Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $238M | $327M | $498M | $739M | $966M | $1.28B | $1.64B |
| Revenue growth | — | 37.4% | 52.1% | 48.4% | 30.7% | 32.6% | 27.9% |
| Operating income | $30.3M | $11.0M | -$111M | -$2.61M | $46.2M | $106M | $161M |
| Operating margin | 12.7% | 3.4% | -22.3% | -0.4% | 4.8% | 8.3% | 9.8% |
| Net income | $0.00 | $0.00 | -$12.7M | -$4.75M | $1.72M | $35.3M | $79.8M |
| Net margin | 0.0% | 0.0% | -2.5% | -0.6% | 0.2% | 2.8% | 4.9% |
| EPS (diluted) | — | — | -$0.28 | -$0.09 | $0.03 | $0.34 | $0.64 |
| Fiscal year | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | $56.7M | $53.5M | $80.4M | $59.9M | $140M | $246M | $296M |
| Capital expenditures | $39.5M | $40.6M | $118M | $188M | $228M | $222M | $241M |
| Free cash flow | $17.2M | $13.0M | -$38.1M | -$128M | -$88.5M | $24.7M | $54.4M |
| Fiscal year | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|
| Cash & equivalents | $15.6M | $31.6M | $18.5M | $20.2M | $134M | $293M | $269M |
| Total assets | — | $260M | $554M | $1.19B | $1.76B | $2.50B | $3.01B |
| Total liabilities | — | $184M | $340M | $934M | $1.09B | $1.74B | $2.11B |
| Long-term debt | — | $24.4M | $3.50M | $96.3M | $93.2M | $220M | $196M |
| Shareholders' equity | — | $76.0M | $94.5M | $129M | $364M | $537M | $681M |
| Retained earnings | — | $0.00 | -$12.7M | -$17.3M | -$15.6M | $19.7M | $99.5M |
| Shares (wtd avg diluted) | — | — | 45.9M | 51.9M | 62.1M | 104M | 126M |
Every figure is extracted from Dutch Bros Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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