Dutch Bros Inc.

BROSNYSEConsumer Cyclical● Active

$55.52

$-0.40(-0.72%)

Market Cap$9.6B

P/E Ratio—

52W High$77.88

52W Low$44.58

Avg Volume4.1M

Open$56.00

Beta2.37

Free Cash Flow Financials Revenue

Dutch Bros Inc. (BROS) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

BROS · free cash flow · updated Jun 8, 2026

Core FCF metrics

BROS · FCF · TTM · margin & CAGR

Free cash flow was $54.4M for FY2025 (fiscal year ending 2025-12-31), up 120.3% year-over-year The FCF margin was 3.3%. Five-year CAGR stands at +33.2%.

FY2025 Free Cash Flow$54.4M▲ +120.3% YoY

Trailing 12M (TTM)$90.8Mtrailing 4 quarters sum

FCF Margin3.3%$54.4M ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGR+33.2%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

BROS · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$295.5M(241M)$54.4M▲ +120.3%3.3%

FY2024$246.4M(222M)$24.7M▲ +127.9%1.9%

FY2023$139.9M(228M)−$88.5M▲ +30.8%-9.2%

FY2022$59.9M(188M)−$128.0M▼ 236.2%-17.3%

FY2021$80.4M(118M)−$38.1M▼ 393.4%-7.7%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

BROS · P/FCF · FCF yield · FCF per share

Dutch Bros Inc. (BROS) trades at a FCF yield of 0.95% and a price-to-free-cash-flow ratio of 77.1x. FCF per share stands at $0.72, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

0.95%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$0.72

TTM FCF ÷ Shares Outstanding

Price / FCF

x77.1

Share Price ÷ FCF per Share

EV / FCF (TTM)

x115.5

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

BROS · cash flow statement · operating / investing / financing

For FY2025, Dutch Bros Inc. generated $295.5M in operating cash flow and spent 241M in capital expenditures, yielding $54.4M in free cash flow.

Operating Activities

+$295.5M

Cash from core business operations

2025-12-31

Investing Activities

−$241.1M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$78.4M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($295.5M) − |CapEx| (241M) = FCF ($54.4M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Consumer Cyclical)

BROS vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Dutch Bros Inc.YOU

BROS

$54.4M+120.3%3.3%

Toyota Motor Corporation

Alibaba Group Holding Limited

BABA

−$50.72B-164.9%-5.0%

Loss

Consumer Cyclical · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Dutch Bros Inc. (BROS) reported free cash flow of $54.4M for FY2025 (fiscal year ending 2025-12-31), up 120.3% year-over-year. The FCF margin was 3.3%.

Based on available data, Dutch Bros Inc. has maintained positive free cash flow for at least 4 fiscal year(s). FCF peaked at $54.4M in FY2025. The 5-year CAGR stands at +33.2%.

Dutch Bros Inc.'s FCF yield is 0.95% and price-to-FCF ratio is 77.1x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

BROS free cash flow · 8 questions

Dutch Bros Inc. free cash flow was $54.4M for FY2025, up 120.3% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $90.8M.

BROS free cash flowBROS FCFBROS FCF 2025BROS free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Dutch Bros Inc. · Dutch Bros Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026