BROS
Dutch Bros Inc
NYSE: BROS · CONSUMER CYCLICAL · RESTAURANTS
$55.34
-0.07% today
Updated 2026-04-29
Market cap
$9.12B
P/E ratio
86.47
P/S ratio
5.57x
EPS (TTM)
$0.64
Dividend yield
—
52W range
$45 – $78
Volume
4.2M
Dutch Bros Inc (BROS) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $238.37M | $327.41M | $497.88M | $739.01M | $965.78M | $1.28B | $1.64B |
| Revenue growth (YoY) | — | +37.4% | +52.1% | +48.4% | +30.7% | +32.6% | +27.9% |
| Cost of revenue | $142.31M | $211.48M | $344.57M | $558.10M | $714.48M | $940.89M | $1.21B |
| Gross profit | $96.06M | $115.94M | $153.30M | $180.92M | $251.30M | $340.13M | $423.95M |
| Gross margin | 40.3% | 35.4% | 30.8% | 24.5% | 26.0% | 26.6% | 25.9% |
| R&D | — | — | — | — | — | — | — |
| SG&A | $65.76M | $105.09M | $265.04M | $183.53M | $205.07M | $234.04M | $259.39M |
| Operating income | $30.30M | $11.00M | $-111.23M | $-2.61M | $46.22M | $106.09M | $161.18M |
| Operating margin | 12.7% | 3.4% | -22.3% | -0.4% | 4.8% | 8.3% | 9.8% |
| EBITDA | $40.49M | $26.17M | $-87.25M | $46.09M | $118.38M | $204.91M | $276.31M |
| EBITDA margin | 17.0% | 8.0% | -17.5% | 6.2% | 12.3% | 16.0% | 16.9% |
| EBIT | $30.82M | $10.64M | $-112.47M | $1.36M | $49.24M | $111.91M | $161.18M |
| Interest expense | $2.35M | $3.74M | $7.09M | $18.02M | $32.32M | $27.02M | $28.30M |
| Income tax | $89000.00 | $1.18M | $-1.63M | $2.60M | $6.97M | $18.43M | $18.35M |
| Effective tax rate | 0.3% | 17.0% | 11.4% | -120.7% | 80.2% | 34.3% | 18.7% |
| Net income | $28.39M | $5.72M | $-12.68M | $-4.75M | $1.72M | $35.26M | $79.84M |
| Net income growth (YoY) | — | -79.8% | -321.5% | +62.5% | +136.1% | +1952.3% | +126.5% |
| Profit margin | 11.9% | 1.7% | -2.5% | -0.6% | 0.2% | 2.8% | 4.9% |