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Dutch Bros BROS Franchising — Contract with Customer, Liability

Discontinued — last reported Q4 '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-K, filed February 13, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is Dutch Bros's franchising — contract with customer, liability?
Dutch Bros (BROS) reported franchising — contract with customer, liability of $2.62M in Q4 2024.
How has Dutch Bros's franchising — contract with customer, liability changed year-over-year?
Dutch Bros's franchising — contract with customer, liability increased by 8.7% year-over-year, from $2.41M to $2.62M.
What does franchising — contract with customer, liability mean?
The amount of money received from franchisees for services that have not yet been provided.
How do you interpret franchising — contract with customer, liability?
An increase suggests a strong pipeline of future franchise activity or prepayments, whereas a decrease may indicate a reduction in new franchise commitments or faster fulfillment of existing obligations.
How does franchising — contract with customer, liability compare across companies?
Comparable to contract liabilities or deferred revenue balances reported by other companies with long-term service contracts or franchise models.