Share

Profile & Fundamentals

Dutch Bros Profile & Fundamentals

Name: Dutch Bros financial chart data preview
Creator: iPulse AI
License: https://ipulseai.com/terms

Examine company identity, ownership, reported performance, valuation, balance-sheet resilience, dividends, buybacks, and material corporate events.

Interactive annual & quarterly chartsAI financial reviewsReported source tables

Explore this pageJump to a Profile & Fundamentals section

Explore this research

Profile & Fundamentals contents

Jump directly to any section

Company and Market Context

Company Profile & Ownership

Dutch Bros Inc., together with its subsidiaries, operates and franchises drive-thru shops in the United States. The company sells and distributes coffee, coffee-related products, and accessories. It operates through Company-Operated Shops and Franchising and Other segments. The company sells its products under various brands such as Dutch Bros, Dutch Bros Coffee, Dutch Bros Rebel, Dutch Bros, and Blue Rebel. Dutch Bros Inc. was founded in 1992 and is based in Tempe, Arizona.

Company profile record

Dutch Bros Inc

Common Stock · Consumer Discretionary · Restaurants

Official website

Company

Company / asset: Dutch Bros Inc
Security type: Common Stock
Sector: Consumer Discretionary
Industry: Restaurants
HQ: 🇺🇸 United States
Head office: 1930 W. Rio Salado Pkwy, Tempe, AZ, United States, 85281

Leadership & scale

Chief executive: Ms. Christine Barone
CEO year born: 1974
Full-time employees: 27K
Fiscal year end: December
IPO date: 2021-09-15

Fundamentals snapshot

Updated 2026-09-13

Market Cap: USD 5.4B
P/E: 58.4x
Revenue (Q2 26): USD 550.9M
Profit (Q2 26): USD 37.4M
Dividend Yield: --
Revenue (FY 25): USD 1.6B
Shares in public float: 130.2M
Insider ownership: 5.18%

Reporting & identifiers

Symbol: BROS.NYSE
Listing: 🇺🇸 United States | Dividend Tax: 30%
Ticker Currency: USD
Income Statement Currency: USD
Balance Sheet Currency: USD
Cash Flow Currency: USD
EPS Currency: USD
Contract Type: SPOT
ISIN: US26701L1008
Asset ID: equity_9a83d7ac-5850-53a4-9808-9d6642c4dea4

Ownership

Shares Outstanding

Shares outstanding

Annual reported shares outstanding. Values in shares.

Top holders

BlackRock Inc13,878,127 shares · 10.06% · Reported 2026-03-31
FMR Inc9,566,397 shares · 6.94% · Reported 2026-03-31
T. Rowe Price Associates, Inc.7,632,450 shares · 5.53% · Reported 2026-03-31
Vanguard Capital Management, LLC5,690,101 shares · 4.13% · Reported 2026-03-31
Vanguard Portfolio Management, LLC5,472,473 shares · 3.97% · Reported 2026-03-31
T. Rowe Price New Horizons5,268,310 shares · 3.82% · Reported 2026-07-31
Fidelity Contrafund5,081,880 shares · 3.68% · Reported 2026-07-31

View more holders (8)

US Small-Cap Growth II Equity Comp4,833,676 shares · 3.50% · Reported 2026-06-30
T. Rowe Price Investment Management,Inc.4,630,066 shares · 3.36% · Reported 2026-03-31
iShares Core S&P Mid-Cap ETF4,468,659 shares · 3.24% · Reported 2026-08-31
Vanguard MStar Total Stk Mkt Idx Invest4,370,335 shares · 3.17% · Reported 2026-07-31
UBS Group AG4,025,628 shares · 2.92% · Reported 2026-03-31
State Street Corp3,779,507 shares · 2.74% · Reported 2026-03-31
Vanguard Small Cap Index3,154,667 shares · 2.29% · Reported 2026-07-31
Wellington Management Company LLP3,090,882 shares · 2.24% · Reported 2026-06-30

Earnings, Profitability & Valuation

Earnings & Revenue

AI Review

Dutch Bros is showing strong sales growth, with revenues jumping around 30% recently, and has successfully turned its first real profits after years of losing money. This positive shift shows that as the company opens more stores, it is becoming more efficient at turning sales into actual earnings. However, there is a clear disagreement about what comes next. Some experts believe this profit momentum will continue to speed up as more stores mature. Others warn that the company is entering a difficult economic period where rising costs for ingredients and packaging will eat into these profits. Because the stock is priced as if the company will perform perfectly forever, even a small slowdown in earnings growth could cause the stock price to drop sharply, making the current profit momentum look better on paper than it is for new investors.

Revenue, Net Income, and Free Cash Flow

Revenue
Free cash flow
Net income

Annual reported financial results, converted using the statement's recorded USD conversion. Missing values are omitted. Values in USD.

Valuation

Historical P/E Ratio

Published P/E

Published valuation snapshots. Trailing four-quarter earnings where available; annual earnings otherwise. Non-positive earnings are omitted. Values in times earnings.

Profitability & Margins

AI Review

Profit margins have improved significantly, with operating margins climbing to nearly 10% as the business benefits from its larger scale. However, there is a sharp clash over whether these margins can keep expanding. Optimists believe that digital ordering, loyalty app data, and new food items will easily drive margins higher. On the other hand, cautious analysts warn that margins are peaking. They point to unyielding pressures from rising worker wages and supply-chain shocks that make plastic cups and coffee beans more expensive. Because the stock's extremely high price demands massive and continuous margin growth, any failure to expand profitability will likely disappoint the market. The consensus is that while the business is fundamentally healthy, the current margins are simply too thin to support such an expensive stock price in a tough economy.

Profitability Margins

Gross margin
Operating margin
Net margin
Free cash flow margin

Annual gross, operating, net income and free cash flow divided by revenue for matching reporting dates. Values in percent.

Complete Research Workspace

Unlock the complete Profile & Fundamentals

Sign in to verify your access, or upgrade to the Base plan to open the complete profile & fundamentals and available source data.

Sign in to check access View Base plan

Paywalled preview begins: Reported Data Tables — chart preview

From this section to the end-of-preview notice below, research is provided as simplified HTML text and tables. Full access provides the complete interactive interface, charts and additional datasets.

Reported Data Tables — chart preview

The following tables contain the same values as the financial charts above. Monetary values are USD; margins are percentages. Missing inputs are not estimated. Use is subject to the iPulse AI Terms of Service and applicable source rights.

Source: eodhd. Statement snapshots with chart transformations and ratios calculated by iPulse AI. Snapshot retrieved 2026-09-15.

Annual earnings and profitability
Period end	Revenue	Free cash flow	Net income	Gross margin	Operating margin	Net margin	Free cash flow margin
2019-12-31	238,368,000	17,237,000	28,386,000	40.3	12.71	11.91	7.23
2020-12-31	327,413,000	12,974,000	5,725,000	35.41	3.36	1.75	3.96
2021-12-31	497,876,000	-38,069,000	-12,679,000	30.79	-22.34	-2.55	-7.65
2022-12-31	739,012,000	-127,997,000	-4,753,000	24.48	-0.35	-0.64	-17.32
2023-12-31	965,776,000	-88,542,000	1,718,000	26.02	4.79	0.18	-9.17
2024-12-31	1,281,015,000	24,694,000	35,258,000	26.55	8.28	2.75	1.93
2025-12-31	1,638,159,000	54,411,000	79,842,000	25.88	9.84	4.87	3.32

Published valuation snapshots
Period end	P/E (times earnings)	Earnings basis
2025-12-31	97.71	Trailing four quarters
2024-12-31	171.21	Trailing four quarters
2023-12-31	1,389.13	Trailing four quarters

Shares outstanding — chart values
Reporting date	Shares outstanding
2020-01-01	46,748,600
2021-01-01	45,874,000
2022-01-01	55,286,000
2023-01-01	75,356,000
2024-01-01	115,248,000
2025-01-01	127,438,000
2026-01-01	134,765,000

End of the paywalled preview

The excerpt from Reported Data Tables — chart preview to this notice is the simplified paywalled content included on this page. A signed-in, verified account with the required subscription provides the full interactive interface and the additional research, datasets and tools listed below.

Those additional materials are not included in this preview and cannot be revealed by removing its visual restrictions.

Additional with full access

Earnings, Profitability & Valuation
- Complete profitability ratios
- EPS history and estimate comparisons
- Execution vs expectations
- Annual and quarterly financial views
Capital Expenditure & R&D
- Capital allocation AI review
- Annual capital expenditure
- Investment intensity trends
- Capex and R&D intensity indicators
Balance Sheet
- Balance sheet AI review
- Assets, debt and equity
- Capital structure
- Liquidity and leverage
- Retained earnings
Dividends & Actions
- Cash dividends paid
- Dividend indicators
- Buybacks and issuance
- Combined shareholder returns
- Available corporate actions
Company Events
- Dated insider transactions
- Material company activity

Explore complete public research examples

These public assets show the complete asset profiles, fundamental datasets and analysis. Their findings concern those assets, not this report.