Dutch Bros Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	1,747	1,638	1,281	965.78	739.01	497.88
Revenue Growth (YoY)	28.39%	27.88%	32.64%	30.69%	48.43%	52.06%
Cost of Revenue	1,306	1,214	940.89	714.48	558.1	344.57
Gross Profit	441.43	423.95	340.13	251.3	180.92	153.3
Selling, General & Admin	277.02	262.77	234.04	205.07	183.53	264.53
Total Operating Expenses	277.02	262.77	234.04	205.07	183.53	264.53
Operating Income	164.41	161.18	106.09	46.22	-2.61	-111.23
Total Non-Operating Income (Expense)	-25.72	-25.56	-21.21	-29.3	-14.04	-8.33
Pretax Income	138.69	135.62	84.89	16.92	-16.65	-119.56
Provision for Income Taxes	20.23	18.35	18.44	6.97	2.6	-1.63
Net Income	118.46	117.28	66.45	9.95	-19.25	-117.93
Minority Interest in Earnings	37.87	37.43	31.19	8.23	-14.5	-105.25
Net Income to Common	80.59	79.84	35.26	1.72	-4.75	-12.68
Net Income Growth	85.05%	126.45%	1952.27%	-	-	-
Shares Outstanding (Basic)	127	125	104	62	52	46
Shares Outstanding (Diluted)	127	126	104	62	52	46
Shares Change (YoY)	12.28%	20.78%	67.75%	19.67%	13.10%	-
EPS (Basic)	0.64	0.64	0.34	0.03	-0.09	-0.28
EPS (Diluted)	0.64	0.64	0.34	0.03	-0.09	-0.28
EPS Growth	64.10%	88.23%	1033.33%	-	-	-
Free Cash Flow	90.8	54.41	24.69	-88.54	-128	-38.07
Free Cash Flow Growth	66.88%	120.34%	-	-	-	-
Free Cash Flow Per Share	0.71	0.43	0.24	-1.43	-2.47	-0.83
Gross Margin	25.26%	25.88%	26.55%	26.02%	24.48%	30.79%
Operating Margin	9.41%	9.84%	8.28%	4.79%	-0.35%	-22.34%
Profit Margin	6.78%	7.16%	5.19%	1.03%	-2.61%	-23.69%
FCF Margin	5.20%	3.32%	1.93%	-9.17%	-17.32%	-7.65%
EBITDA	291.37	276.31	199.1	115.36	42.12	-86.01
EBITDA Margin	16.67%	16.87%	15.54%	11.94%	5.70%	-17.28%
EBIT	164.41	161.18	106.09	46.22	-2.61	-111.23
EBIT Margin	9.41%	9.84%	8.28%	4.79%	-0.35%	-22.34%
Effective Tax Rate	14.59%	13.53%	21.72%	41.18%	-15.61%	1.36%

SEC Filings: 10-K · 10-Q