For the quarter ending 2026-03-31, BROS had -$5,887K decrease in cash & cash equivalents over the period. $27,724K in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income | 23,664 | 29,155 | 27,283 | 38,357 |
| Depreciation and amortization | 38,255 | 31,744 | 29,066 | 27,893 |
| Non-cash interest expense | 124 | 189 | 129 | 228 |
| Non-cash donation expense | - | 0 | - | - |
| Loss on disposal of assets | -96 | -185 | -62 | 5 |
| Loss on extinguishment of debt | - | 0 | 0 | -809 |
| Equity-based compensation | 5,278 | 4,509 | 4,648 | 4,671 |
| Deferred income taxes | -3,034 | -2,968 | -7,309 | -6,355 |
| Remeasurement gain on tras | - | -4,767 | 0 | 0 |
| Non-cash operating lease cost | 6,607 | 5,707 | 5,393 | 4,931 |
| Accounts receivable, net | 379 | 4,084 | 770 | 1,898 |
| Inventories, net | -11,525 | 3,622 | 2,876 | 4,194 |
| Prepaid expenses and other current assets | 81 | 6,456 | -715 | -1,293 |
| Other long-term assets | -1,346 | -7,580 | 7,907 | -606 |
| Accounts payable | 2,134 | 2,575 | 1,619 | 538 |
| Accrued compensation and benefits | - | - | 7,744 | 8,818 |
| Other accrued liabilities | - | - | 12,891 | -23 |
| Other current liabilities | -3,664 | 13,072 | 247 | 66 |
| Deferred revenue | -2,047 | 11,866 | 1,437 | 3,577 |
| Other long-term liabilities | - | 0 | 0 | -8 |
| Operating lease liabilities | -1,168 | 267 | 2,135 | -2,117 |
| Net cash provided by operating activities | 84,724 | 79,639 | 89,125 | 89,897 |
| Purchases of property and equipment | 57,000 | 71,167 | 70,205 | 54,211 |
| Proceeds from disposal of property and equipment | 0 | 66 | - | - |
| Proceeds from disposal of fixed assets | - | - | 0 | 8 |
| Acquisition of assets | 19,805 | - | - | - |
| Net cash used in investing activities | -76,805 | -71,132 | -70,205 | -54,203 |
| Proceeds from line of credit | - | 0 | - | - |
| Payments on line of credit | - | 0 | - | - |
| Payments on finance lease liabilities | 5,739 | 4,839 | 4,155 | 3,711 |
| Proceeds from long-term debt | 0 | 0 | 0 | 200,000 |
| Payments on long-term debt | 969 | 969 | 968 | 280,968 |
| Payments of debt issuance costs | - | 0 | 0 | 1,547 |
| Proceeds from equity offering, net of underwriting discounts and commissions | - | 0 | - | - |
| Payment of deferred offering costs | - | 0 | - | - |
| Tax withholding payments upon vesting of equity awards | 6,177 | 490 | 1,017 | 0 |
| Distributions to non-controlling interest holders | - | 0 | 0 | 6,867 |
| Payments under tax receivable agreements | 921 | 0 | 0 | 4,627 |
| Net cash provided by (used in) financing activities | -13,806 | -6,298 | -6,140 | -97,720 |
| Net increase (decrease) in cash and cash equivalents | -5,887 | 2,209 | 12,780 | -62,026 |
| Cash and cash equivalents, beginning of period | 269,404 | 267,195 | 254,415 | 316,441 |
| Cash and cash equivalents, end of period | 263,517 | 269,404 | 267,195 | 254,415 |
Dutch Bros Inc. (BROS)
Dutch Bros Inc. (BROS)