Dutch Bros Inc. (BROS) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
300 N VALLEY DR GRANTS PASS, OR 97526 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 581 - Eating And Drinking Places (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | |||
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Current Assets | ||||||
| Cash, cash equivalents, and short-term investments | 133,545 | 20,178 | 18,506 | |||
| Cash and cash equivalent | 133,545 | 20,178 | 18,506 | |||
| Receivables | 9,124 | 11,966 | 10,644 | |||
| Inventory, net of allowances, customer advances and progress billings | 46,953 | 39,229 | 23,345 | |||
| Inventory | 46,953 | 39,229 | 23,345 | |||
| Other undisclosed current assets | 15,637 | 10,949 | 8,796 | |||
| Total current assets: | 205,259 | 82,322 | 61,291 | |||
| Noncurrent Assets | ||||||
| Finance lease, right-of-use asset, after accumulated amortization | 382,734 | 247,943 | ||||
| Operating lease, right-of-use asset | 199,673 | 169,302 | ||||
| Property, plant and equipment | 542,440 | 365,468 | 301,998 | |||
| Intangible assets, net (including goodwill) | 27,044 | 30,433 | 29,818 | |||
| Goodwill | 21,629 | 21,629 | 18,715 | |||
| Intangible assets, net (excluding goodwill) | 5,415 | 8,804 | 11,103 | |||
| Deferred income tax assets | 402,995 | 288,765 | 159,031 | |||
| Other noncurrent assets | 3,865 | 2,127 | 1,562 | |||
| Total noncurrent assets: | 1,558,751 | 1,104,038 | 492,409 | |||
| TOTAL ASSETS: | 1,764,010 | 1,186,360 | 553,700 | |||
| LIABILITIES AND EQUITY | ||||||
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts payable and accrued liabilities | 45,727 | 48,722 | 44,953 | |||
| Accounts payable | 29,957 | 21,270 | 20,440 | |||
| Accrued liabilities | 15,770 | 27,452 | 24,513 | |||
| Deferred revenue | 30,349 | 25,335 | 22,807 | |||
| Debt | 13,973 | 10,580 | ||||
| Other liabilities | 6,423 | 7,860 | 6,471 | |||
| Other undisclosed current liabilities | 41,644 | 120,182 | 68,046 | |||
| Total current liabilities: | 138,116 | 212,679 | 142,277 | |||
| Noncurrent Liabilities | ||||||
| Long-term debt and lease obligation, including: | 99,062 | 100,028 | 3,503 | |||
| Long-term debt, excluding current maturities | 93,175 | 96,297 | 3,503 | |||
| Finance lease, liability | 367,775 | 237,130 | ||||
| Other undisclosed long-term debt and lease obligation | (361,888) | (233,399) | ||||
| Liabilities, other than long-term debt | 198,103 | 167,355 | 8,863 | |||
| Deferred revenue | 6,676 | 6,119 | 5,030 | |||
| Deferred rent credit | 3,153 | |||||
| Other liabilities | 8 | 8 | 680 | |||
| Operating lease, liability | 191,419 | 161,228 | ||||
| Other undisclosed noncurrent liabilities | 652,808 | 454,322 | 188,871 | |||
| Total noncurrent liabilities: | 949,973 | 721,705 | 201,237 | |||
| Total liabilities: | 1,088,089 | 934,384 | 343,514 | |||
| Equity | ||||||
| Equity, attributable to parent, including: | 364,345 | 129,118 | 93,498 | |||
| Additional paid in capital | 379,391 | 145,613 | 106,410 | |||
| Accumulated other comprehensive income | 544 | 813 | ||||
| Retained earnings (accumulated deficit) | (15,592) | (17,310) | (12,914) | |||
| Other undisclosed equity, attributable to parent | 2 | 2 | 2 | |||
| Equity, attributable to noncontrolling interest | 311,576 | 122,858 | 116,688 | |||
| Total equity: | 675,921 | 251,976 | 210,186 | |||
| TOTAL LIABILITIES AND EQUITY: | 1,764,010 | 1,186,360 | 553,700 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|---|
| Revenues | 965,776 | 739,012 | 497,876 | ||
| Cost of revenue | (714,480) | (558,096) | (346,113) | ||
| Cost of product and service sold | (714,480) | (558,096) | (346,113) | ||
| Gross profit: | 251,296 | 180,916 | 151,763 | ||
| Operating expenses | (205,074) | (183,528) | (265,035) | ||
| Operating income (loss): | 46,222 | (2,612) | (113,272) | ||
| Nonoperating expense | (29,303) | (14,042) | (8,333) | ||
| Other nonoperating income (expense) | 3,018 | 3,976 | (1,240) | ||
| Interest and debt expense | (17,516) | (9,263) | (1,286) | ||
| Income (loss) from continuing operations before income taxes: | (597) | (25,917) | (122,891) | ||
| Income tax expense (benefit) | (6,967) | (2,599) | 1,628 | ||
| Income (loss) from continuing operations: | (7,564) | (28,516) | (121,263) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (121,263) | |
| Other undisclosed net income | 17,516 | 9,263 | 1,286 | ||
| Net income (loss): | 9,952 | (19,253) | (119,977) | ||
| Net income attributable to noncontrolling interest | 38,461 | ||||
| Other undisclosed net income (loss) attributable to parent | (8,234) | 14,500 | 68,602 | ||
| Net income (loss) available to common stockholders, basic: | 1,718 | (4,753) | (12,914) | ||
| Dilutive securities, effect on basic earnings per share | |||||
| Net income (loss) available to common stockholders, diluted: | 1,718 | (4,753) | (12,914) | ||
Comprehensive Income ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|---|
| Net income (loss): | 9,952 | (19,253) | (119,977) | ||
| Other undisclosed comprehensive income (loss) | (748) | 2,908 | |||
| Comprehensive income (loss): | 9,204 | (16,345) | (119,977) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (7,755) | 12,405 | 38,461 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 1,449 | (3,940) | (81,516) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.