Pulling SEC filings + quote and writing the call…
Pulling SEC filings + quote and writing the call…

Dutch Bros Inc.
Next earnings Aug 4, 2026 (after close) · consensus $0.30 EPS, $535M rev
Last earnings +3.3% on 2026-05-06
Fast-growing drive-thru coffee chain (rev +28%, 1,136 shops) finally profitable — but a 110x P/E prices the growth fully.
Sources: SEC EDGAR (CIK 0001866581, latest 10-Q filed 2026-05-06) · EODHD · analysis by claude-code · as of 6/21/2026, 8:46:43 PM.
Research and education only — not financial advice. Calls are generated from SEC filings and a delayed/third-party price feed, may be wrong or out of date, and are not a recommendation to buy or sell any security. Do your own research.
Middling fundamentals and a rich price (~68% above fair value) leave little margin of safety — a wait-and-see.
Dutch Bros is a genuine high-growth story executing well. FY2025 revenue grew 27.9% to $1.64B as systemwide shops rose 15.7% to 1,136 across 25 states, and the company crossed firmly into profitability — net income jumped 126.5% to $79.8M and diluted EPS rose 88.2% to $0.64, a sharp turn from net losses as recently as FY2022 (-$4.75M). Operating income grew 51.9% to $161M (9.8% operating margin), and operating cash flow of $296M comfortably funds the $241M expansion capex driving new-shop growth. The improving operating leverage as the base scales is the heart of the bull case.
The risks, catalysts, 12-month price target and the cited SEC figures behind this rating — with Pro.
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| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $498M | $739M | $966M | $1.28B | $1.64B |
| Gross profit | — | — | — | — | — |
| Operating income | -$111M | -$2.61M | $46.2M | $106M | $161M |
| Net income | -$12.7M | -$4.75M | $1.72M | $35.3M | $79.8M |
| Diluted EPS | -$0.28 | -$0.09 | $0.03 | $0.34 | $0.64 |
| Net margin | -2.5% | -0.6% | 0.2% | 2.8% | 4.9% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
1482 tracked peers · median
Disclosed under the STOCK Act
Self-reported periodic transaction reports (STOCK Act). Amounts are disclosed ranges; a trade may be a spouse's. Disclosures lag the trade by up to ~45 days. Source: House Clerk + Senate eFD.
Dates from 8-K (Item 2.02); beat/miss = reported EPS vs consensus (Finnhub, recent quarters); move = prior close → close on/after.
Last 90 days: 0 open-market buys · 33 sales
| 2026-06-11 | Boersma Travis Executive Chairman of Board | Sell | 234K @ $62.47 | $14.6M |
| 2026-06-11 | Boersma Travis Executive Chairman of Board | Sell | 226K @ $63.46 | $14.3M |
| 2026-06-11 | Boersma Travis Executive Chairman of Board | Sell | 29.1K @ $64.10 | $1.87M |
| 2026-06-11 | Boersma Travis Executive Chairman of Board | Sell | 125K @ $62.47 | $7.79M |
| 2026-06-11 | Boersma Travis Executive Chairman of Board | Sell | 121K @ $63.46 | $7.66M |
| 2026-06-11 | Boersma Travis Executive Chairman of Board | Sell | 15.6K @ $64.10 | $997K |
| 2026-06-11 | DM Individual Aggregator, LLC 10% owner | Sell | 125K @ $62.47 | $7.79M |
| 2026-06-11 | DM Individual Aggregator, LLC 10% owner | Sell | 121K @ $63.46 | $7.66M |
| 2026-06-11 | DM Individual Aggregator, LLC 10% owner | Sell | 15.6K @ $64.10 | $997K |
| 2026-06-11 | DM Trust Aggregator, LLC 10% owner | Sell | 234K @ $62.47 | $14.6M |
| 2026-06-11 | DM Trust Aggregator, LLC 10% owner | Sell | 226K @ $63.46 | $14.3M |
| 2026-06-11 | DM Trust Aggregator, LLC 10% owner | Sell | 29.1K @ $64.10 | $1.87M |
Recent news tone vs the market's typical (which skews positive). A soft signal, not a recommendation.