Stocks Consumer discretionary BROS
NYSE · Consumer discretionaryDutch Bros Inc. (BROS)
Dutch Bros Inc. brought in $2B of revenue over the twelve months to September 30, 2026, up 30.7% from a year earlier. Net income was $102M, a net margin of 5.1%. Operating cash flow minus capital spending left $54.4M of free cash flow in fiscal 2025. At September 30, 2026 it held $194.6M in cash against $199.5M of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 5, 2026.
Key facts about Dutch Bros Inc.
- Net worth
- Dutch Bros Inc. has a market value (market cap) of $6.2B at the latest share price, and shareholders' equity of $829.8M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $1.6B (+27.9% year on year), with net income of $79.8M. Over the 12 months to September 30, 2026: revenue $2B, net income $102M.
- Cash flow
- In fiscal 2025 operations brought in $295.5M of cash; after $241.1M of capital spending, free cash flow was $54.4M.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 5, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Dutch Bros Inc.'s next report is expected around February 11, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
What Dutch Bros Inc. does
Dutch Bros Inc. is registered with the SEC under industry code SIC 5810 (Retail-Eating & Drinking Places). Its shares trade on NYSE under the ticker BROS.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $1.6B | $79.8M | $0.64 | $54.4M |
| 2024 | $1.3B | $35.3M | $0.34 | $24.7M |
| 2023 | $965.8M | $1.7M | $0.03 | -$88.5M |
| 2022 | $739M | -$4.8M | -$0.09 | -$128M |
| 2021 | $497.9M | -$12.7M | -$0.28 | -$38.1M |
| 2021 | $327.4M | $0 | n/a | $13M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where BROS ranks in Consumer discretionary
Latest SEC filings
What Dutch Bros Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 6, 2026
- November 5, 2026Passive stake changed SCHEDULE 13G/A
- November 5, 2026Quarterly report 10-Q · period to September 30, 2026Revenue rose 30% to $549.8M versus the same quarter last year; diluted EPS $0.20 versus $0.14.
- November 4, 2026
- September 3, 2026
- August 12, 2026Passive stake changed SCHEDULE 13G/A
- August 6, 2026Passive stake changed SCHEDULE 13G/A
- August 6, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 32% to $550.9M versus the same quarter last year; diluted EPS $0.28 versus $0.20.
- August 5, 2026
- May 19, 2026Shareholder vote results 8-K/A
What is BROS worth? A DCF from its reported cash flow
Insider trades
What the people running Dutch Bros Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders bought $103.1K and sold $266.7M worth of shares in the last 90 days. All of the selling was pre-planned under Rule 10b5-1 trading plans.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| November 4, 2026 | DM Trust Aggregator, LLC10% owner | Soldpre-planned (10b5-1) | 499,041 | $22.3M |
| November 4, 2026 | DM Trust Aggregator, LLC10% owner | Soldpre-planned (10b5-1) | 173,891 | $7.8M |
| November 4, 2026 | DM Individual Aggregator, LLC10% owner | Soldpre-planned (10b5-1) | 266,443 | $11.9M |
| November 4, 2026 | DM Individual Aggregator, LLC10% owner | Soldpre-planned (10b5-1) | 92,841 | $4.2M |
| November 4, 2026 | Boersma TravisExecutive Chairman of Board, Director, 10% owner | Soldpre-planned (10b5-1), indirect | 499,041 | $22.3M |
| November 4, 2026 | Boersma TravisExecutive Chairman of Board, Director, 10% owner | Soldpre-planned (10b5-1), indirect | 173,891 | $7.8M |
| November 4, 2026 | Boersma TravisExecutive Chairman of Board, Director, 10% owner | Soldpre-planned (10b5-1), indirect | 266,443 | $11.9M |
| November 4, 2026 | Boersma TravisExecutive Chairman of Board, Director, 10% owner | Soldpre-planned (10b5-1), indirect | 92,841 | $4.2M |
Who owns BROS
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Travis Boersma13G, passive with 3 related filers | 31.5% | May 13, 2025 |
| Fmr LLC13G, passive with 1 related filers | 12.2% | August 6, 2026 |
| T. Rowe Price Associates, Inc.13G, passive | 6% | May 15, 2026 |
| Vanguard Capital Management13G, passive | 5.24% | April 29, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 556 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| Fmr LLC | 16,724,132 | +7,157,735 |
| BlackRock, Inc. | 14,662,985 | +784,858 |
| Vanguard Capital Management LLC | 6,066,585 | +376,484 |
| Vanguard Portfolio Management LLC | 5,938,536 | +466,063 |
| State Street Corp | 3,851,321 | +71,814 |
| Wellington Management Group Llp | 3,090,882 | +851,075 |
| Baillie Gifford & Co | 2,738,885 | -255,326 |
| Geode Capital Management, LLC | 2,483,555 | -46,574 |
| Citadel Advisors LLC | 2,210,958 | +204,005 |
| Westfield Capital Management Co LP | 2,184,001 | -129,356 |
| 1832 Asset Management L.P. | 2,011,800 | +981,500 |
| Goldman Sachs Group Inc | 1,990,163 | +299,001 |
| Morgan Stanley | 1,887,011 | -576,589 |
| American Century Companies Inc | 1,716,097 | +388,723 |
| Bank of America Corp | 1,603,022 | -211,793 |
| TSG Consumer Partners LP | 1,587,292 | -692,554 |
| Marshall Wace, Llp | 1,459,562 | -1,134,295 |
| Joho Capital LLC | 1,418,394 | 0 |
| Dimensional Fund Advisors LP | 1,259,865 | +55,539 |
| Charles Schwab Investment Management Inc | 1,206,398 | -5,546 |
Insiders
17 insiders reported holding 40,681,071 shares in total, about $1.44B at the last price.
| Holder | Shares |
|---|---|
| DM Trust Aggregator, LLC10% owner | 23,138,068 |
| DM Individual Aggregator, LLC10% owner | 15,510,437 |
| Boersma TravisExecutive Chairman of Board, Director, 10% owner | 1,821,4291,821,429 held indirectly |
| Barone ChristineCEO and President, Director | 44,573 |
| Guenser Joshua JChief Financial Officer | 30,260 |
| Tullett Victoria JChief Legal Officer | 26,228 |
| Davila TanaChief Marketing Officer | 26,093 |
| Gillett StephenDirector | 19,282 |
| Davis Thomas JamesDirector | 14,121 |
| George KathrynDirector | 14,121 |
Questions about BROS
What does Dutch Bros Inc. do?
Dutch Bros Inc. is a company in the Consumer discretionary sector, listed on NYSE as BROS. Its shares trade on NYSE under the ticker BROS.
What is Dutch Bros Inc.'s net worth?
Dutch Bros Inc. has a market value (market cap) of $6.2B at the latest share price, and shareholders' equity of $829.8M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Dutch Bros Inc. profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $102M on revenue of $2B, a net margin of 5.1%.
How much revenue does Dutch Bros Inc. make?
Over the twelve months to September 30, 2026 Dutch Bros Inc. reported revenue of $2B. That is 30.7% more than a year earlier.
When did Dutch Bros Inc. last report?
Its most recent periodic report is the quarterly report (10-Q) filed on November 5, 2026. It covers the period to September 30, 2026. Its newest filing of any kind is the executive or director change from November 6, 2026.
When is Dutch Bros Inc.'s next earnings report?
Dutch Bros Inc.'s next report is expected around February 11, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
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Where the numbers come from
Financial figures are the values Dutch Bros Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.