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Dutch Bros Inc. logo

Dutch Bros Inc.

BROS

NYSEConsumer CyclicalRestaurants

Open in GoAI

Previous close

$49.87

+$0.50 · +1.01%

Aug 21, 4:00 PM ET

Pre-market

$49.94

+$0.07 · +0.14%

Aug 24, 7:40 AM ET

BROS company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

76

Undervalued

Momentum

60

Neutral

Sentiment

52

Mixed

Risk resilience

47

Elevated Risk

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Company profile

Company website

Dutch Bros Inc., in collaboration with its subsidiaries, operates and licenses drive-thru establishments throughout the United States. The company's business model is divided into two primary divisions: its directly owned and managed shops, and its franchising and other related ventures. Customers are served through the firm's corporate-operated locations and its online platforms, utilizing brand names like Dutch Bros, Dutch Bros Coffee, Dutch Bros Rebel, and Blue Rebel. Established in 1992, Dutch Bros Inc. has its corporate headquarters situated in Grants Pass, Oregon.

Industry
Restaurants
Sector
Consumer Cyclical
Headquarters
US
CEO
Christine Barone
Listed since
Sep 15, 2021
Employees
27,000

Market position

Day range

Current $49.87

52-week range

Current $49.87

Open
$49.34
Previous close
$49.37
Volume
2.3M
0.59× average
Average volume
3.91M
Average daily volume
Market cap
8.62B USD
Beta
2.33
Market reference 1
50-day average
$62.9116
-20.73% below average
200-day average
$57.483
-13.24% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
11.27B USD
EV / EBITDA
40.37×
Earnings yield
1.04%
Free cash flow yield
0.71%

Profitability & efficiency

Return on equity
11.73%
Return on assets
2.65%
Return on invested capital
4.96%

Financial health

Current ratio
1.49×
Altman Z-score
2.97
Piotroski F-score
6 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends36%15%-6%-28%Gross margin, FY2021: 30.79%Gross margin, FY2022: 24.48%Gross margin, FY2023: 26.02%Gross margin, FY2024: 26.55%Gross margin, FY2025: 25.88%Operating margin, FY2021: -22.34%Operating margin, FY2022: -0.35%Operating margin, FY2023: 4.79%Operating margin, FY2024: 8.28%Operating margin, FY2025: 9.84%Net margin, FY2021: -2.55%Net margin, FY2022: -0.64%Net margin, FY2023: 0.18%Net margin, FY2024: 2.75%Net margin, FY2025: 4.87%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 30.79%. Gross margin FY2022 24.48%. Gross margin FY2023 26.02%. Gross margin FY2024 26.55%. Gross margin FY2025 25.88%. Operating margin FY2021 -22.34%. Operating margin FY2022 -0.35%. Operating margin FY2023 4.79%. Operating margin FY2024 8.28%. Operating margin FY2025 9.84%. Net margin FY2021 -2.55%. Net margin FY2022 -0.64%. Net margin FY2023 0.18%. Net margin FY2024 2.75%. Net margin FY2025 4.87%.

Income trends

Revenue

1.64B USD+27.88%

Operating income

161.18M USD+51.92%

Net income

79.84M USD+126.45%
Income trends across reported periods1.81B USD1.11B USD413.59M USD−286.16M USDRevenue, FY2021: 497.88M USDRevenue, FY2022: 739.01M USDRevenue, FY2023: 965.78M USDRevenue, FY2024: 1.28B USDRevenue, FY2025: 1.64B USDOperating income, FY2021: −111.23M USDOperating income, FY2022: −2.61M USDOperating income, FY2023: 46.22M USDOperating income, FY2024: 106.09M USDOperating income, FY2025: 161.18M USDNet income, FY2021: −12.68M USDNet income, FY2022: −4.75M USDNet income, FY2023: 1.72M USDNet income, FY2024: 35.26M USDNet income, FY2025: 79.84M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 497.88M USD. Revenue FY2022 739.01M USD. Revenue FY2023 965.78M USD. Revenue FY2024 1.28B USD. Revenue FY2025 1.64B USD. Operating income FY2021 −111.23M USD. Operating income FY2022 −2.61M USD. Operating income FY2023 46.22M USD. Operating income FY2024 106.09M USD. Operating income FY2025 161.18M USD. Net income FY2021 −12.68M USD. Net income FY2022 −4.75M USD. Net income FY2023 1.72M USD. Net income FY2024 35.26M USD. Net income FY2025 79.84M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue1.64B USD1.28B USD965.78M USD739.01M USD497.88M USD
Cost of goods sold1.21B USD940.89M USD714.48M USD558.1M USD344.57M USD
Gross profit423.95M USD340.13M USD251.3M USD180.92M USD153.3M USD
Selling, general, and administrative259.39M USD234.04M USD205.07M USD183.53M USD264.53M USD
Operating expenses262.77M USD234.04M USD205.07M USD183.53M USD264.53M USD
Interest expense28.31M USD27.02M USD32.32M USD18.02M USD7.09M USD
Depreciation and amortization115.13M USD93.01M USD69.14M USD44.73M USD25.22M USD
Operating income161.18M USD106.09M USD46.22M USD−2.61M USD−111.23M USD
Net income79.84M USD35.26M USD1.72M USD−4.75M USD−12.68M USD

Company facts updated Aug 24, 2026.

Earnings

Latest fiscal-year EPS
0.63
FY2025 · +103.23% year over year
Latest fiscal-year revenue
1.64B USD
FY2025 · +27.88% year over year
Next fiscal-year EPS consensus
0.957
FY2026 · 10 analysts
Next fiscal-year revenue consensus
2.13B USD
FY2026 · 13 analysts

Annual EPS trend

Reported history and fiscal-year consensus

ReportedConsensus forecast
Annual EPS trend1.861.080.3-0.47FY21FY22FY23FY24FY25FY26FY27FY28

Annual revenue trend

Reported history and fiscal-year consensus

ReportedConsensus forecast
Annual revenue trend3.66B2.51B1.36B210.02MFY21FY22FY23FY24FY25FY26FY27FY28

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$77.82

56.05% upside
Past 12 months12-month forecastHigh $88.00Average $77.82Low $68.00

Rating distribution

25 ratings
Strong buy00%
Buy2496%
Hold14%
Sell00%
Strong sell00%

Recent analyst actions

12 institutions
Stephens & Co.maintainOverweight
Telsey Advisory GroupmaintainOutperform
OppenheimermaintainOutperform

BROS news

zacks.com

Dutch Bros Raises 2026 Outlook as Traffic and Expansion Accelerate

BROS raises its 2026 outlook after strong Q2 growth, with traffic and expansion supporting sales while rising costs remain a key risk.

Read source
zacks.com

Is Dutch Bros Worth Buying as Growth Surges but Valuation Stays Rich?

BROS' strong growth and transaction gains support its outlook, but a rich valuation and rising costs leave less room for execution errors.

Read source
zacks.com

BROS Falls 22.9% in a Month While Growth Holds and Cost Risks Rise

BROS' strong traffic and unit growth face cost pressures, while the stock's pullback has improved its valuation without removing risks.

Read source
fool.com

Starbucks Is Up 25% This Year While Dutch Bros Lags. Is the Gap Justified?

Starbucks' turnaround is gaining traction even as its higher costs put pressure on profits. Dutch Bros fast revenue growth and improving profitability show a scalable model.

Read source
prnewswire.com

Dutch Bros® Brings Back Fall Favorites with an Exciting New Autumn Addition

/PRNewswire/ -- Sweater weather just made a serious comeback with the highly anticipated return of the Caramel Pumpkin Brûlée and Cookie Butter, as well as the

Read source
defenseworld.net

Dutch Bros Inc. (NYSE:BROS) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Dutch Bros Inc. (NYSE: BROS - Get Free Report) have received an average recommendation of "Moderate Buy" from the twenty-two research firms that are covering the firm, MarketBeat.com reports. Three investment…

Read source

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ETFs holding BROS

Funds reporting this stock among their holdings, ordered by reported position size.

Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
287.7M
Weight
0.01%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24+0.44%
iShares Core S&P Mid-Cap ETF logoiShares Core S&P Mid-Cap ETFIJH
Market value
222.53M
Weight
0.17%
AUM
125.92B USD
Expense ratio
0.05%
Price / 1D
$76.77+0.52%
Vanguard Morningstar Small-Cap ETF logoVanguard Morningstar Small-Cap ETFVB
Market value
207.67M
Weight
0.11%
AUM
183.4B USD
Expense ratio
0.03%
Price / 1D
$304.76+0.64%
Vanguard Morningstar Small-Cap Growth ETF logoVanguard Morningstar Small-Cap Growth ETFVBK
Market value
120.19M
Weight
0.27%
AUM
43.8B USD
Expense ratio
0.05%
Price / 1D
$358.65+0.70%
Vanguard Extended Market ETF logoVanguard Extended Market ETFVXF
Market value
96.72M
Weight
0.10%
AUM
93.7B USD
Expense ratio
0.05%
Price / 1D
$245.53+0.82%
State Street SPDR S&P MIDCAP 400 ETF Trust logoState Street SPDR S&P MIDCAP 400 ETF TrustMDY
Market value
46.13M
Weight
0.17%
AUM
26.72B USD
Expense ratio
0.23%
Price / 1D
$699.6+0.48%
iShares Russell Mid-Cap Growth ETF logoiShares Russell Mid-Cap Growth ETFIWP
Market value
33.39M
Weight
0.16%
AUM
20.62B USD
Expense ratio
0.23%
Price / 1D
$143.66+0.99%
State Street SPDR Portfolio S&P 400 Mid Cap ETF logoState Street SPDR Portfolio S&P 400 Mid Cap ETFSPMD
Market value
32.68M
Weight
0.17%
AUM
18.77B USD
Expense ratio
0.03%
Price / 1D
$67.27+0.52%

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