Dutch Bros Inc. (BROS)

Dutch Bros Cash Flow Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	118.46	117.28	66.45	9.95	-19.25	-117.93
Depreciation & Amortization	126.96	115.13	93.01	69.14	44.73	25.22
Stock-Based Compensation	19.11	18.02	11.48	39.22	41.66	157.72
Other Adjustments	38.98	35.45	28.59	15.59	7.88	-0.44
Change in Receivables	-7.13	-7.79	-1.47	2.84	-1.32	0.19
Changes in Inventories	0.83	-12.43	10.47	-7.72	-15.82	-7.67
Changes in Accounts Payable	6.87	3.71	3.66	3.9	1.61	2.15
Changes in Accrued Expenses	15.94	-	-	-	5.98	8.09
Changes in Unearned Revenue	4.61	13.69	13.86	5.57	3.37	11.71
Changes in Other Operating Activities	-3.07	12.49	20.4	1.43	-8.94	1.34
Operating Cash Flow	343.39	295.55	246.43	139.92	59.88	80.38
Operating Cash Flow Growth	41.82%	19.93%	76.13%	133.65%	-25.50%	50.10%
Capital Expenditures	-252.58	-241.13	-221.74	-228.46	-187.88	-118.44
Sale of Property, Plant & Equipment	0.04	0.07	9.67	1.18	1.36	2.74
Payments for Business Acquisitions	-	-	-	-	-6.05	-5.39
Other Investing Activities	-19.81	-	-	-	-	-
Investing Cash Flow	-272.35	-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)	-	-	0	-112.71	147.71	50
Long-Term Debt Issued	200	250	150	1.65	1.38	200
Long-Term Debt Repaid	-283.87	-286.69	-11.05	-2.61	-1.98	-227.59
Net Long-Term Debt Issued (Repaid)	-83.87	-36.69	138.95	-0.97	-0.61	-27.59
Issuance of Common Stock	-	-	-	331.2	-	524.86
Repurchase of Common Stock	-7.68	-12.53	-1.07	-1.9	-3.9	-299
Net Common Stock Issued (Repurchased)	-7.68	-12.53	-1.07	329.3	-3.9	225.86
Other Financing Activities	-28.2	-29.22	-12.43	-14.9	-8.84	-220.69
Financing Cash Flow	-123.96	-78.43	125.45	200.73	134.36	27.58
Net Cash Flow	-10.37	-23.95	159.81	113.37	1.67	-13.13
Free Cash Flow	90.8	54.41	24.69	-88.54	-128	-38.07
Free Cash Flow Growth	66.88%	120.34%	-	-	-	-
FCF Margin	5.20%	3.32%	1.93%	-9.17%	-17.32%	-7.65%
Free Cash Flow Per Share	0.71	0.43	0.24	-1.43	-2.47	-0.83
Levered Free Cash Flow	-103.74	-65.39	93.86	-268.1	-14.62	-67.88
Unlevered Free Cash Flow	39.98	30.83	2.7	-128.96	-159.98	-187.32

Updated May 6, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q