← Dutch Bros Inc.
| Annual Trend | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|
| ASSETS | |||||||
| Current assets: | |||||||
| Cash and Cash Equivalents, at Carrying Value | $31.6m | $18.5m | $20.2m | $133.5m | $293.4m | $269.4m | |
| Prepaid Expense and Other Assets, Current | $5.0m | $8.8m | $10.9m | $15.6m | $17.5m | $20.7m | |
| Cash and cash equivalents | $31.6m | $18.5m | $20.2m | $133.5m | $293.4m | $269.4m | |
| Accounts receivable, net | $10.8m | $10.6m | $12.0m | $9.1m | $10.6m | $18.4m | |
| Inventories, net | $15.6m | $23.3m | $39.2m | $47.0m | $36.5m | $48.9m | |
| Prepaid expenses and other current assets | $5.0m | $8.8m | $10.9m | $15.6m | $17.5m | $20.7m | |
| Inventory, Net | $15.6m | $23.3m | $39.2m | $47.0m | $36.5m | $48.9m | |
| Assets, Current | $63.1m | $61.3m | $82.3m | $205.3m | $357.9m | $357.4m | |
| Total current assets | $63.1m | $61.3m | $82.3m | $205.3m | $357.9m | $357.4m | |
| Property, Plant and Equipment, Net | $165.4m | $302.0m | $365.5m | $542.4m | $684.0m | $824.5m | |
| Goodwill | $18.1m | $18.7m | $21.6m | $21.6m | $21.6m | $21.6m | |
| Operating Lease, Right-of-Use Asset | — | — | $169.3m | $199.7m | $315.3m | $449.0m | |
| Other Assets, Noncurrent | $1.6m | $1.6m | $2.1m | $3.9m | $2.6m | $25.5m | |
| Lease right-of-use assets, net | — | — | — | — | $689.9m | $855.3m | |
| Other long-term assets | $1.6m | $1.6m | $2.1m | $3.9m | $2.6m | $25.5m | |
| Accounts Receivable, after Allowance for Credit Loss, Current | $10.8m | $10.6m | $12.0m | $9.1m | $10.6m | $18.4m | |
| Deferred income tax assets, net | $193k | $159.0m | $288.8m | $403.0m | $742.1m | $946.6m | |
| Other current liabilities | $1.4m | $6.5m | $7.9m | $6.4m | $7.1m | $99.2m | |
| Deferred revenue | $11.2m | $22.8m | $25.3m | $30.3m | $42.9m | $55.7m | |
| Current portion of tax receivable agreements liability | $0 | $450k | $0 | $0 | $71k | $7.7m | |
| Current portion of lease liabilities | — | — | — | — | $27.2m | $36.5m | |
| Lease liabilities, net of current portion | — | — | — | — | $678.6m | $852.4m | |
| Tax receivable agreements liability, net of current portion | $0 | $109.3m | $220.9m | $290.9m | $627.8m | $813.4m | |
| Non-controlling interests | $0 | $116.7m | $122.9m | $311.6m | $226.5m | $217.1m | |
| Accrued Liabilities, Current | $10.0m | $24.5m | $27.5m | $15.8m | $26.5m | — | |
| Total equity | $76.0m | $210.2m | $252.0m | $675.9m | $763.9m | $897.9m | |
| Assets | $259.7m | $553.7m | $1.2b | $1.8b | $2.5b | $3.0b | |
| Total assets | $259.7m | $553.7m | $1.2b | $1.8b | $2.5b | $3.0b | |
| LIABILITIES AND EQUITY | |||||||
| Current liabilities: | |||||||
| Operating Lease, Liability, Current | — | — | $9.3m | $10.2m | $14.0m | $19.2m | |
| Accounts Payable, Current | $16.1m | $20.4m | $21.3m | $30.0m | $32.2m | $37.6m | |
| Long-term Debt, Current Maturities | $3.8m | $103k | $2.6m | $4.5m | $17.3m | $3.9m | |
| Operating Lease, Liability, Noncurrent | — | — | $161.2m | $191.4m | $309.3m | $449.7m | |
| Long-term Debt, Excluding Current Maturities | $24.4m | $3.5m | $96.3m | $93.2m | $219.8m | $196.3m | |
| Current portion of long-term debt | $3.8m | $103k | $2.6m | $4.5m | $17.3m | $3.9m | |
| Long-term debt, net of current portion | $24.4m | $3.5m | $96.3m | $93.2m | $219.8m | $196.3m | |
| Liabilities, Current | $59.9m | $142.3m | $212.7m | $138.1m | $203.1m | $240.5m | |
| Total current liabilities | $59.9m | $142.3m | $212.7m | $138.1m | $203.1m | $240.5m | |
| Other Liabilities, Noncurrent | $466k | $680k | $8k | $8k | $8k | $0 | |
| Other long-term liabilities | $466k | $680k | $8k | $8k | $8k | $0 | |
| Liabilities | $183.7m | $343.5m | $934.4m | $1.1b | $1.7b | $2.1b | |
| Total liabilities | $183.7m | $343.5m | $934.4m | $1.1b | $1.7b | $2.1b | |
| Stockholders’ equity: | |||||||
| Preferred Stock, Value, Issued | $0 | $0 | $0 | $0 | $0 | $0 | |
| Additional Paid in Capital | $0 | $106.4m | $145.6m | $379.4m | $517.1m | $581.3m | |
| Retained Earnings (Accumulated Deficit) | $0 | ($12.9m) | ($17.3m) | ($15.6m) | $19.7m | $99.5m | |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | — | — | $813k | $544k | $628k | $48k | |
| Preferred stock, $0.00001 par value per share - 20,000 shares authorized; zero shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively | 0 | 0 | 0 | 0 | 0 | 0 | |
| Accumulated other comprehensive income | — | $0 | $813k | $544k | $628k | $48k | |
| Stockholders' Equity Attributable to Parent | $76.0m | $93.5m | $129.1m | $364.3m | $537.4m | $680.8m | |
| Stockholders' Equity Attributable to Noncontrolling Interest | $0 | $116.7m | $122.9m | $311.6m | $226.5m | $217.1m | |
| Total stockholders' equity attributable to Dutch Bros Inc. | $76.0m | $93.5m | $129.1m | $364.3m | $537.4m | $680.8m | |
| Liabilities and Equity | $259.7m | $553.7m | $1.2b | $1.8b | $2.5b | $3.0b | |
| Total liabilities and equity | $259.7m | $553.7m | $1.2b | $1.8b | $2.5b | $3.0b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.