Dutch Bros Financial Statements
NYSE: BROSConsumer DiscretionaryRestaurantsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Dutch Bros revenue and earnings
In fiscal 2025, Dutch Bros generated $1.64 billion in revenue, up 27.9% from fiscal 2024, its 6th consecutive year of revenue growth. Net income was $79.8 million (+126.5% year over year), for a net margin of 4.9% versus a median of 0.0% in the prior 5 years. Gross margin was 25.9% (down from 26.6%) and operating margin 9.8%.
Diluted earnings per share came in at $0.64, up from $0.34. Over the last 5 fiscal years, BROS's revenue has grown at a 38.0% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Dutch Bros income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 |
|---|---|---|---|---|---|---|---|
| Revenue | 1.64B | 1.28B | 965.78M | 739.01M | 497.88M | 327.41M | 238.37M |
| Revenue growth (YoY) | +27.88% | +32.64% | +30.68% | +48.43% | +52.06% | +37.36% | — |
| Cost of Revenue | 1.21B | 940.89M | 714.48M | 558.10M | 344.57M | 211.48M | 142.31M |
| Gross Profit | 423.95M | 340.13M | 251.30M | 180.92M | 153.30M | 115.94M | 96.06M |
| Operating Expenses | 262.77M | 234.04M | 205.07M | 183.53M | 264.53M | 104.94M | 65.76M |
| Selling, General & Admin | 262.77M | 234.04M | 205.07M | 183.53M | 264.53M | 104.94M | 65.76M |
| Operating Income | 161.18M | 106.09M | 46.22M | -2.61M | -111.23M | 11.00M | 30.30M |
| Other Income (Expense) | -25.56M | -21.21M | -29.30M | -14.04M | -8.33M | -4.10M | -1.82M |
| Pretax Income | 135.62M | 84.89M | 16.92M | — | — | — | — |
| Income Tax | 18.35M | 18.43M | 6.97M | 2.60M | -1.63M | 843.00K | 89.00K |
| Net Income | 79.84M | 35.26M | 1.72M | -4.75M | -12.68M | 0 | 0 |
| Net Income growth (YoY) | +126.45% | +1952.27% | — | — | — | — | — |
| EPS (Basic) | 0.64 | 0.34 | 0.03 | -0.09 | -0.28 | — | — |
| EPS (Diluted) | 0.64 | 0.34 | 0.03 | -0.09 | -0.28 | — | — |
| Shares Outstanding (Basic) | 125.33M | 103.50M | 62.07M | 51.87M | 45.86M | — | — |
| Shares Outstanding (Diluted) | 125.76M | 104.13M | 62.07M | 51.87M | 45.86M | — | — |
| EBITDA | 276.31M | 199.10M | 115.36M | 42.12M | -86.01M | 26.54M | 39.97M |
| Gross Margin | 25.88% | 26.55% | 26.02% | 24.48% | 30.79% | 35.41% | 40.30% |
| Operating Margin | 9.84% | 8.28% | 4.79% | -35.00% | -22.34% | 3.36% | 12.71% |
| Net Margin | 4.87% | 2.75% | 18.00% | -64.00% | -2.55% | 0.00% | 0.00% |
This table shows 7 annual periods of Dutch Bros's income statement, from FY 2025 back to FY 2019, across 18 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow BROS's reporting calendar. What is a income statement?