Dutch Bros Inc. (BROS) — Financial statements
Income statement, balance sheet, and cash flow for Dutch Bros Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 1,638↑27.9% | 1,281↑32.6% | 966↑30.7% | 739↑48.4% | 498 | |
| Cost of Revenue | 1,214↑29.0% | 941↑31.7% | 714↑28.0% | 558↑62.0% | 345 | |
| Gross Profit | 424↑24.6% | 340↑35.3% | 251↑38.9% | 181↑18.0% | 153 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 259 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 259↑10.8% | 234↑14.1% | 205↑11.7% | 184↓30.6% | 265 | |
| Other Expenses | 3 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Operating Expenses | 263↑12.3% | 234↑14.1% | 205↑11.7% | 184↓30.6% | 265 | |
| Total Costs & Expenses | 1,477↑25.7% | 1,175↑27.8% | 920↑24.0% | 742↑21.8% | 609 | |
| Operating Results | ||||||
| Operating Income | 161↑51.9% | 106↑129.5% | 46↑1869.6% | -3↑97.7% | -111 | |
| Depreciation & Amortization | 115↑23.8% | 93↑34.5% | 69↑54.6% | 45↑77.4% | 25 | |
| EBITDA | 279↑36.2% | 205↑73.1% | 118↑156.8% | 46↑152.8% | -87 | |
| EBIT | 164↑46.5% | 112↑127.3% | 49↑3510.0% | 1↑101.2% | -112 | |
| Interest & Other Income | ||||||
| Net Interest Income | -28↓4.8% | -27↑16.4% | -32↓79.4% | -18↓154.0% | -7 | |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Interest Expense | 28↑4.8% | 27↓16.4% | 32↑79.4% | 18↑154.0% | 7 | |
| Non-Operating Income | -3↑52.7% | -6↓92.6% | -3↑24.1% | -4↓420.6% | 1 | |
| Other Income / Expenses | -26↓20.5% | -21↑27.6% | -29↓108.7% | -14↓68.5% | -8 | |
| Income Before Tax | 136↑59.8% | 85↑401.7% | 17↑201.6% | -17↑86.1% | -120 | |
| Income Tax Expense | 18↓0.5% | 18↑164.6% | 7↑168.1% | 3↑259.6% | -2 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 117↑76.5% | 66↑567.7% | 10↑151.7% | -19↑83.7% | -118 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 80↑126.5% | 35↑1952.3% | 2↑136.1% | -5↑62.5% | -13 | |
| Bottom-Line Net Income | 80↑126.0% | 35↑1958.7% | 2↑136.1% | -5↑62.5% | -13 | |
| EPS (Basic) | 0.64↑106.5% | 0.31↑1019.1% | 0.03↑130.2% | -0.09↑67.3% | -0.28 | |
| EPS (Diluted) | 0.63↑103.2% | 0.31↑1019.1% | 0.03↑130.2% | -0.09↑67.3% | -0.28 | |
| Weighted Average Shares | 125↑9.7% | 114↑84.0% | 62↑19.7% | 52↑13.1% | 46 | |
| Weighted Average Diluted Shares | 126↑9.6% | 115↑84.9% | 62↑19.7% | 52↑13.1% | 46 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.