Dutch Bros Inc. (BROS)

Dutch Bros Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	117.28	66.45	9.95	-19.25	-117.93
Depreciation & Amortization	115.13	93.01	69.14	44.73	25.22
Stock-Based Compensation	18.02	11.48	39.22	41.66	157.72
Other Adjustments	35.45	28.59	15.59	7.88	-0.44
Change in Receivables	-7.79	-1.47	2.84	-1.32	0.19
Changes in Inventories	-12.43	10.47	-7.72	-15.82	-7.67
Changes in Accounts Payable	3.71	3.66	3.9	1.61	2.15
Changes in Accrued Expenses	-	-	-	5.98	8.09
Changes in Unearned Revenue	13.69	13.86	5.57	3.37	11.71
Changes in Other Operating Activities	12.49	20.4	1.43	-8.94	1.34
Operating Cash Flow	295.55	246.43	139.92	59.88	80.38
Operating Cash Flow Growth	19.93%	76.13%	133.65%	-25.50%	50.10%
Capital Expenditures	-241.13	-221.74	-228.46	-187.88	-118.44
Sale of Property, Plant & Equipment	0.07	9.67	1.18	1.36	2.74
Payments for Business Acquisitions	-	-	-	-6.05	-5.39
Investing Cash Flow	-241.07	-212.07	-227.28	-192.57	-121.09
Short-Term Debt Issued	-	2.45	90	157.71	65
Short-Term Debt Repaid	-	-2.45	-202.71	-10	-15
Net Short-Term Debt Issued (Repaid)	-	-	-112.71	147.71	50
Long-Term Debt Issued	250	150	1.65	1.38	200
Long-Term Debt Repaid	-286.69	-11.05	-2.61	-1.98	-227.59
Net Long-Term Debt Issued (Repaid)	-36.69	138.95	-0.97	-0.61	-27.59
Issuance of Common Stock	-	-	331.2	-	524.86
Repurchase of Common Stock	-12.53	-1.07	-1.9	-3.9	-299
Net Common Stock Issued (Repurchased)	-12.53	-1.07	329.3	-3.9	225.86
Other Financing Activities	-29.22	-12.43	-14.9	-8.84	-220.69
Financing Cash Flow	-78.43	125.45	200.73	134.36	27.58
Net Cash Flow	-23.95	159.81	113.37	1.67	-13.13
Free Cash Flow	54.41	24.69	-88.54	-128	-38.07
Free Cash Flow Growth	120.34%	-	-	-	-
FCF Margin	3.32%	1.93%	-9.17%	-17.32%	-7.65%
Free Cash Flow Per Share	0.43	0.24	-1.43	-2.47	-0.83
Levered Free Cash Flow	-65.39	93.86	-268.1	-14.62	-67.88
Unlevered Free Cash Flow	30.83	2.7	-128.95	-159.98	-187.32

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

SEC Filings: 10-K · 10-Q