA Margin	16.19%	11.60%	16.90%	17.04%	19.13%	8.94%	16.13%	14.86%	8.04%	11.20%	7.57%
Operating Margin	8.75%	4.61%	9.61%	9.91%	9.30%	0.86%	9.34%	7.84%	-0.12%	1.87%	2.61%
EBIT Margin	8.74%	4.15%	9.84%	10.16%	11.41%	1.18%	9.28%	8.25%	0.54%	4.66%	1.63%
Profit (Net Income) Margin	6.33%	1.86%	6.42%	6.82%	5.89%	-1.48%	5.07%	3.89%	-4.76%	-1.40%	0.80%
Tax Burden Percent	93.91%	85.21%	82.21%	85.16%	64.89%	123.13%	88.00%	83.99%	137.88%	-113.50%	-89.70%
Interest Burden Percent	77.09%	52.50%	79.36%	78.81%	79.63%	-102.34%	62.02%	56.07%	-633.58%	26.39%	-54.95%
Effective Tax Rate	6.09%	14.79%	17.79%	14.84%	35.11%	0.00%	12.00%	16.01%	0.00%	213.50%	0.00%
Return on Invested Capital (ROIC)	8.14%	4.43%	7.47%	7.95%	5.72%	0.62%	7.86%	7.29%	-0.09%	-3.06%	2.34%
ROIC Less NNEP Spread (ROIC-NNEP)	7.07%	2.73%	6.56%	7.18%	5.66%	-0.50%	6.19%	5.99%	-2.09%	-2.53%	1.67%
Return on Net Nonoperating Assets (RNNOA)	5.95%	1.58%	5.06%	9.88%	7.53%	-0.51%	6.73%	12.60%	-4.18%	-3.04%	2.22%
Return on Equity (ROE)	14.09%	6.01%	12.54%	17.82%	13.25%	0.11%	14.59%	19.89%	-4.27%	-6.10%	4.56%
Cash Return on Invested Capital (CROIC)	-7.36%	18.05%	-12.43%	-24.50%	-26.93%	-52.54%	-38.07%	-64.63%	-66.28%	-65.32%	0.00%
Operating Return on Assets (OROA)	4.92%	2.49%	5.76%	6.07%	7.13%	0.77%	6.13%	6.04%	0.40%	3.96%	1.35%
Return on Assets (ROA)	3.56%	1.12%	3.76%	4.07%	3.69%	-0.97%	3.34%	2.84%	-3.47%	-1.19%	0.67%
Return on Common Equity (ROCE)	9.59%	3.76%	7.53%	11.49%	7.65%	0.06%	7.30%	9.83%	-2.16%	-2.93%	2.22%
Return on Equity Simple (ROE_SIMPLE)	12.14%	0.00%	10.76%	9.43%	8.52%	0.00%	3.29%	-0.67%	-9.64%	0.00%	-19.58%
Net Operating Profit after Tax (NOPAT)	29	13	27	27	17	1.53	22	16	-0.16	-4.27	3.62
NOPAT Margin	8.22%	3.93%	7.90%	8.44%	6.03%	0.60%	8.22%	6.58%	-0.08%	-2.12%	1.82%
Net Nonoperating Expense Percent (NNEP)	1.07%	1.70%	0.91%	0.76%	0.06%	1.11%	1.68%	1.30%	2.00%	-0.52%	0.67%
Return On Investment Capital (ROIC_SIMPLE)	1.63%	0.98%	-	-	-	0.11%	-	-	-	-0.61%	-
Cost of Revenue to Revenue	74.66%	74.32%	73.37%	72.21%	73.91%	76.73%	71.58%	71.49%	76.81%	73.07%	74.55%
SG&A Expenses to Revenue	16.59%	21.07%	17.01%	17.88%	16.79%	22.41%	19.09%	20.67%	23.31%	25.07%	22.84%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	16.59%	21.07%	17.01%	17.88%	16.79%	22.41%	19.09%	20.67%	23.31%	25.07%	22.84%
Earnings before Interest and Taxes (EBIT)	31	14	33	33	31	2.99	25	21	1.08	9.40	3.23
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	57	40	57	55	53	23	43	37	16	23	15
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	15.89	15.03	9.44	14.41	14.01	15.40	11.49	34.42	40.39	35.74	40.57
Price to Tangible Book Value (P/TBV)	16.56	15.75	9.92	15.17	14.95	16.63	12.54	43.67	52.45	46.76	54.12
Price to Revenue (P/Rev)	6.99	6.30	4.14	6.56	5.60	5.81	4.17	5.50	6.61	6.24	7.53
Price to Earnings (P/E)	218.62	229.07	163.29	336.32	463.07	3,264.99	1,550.38	466,104.94	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.46%	0.44%	0.61%	0.30%	0.22%	0.03%	0.06%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	7.06	8.00	4.21	6.00	5.26	5.37	4.03	5.48	6.46	7.61	7.54
Enterprise Value to Revenue (EV/Rev)	7.64	6.73	4.86	7.32	6.42	6.67	5.06	6.53	7.63	6.99	8.47
Enterprise Value to EBITDA (EV/EBITDA)	49.55	42.05	30.82	47.25	43.20	54.44	39.11	61.08	89.55	112.05	241.50
Enterprise Value to EBIT (EV/EBIT)	93.15	76.99	57.52	89.10	84.26	130.87	83.11	161.23	363.64	3,786.30	0.00
Enterprise Value to NOPAT (EV/NOPAT)	107.39	103.74	82.68	127.37	127.48	237.02	199.29	0.00	750.54	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	42.93	34.96	25.26	42.05	37.65	46.06	41.29	62.19	93.84	86.24	112.80
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	41.94	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.25	0.79	1.20	1.23	1.21	0.97	0.93	2.83	2.78	1.77	2.26
Long-Term Debt to Equity	1.22	0.77	1.18	1.21	1.19	0.97	0.93	2.15	2.16	1.32	1.90
Financial Leverage	0.84	0.58	0.77	1.38	1.33	1.02	1.09	2.10	2.00	1.20	1.33
Leverage Ratio	3.24	2.96	2.86	3.75	3.53	3.18	3.03	4.70	4.65	3.74	3.60
Compound Leverage Factor	2.50	1.56	2.27	2.95	2.81	-3.25	1.88	2.63	-29.47	0.99	-1.98
Debt to Total Capital	55.49%	44.25%	54.53%	55.12%	54.73%	49.28%	48.31%	73.87%	73.54%	63.95%	69.36%
Short-Term Debt to Total Capital	1.26%	1.26%	0.95%	0.87%	0.82%	0.34%	0.30%	17.83%	16.34%	16.24%	11.11%
Long-Term Debt to Total Capital	54.22%	42.99%	53.58%	54.25%	53.91%	48.95%	48.01%	56.04%	57.20%	47.71%	58.25%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	11.03%	16.53%	13.86%	13.57%	18.14%	23.38%	26.13%	13.03%	12.81%	17.58%	14.85%
Common Equity to Total Capital	33.49%	39.22%	31.60%	31.31%	27.13%	27.34%	25.57%	13.10%	13.65%	18.48%	15.80%
Debt to EBITDA	4.73	2.96	4.81	5.17	5.42	5.55	5.30	8.43	10.35	9.70	23.24
Net Debt to EBITDA	3.22	1.53	3.31	3.67	3.73	4.42	4.03	8.16	10.14	9.26	21.78
Long-Term Debt to EBITDA	4.62	2.87	4.72	5.09	5.34	5.51	5.27	6.39	8.05	7.23	19.52
Debt to NOPAT	10.26	7.30	12.89	13.94	16.00	24.16	27.00	-163.08	86.77	-244.42	-58.51
Net Debt to NOPAT	6.99	3.77	8.88	9.88	11.00	19.25	20.55	-158.02	84.98	-233.39	-54.85
Long-Term Debt to NOPAT	10.02	7.09	12.67	13.72	15.76	23.99	26.84	-123.72	67.49	-182.36	-49.14
Altman Z-Score	3.53	3.41	2.39	3.28	3.20	3.68	3.03	3.02	3.50	3.46	3.94
Noncontrolling Interest Sharing Ratio	31.90%	37.37%	39.94%	35.54%	42.26%	46.82%	49.98%	50.55%	49.43%	51.98%	51.36%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.95	1.76	1.90	2.19	2.29	1.49	1.83	0.32	0.32	0.39	0.49
Quick Ratio	1.67	1.50	1.62	1.78	1.87	1.03	1.32	0.11	0.09	0.15	0.26
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-169	136	-200	-328	-332	-519	-365	-473	-467	-337	-462
Operating Cash Flow to CapEx	81.01%	145.72%	148.72%	106.74%	71.69%	75.24%	75.02%	72.47%	7.15%	32.19%	51.31%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.56	0.60	0.59	0.60	0.63	0.65	0.66	0.73	0.73	0.85	0.83
Accounts Receivable Turnover	116.86	129.91	122.31	103.02	102.13	91.59	77.57	72.29	72.44	65.37	53.26
Inventory Turnover	23.98	22.55	19.87	17.45	17.15	16.58	15.88	15.55	16.60	17.84	19.78
Fixed Asset Turnover	2.11	2.09	2.05	2.08	2.11	2.13	2.21	2.30	2.37	2.21	2.34
Accounts Payable Turnover	28.50	30.26	29.58	27.08	24.38	27.89	24.40	26.54	25.62	26.76	20.03
Days Sales Outstanding (DSO)	3.12	2.81	2.98	3.54	3.57	3.99	4.71	5.05	5.04	5.58	6.85
Days Inventory Outstanding (DIO)	15.22	16.18	18.37	20.92	21.28	22.01	22.99	23.47	21.98	20.46	18.45
Days Payable Outstanding (DPO)	12.81	12.06	12.34	13.48	14.97	13.08	14.96	13.75	14.24	13.64	18.23
Cash Conversion Cycle (CCC)	5.53	6.93	9.01	10.98	9.88	12.91	12.73	14.76	12.78	12.41	7.08
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,472	1,077	1,374	1,365	1,275	1,199	1,148	1,010	926	679	761
Invested Capital Turnover	0.99	1.13	0.95	0.94	0.95	1.03	0.96	1.11	1.13	1.44	1.28
Increase / (Decrease) in Invested Capital	198	-122	227	355	349	521	387	490	467	333	466
Enterprise Value (EV)	10,394	8,616	5,790	8,191	6,702	6,444	4,625	5,536	5,979	5,165	5,735
Market Capitalization	9,521	8,077	4,939	7,335	5,845	5,609	3,809	4,661	5,182	4,615	5,099
Book Value per Share	$3.88	$3.49	$3.39	$2.87	$5.01	$2.06	$2.02	$0.83	$0.78	$0.79	$0.77
Tangible Book Value per Share	$3.73	$3.33	$3.23	$2.73	$4.69	$1.90	$1.85	$0.65	$0.60	$0.60	$0.58
Total Capital	1,789	1,370	1,655	1,626	1,537	1,333	1,297	1,034	940	699	796
Total Debt	993	606	903	896	841	657	627	764	691	447	552
Total Long-Term Debt	970	589	887	882	829	652	623	579	538	333	463
Net Debt	676	313	622	636	579	523	477	740	677	427	517
Capital Expenditures (CapEx)	46	43	56	56	57	60	65	59	43	53	51
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-108	-121	-104	-65	-62	-62	-45	-39	-32	-37	-43
Debt-free Net Working Capital (DFNWC)	209	172	177	196	201	72	104	-15	-18	-17	-8.21
Net Working Capital (NWC)	186	155	162	182	189	67	101	-199	-172	-130	-97
Net Nonoperating Expense (NNE)	6.70	7.11	5.02	5.25	0.38	5.29	8.33	6.74	9.23	-1.46	2.03
Net Nonoperating Obligations (NNO)	676	313	622	636	579	523	477	740	677	427	517
Total Depreciation and Amortization (D&A)	26	26	24	22	21	20	18	17	15	13	12
Debt-free, Cash-free Net Working Capital to Revenue	-7.91%	-9.46%	-8.70%	-5.83%	-5.90%	-6.41%	-4.96%	-4.57%	-4.11%	-5.01%	-6.32%
Debt-free Net Working Capital to Revenue	15.34%	13.44%	14.88%	17.49%	19.27%	7.42%	11.44%	-1.77%	-2.29%	-2.28%	-1.21%
Net Working Capital to Revenue	13.68%	12.09%	13.55%	16.23%	18.07%	6.95%	11.01%	-23.52%	-21.87%	-17.64%	-14.26%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.13	$0.03	$0.11	$0.12	$0.08	($0.02)	$0.07	$0.05	($0.07)	$0.00	$0.03
Adjusted Weighted Average Basic Shares Outstanding	120.81M	103.50M	113.82M	101.97M	83.33M	62.07M	59.37M	56.73M	56.66M	51.87M	53.12M
Adjusted Diluted Earnings per Share	$0.13	$0.03	$0.11	$0.12	$0.08	($0.02)	$0.07	$0.05	($0.07)	$0.00	$0.03
Adjusted Weighted Average Diluted Shares Outstanding	121.51M	104.13M	114.25M	102.36M	83.41M	62.07M	60.21M	57.43M	56.66M	51.87M	54.42M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	164.48M	154.20M	154.19M	154.19M	177.18M	177.15M	177.12M	163.84M	163.83M	163.83M	163.71M
Normalized Net Operating Profit after Tax (NOPAT)	29	13	27	27	17	1.53	22	16	-0.16	2.64	3.62
Normalized NOPAT Margin	8.22%	3.93%	7.90%	8.44%	6.03%	0.60%	8.22%	6.58%	-0.08%	1.31%	1.82%
Pre Tax Income Margin	6.74%	2.18%	7.81%	8.01%	9.08%	-1.20%	5.76%	4.63%	-3.45%	1.23%	-0.89%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	2.84%	1.22%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	2.84%	1.22%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions About Dutch Bros' Financials

When does Dutch Bros's financial year end?

According to the most recent income statement we have on file, Dutch Bros' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Dutch Bros' net income changed over the last 5 years?

Dutch Bros' net income appears to be on a downward trend, with a most recent value of $66.45 million in 2024, rising from $28.39 million in 2019. The previous period was $9.95 million in 2023. Find out what analysts predict for Dutch Bros in the coming months.

What is Dutch Bros's operating income?

Dutch Bros's total operating income in 2024 was $106.09 million, based on the following breakdown:

Total Gross Profit: $340.13 million
Total Operating Expenses: $234.04 million

How has Dutch Bros revenue changed over the last 5 years?

Over the last 5 years, Dutch Bros' total revenue changed from $238.37 million in 2019 to $1.28 billion in 2024, a change of 437.4%.

How much debt does Dutch Bros have?

Dutch Bros' total liabilities were at $1.74 billion at the end of 2024, a 59.7% increase from 2023, and a 845.8% increase since 2020.

How much cash does Dutch Bros have?

In the past 4 years, Dutch Bros' cash and equivalents has ranged from $18.51 million in 2021 to $293.35 million in 2024, and is currently $293.35 million as of their latest financial filing in 2024.

How has Dutch Bros' book value per share changed over the last 5 years?

Over the last 5 years, Dutch Bros' book value per share changed from 0.00 in 2019 to 3.49 in 2024, a change of 348.5%.

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This page (NYSE:BROS) was last updated on 5/31/2025 by MarketBeat.com Staff

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Dutch Bros (BROS) Financials

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Dutch Bros (BROS) Financials

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