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Dutch Bros Inc (NYSE: BROS) is a beverage retail company that operates and franchises drive-thru coffee and drink shops across the United States. Revenue is generated through direct sales at company-operated shops and fees from franchised locations. The company trades on the New York Stock Exchange under the ticker BROS and is incorporated in Delaware. Dutch Bros was co-founded by Travis Boersma, who retains voting control through affiliated entities as of the FY2025 10-K filed February 13, 2026. The business tracks performance using Average Unit Volume, defined as net sales over a trailing twelve-month period for systemwide and company-operated shops open a minimum of 15 months. The filing references both company-operated and franchised shop formats operating under the Dutch Bros brand.

Products & Services

Drive-thru coffee and beverage drinks sold under the Dutch Bros brand. The filing does not specify individual product lines or SKUs in the excerpts provided.

Revenue Model

Dutch Bros generates revenue through net sales at company-operated drive-thru shops and through fees and royalties from franchised shop operators. The filing references systemwide shop performance metrics, indicating a dual company-operated and franchise revenue structure.

Customers & Markets

Retail beverage consumers purchasing drinks at drive-thru shop locations. No customer concentration data is disclosed in the provided excerpts.

Geographic Exposure

United States. The filing does not specify individual states or regions in the provided excerpts.

Financial Snapshot

Revenue
TTM
$1.747B
Gross Margin
TTM
26.17%
Net Income
TTM
$80.59M
Current Assets
2026 Q1
Current Liabilities
2026 Q1
Current Ratio
2026 Q1
133.43%
Total Assets
2026 Q1
Total Liabilities
2026 Q1
Book Value
2026 Q1
$920.5M
Cash
2026 Q1
P/E
TTM
134.6
Free Cash Flow
TTM
$90.80M

Stock Price

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Market Cap: $10.848 Billion

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