BROS' Liquidity Position Strengthens: A Buffer Against Cost Volatility?

Key Takeaways BROS ended Q3 2025 with about $706M in liquidity, split between cash and an undrawn revolver.BROS faces rising coffee costs, higher California labor taxes and added expenses from new market entries.BROS keeps CapEx at $240M-$260M, aided by build-to-suit leases holding average shop costs near $1.4M.Dutch Bros Inc. (BROS) is entering its next phase of expansion with a notably stronger liquidity profile, a factor that could prove increasingly important as cost volatility persists across the resta ...