Dutch Bros Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	1,638	1,281	965.78	739.01	497.88
Revenue Growth (YoY)	27.88%	32.64%	30.69%	48.43%	52.06%
Cost of Revenue	1,214	940.89	714.48	558.1	344.57
Gross Profit	423.95	340.13	251.3	180.92	153.3
Selling, General & Admin	262.77	234.04	205.07	183.53	264.53
Total Operating Expenses	262.77	234.04	205.07	183.53	264.53
Operating Income	161.18	106.09	46.22	-2.61	-111.23
Total Non-Operating Income (Expense)	-25.56	-21.21	-29.3	-14.04	-8.33
Pretax Income	135.62	84.89	16.92	-16.65	-119.56
Provision for Income Taxes	18.35	18.44	6.97	2.6	-1.63
Net Income	79.84	35.26	1.72	-4.75	-12.68
Minority Interest in Earnings	37.43	31.19	8.23	-14.5	-105.25
Net Income to Common	79.84	35.26	1.72	-4.75	-12.68
Net Income Growth	126.45%	1952.27%	-	-	-
Shares Outstanding (Basic)	125	104	62	52	46
Shares Outstanding (Diluted)	126	104	62	52	46
Shares Change (YoY)	20.78%	67.75%	19.67%	13.10%	-59.23%
EPS (Basic)	0.64	0.34	0.03	-0.09	-0.28
EPS (Diluted)	0.64	0.34	0.03	-0.09	-0.28
EPS Growth	88.23%	1033.33%	-	-	-
Shares Outstanding	127.05	115.43	80.63	57.96	49.87
Free Cash Flow	54.41	24.69	-88.54	-128	-38.07
Free Cash Flow Growth	120.34%	-	-	-	-
Free Cash Flow Per Share	0.43	0.24	-1.43	-2.47	-0.83
Gross Margin	25.88%	26.55%	26.02%	24.48%	30.79%
Operating Margin	9.84%	8.28%	4.79%	-0.35%	-22.34%
Profit Margin	7.16%	5.19%	1.03%	-2.61%	-23.69%
FCF Margin	3.32%	1.93%	-9.17%	-17.32%	-7.65%
EBITDA	276.31	199.1	115.36	42.12	-86.01
EBITDA Margin	16.87%	15.54%	11.94%	5.70%	-17.28%
EBIT	161.18	106.09	46.22	-2.61	-111.23
EBIT Margin	9.84%	8.28%	4.79%	-0.35%	-22.34%
Effective Tax Rate	13.53%	21.72%	41.18%	-15.61%	1.36%

Updated Feb 12, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q