FY2025 · ended Dec 31, 2025 · Revenue $1.64B, +27.9% YoY · Filed Feb 13, 2026
Dutch Bros Inc. (BROS) files with the SEC under industry code 5810, Retail-Eating & Drinking Places. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $1.6 billion and net income of $79.8 million. Free cash flow was $54.4 million. As of Sep 30, 2026 it held $194.6 million in cash and investments and $1.3 billion in total debt.
Revenue (TTM)
$2.01B
+30.7% vs year-ago TTM
Net income (TTM)
$102.03M
+64.3% vs year-ago TTM
Operating cash flow (TTM)
$376.67M
+35.4% vs year-ago TTM
Free cash flow (TTM)
$90.93M
+39.0% vs year-ago TTM
EPS (TTM)
$0.77
+53.2% vs year-ago TTM
Dividend per share
None
Shares outstanding
154.20M
Net cash
$-1.11B
as of Sep 30, 2026
Operating margin
9.5%
FY 2026
Company profile
- Industry
- Retail-Eating & Drinking Places (SIC 5810)
- Listed as
- BROS (NYSE)
- Fiscal year ends
- December 31
- Incorporated in
- DE
- Headquarters
- Tempe, AZ
- SEC filer status
- Large accelerated filer
- SEC CIK
- 1866581
Other Retail-Eating & Drinking Places companies
- Starbucks Corp SBUX
- Luckin Coffee Inc. LKNCY
- Shake Shack Inc. SHAK
- Chagee Holdings Ltd. CHA
- Wendy's Co WEN
- Cannae Holdings, Inc. CNNE
- Black Rock Coffee Bar, Inc. BRCB
- Eyeonix AIQ, Inc. EAIQ
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $1.6B | $1.3B | $965.8M | $739.0M | $497.9M |
| Operating income | $161.2M | $106.1M | $46.2M | -$2.6M | -$111.2M |
| Net income | $79.8M | $35.3M | $1.7M | -$4.8M | -$12.7M |
| Diluted EPS | $0.64 | $0.34 | $0.03 | -$0.09 | -$0.28 |
| Operating cash flow | $295.5M | $246.4M | $139.9M | $59.9M | $80.4M |
| Free cash flow | $54.4M | $24.7M | -$88.5M | -$128.0M | -$38.1M |
| Total assets | $3.0B | $2.5B | $1.8B | $1.2B | $553.7M |
| 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 and investments | $269.4M | $293.4M | $133.5M | $20.2M | $18.5M |
| Total debt | $1.1B | $943.9M | $678.0M | $515.7M | $3.6M |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 8-K |
Current report
Results of operations, Regulation FD disclosure
|
Nov 4, 2026 | Nov 4, 2026 |
| 10-Q | Quarterly report | Aug 6, 2026 | Jun 30, 2026 |
| 8-K |
Current report
Results of operations, Regulation FD disclosure, Other events
|
Aug 5, 2026 | Aug 5, 2026 |
| 8-K/A |
Amended current report
Shareholder vote results
|
May 19, 2026 | May 13, 2026 |
| 8-K |
Current report
Shareholder vote results
|
May 15, 2026 | May 13, 2026 |
| 10-Q | Quarterly report | May 6, 2026 | Mar 31, 2026 |
All 694 Dutch Bros Inc. SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.