Dutch Bros annual free cash flow
2019
2020
2021
2022
2023
2024
2025
Dutch Bros Free Cash Flow (FCF) History (BROS)
Dutch Bros reported $54.4M in free cash flow for fiscal 2025, an increase of 120.34% from the previous fiscal year, with a free cash flow margin of 3.32%.
View full Dutch Bros company overviewDutch Bros free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | $54.4M | $29.7M | +120.34% | +3.32% |
| 2024 | 2024-12-31 | $24.7M | $113.2M | — | +1.93% |
| 2023 | 2023-12-31 | −$88.5M | $39.5M | — | −9.17% |
| 2022 | 2022-12-31 | −$128.0M | −$89.9M | — | −17.32% |
| 2021 | 2021-12-31 | −$38.1M | −$51.0M | — | −7.65% |
| 2020 | 2020-12-31 | $13.0M | −$4.3M | −24.73% | +3.96% |
| 2019 | 2019-12-31 | $17.2M | — | — | +7.23% |
Dutch Bros quarterly free cash flow
Q1.21
Q2.21
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 | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $39.9M | $4.2M | +11.86% | +7.25% |
| Q1 2026 | 2026-03-31 | $27.7M | $36.4M | — | +5.97% |
| Q4 2025 | 2025-12-31 | $8.5M | −$11.0M | −56.48% | +1.91% |
| Q3 2025 | 2025-09-30 | $18.9M | −$7.5M | −28.35% | +4.47% |
| Q2 2025 | 2025-06-30 | $35.7M | $40.6M | — | +8.58% |
| Q1 2025 | 2025-03-31 | −$8.7M | $7.6M | — | −2.44% |
| Q4 2024 | 2024-12-31 | $19.5M | $35.2M | — | +5.68% |
| Q3 2024 | 2024-09-30 | $26.4M | $42.8M | — | +7.81% |
| Q2 2024 | 2024-06-30 | −$4.9M | $11.3M | — | −1.51% |
| Q1 2024 | 2024-03-31 | −$16.3M | $23.9M | — | −5.91% |
| Q4 2023 | 2023-12-31 | −$15.7M | $20.4M | — | −6.18% |
| Q3 2023 | 2023-09-30 | −$16.4M | $8.4M | — | −6.19% |
| Q2 2023 | 2023-06-30 | −$16.3M | $10.1M | — | −6.51% |
| Q1 2023 | 2023-03-31 | −$40.2M | $532,000 | — | −20.38% |
| Q4 2022 | 2022-12-31 | −$36.1M | $121,000 | — | −17.90% |
| Q3 2022 | 2022-09-30 | −$24.7M | −$1.6M | — | −12.45% |
| Q2 2022 | 2022-06-30 | −$26.4M | −$40.2M | — | −14.17% |
| Q1 2022 | 2022-03-31 | −$40.7M | −$48.3M | — | −26.77% |
| Q4 2021 | 2021-12-31 | −$36.3M | — | — | −25.88% |
| Q3 2021 | 2021-09-30 | −$23.1M | — | — | −17.81% |
| Q2 2021 | 2021-06-30 | $13.8M | — | — | +10.65% |
| Q1 2021 | 2021-03-31 | $7.5M | — | — | +7.64% |
Dutch Bros free cash flow growth trends
Over the last five reported fiscal years, free cash flow grew from $13.0M to $54.4M, a compound annual growth rate of 33.21%. Dutch Bros's latest reported quarter, Q2 2026, generated $39.9M in free cash flow, an increase of 11.86% year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Dutch Bros filings at SEC.gov ↗