📊 BROS Key Takeaways
Investment Thesis
Dutch Bros demonstrates solid revenue growth of 27.9% YoY with improving operational efficiency (9.8% operating margin) and healthy free cash flow generation of $54.4M. However, net income declined 31.9% despite revenue growth, and elevated insider transactions combined with thin 4.9% net margins and capital intensity concerns warrant a cautious stance on fundamental quality.
BROS Strengths
- Strong top-line growth of 27.9% YoY with $1.6B revenue demonstrates market expansion
- Positive free cash flow of $54.4M shows ability to fund growth and operations from cash generation
- Conservative leverage with 0.30x debt-to-equity ratio and strong balance sheet with $269.4M cash
- Operating income growth to $161.2M reflects improving operational efficiency and scale benefits
BROS Risks
- Net income declined 31.9% YoY despite 27.9% revenue growth indicates deteriorating profitability quality and cost pressures
- Thin net margin of 4.9% leaves limited room for operational errors and provides weak cushion against market headwinds
- Capital expenditure of $241.1M against $295.5M operating cash flow suggests high capital intensity with 81.5% of OCF committed to capex
- Elevated insider transactions (18 Form 4 filings in 90 days) may signal management confidence uncertainty or stock option exercises
Key Metrics to Watch
- Net income trend and net margin expansion - critical to validate profitability recovery
- Free cash flow sustainability and capex efficiency - monitor if FCF margin improves above 3.3%
- Same-store sales growth and unit economics - key to validate organic growth quality beyond unit count expansion
- Operating leverage improvement - watch if operating margin can expand further with revenue scale
BROS Financial Metrics
💡 AI Analyst Insight
The relatively thin 3.3% FCF margin may limit capital allocation flexibility.
BROS Profitability Ratios
BROS vs Consumer Sector
How Dutch Bros Inc. compares to Consumer sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
BROS Balance Sheet & Liquidity
BROS 5-Year Financial Trend
5-Year Trend Summary: Dutch Bros Inc.'s revenue has grown significantly by 229% over the 5-year period, indicating strong business expansion. The most recent EPS of $0.03 reflects profitable operations.
BROS Growth Metrics (YoY)
BROS Quarterly Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $338.2M | $12.6M | $0.11 |
| Q2 2025 | $324.9M | $11.9M | $0.12 |
| Q1 2025 | $275.1M | $7.1M | $0.08 |
| Q3 2024 | $264.5M | $3.1M | $0.05 |
| Q2 2024 | $249.9M | -$1.1M | $-0.02 |
| Q1 2024 | $197.3M | -$3.8M | $-0.07 |
| Q3 2023 | $198.6M | $1.8M | $0.03 |
| Q2 2023 | $186.4M | -$906.0K | $-0.02 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
BROS Capital Allocation
BROS SEC Filings
Access official SEC EDGAR filings for Dutch Bros Inc. (CIK: 0001866581)
📋 Recent SEC Filings
| Date | Form | Document | Action |
|---|---|---|---|
| Mar 2, 2026 | 4 | xslF345X05/wk-form4_1772497450.xml | View → |
| Mar 2, 2026 | 4 | xslF345X05/wk-form4_1772497374.xml | View → |
| Mar 2, 2026 | 4 | xslF345X05/wk-form4_1772497356.xml | View → |
| Mar 2, 2026 | 4 | xslF345X05/wk-form4_1772497338.xml | View → |
| Mar 2, 2026 | 4 | xslF345X05/wk-form4_1772497323.xml | View → |
❓ Frequently Asked Questions about BROS
What is the AI rating for BROS?
Dutch Bros Inc. (BROS) has an AI rating of HOLD with 62% confidence, based on fundamental analysis of SEC EDGAR filings.
What are BROS's key strengths?
Strong top-line growth of 27.9% YoY with $1.6B revenue demonstrates market expansion. Positive free cash flow of $54.4M shows ability to fund growth and operations from cash generation.
What are the risks of investing in BROS?
Net income declined 31.9% YoY despite 27.9% revenue growth indicates deteriorating profitability quality and cost pressures. Thin net margin of 4.9% leaves limited room for operational errors and provides weak cushion against market headwinds.
What is BROS's revenue and growth?
Dutch Bros Inc. reported revenue of $1.6B.
Does BROS pay dividends?
Dutch Bros Inc. does not currently pay dividends.
Where can I find BROS SEC filings?
Official SEC filings for Dutch Bros Inc. (CIK: 0001866581) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is BROS's EPS?
Dutch Bros Inc. has a diluted EPS of $0.64.
How is the AI analysis conducted?
Our AI (Claude) analyzes publicly available SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports to evaluate financial health, profitability ratios, balance sheet strength, and growth metrics.