Dutch Bros Inc. (BROS)

Dutch Bros Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	1,452	1,281	965.78	739.01	497.88	327.41
Revenue Growth (YoY)	29.80%	32.64%	30.69%	48.43%	52.06%	37.36%
Cost of Revenue	1,064	940.89	714.48	558.1	344.57	211.48
Gross Profit	388.04	340.13	251.3	180.92	153.3	115.94
Selling, General & Admin	242.46	216.09	199.97	180.53	264.53	104.94
Operating Expenses	242.46	216.09	199.97	180.53	264.53	104.94
Operating Income	145.57	124.04	51.33	0.38	-111.23	11
Interest Expense	-27.82	-27.02	-32.32	-18.02	-7.09	-3.74
Other Non Operating Income (Expenses)	-2.78	5.81	3.02	3.98	-1.24	-0.36
EBT Excluding Unusual Items	114.97	102.84	22.02	-13.66	-119.56	6.9
Merger & Restructuring Charges	-11.55	-17.88	-2.15	-	-	-
Legal Settlements	-	-	-1.95	-	-	-
Other Unusual Items	-	-0.08	-1	-3	67.37	-6.06
Pretax Income	103.42	84.89	16.92	-16.65	-52.19	0.84
Income Tax Expense	14.51	18.44	6.97	2.6	-1.63	0.84
Earnings From Continuing Operations	88.92	66.45	9.95	-19.25	-50.56	-
Minority Interest in Earnings	-31.68	-31.19	-8.23	14.5	37.88	-
Net Income	57.23	35.26	1.72	-4.75	-12.68	-
Net Income to Common	57.23	35.26	1.72	-4.75	-12.68	-
Net Income Growth	162.42%	1952.27%	-	-	-	-
Shares Outstanding (Basic)	119	104	62	52	46	5
Shares Outstanding (Diluted)	120	104	62	52	46	5
Shares Change (YoY)	49.15%	67.75%	19.67%	13.10%	815.45%	-
EPS (Basic)	0.48	0.34	0.03	-0.09	-0.28	-
EPS (Diluted)	0.48	0.34	0.03	-0.09	-0.28	-
EPS Growth	75.89%	1127.26%	-	-	-	-
Free Cash Flow	72.89	24.69	-88.54	-128	-38.07	12.97
Free Cash Flow Per Share	0.61	0.24	-1.43	-2.47	-0.83	2.59
Gross Margin	26.72%	26.55%	26.02%	24.48%	30.79%	35.41%
Operating Margin	10.03%	9.68%	5.31%	0.05%	-22.34%	3.36%
Profit Margin	3.94%	2.75%	0.18%	-0.64%	-2.55%	-
Free Cash Flow Margin	5.02%	1.93%	-9.17%	-17.32%	-7.65%	3.96%
EBITDA	249.3	217.05	120.46	45.11	-86.01	26.54
EBITDA Margin	17.17%	16.94%	12.47%	6.10%	-17.27%	8.11%
D&A For EBITDA	103.73	93.01	69.14	44.73	25.22	15.54
EBIT	145.57	124.04	51.33	0.38	-111.23	11
EBIT Margin	10.03%	9.68%	5.31%	0.05%	-22.34%	3.36%
Effective Tax Rate	14.03%	21.72%	41.18%	-	-	100.00%
Revenue as Reported	1,452	1,281	965.78	739.01	497.88	327.41
Advertising Expenses	-	39.21	29.9	32.33	30.65	18.05

Updated Aug 6, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q