Dutch Bros Inc.
Close on Oct 19, 2026
- Market cap
- $5.78B
- P/E (TTM)
- 59.5
- Dividend yield
- –
About Dutch Bros
Retail-Eating & Drinking Places, SIC 5810
Dutch Bros Inc. operates and franchises drive-thru beverage shops focused on fast service and custom-made drinks. Its menu includes espresso-based hot, iced, and blended coffees, cold brews, and proprietary blended coffee beverages, which account for about half of its offerings. The company also sells proprietary Dutch Bros Rebel energy drinks, smoothies, teas, lemonades, sodas, and select food items. Offering customizable flavors and dietary modifications, Dutch Bros serves general consumers of all ages seeking convenient beverages on the go through drive-thru lanes, walk-up windows, and mobile order pick-up.
As of December 31, 2025, the system includes 1,136 shops across 25 U.S. states, consisting of 811 company-operated and 325 franchised locations, supported by roasting facilities in Grants Pass, Oregon and Melissa, Texas. The company traces its beginnings and maintains its operations based in Grants Pass, Oregon.
Summary of the business section of Dutch Bros's latest annual report, written by StockData.
Company profile
Company
- Legal name
- Dutch Bros Inc.
- Founded
- 1992
- Headquarters
- Tempe, AZ
- Address
- 1930 W Rio Salado Pkwy 85281
- Phone
- (877) 899-2767
- Website
- dutchbros.com
- Employees
- 32,000, Dec 31, 2025
- Industry
- Retail-Eating & Drinking Places
- Incorporated in
- Delaware
- Fiscal year ends
- December 31
- Auditor
- KPMG LLP, Portland, Oregon
Stock & identifiers
- Ticker
- BROS
- Exchange
- NYSE
- IPO date
- Sep 16, 2021
- Shares outstanding
- 175M, Jul 31, 2026
- Public float
- $8.50B, Jun 30, 2025
- Filer category
- Large accelerated filer
- SEC CIK
- 1866581
- CUSIP
- 26701L100
- ISIN
- US26701L1008
- EIN
- 87-1041305
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Travis Boersma | Executive Chairman of Board, Director | 42,118,909 |
| Christine Barone | CEO and President, Director | 44,573 |
| Tana Davila | Chief Marketing Officer | 28,460 |
| Joshua J. Guenser | Chief Financial Officer | 28,261 |
| Victoria J. Tullett | Chief Legal Officer | 29,667 |
| Nick Daddario | Chief Accounting Officer | 620 |
| Sumitro Ghosh | President of Operations | 10,321 |
| C. David Cone | Director | 7,215 |
| Kory Marchisotto | Director | 2,968 |
| Todd Allan Penegor | Director | 8,133 |
| Ann M. Miller | Director | 12,099 |
| Scott Harlan Maw | Director | 775 |
| Stephen Gillett | Director | 19,282 |
| Gerard Johan Hart | Director | 4,236 |
| Thomas James Davis | Director | 14,121 |
| Kathryn George | Director | 14,121 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 Ms. Barone | $6.67M | $8.18M | $2.19M | $167 | $131 |
| FY2025 Ricci | $6.67M | – | $2.19M | $167 | $131 |
| FY2024 Ms. Barone | $4.97M | $8.37M | $2.20M | $143 | $125 |
| FY2023 Ms. Barone | $1.92M | $2.83M | $2.07M | $86 | $97 |
| FY2023 Ricci | $1.92M | $2.83M | $2.07M | $86 | $97 |
| FY2022 Ms. Barone | $1.11M | -$10.60M | $910.48K | $77 | $68 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Employees
Headcount reported in annual reports
“As of December 31, 2025, we and our franchise partners have approximately 32,000 employees, of which approximately 23,000 employees are in our company-operated shops and headquarters.”
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Sep 16, 2021 | IPO | Initial public offering priced (424B4 prospectus) |
| Sep 10, 2021 | Listing | Registration of securities on an exchange (Form 8-A) |