Dutch Bros Inc. (BROS)

Dutch Bros Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	267.2	293.35	133.55	20.18	18.51	31.64
Trading Asset Securities	0.6	0.95	1.37	1.46	-	-
Cash & Short-Term Investments	267.79	294.31	134.92	21.64	18.51	31.64
Cash Growth	-5.01%	118.14%	523.60%	16.91%	-41.51%	103.03%
Receivables	14.3	10.6	9.12	11.97	10.64	10.84
Inventory	45.3	36.49	46.95	39.23	23.35	15.58
Prepaid Expenses	13.75	16.55	14.27	9.49	8.8	5.02
Total Current Assets	341.14	357.94	205.26	82.32	61.29	63.07
Property, Plant & Equipment	1,598	1,374	1,125	782.71	302	165.42
Long-Term Investments	0.12	0.83	0.84	1.71	-	-
Goodwill	21.63	21.63	21.63	21.63	18.72	18.08
Other Intangible Assets	1.76	2.95	5.42	8.8	11.1	11.32
Long-Term Deferred Tax Assets	949.66	742.13	403	288.77	159.03	0.19
Other Long-Term Assets	9.93	1.76	3.03	0.42	1.56	1.57
Total Assets	2,922	2,501	1,764	1,186	553.7	259.66
Accounts Payable	38.24	32.23	29.96	21.27	20.44	16.09
Accrued Expenses	89.2	76.29	47.18	29.37	20.97	10.04
Short-Term Debt	-	-	-	110.87	64.1	15
Current Portion of Long-Term Debt	3.88	17.31	4.49	2.61	0.1	3.79
Current Portion of Leases	32.59	27.24	19.72	17.29	3.39	2.33
Current Unearned Revenue	45.61	42.87	30.35	25.34	22.81	11.19
Other Current Liabilities	14.94	7.14	6.42	5.94	6.92	1.43
Total Current Liabilities	224.46	203.07	138.12	212.68	138.73	59.87
Long-Term Debt	192.98	216.73	90.15	94.92	0.53	24.37
Long-Term Leases	807.13	681.63	562.22	399.74	82.57	49.64
Long-Term Unearned Revenue	7.1	8.02	6.68	6.12	5.03	4.75
Other Long-Term Liabilities	825.3	627.77	290.93	220.93	113.12	1,581
Total Liabilities	2,057	1,737	1,088	934.38	339.97	1,719
Common Stock	0	0	0	0	0	-1,460
Additional Paid-In Capital	578.26	517.07	379.39	145.61	107.19	-
Retained Earnings	78.14	19.67	-15.59	-17.31	-12.68	-
Comprehensive Income & Other	0.16	0.63	0.54	0.81	-	-
Total Common Equity	656.56	537.37	364.35	129.12	94.52	-1,460
Minority Interest	208.47	226.5	311.58	122.86	119.21	-
Shareholders' Equity	865.03	763.87	675.92	251.98	213.73	-1,460
Total Liabilities & Equity	2,922	2,501	1,764	1,186	553.7	259.66
Total Debt	1,037	942.91	676.58	625.42	150.69	95.12
Net Cash (Debt)	-768.79	-648.6	-541.67	-603.78	-132.18	-63.48
Net Cash Per Share	-6.25	-6.23	-8.73	-11.64	-2.88	-12.67
Filing Date Shares Outstanding	127.03	116.25	81.21	58.07	50	5.01
Total Common Shares Outstanding	127.03	115.43	80.63	57.96	49.87	5.01
Working Capital	116.68	154.87	67.14	-130.36	-77.44	3.2
Book Value Per Share	5.17	4.66	4.52	2.23	1.90	-291.37
Tangible Book Value	633.17	512.79	337.3	98.69	64.7	-1,489
Tangible Book Value Per Share	4.98	4.44	4.18	1.70	1.30	-297.24
Land	7.02	7.02	7.34	7.96	5.24	4.21
Buildings	574.22	487.06	269.19	158.25	168.4	55.82
Machinery	254.86	229.31	166.55	103.1	67.48	50.21
Construction In Progress	113.57	71.95	166.05	131.24	88.05	15.44
Leasehold Improvements	63.86	54.54	42.44	29.99	20.74	15.23

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

SEC Filings: 10-K · 10-Q