Dutch Bros annual debt-to-equity ratio
2020
2021
2022
2023
2024
2025
Dutch Bros Debt-to-Equity Ratio Growth & History (BROS)
Dutch Bros's debt-to-equity ratio was 1.60 for fiscal 2025.
View full Dutch Bros company overviewDutch Bros annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 1.60 | −0.16 | −8.84% |
| 2024 | 2024-12-31 | 1.75 | −0.10 | −5.51% |
| 2023 | 2023-12-31 | 1.86 | −2.13 | −53.40% |
| 2022 | 2022-12-31 | 3.99 | 3.92 | +5620.82% |
| 2021 | 2021-12-31 | 0.07 | −0.30 | −81.20% |
| 2020 | 2020-12-31 | 0.37 | — | — |
Dutch Bros quarterly debt-to-equity ratio
Q4.20
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 1.51 | −0.03 | −1.84% |
| Q1 2026 | 2026-03-31 | 1.67 | −0.04 | −2.26% |
| Q4 2025 | 2025-12-31 | 1.60 | −0.16 | −8.84% |
| Q3 2025 | 2025-09-30 | 1.58 | −0.20 | −11.06% |
| Q2 2025 | 2025-06-30 | 1.54 | −0.25 | −13.81% |
| Q1 2025 | 2025-03-31 | 1.70 | −0.36 | −17.45% |
| Q4 2024 | 2024-12-31 | 1.75 | −0.10 | −5.51% |
| Q3 2024 | 2024-09-30 | 1.78 | −0.17 | −8.81% |
| Q2 2024 | 2024-06-30 | 1.79 | −2.66 | −59.76% |
| Q1 2024 | 2024-03-31 | 2.07 | −2.28 | −52.51% |
| Q4 2023 | 2023-12-31 | 1.86 | −2.13 | −53.40% |
| Q3 2023 | 2023-09-30 | 1.95 | −1.89 | −49.30% |
| Q2 2023 | 2023-06-30 | 4.45 | 0.45 | +11.21% |
| Q1 2023 | 2023-03-31 | 4.35 | 0.52 | +13.52% |
| Q4 2022 | 2022-12-31 | 3.99 | 3.92 | +5620.82% |
| Q3 2022 | 2022-09-30 | 3.84 | 3.80 | +9962.45% |
| Q2 2022 | 2022-06-30 | 4.00 | — | — |
| Q1 2022 | 2022-03-31 | 3.83 | — | — |
| Q4 2021 | 2021-12-31 | 0.07 | −0.30 | −81.20% |
| Q3 2021 | 2021-09-30 | 0.04 | — | — |
| Q4 2020 | 2020-12-31 | 0.37 | — | — |
Dutch Bros debt-to-equity ratio trends
Over the last five fiscal years, Dutch Bros's debt-to-equity ratio increased from 0.37 to 1.60, a change of 1.23. The latest reported quarter, Q2 2026, shows 1.51.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Dutch Bros source filings ↗