The financials
Dutch Bros Inc. by the numbers
Dutch Bros Inc. (BROS) reported revenue of $464M in Q1 2026 (quarter ended March 31, 2026), up 31% from the same quarter a year earlier. That came with a gross margin of 23% and net income of $16M (3.5% of revenue). For the full year FY2025, revenue was $1.64B (+28% year on year) and net income $80M. Its largest product in 2026-Q1 was Company Operated Shops at $429M, 92% of the disclosed total, just ahead of Franchise Fees at 7.3%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $464M | $355M | +31% |
| Gross profit | $107M | $90M | +19% |
| Operating income | $34M | $31M | +10% |
| Net income | $16M | $15M | +4.8% |
| Diluted EPS | $0.13 | $0.13 | 0.0% |
| Product | Revenue | Share |
|---|---|---|
| Company Operated Shops | $429M | 92% |
| Franchise Fees | $34M | 7.3% |
| Product And Service Other | $1.4M | 0.3% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q1 2026Total $464.4M (+9.6%)
Company Operated Shops grew +31% year on yearProduct And Service Other -15% year on year
Segment Latestquarter on quarteryear on year
- Company Operated Shops$429.1M$429.1MQoQ +9.2%year on year +31%+9.2%+31%
- Franchise Fees$34.0M$34.0MQoQ +17%year on year +25%+17%+25%
- Product And Service Other$1.4M$1.4MQoQ -14%year on year -15%-14%-15%