Dutch Bros Inc.
BROSNYSEConsumer Discretionary · Retail-Eating & Drinking Places · DE · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | $1.64B | $1.28B | $965.8M | $739.0M | $497.9M | $327.4M |
| Operating income | $161.2M | $106.1M | $46.2M | −$2.6M | −$111.2M | $11.0M |
| Net income | $79.8M | $35.3M | $1.7M | −$4.8M | −$12.7M | $0 |
| Total assets | $3.01B | $2.50B | $1.76B | $1.19B | $553.7M | $259.7M |
| Total liabilities | $2.11B | $1.74B | $1.09B | $934.4M | $340.0M | $183.7M |
| Equity | $680.8M | $537.4M | $364.3M | $129.1M | $94.5M | $76.0M |
| EPS (diluted) | $0.64 | $0.34 | $0.03 | $-0.09 | $-0.28 | — |
| Shares out. | 125.8M | 154.2M | 62.1M | 51.9M | 45.9M | — |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- 9.8%
- Net margin
- 4.9%
- Return on equity
- 11.7%
- Return on assets
- 2.7%
- Return on capital (ROCE)
- 5.8%
- Liabilities / assets
- 70.2%
- Debt / equity
- 3.10×
- Book value / share
- $5.41
- Revenue growth (YoY)
- 27.9%
- Net income growth (YoY)
- 126.5%
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Altman Z″ (distress)
- 1.06distress
- Accruals / assets
- −7.2%clean
- Beneish M-Score
- -2.19normal
- Piotroski F-Score
- 7/9strong
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 1 severe● 1 warning● 4 good- Altman Z″ in the distress zone
- High leverage (liabilities > 70% of assets)
- Operating margin is positive
- Revenue is growing year-over-year
- Positive operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Price T Rowe Associates Inc /Md/Passive (13G)May 15, 2026
- Fmr LlcPassive (13G)May 7, 2026
- Vanguard Capital Management LlcPassive (13G)Apr 29, 2026
- Blackrock, Inc.Passive (13G)Apr 27, 2026
- Vanguard Group IncPassive (13G)Mar 26, 2026
- Boersma TravisPassive (13G)Feb 13, 2026
- Baillie Gifford & CoPassive (13G)Apr 30, 2025
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 18.0M | 3.3 | -0.4% |
| Apr 30, 2026 | 18.1M | 4.5 | -10.2% |
| Apr 15, 2026 | 20.1M | 5.0 | +12.0% |
| Mar 31, 2026 | 18.0M | 5.1 | +28.7% |
| Mar 13, 2026 | 14.0M | 3.3 | +8.5% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Shareholder voteMay 15, 2026
- Results of operations · Regulation FD disclosureMay 6, 2026
- Results of operations · Regulation FD disclosureFeb 12, 2026
- Results of operations · Regulation FD disclosureNov 5, 2025
- Results of operations · Regulation FD disclosureAug 6, 2025
- Entered a material agreementMay 30, 2025
- Director / officer changeMay 22, 2025
- Director / officer change · Shareholder voteMay 16, 2025
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗Event-driven situations (1)
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