Dutch Bros Inc.
Financial highlights
| Metric | FY December 31, 2025 | FY December 31, 2024 | FY December 31, 2023 | FY December 31, 2022 | FY December 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $1.6B | $1.3B | $965.8M | $739.0M | $497.9M |
| Operating income | $161.2M | $106.1M | $46.2M | -$2.6M | -$111.2M |
| Cost of revenue | $1.2B | $940.9M | $714.5M | $558.1M | $344.6M |
| Cash from operations | $295.5M | $246.4M | $139.9M | $59.9M | $80.4M |
| Capital expenditure | $241.1M | $221.7M | $228.5M | $187.9M | $118.4M |
| Free cash flow | $54.4M | $24.7M | -$88.5M | -$128.0M | -$38.1M |
| Share repurchases | — | $1,000 | $0 | $0 | $287.7M |
| Impairments | $0 | $0 | $0 | $0 | $0 |
| Total assets | $3.0B | $2.5B | $1.8B | $1.2B | $553.7M |
| Total liabilities | $2.1B | $1.7B | $1.1B | $934.4M | $340.0M |
Shares outstanding 174.6M · Free float 65.1%
Annual filing data through FY ended December 31, 2025; float as of June 27, 2026.