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Dutch Bros (BROS) backlog: remaining performance obligations

How much revenue Dutch Bros already has under contract, how fast it converts, and who it is with.

Data as of .

Dutch Bros backlog history

$0$500M$1B$2BMar 2022Sep 2022Mar 2023Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025Dec 2025Backlog (RPO)Trailing 12-month revenue
Remaining performance obligations at each quarter end (bars) against trailing twelve-month revenue (line).
Amounts in USD. Source: SEC XBRL filings.
Quarter endBacklog (RPO)TTM revenueCoverageCustomer prepayments
31 Dec 2025$2.60M$1.64B0.0 yrs$64.6M
30 Sep 2025$2.50M$1.54B0.0 yrs$52.7M
30 Jun 2025$2.50M$1.45B0.0 yrs$51.3M
31 Mar 2025$2.60M$1.36B0.0 yrs$47.7M
31 Dec 2024$2.60M$1.28B0.0 yrs$50.9M
30 Sep 2024$2.50M$1.19B0.0 yrs$42.1M
30 Jun 2024$2.60M$1.12B0.0 yrs$38.5M
31 Mar 2024$2.50M$1.04B0.0 yrs$35.4M
31 Dec 2023$2.40M$966M0.0 yrs$37.0M
30 Sep 2023$2.40M$914M0.0 yrs$22.4M
30 Jun 2023$2.40M$848M0.0 yrs$22.3M
31 Mar 2023$2.40M$784M0.0 yrs$21.8M

Questions

What is Dutch Bros's backlog?
Dutch Bros reported $2.60M of remaining performance obligations at 31 Dec 2025, flat from a year earlier and up 4% from the previous quarter. That is 0.0 years of trailing revenue already under contract. Book-to-bill last quarter: 1.00.

About these numbers

Remaining performance obligations (RPO) are revenue a company has contracted but not yet recognised, as reported in its SEC filings (XBRL tag RevenueRemainingPerformanceObligation). Coverage = backlog ÷ trailing twelve-month revenue. Book-to-bill = (change in backlog + revenue) ÷ revenue. Conversion = revenue recognised ÷ the backlog at the start of each quarter, summed over four quarters. Counterparty values come from company filings and releases.