v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 268,624 $ 269,404
Accounts receivable, net 18,871 18,387
Inventories, net 41,253 48,917
Prepaid expenses and other current assets 23,745 20,670
Total current assets 352,493 357,378
Property and equipment, net 905,241 824,502
Lease right-of-use assets, net 984,000 855,339
Deferred income tax assets, net 1,111,070 946,571
Other long-term assets 23,885 25,524
Total assets 3,376,689 3,009,314
Current liabilities:    
Accounts payable 44,319 37,625
Other current liabilities 123,394 99,173
Deferred revenue 47,160 55,658
Current portion of tax receivable agreements liability 686 7,696
Current portion of lease liabilities 41,639 36,466
Current portion of long-term debt 3,883 3,881
Total current liabilities 261,081 240,499
Deferred revenue, net of current portion 6,524 8,918
Lease liabilities, net of current portion 967,206 852,380
Long-term debt, net of current portion 194,600 196,295
Tax receivable agreements liability, net of current portion 972,264 813,353
Total liabilities 2,401,675 2,111,445
Commitments and contingencies (Note 15)
Stockholders’ equity:    
Preferred stock, $0.00001 par value per share - 20,000 shares authorized; zero shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 0 0
Additional paid-in capital 644,589 581,261
Accumulated other comprehensive income 47 48
Retained earnings 153,015 99,508
Total stockholders' equity attributable to Dutch Bros Inc. 797,652 680,818
Non-controlling interests 177,362 217,051
Total equity 975,014 897,869
Total liabilities and equity 3,376,689 3,009,314
Class A common stock    
Stockholders’ equity:    
Common stock 1 1
Class B common stock    
Stockholders’ equity:    
Common stock 0 0
Class C common stock    
Stockholders’ equity:    
Common stock $ 0 $ 0