Dutch Bros Inc.(BROS)Stock Analysis
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Rank #550 of 2,879 stocksTOP 25%
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Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
BROS Stock Analysis & AI Quality Score
AI stock analysis and institutional research for Dutch Bros Inc. (BROS), a Consumer Discretionary sector company. 13F Pro's AI-powered ranking engine scores BROS at 65.9/100 on a 32-signal composite quality model, placing it at rank #550 of 2,879 stocks — the top 25% of the AI-ranked universe. BROS scores in the top quartile across institutional flow (96.0), earnings quality (95.7), revenue growth (87.2). Based on the latest XBRL financial filings (Q1 2026), Dutch Bros Inc. reports quarterly revenue of $464.4M, net income of $16.1M, an operating margin of 7.4%. Top institutional holders of BROS by reported 13-F value include BlackRock,, FMR, VANGUARD CAPITAL MANAGEMENT, based on the most recent SEC filings. BROS trades on the NYSE exchange and files with the SEC under CIK 1866581. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate BROS daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Dutch Bros Inc. directly from SEC EDGAR. Dutch Bros Inc.'s 13F Pro composite quality score has ranged between 8 and 82 since 2022, currently 65.9 — an improving long-term trajectory across 52 quarterly and live scoring snapshots.
Revenue
Q1 2026
$464.4M
Net Income
Q1 2026
$16.1M
Free Cash Flow
Q1 2026
$27.7M
Operating Margin
Q1 2026
7.4%
ROIC
Q1 2026
3.8%
D/E Ratio
Q1 2026
0.29
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
+27.9% YoYNet Income
+126.5% YoYOperating Income
+51.9% YoYEPS (Diluted)
+88.2% YoYTotal Assets
+20.3% YoYTotal Debt
-19.2% YoYOp. Cash Flow
+19.9% YoY| Metric | FY 2025 | FY 2024 | FY 2022 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Revenue | $1.64B +27.9% | $1.28B +73.3% | $739.0M +125.7% | $327.4M +37.4% | $238.4M |
| Net Income | $79.8M +126.5% | $35.3M +841.8% | $-4.8M | $0.00 | $0.00 |
| Operating Income | $161.2M +51.9% | $106.1M +4161.8% | $-2.6M -123.7% | $11.0M -63.7% | $30.3M |
| EPS (Diluted) | $0.64 +88.2% | $0.34 +477.8% | $-0.09 | — | — |
| Total Assets | $3.01B +20.3% | $2.50B +110.8% | $1.19B +356.9% | $259.7M | — |
| Total Debt | $206.3M -19.2% | $255.3M +148.8% | $102.6M +220.9% | $32.0M | — |
| Operating Cash Flow | $295.5M +19.9% | $246.4M +311.5% | $59.9M +11.8% | $53.5M -5.6% | $56.7M |
AI Insight: BROS Financial Trends
Dutch Bros delivered 27% year-over-year revenue growth in Q1 2026 while slashing debt by $102M from Q1 2025 peak, signaling improving financial health.
• Revenue grew from $325M in Q2 2024 to $464M in Q1 2026, a sustained 43% cumulative rise over eight quarters.
• Total debt fell sharply from $307M in Q1 2025 to $205M in Q1 2026, a $102M reduction in four quarters.
• Operating income jumped from $31M in Q1 2025 to $34M in Q1 2026, though op margin compressed from 8.7% to 7.3%.
• Equity steadily expanded from $509M in Q2 2024 to $696M in Q1 2026, reflecting consistent retained earnings accumulation.
⚠ Operating cash flow dropped to $37M in Q1 2025 before recovering to $85M in Q1 2026 — seasonal volatility warrants monitoring.
⚠ Net income fell to $16M in Q1 2026 from $26M in Q2 2025, suggesting rising costs are outpacing top-line gains.
⚠ Operating margin in Q4 2025 and Q1 2026 held at 7.7% and 7.3%, well below Q2 2025's 13.2% — sustainability unclear.
AI Insight: BROS Ratio Trends
Dutch Bros' leverage has halved since Q2 2024, but Q1 2026 operating margin slipped to 7.4% — well below the 13.2% peak hit in Q2 2025.
• D/E ratio fell from 0.51 in Q2 2024 to 0.29 in Q1 2026, a 43% reduction in leverage over six quarters.
• Operating margin peaked at 13.2% in Q2 2025 but has since contracted to 7.4% in Q1 2026, a 580bp decline.
• ROIC dropped from 25.9% in Q2 2025 to 15.2% in Q1 2026, though still above the 8.0% trough in Q4 2024.
⚠ Q1 2026 operating margin of 7.4% mirrors weak Q1 2025 (8.8%), suggesting structural seasonal softness each first quarter.
⚠ NPM fell to 3.5% in Q1 2026 from 4.8% in Q4 2025 — monitor whether Q2 2026 rebounds toward last year's 6.2% peak.
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Available Research
13F Pro tracks comprehensive data for Dutch Bros Inc. including:
Top Institutional Holders of BROS
BlackRock, Inc.
$703.1M13,878,127 shFMR LLC
$484.6M9,566,397 shVANGUARD CAPITAL MANAGEMENT LLC
$288.3M5,690,101 shVANGUARD PORTFOLIO MANAGEMENT LLC
$277.2M5,472,473 shUBS Group AG
$203.9M4,025,628 shSTATE STREET CORP
$191.5M3,779,507 shMILLENNIUM MANAGEMENT LLC
$163.8M3,233,829 shBAILLIE GIFFORD & CO
$151.7M2,994,211 shPoint72 Asset Management, L.P.
$140.7M2,777,241 shMARSHALL WACE, LLP
$131.4M2,593,857 sh
| Fund | Value | Shares |
|---|---|---|
| BlackRock, Inc. | $703.1M | 13,878,127 |
| FMR LLC | $484.6M | 9,566,397 |
| VANGUARD CAPITAL MANAGEMENT LLC | $288.3M | 5,690,101 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $277.2M | 5,472,473 |
| UBS Group AG | $203.9M | 4,025,628 |
| STATE STREET CORP | $191.5M | 3,779,507 |
| MILLENNIUM MANAGEMENT LLC | $163.8M | 3,233,829 |
| BAILLIE GIFFORD & CO | $151.7M | 2,994,211 |
| Point72 Asset Management, L.P. | $140.7M | 2,777,241 |
| MARSHALL WACE, LLP | $131.4M | 2,593,857 |
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Popular Research
Is BROS a good stock to buy?
13F Pro's AI-powered analysis of Dutch Bros Inc. (BROS) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Consumer Discretionary sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for BROS are available on the BROS stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own BROS?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling BROS. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Dutch Bros Inc.'s investment landscape.