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Dutch Bros

BROS

Dutch Bros Inc. is a high-growth operator and franchisor of drive-thru beverage shops focused on speed, quality, and service.

Market cap
$9.01B+18.2%
Revenue$1.7B+28.4%
Net income$80.6M+85.1%
Free cash flow$90.8M+181%
EPS (diluted)$0.64+68.4%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 5, 2026 (In 1 week)
Revenue estimate$525.3M
EPS estimate$0.29

Financials

Q1 2026

Income statement

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Revenue$464.4M+30.8%
Gross profit$107.5M+19.4%
Operating income$34.3M+10.4%
Net income$16.1M+4.8%
EPS (diluted)$0.130.0%

Balance sheet

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Cash & equivalents$263.5M-16.7%
Total debt$1.1B+12.1%
Total equity$696.4M+16.3%
Total assets$3.1B+12.3%

Cash flow

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Operating cash flow$84.7M+130%
CapEx$57.0M+25.1%
Free cash flow$27.7M+420%

Valuation & ratios

Valuation

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Market cap$9.01B+18.2%
Enterprise value$9.89B+20.0%
P/E111.9×-19.5×
P/S5.2×0.0×

Profitability

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Gross margin25.3%-1.1pp
Operating margin9.4%+1.2pp
Net margin4.6%+1.4pp
FCF margin5.2%+2.8pp

Returns & leverage

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Return on equity12.4%+3.9pp
Debt / equity1.6×-0.1×
Current ratio1.3×-0.6×

Segments

By segment

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Franchising and other$35.4M+23.1%

Competitors

Profile

Dutch Bros Inc. is a high-growth operator and franchisor of drive-thru beverage shops focused on speed, quality, and service. The company specializes in hand-crafted, customizable beverages including coffee, energy drinks, and teas, primarily served through a convenience-oriented drive-thru and walk-up model. With a significant presence across the United States, the brand leverages a people-first culture and a digital-first loyalty program to drive customer engagement.

Competitive position

A leading high-growth challenger in the quick-service beverage industry, differentiated by a drive-thru centric model and a proprietary energy drink platform.

GeographiesUnited States
Customer segmentsMass Market, Gen Z and Millennial, On-the-go Consumers
Business modelDirect-to-Consumer, Franchise, Vertical Integration
SuppliersGreen coffee bean producers, Dairy suppliers, Syrup and packaging manufacturers, Logistics and transportation providers
CustomersIndividual retail consumers, Franchise operators
Listed2021
Employees24.0K
CEOChristine Barone
IndustryRestaurants
FilingsSEC EDGAR

Questions, answered.

What is Dutch Bros's market cap?
Dutch Bros (BROS) has a market capitalization of $9.0B and trades on NYSE.
What is Dutch Bros's revenue and profitability?
Dutch Bros generated $1.7B in trailing twelve-month revenue with net income of $80.6M, representing a net margin of 4.6%. Gross margin stands at 25.3%, with free cash flow of $90.8M. These figures are based on the Q1 2026 filing.
Who are Dutch Bros's competitors?
Dutch Bros's key competitors include Starbucks Corporation, Yum! Brands, Reborn Coffee, Inc. Common Stock, and others. These companies compete in similar markets and product categories.
Who does Dutch Bros partner with?
Dutch Bros's notable partners include Muscular Dystrophy Association, La Marzocco.
What subsidiaries does Dutch Bros have?
Dutch Bros's subsidiaries include Dutch Bros OpCo.
Where is Dutch Bros headquartered?
Dutch Bros is headquartered in United States of America and employs approximately 24,000 people. It has been publicly traded since 2021.