Dutch Bros Inc.BROS
What Dutch Bros Inc. does.
Dutch Bros Inc. is a Delaware corporation, and its Class A common stock trades on the New York Stock Exchange under the symbol “BROS”.
Dutch Bros is a high growth operator and franchisor of drive-thru shops that focus on serving high- QUALITY, hand-crafted beverages with unparalleled SPEED and superior SERVICE. Founded in 1992 by brothers Dane and Travis Boersma, Dutch Bros began with a double-head espresso machine and a pushcart in Grants Pass, Oregon. Today, we believe that Dutch Bros is one of the fastest-growing brands in the quick service beverage industry in the United States.
As of December 31, 2025, we had 1,136 shops, of which 811 were company-operated and 325 were franchise, across 25 states as shown in the graphic below. For additional information regarding company-operated and franchise shops by state, refer to Part I, Item 2 Properties of this Form 10-K.
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $327.4M | $497.9M | $739.0M | $965.8M | $1.3B | $1.6B |
| Net income | $0 | -$12.7M | -$4.8M | $1.7M | $35.3M | $79.8M |
| Free cash flow | $13.0M | -$38.1M | -$128.0M | -$88.5M | $24.7M | $54.4M |
More on BROS.
- Dutch Bros Inc. summary
- Dutch Bros Inc. financial statements
- Dutch Bros Inc. key metrics
- Dutch Bros Inc. health scores and style box
- Dutch Bros Inc. earnings
- Dutch Bros Inc. dividends
- Dutch Bros Inc. valuation
- Dutch Bros Inc. ownership and insiders
- Dutch Bros Inc. peers
Figures from Dutch Bros Inc.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.