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Dutch Bros BROS Noncash lease expense

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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:NoncashContributionExpense.

The official record: Dutch Bros’s 10-K, filed February 13, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Dutch Bros's noncash lease expense?
Dutch Bros (BROS) reported noncash lease expense of $0 in Q4 2025.
How has Dutch Bros's noncash lease expense changed year-over-year?
Dutch Bros's noncash lease expense decreased by 100.0% year-over-year, from $452.75K to $0.
What does noncash lease expense mean?
Non-cash accounting adjustments related to the cost of leasing facilities.
How do you interpret noncash lease expense?
Changes reflect shifts in lease accounting treatment or the expansion of the physical footprint through leasing rather than ownership.
How does noncash lease expense compare across companies?
Standard for retail companies with large physical footprints; comparable across firms using ASC 842 or IFRS 16.