What is Dutch Bros's tax receivable agreement?

Dutch Bros (BROS) reported tax receivable agreement of $820.13M in Q1 2026.

How has Dutch Bros's tax receivable agreement changed year-over-year?

Dutch Bros's tax receivable agreement increased by 2.6% year-over-year, from $799.46M to $820.13M.

What is the long-term trend for Dutch Bros's tax receivable agreement?

Over 2 years (2023 to 2025), Dutch Bros's tax receivable agreement has grown at a 68.0% compound annual growth rate (CAGR), from $290.92M to $821.05M.

Dutch Bros BROS Tax receivable agreement

Other financials

Income statement

See full

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

See full

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

See full

Operating cash flow$84.7M+130%

CapEx$57.0M+25.1%

Free cash flow$27.7M+420%

Valuation

See full

Market cap$9.7B-10.3%

Enterprise value$10.58B-7.2%

P/E120.4×-128×

P/S5.6×-2.4×

Profitability

See full

Gross margin25.3%-1.1pp

Operating margin9.4%+1.2pp

Net margin4.6%+1.4pp

FCF margin5.2%+2.8pp

Returns & leverage

See full

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 bros:TaxReceivableAgreementLiability.

The official record: Dutch Bros’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

Ask your AI about Dutch Bros's tax receivable agreement.

Connect your AI assistant and see it in context, right in your chat.

Connect your AI

Claude

Questions, answered.

What is Dutch Bros's tax receivable agreement?: Dutch Bros (BROS) reported tax receivable agreement of $820.13M in Q1 2026.
How has Dutch Bros's tax receivable agreement changed year-over-year?: Dutch Bros's tax receivable agreement increased by 2.6% year-over-year, from $799.46M to $820.13M.
What is the long-term trend for Dutch Bros's tax receivable agreement?: Over 2 years (2023 to 2025), Dutch Bros's tax receivable agreement has grown at a 68.0% compound annual growth rate (CAGR), from $290.92M to $821.05M.