BROS - NYSE

Dutch Bros Inc.

Dutch Bros Inc.

BROS·NYSE

$56.60

+1.5%
Consumer CyclicalRestaurants

Dutch Bros Inc., together with its subsidiaries, operates and franchises drive-thru shops in the United States. The company operates through Company-Operated Shops and Franchising and Other segments. It serves through company-operated shops and online channels under Dutch Bros; Dutch Bros Coffee; Dutch Bros Rebel; Dutch Bros; and Blue Rebel brands. Dutch Bros Inc. was founded in 1992 and is headquartered in Grants Pass, Oregon.

StatementsValue Model

At a Glance

Live Snapshot
Market Cap$9.78B
EPS0.6400
P/E Ratio88.44
Earnings Date08/05/2026
295.55M
Operating Cash Flow
20%
3Y+394.0%
5Y+452.0%
10Y+421.0%
-241.07M
Investing Cash Flow
14%
3Y+25.0%
5Y+429.0%
10Y+503.0%
-78.43M
Financing Cash Flow
-163%
3Y-158.0%
5Y-1071.0%
10Y+519.0%
BROS

Dutch Bros Inc. Cash Conversion Engine

BROS · NYSE
Net Income117.28M
Depreciation & Amortization115.13M
Stock-Based Compensation18.02M
Change in Working Capital9.67M
Others17.83M
Capital Expenditures-241.13M
Free Cash Flow54.41M

Cash Flow Quality Analysis

FCF Conversion Rate

46.4%

Weak cash conversion. Significant portion of earnings not converting to cash—review working capital trends and capital intensity.

CapEx Intensity

81.6%

Very high capital intensity consumes most operating cash flow. Limited flexibility for dividends or debt reduction.

FCF Growth Trend

+120.3%

Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.

Working Capital Impact

+$9.67M

Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.

Cash Flow Quality Insight

Capital-intensive growth: Heavy reinvestment limits current cash available but may drive future returns. Assess whether CapEx supports compelling growth opportunities with adequate ROI.

Dutch Bros Inc. Cash Flow Statement

BROS • NYSE

Dutch Bros Inc. Cash Flow StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019
OPERATING ACTIVITIES
Net Income
117.3M
66.5M
1.7M
-19.3M
-120M
5.7M
28.4M
Depreciation & Amortization
115.1M
93M
47.8M
44.7M
25.2M
15.5M
9.7M
Change in Deferred Taxes
17.6M
15.4M
5.9M
1.1M
-2.7M
475K
0.0
Stock-Based Compensation
18M
11.5M
39.2M
41.7M
157.7M
35.1M
6.8M
Other Non-Cash Items
17.8M
13.2M
39.2M
6.8M
2.2M
98K
330K
Cash Taxes Paid
(996K)
(2.3M)
(1.7M)
(1.3M)
(886K)
(338K)
(103K)
Change in Working Capital
9.7M
46.9M
6M
-15.1M
17.9M
-3.4M
11.6M
Cash from Operating Activities
295.5M
246.4M
139.9M
59.9M
80.4M
53.5M
56.7M
INVESTING ACTIVITIES
Investments in Property, Plant, and Equipment
-241.1M
-221.7M
-228.5M
-187.9M
-118.4M
-40.6M
-39.5M
Acquisitions, Net
(0.0)
(0.0)
(0.0)
-6.1M
-5.4M
-5.1M
-530K
Other Investing Items
66K
9.7M
1.2M
1.4M
2.7M
99K
47K
Cash from Investing Activities
-241.1M
-212.1M
-227.3M
-192.6M
-121.1M
-45.6M
-39.9M
FINANCING ACTIVITIES
Net Issuance of Common Stock
0.0
-1.1M
331.2M
-3.9M
237.2M
0.0
0.0
Net Issuance of Debt
-54.3M
128.4M
-126.1M
141.3M
21.2M
15.8M
-6.1M
Cash Paid for Dividends
(0.0)
(0.0)
(0.0)
(0.0)
-213.3M
-7.8M
-6.6M
Share Repurchases
(0.0)
-1.1M
(0.0)
-3.9M
-287.7M
(0.0)
(0.0)
Other Financing Items
-24.1M
-1.9M
-4.4M
-3M
-17.5M
0.0
0.0
Cash from Financing Activities
-78.4M
125.4M
200.7M
134.4M
27.6M
8.1M
-12.7M
CASH FLOW SUMMARY
Net Change in Cash
-24M
159.8M
113.4M
1.7M
-13.1M
16.1M
4.1M
Cash at Beginning of Period
293.4M
133.5M
20.2M
18.5M
31.6M
15.6M
11.5M
Cash at End of Period
269.4M
293.4M
133.5M
20.2M
18.5M
31.6M
15.6M
Free Cash Flow
54.4M
24.7M
-88.5M
-128M
-38.1M
13M
17.2M

SEC Filings

BROS - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
8-K/A

8-K/A 2026 (Amended)

N/A

May 19, 2026
May 13, 2026
2026
View Filing
8-K

8-K 2026

N/A

May 15, 2026
May 13, 2026
2026
View Filing
10-Q

10-Q 2026 Q1

Q1

May 06, 2026
March 31, 2026
2026
View Filing
8-K

8-K 2026

N/A

May 06, 2026
May 06, 2026
2026
View Filing
DEF 14A

DEF 14A 2026

N/A

March 31, 2026
May 13, 2026
2026
View Filing
10-K

10-K 2025 FY

FY

February 13, 2026
December 31, 2025
2025
View Filing
8-K

8-K 2026

N/A

February 12, 2026
February 12, 2026
2026
View Filing
10-Q

10-Q 2025 Q3

Q3

November 06, 2025
September 30, 2025
2025
View Filing
8-K

8-K 2025

N/A

November 05, 2025
November 05, 2025
2025
View Filing
10-Q

10-Q 2025 Q2

Q2

August 07, 2025
June 30, 2025
2025
View Filing
Showing 1 to 10 of 77 filings

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