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Dutch Bros Inc.

Dutch Bros Inc.BROSEarnings & Financial Report

NYSE · retail

Dutch Bros Inc., originally written Dutch Bros., is a publicly held drive-through coffee chain in the United States. Founded in 1992 by Dane and Travis Boersma, it is headquartered in Tempe, Arizona, after having been based in Grants Pass, Oregon, for many years prior to 2025. It has company-owned and franchise locations primarily located in the Western United States, although the company has expanded as far east as Orlando, Florida.

BROS Q4 2025 Key Financial Metrics

Revenue

$443.6M

Gross Profit

$107.1M

Operating Profit

$34.0M

Net Profit

$21.4M

Gross Margin

24.1%

Operating Margin

7.7%

Net Margin

4.8%

YoY Growth

29.4%

EPS

$0.17

Financial Flow

Dutch Bros Inc. Q4 2025 Financial Summary

Dutch Bros Inc. reported revenue of $443.6M for Q4 2025, with a net profit of $21.4M (4.8% margin). Cost of goods sold was $336.5M, operating expenses totaled $73.2M.

Key Financial Metrics

Total Revenue$443.6M
Net Profit$21.4M
Gross Margin24.1%
Operating Margin7.7%
Report PeriodQ4 2025

Dutch Bros Inc. Annual Revenue by Year

Dutch Bros Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $1.6B).

YearAnnual Revenue
2025$1.6B
2024$1.3B
2023$965.8M
2022$739.0M

Income Statement

Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025
Revenue$275.1M$324.9M$338.2M$342.8M$355.2M$415.8M$423.6M$443.6M
YoY Growth39.5%30.0%27.9%34.9%29.1%28.0%25.2%29.4%

Balance Sheet

Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025
Assets$2.07B$2.38B$2.43B$2.50B$2.77B$2.81B$2.92B$3.01B
Liabilities$1.38B$1.65B$1.68B$1.74B$1.97B$1.98B$2.06B$2.11B
Equity$417.1M$509.1M$523.1M$537.4M$599.1M$636.2M$656.6M$680.8M

Cash Flow

Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025
Operating CF$41.2M$59.5M$83.5M$62.2M$36.9M$89.9M$89.1M$79.6M