BROS: Dutch Bros Inc Financial Statements
Balance sheet, income statement, and cash flow statements for Dutch Bros Inc (BROS).
$8.08B Market Cap.
BROS Market Cap. (MRY)
BROS Shares Outstanding (MRY)
BROS Assets (MRY)
Total Assets
$2.50B
Total Liabilities
$1.74B
Total Investments
$0
BROS Income (MRY)
Revenue
$1.28B
Net Income
$35.26M
Operating Expense
$234.04M
BROS Cash Flow (MRY)
CF Operations
$246.43M
CF Investing
-$212.07M
CF Financing
$125.45M
BROS Balance Sheet (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total Assets | $2,501,085,000 (41.78%) | $1,764,010,000 (48.69%) | $1,186,360,000 (114.26%) | $553,700,000 (113.24%) |
Assets Current | $357,941,000 (74.39%) | $205,259,000 (149.34%) | $82,322,000 (34.31%) | $61,291,000 (-2.82%) |
Assets Non-Current | $2,143,144,000 (37.49%) | $1,558,751,000 (41.19%) | $1,104,038,000 (124.21%) | $492,409,000 (150.48%) |
Goodwill & Intangible Assets | $24,576,000 (-9.13%) | $27,044,000 (-11.14%) | $30,433,000 (2.06%) | $29,818,000 (1.43%) |
Shareholders Equity | $537,369,000 (47.49%) | $364,345,000 (182.18%) | $129,118,000 (36.61%) | $94,516,000 (24.38%) |
Property Plant & Equipment Net | $1,373,850,000 (22.14%) | $1,124,847,000 (43.71%) | $782,713,000 (159.18%) | $301,998,000 (82.56%) |
Cash & Equivalents | $293,354,000 (119.67%) | $133,545,000 (561.83%) | $20,178,000 (9.03%) | $18,506,000 (-41.51%) |
Accumulated Other Comprehensive Income | $628,000 (15.44%) | $544,000 (-33.09%) | $813,000 (0%) | $0 (0%) |
Deferred Revenue | $50,883,000 (37.43%) | $37,025,000 (17.71%) | $31,454,000 (12.99%) | $27,837,000 (74.66%) |
Total Investments | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Investments Current | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Investments Non-Current | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Inventory | $36,488,000 (-22.29%) | $46,953,000 (19.69%) | $39,229,000 (68.04%) | $23,345,000 (49.84%) |
Trade & Non-Trade Receivables | $10,598,000 (16.16%) | $9,124,000 (-23.75%) | $11,966,000 (12.42%) | $10,644,000 (-1.78%) |
Trade & Non-Trade Payables | $32,225,000 (7.57%) | $29,957,000 (40.84%) | $21,270,000 (4.06%) | $20,440,000 (27.02%) |
Accumulated Retained Earnings (Deficit) | $19,666,000 (226.13%) | -$15,592,000 (9.92%) | -$17,310,000 (-36.52%) | -$12,679,000 (0%) |
Tax Assets | $742,126,000 (84.15%) | $402,995,000 (39.56%) | $288,765,000 (81.58%) | $159,031,000 (82299.48%) |
Tax Liabilities | $627,834,000 (115.81%) | $290,920,000 (31.68%) | $220,923,000 (101.33%) | $109,733,000 (0%) |
Total Debt | $942,909,000 (39.36%) | $676,581,000 (8.18%) | $625,417,000 (315.04%) | $150,687,000 (58.41%) |
Debt Current | $44,546,000 (83.98%) | $24,212,000 (-81.48%) | $130,762,000 (93.45%) | $67,596,000 (220.07%) |
Debt Non-Current | $898,363,000 (37.71%) | $652,369,000 (31.88%) | $494,655,000 (495.32%) | $83,091,000 (12.28%) |
Total Liabilities | $1,737,220,000 (59.66%) | $1,088,089,000 (16.45%) | $934,384,000 (174.84%) | $339,971,000 (85.10%) |
Liabilities Current | $203,071,000 (47.03%) | $138,116,000 (-35.06%) | $212,679,000 (53.30%) | $138,734,000 (131.73%) |
Liabilities Non-Current | $1,534,149,000 (61.49%) | $949,973,000 (31.63%) | $721,705,000 (258.63%) | $201,237,000 (62.55%) |
BROS Income Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Revenues | $1,281,015,000 (32.64%) | $965,776,000 (30.68%) | $739,012,000 (48.43%) | $497,876,000 (52.06%) |
Cost of Revenue | $940,886,000 (31.69%) | $714,480,000 (28.02%) | $558,096,000 (61.97%) | $344,573,000 (62.94%) |
Selling General & Administrative Expense | $234,036,000 (14.12%) | $205,074,000 (11.74%) | $183,528,000 (-30.62%) | $264,529,000 (152.09%) |
Research & Development Expense | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Operating Expenses | $234,036,000 (14.12%) | $205,074,000 (11.74%) | $183,528,000 (-30.62%) | $264,529,000 (152.09%) |
Interest Expense | $27,020,000 (-16.40%) | $32,321,000 (79.38%) | $18,018,000 (154.03%) | $7,093,000 (89.86%) |
Income Tax Expense | $18,435,000 (164.60%) | $6,967,000 (168.06%) | $2,599,000 (259.64%) | -$1,628,000 (-293.12%) |
Net Loss Income from Discontinued Operations | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Consolidated Income | $66,450,000 (567.70%) | $9,952,000 (151.69%) | -$19,253,000 (83.67%) | -$117,931,000 (-2046.70%) |
Net Income to Non-Controlling Interests | $31,192,000 (278.82%) | $8,234,000 (156.79%) | -$14,500,000 (86.22%) | -$105,252,000 (-1837.41%) |
Net Income | $35,258,000 (1952.27%) | $1,718,000 (136.15%) | -$4,753,000 (62.51%) | -$12,679,000 (0%) |
Preferred Dividends Income Statement Impact | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Income Common Stock | $35,258,000 (1952.27%) | $1,718,000 (136.15%) | -$4,753,000 (62.51%) | -$12,679,000 (0%) |
Weighted Average Shares | $103,504,000 (66.74%) | $62,074,000 (19.67%) | $51,871,000 (13.10%) | $45,864,000 (-72.22%) |
Weighted Average Shares Diluted | $104,129,000 (67.75%) | $62,074,000 (19.67%) | $51,871,000 (13.10%) | $45,864,000 |
Earning Before Interest & Taxes (EBIT) | $80,713,000 (96.83%) | $41,006,000 (158.48%) | $15,864,000 (319.91%) | -$7,214,000 (-257.55%) |
Gross Profit | $340,129,000 (35.35%) | $251,296,000 (38.90%) | $180,916,000 (18.01%) | $153,303,000 (32.23%) |
Operating Income | $106,093,000 (129.53%) | $46,222,000 (1869.60%) | -$2,612,000 (97.65%) | -$111,226,000 (-1111.15%) |
BROS Cash Flow Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Net Cash Flow from Investing | -$212,072,000 (6.69%) | -$227,280,000 (-18.02%) | -$192,572,000 (-59.03%) | -$121,089,000 (-165.72%) |
Net Cash Flow from Financing | $125,449,000 (-37.50%) | $200,732,000 (49.40%) | $134,361,000 (387.17%) | $27,580,000 (241.46%) |
Net Cash Flow from Operations | $246,432,000 (76.13%) | $139,915,000 (133.65%) | $59,883,000 (-25.50%) | $80,375,000 (50.10%) |
Net Cash Flow / Change in Cash & Cash Equivalents | $159,809,000 (40.97%) | $113,367,000 (6680.32%) | $1,672,000 (112.73%) | -$13,134,000 (-181.80%) |
Net Cash Flow - Business Acquisitions and Disposals | $0 (0%) | $0 (0%) | -$6,051,000 (-12.33%) | -$5,387,000 (-5.75%) |
Net Cash Flow - Investment Acquisitions and Disposals | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Capital Expenditure | -$212,072,000 (6.69%) | -$227,280,000 (-21.85%) | -$186,521,000 (-61.21%) | -$115,702,000 (-185.85%) |
Issuance (Repayment) of Debt Securities | $128,406,000 (200.75%) | -$127,453,000 (-192.02%) | $138,511,000 (635.55%) | $18,831,000 (18.98%) |
Issuance (Purchase) of Equity Shares | $0 (0%) | $331,200,000 (0%) | $0 (0%) | $237,194,000 (0%) |
Payment of Dividends & Other Cash Distributions | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Effect of Exchange Rate Changes on Cash | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Share Based Compensation | $11,482,000 (-70.73%) | $39,222,000 (-5.85%) | $41,657,000 (-73.59%) | $157,716,000 (349.50%) |
Depreciation Amortization & Accretion | $108,770,000 (35.04%) | $80,548,000 (47.40%) | $54,647,000 (116.71%) | $25,217,000 (62.30%) |
BROS Financial Metrics (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Gross Margin | 26.60% (2.31%) | 26.00% (6.12%) | 24.50% (-20.45%) | 30.80% (-12.99%) |
Profit Margin | 2.80% (1300.00%) | 0.20% (133.33%) | -0.60% (76.00%) | -2.50% (0%) |
EBITDA Margin | 14.80% (17.46%) | 12.60% (32.63%) | 9.50% (163.89%) | 3.60% (-40.98%) |
Return on Average Equity (ROAE) | 7.10% (914.29%) | 0.70% (117.07%) | -4.10% (72.48%) | -14.90% (0%) |
Return on Average Assets (ROAA) | 1.50% (1400.00%) | 0.10% (120.00%) | -0.50% (83.87%) | -3.10% (0%) |
Return on Sales (ROS) | 6.30% (50.00%) | 4.20% (100.00%) | 2.10% (250.00%) | -1.40% (-200.00%) |
Return on Invested Capital (ROIC) | 2.90% (31.82%) | 2.20% (83.33%) | 1.20% (163.16%) | -1.90% (-179.17%) |
Dividend Yield | 0% (0%) | 0% (0%) | 0% (0%) | 0% |
Price to Earnings Ratio (P/E) | 154.06 (-85.41%) | 1,055.67 (437.03%) | -313.22 (-72.27%) | -181.82 |
Price to Sales Ratio (P/S) | 4.23 (107.86%) | 2.04 (2.88%) | 1.98 (-57.80%) | 4.69 |
Price to Book Ratio (P/B) | 15.03 (-2.37%) | 15.39 (-56.93%) | 35.74 (-59.43%) | 88.11 |
Debt to Equity Ratio (D/E) | 3.23 (8.27%) | 2.99 (-58.74%) | 7.24 (101.20%) | 3.6 (48.82%) |
Earnings Per Share (EPS) | 0.34 (1033.33%) | 0.03 (133.33%) | -0.09 (67.86%) | -0.28 |
Sales Per Share (SPS) | 12.38 (-20.45%) | 15.56 (9.20%) | 14.25 (31.25%) | 10.86 (447.40%) |
Free Cash Flow Per Share (FCFPS) | 0.33 (123.60%) | -1.41 (42.36%) | -2.44 (-217.01%) | -0.77 (-1074.68%) |
Book Value Per Share (BVPS) | 5.19 (-11.55%) | 5.87 (135.84%) | 2.49 (20.77%) | 2.06 (348.04%) |
Tangible Assets Book Value Per Share (TABVPS) | 23.93 (-14.49%) | 27.98 (25.56%) | 22.29 (95.09%) | 11.42 (718.85%) |
Enterprise Value Over EBIT (EV/EBIT) | 108 (-27.52%) | 149 (-54.15%) | 325 (127.87%) | -1,166 |
Enterprise Value Over EBITDA (EV/EBITDA) | 46.04 (-8.33%) | 50.23 (-31.22%) | 73.02 (-84.38%) | 467.34 |
Asset Turnover | 0.55 (-14.69%) | 0.64 (-10.11%) | 0.71 (-41.83%) | 1.22 (-20.00%) |
Current Ratio | 1.76 (18.64%) | 1.49 (283.98%) | 0.39 (-12.44%) | 0.44 (-58.06%) |
Dividends | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Free Cash Flow (FCF) | $34,360,000 (139.33%) | -$87,365,000 (31.01%) | -$126,638,000 (-258.47%) | -$35,327,000 (-370.23%) |
Enterprise Value (EV) | $8,724,057,298 (42.90%) | $6,105,088,211 (18.58%) | $5,148,647,566 (-38.80%) | $8,413,510,089 |
Earnings Before Tax (EBT) | $53,693,000 (518.23%) | $8,685,000 (503.20%) | -$2,154,000 (84.94%) | -$14,307,000 (-1797.15%) |
Earnings Before Interest Taxes & Depreciation Amortization (EBITDA) | $189,483,000 (55.88%) | $121,554,000 (72.39%) | $70,511,000 (291.66%) | $18,003,000 (-10.50%) |
Invested Capital | $2,922,993,000 (36.47%) | $2,141,886,000 (38.32%) | $1,548,487,000 (199.32%) | $517,329,000 (121.20%) |
Working Capital | $154,870,000 (130.66%) | $67,143,000 (151.51%) | -$130,357,000 (-68.33%) | -$77,443,000 (-2517.07%) |
Tangible Asset Value | $2,476,509,000 (42.58%) | $1,736,966,000 (50.27%) | $1,155,927,000 (120.65%) | $523,882,000 (127.52%) |
Market Capitalization | $8,076,572,298 (43.99%) | $5,609,244,211 (21.55%) | $4,614,933,566 (-44.58%) | $8,327,776,089 |
Average Equity | $496,694,250 (107.01%) | $239,935,250 (104.74%) | $117,189,250 (37.46%) | $85,253,000 (121.76%) |
Average Assets | $2,345,800,500 (55.45%) | $1,509,071,250 (45.46%) | $1,037,414,500 (155.09%) | $406,679,500 (90.06%) |
Invested Capital Average | $2,786,043,000 (46.44%) | $1,902,571,000 (41.82%) | $1,341,584,250 (257.18%) | $375,602,500 (100.59%) |
Shares | 154,191,911 (-12.94%) | 177,115,384 (8.19%) | 163,708,179 (0.08%) | 163,578,395 (-0.93%) |
