Dutch Bros Inc.

BROS

BROSDutch Bros Inc. US flag

New York Stock Exchange

64.00

USD

+0.01

- -

11.06BMarket Cap

Income Statement (USD)

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	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Sales/Revenue/Turnover	238	327	498	739	966	1,281	1,638
+ Sales & Services Revenue	238	327	498	739	966	1,281	1,638
- Cost of Revenue	142	211	345	558	714	941	1,214
+ Cost of Goods & Services	142	211	345	558	714	941	1,214
Gross Profit	96	116	153	181	251	340	424
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	66	105	265	184	205	234	263
+ Selling, General & Admin	66	105	265	184	203	233	259
+ Research & Development	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	- -	- -	- -	- -	2	1	3
Operating Income (Loss)	30	11	-111	-3	46	106	161
- Non-Operating (Income) Loss	2	4	8	14	29	21	26
+ Interest Expense, Net	2	4	7	18	32	27	28
+ Interest Expense	2	4	7	18	32	27	28
- Interest Income	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	-1	- -	1	-4	-3	-6	-3
Pretax Income	28	7	-120	-17	17	85	136
- Income Tax Expense (Benefit)	- -	1	-2	3	7	18	18
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	28	6	-118	-19	10	66	117
- Net Extraordinary Losses (Gains)	- -	12	-211	-29	16	62	75
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	12	-211	-29	16	62	75
Income (Loss) Incl. MI	28	-6	93	10	-7	4	42
- Minority Interest	- -	-6	105	14	-8	-31	-37
Net Income, GAAP	28	- -	-13	-5	2	35	80
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	28	- -	-13	-5	2	35	80
EBIT	30	11	-111	-3	46	106	161
EBITDA	40	27	-86	42	115	199	276
EBITDA Margin (%)	16.77	8.11	-17.28	5.7	11.94	15.54	16.87
EBITA	30	11	-111	-3	46	106	161
Gross Margin (%)	40.3	35.41	30.79	24.48	26.02	26.55	25.88
Operating Margin (%)	12.71	3.36	-22.34	-0.35	4.79	8.28	9.84
Profit Margin (%)	11.91	- -	-2.55	-0.64	0.18	2.75	4.87
Sales per Employee	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	0.14	0.17	4.65	- -	- -	- -	- -
Depreciation Expense	10	16	25	45	69	93	115
Basic Weighted Avg Shares	47	47	46	52	62	104	125
Basic EPS, GAAP	0.61	- -	-0.28	-0.09	0.03	0.34	0.64
Basic EPS from Cont Ops	0.61	0.13	-2.57	-0.37	0.16	0.64	0.94
Diluted Weighted Avg Shares	47	47	46	52	62	104	126
Diluted EPS, GAAP	0.61	- -	-0.28	-0.09	0.03	0.34	0.63
Diluted EPS from Cont Ops	0.61	0.13	-2.57	-0.37	0.16	0.64	0.93

Balance Sheet (USD)

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	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Current Assets	37	63	61	82	205	358	357
+ Cash, Cash Equivalents & STI	16	32	19	20	134	293	269
+ Cash & Cash Equivalents	16	32	19	20	134	293	269
+ ST Investments	- -	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	7	11	11	12	9	11	18
+ Accounts Receivable, Net	7	11	11	12	9	11	18
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -	- -	- -	- -
+ Inventories	11	16	23	39	47	36	49
+ Raw Materials	1	5	8	21	29	15	26
+ Work In Process	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	10	11	15	18	18	22	23
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	4	5	9	11	16	18	21
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	131	197	492	1,104	1,559	2,146	2,653
+ Property, Plant & Equip, Net	103	165	302	783	1,125	1,374	1,680
+ Property, Plant & Equip	126	200	357	855	1,241	1,550	1,942
- Accumulated Depreciation	23	35	55	72	116	177	262
+ LT Investments & Receivables	- -	- -	- -	- -	- -	- -	- -
+ LT Investments	- -	- -	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	28	31	190	321	434	772	974
+ Total Intangible Assets	27	29	30	30	27	3	2
+ Goodwill	17	18	19	22	22	22	- -
+ Other Intangible Assets	11	11	11	9	5	-19	2
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	1	2	161	291	407	769	972
Total Assets	168	260	554	1,186	1,764	2,501	3,009
+ Payables & Accruals	20	26	41	31	46	32	38
+ Accounts Payable	13	16	20	21	30	32	38
+ Accrued Taxes	- -	- -	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	7	10	21	10	16	- -	- -
+ ST Debt	4	21	68	131	24	45	40
+ ST Borrowings	3	19	64	113	4	17	4
+ ST Finance Leases	1	2	3	17	20	27	36
+ Other ST Liabilities	8	13	30	51	68	126	163
+ Deferred Revenue	8	11	23	25	30	43	56
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	1	1	7	26	38	83	107
Total Current Liabilities	33	60	139	213	138	203	240
+ LT Debt	44	74	83	495	652	898	1,049
+ LT Borrowings	23	24	4	96	93	220	196
+ LT Finance Leases	21	50	80	398	559	679	852
+ Other LT Liabilities	14	50	118	227	298	636	822
+ Accrued Liabilities	6	7	8	6	7	8	9
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	7	42	110	221	291	628	813
Total Noncurrent Liabilities	57	124	201	722	950	1,534	1,871
Total Liabilities	90	184	340	934	1,088	1,737	2,111
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	- -	- -	107	146	379	517	581
+ Common Stock	- -	- -	- -	- -	- -	- -	- -
+ Additional Paid in Capital	- -	- -	107	146	379	517	581
- Treasury Stock	- -	- -	- -	- -	- -	- -	- -
+ Retained Earnings	- -	- -	-13	-17	-16	20	100
+ Other Equity	- -	- -	- -	1	1	1	- -
Equity Before Minority Interest	78	76	95	129	364	537	681
+ Minority/Non Controlling Interest	- -	- -	119	123	312	226	217
Total Equity	78	76	214	252	676	764	898
Total Liabilities & Equity	168	260	554	1,186	1,764	2,501	3,009
Shares Outstanding	47	47	50	58	81	115	127
Number of Employees	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	22	52	83	416	579	706	889
Net Debt	10	12	49	190	-36	-56	-69
Net Debt to Equity	13.39	15.15	23.02	75.24	-5.31	-7.37	-7.71
Tangible Common Equity Ratio	36.07	20.23	35.11	19.17	37.36	30.46	29.8
Current Ratio	1.12	1.05	0.44	0.39	1.49	1.76	1.49
Cash Conversion Cycle	- -	7.99	9.57	12.78	13.05	6.8	5.67

Cash Flow Statement (USD)

API ChatGPT

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

+ Net Income	28	6	-118	-19	10	66	117
+ Depreciation & Amortization	10	16	25	45	69	93	115
+ Non-Cash Items	7	36	157	50	55	40	53
+ Stock-Based Compensation	7	35	158	42	39	11	18
+ Deferred Income Taxes	- -	- -	-3	1	6	15	18
+ Asset Impairment Charge	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Cash Adj	- -	1	2	7	10	13	18
+ Chg in Non-Cash Work Cap	12	-4	16	-15	6	47	10
+ (Inc) Dec in Accts Receiv	-1	-4	- -	-1	3	-1	-8
+ (Inc) Dec in Inventories	- -	-5	-8	-16	-8	10	-12
+ (Inc) Dec in Prepaid Assets	2	-1	-4	-1	-5	-2	-4
+ Inc (Dec) in Accts Payable	6	2	10	8	4	4	4
+ Inc (Dec) in Other	3	5	17	-5	12	37	30
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	57	54	80	60	140	246	296
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	3	1	1	10	- -
+ Disp of Fixed Prod Assets	- -	- -	3	1	1	10	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-39	-41	-118	-188	-228	-222	-241
+ Acq of Fixed Prod Assets	-39	-41	-118	-188	-228	-222	-241
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	- -	- -	237	- -	331	- -	- -
+ Increase in Capital Stock	- -	- -	525	- -	331	- -	- -
+ Decrease in Capital Stock	- -	- -	-288	- -	- -	- -	- -
+ Net Change in LT Investment	- -	- -	- -	- -	- -	- -	- -
+ Dec in LT Investment	- -	- -	- -	- -	- -	- -	- -
+ Inc in LT Investment	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Acq & Div	-1	-5	-5	-6	- -	- -	- -
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	-1	-5	-5	-6	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-40	-46	-121	-193	-227	-212	-241
+ Dividends Paid	-7	-8	-213	- -	- -	- -	- -
+ Net Cash From Debt	-6	16	21	289	-126	128	-53
+ Cash From Debt	- -	45	266	317	92	152	250
+ Repayments of Debt	-6	-29	-245	-28	-218	-24	-303
+ Other Financing Activities	- -	- -	-18	-155	-4	-3	-26
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-13	8	28	134	201	125	-78
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -	- -
Net Changes in Cash	4	16	-13	2	113	160	-24
EBITDA	40	27	-86	42	115	199	276
EBITDA Margin (%)	16.77	8.11	-17.28	5.7	11.94	15.54	16.87
Free Cash Flow	17	13	-38	-128	-89	25	54
Net Cash Paid for Acquisitions	1	5	5	6	- -	- -	- -
Free Cash Flow to Firm	20	16	- -	- -	-70	46	79
Free Cash Flow to Equity	- -	29	-14	162	-213	163	2
Free Cash Flow per Basic Share	0.37	0.28	-0.83	-2.47	-1.43	0.24	0.43
Price/Free Cash Flow	- -	- -	11.74	5.9	5.34	11.65	14.35
Cash Flow to Net Income	2	- -	-6.34	-12.6	81.44	6.99	3.7
Capital Expenditures	-39	-41	-118	-188	-228	-222	-241