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Dutch Bros BROS Card, reward redemptions and breakage — Contract with Customer, Liability

Discontinued — last reported Q3 '24

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Other financials

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

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Market cap$9.7B-10.3%
Enterprise value$10.58B-7.2%
P/E120.4×-128×
P/S5.6×-2.4×

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×

Where this comes from

Reported directly by Dutch Bros in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiability.

The official record: Dutch Bros’s 10-Q, filed November 7, 2024, on SEC EDGAR. View the filing →

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Questions, answered.

What is Dutch Bros's card, reward redemptions and breakage — contract with customer, liability?
Dutch Bros (BROS) reported card, reward redemptions and breakage — contract with customer, liability of $39.57M in Q3 2024.
How has Dutch Bros's card, reward redemptions and breakage — contract with customer, liability changed year-over-year?
Dutch Bros's card, reward redemptions and breakage — contract with customer, liability increased by 54.9% year-over-year, from $25.54M to $39.57M.
What is the long-term trend for Dutch Bros's card, reward redemptions and breakage — contract with customer, liability?
Over 2 years (2021 to 2023), Dutch Bros's card, reward redemptions and breakage — contract with customer, liability has grown at a 32.2% compound annual growth rate (CAGR), from $64.06M to $111.91M.
What does card, reward redemptions and breakage — contract with customer, liability mean?
The total value of customer prepayments and earned rewards that have not yet been used.
How do you interpret card, reward redemptions and breakage — contract with customer, liability?
An increase suggests higher customer engagement and future revenue potential, while a decrease may indicate lower prepaid activity or faster redemption rates.
How does card, reward redemptions and breakage — contract with customer, liability compare across companies?
Similar to deferred revenue or unearned revenue accounts found in retail and restaurant companies with loyalty programs.