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Dutch Bros Inc.

BROSConsumer CyclicalNASDAQ

Restaurants · Last scanned May 30, 2026

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Financials · Annual
Revenue
$1.64B
+27.9% YoY
Net Income
$79.8M
+126.5% YoY
EBITDA
$279.1M
+36.2% YoY
Free Cash Flow
$39.7M

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About Dutch Bros Inc.

Dutch Bros Inc., together with its subsidiaries, operates and franchises drive-thru shops in the United States. The $10.13B market capitalization puts BROS squarely in large-cap range for its industry. The company sells and distributes coffee, coffee-related products, and accessories.

Key stats
Market Cap$10.13B
P/E (TTM)90.63
Fwd P/E46.65
EPS$0.64
Beta2.41
52W Change-19.2%
ROE13.8%
Analysis

On the balance sheet, BROS has $264.1M in cash with $1.16B in obligations. The ability to service this debt comfortably depends on continued operational cash generation. Annual free cash flow of $39.7M supports ongoing capital allocation decisions and provides a cushion against unexpected expenses or downturns. ROE of 13.8% points to decent capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. ROA of 3.7% is on the lower side, which is common in asset-heavy industries. Revenue has grown from $739.0M (2022) to $1.64B (2025), reflecting a 122% increase over the period.

A beta of 2.41 means BROS is more volatile than average. Investors should be prepared for wider price swings relative to broader indices. At over 50x earnings, BROS carries valuation risk — any slowdown in growth expectations could lead to meaningful price adjustments. These risk factors are not exhaustive — macroeconomic shifts, regulatory changes, and competitive dynamics can all influence Dutch Bros Inc.'s trajectory.

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