Dutch Bros Inc. (BROS) stock
Close on Oct 30, 2026Market cap $7.49BP/E 59.5Yield –
Earnings
Dutch Bros's quarterly results as reported in its earnings releases, with the company's own outlook. Hover a number to see the sentence it came from.
Quarterly results
Revenue and earnings per share from each of Dutch Bros's earnings releases, newest first
| Quarter | Reported | Revenue | YoY | EPS | Adj. EPS | Source |
|---|---|---|---|---|---|---|
| Q3 FY2026ended Sep 30, 2026 | Nov 4, 2026Expected | – | – | – | – | – |
| Q2 FY2026ended Jun 30, 2026 | Aug 5, 2026during market hours | $550.90M | +32.5% | – | – | Release |
| Q1 FY2026ended Mar 31, 2026 | May 6, 2026during market hours | $464.40M | +30.7% | – | $0.16 | Release |
| Q4 FY2025ended Dec 31, 2025 | Feb 12, 2026during market hours | $443.60M | +29.4% | $0.17 | $0.17 | Release |
| Q3 FY2025ended Sep 30, 2025 | Nov 5, 2025during market hours | $423.60M | +25.3% | $0.14 | $0.19 | Release |
| Q2 FY2025ended Jun 30, 2025 | Aug 6, 2025during market hours | $415.80M | +28.0% | $0.20 | $0.26 | Release |
| Q1 FY2025ended Mar 31, 2025 | May 7, 2025during market hours | $355.20M | +29.1% | $0.13 | $0.14 | Release |
| Q4 FY2024ended Dec 31, 2024 | Feb 12, 2025during market hours | $342.80M | +34.9% | $0.03 | $0.07 | Release |
| Q3 FY2024ended Sep 30, 2024 | Nov 6, 2024during market hours | $338.20M | +27.9% | $0.11 | $0.16 | Release |
| Q2 FY2024ended Jun 30, 2024 | Aug 7, 2024during market hours | $324.90M | +30.0% | $0.12 | $0.19 | Release |
| Q1 FY2024ended Mar 31, 2024 | May 7, 2024during market hours | $275.10M | +39.4% | $0.08 | $0.09 | Release |
| Q4 FY2023ended Dec 31, 2023 | Feb 21, 2024during market hours | $254.10M | +25.9% | -$0.02 | $0.04 | Release |
| Q3 FY2023ended Sep 30, 2023 | Nov 7, 2023during market hours | $264.50M | +33.2% | $0.07 | $0.14 | Release |
| Q2 FY2023ended Jun 30, 2023 | Aug 8, 2023during market hours | $249.90M | +34.1% | $0.05 | $0.13 | Release |
| Q1 FY2023ended Mar 31, 2023 | May 9, 2023during market hours | $197.30M | +29.6% | -$0.07 | $0.00 | Release |
| Q4 FY2022ended Dec 31, 2022 | Feb 22, 2023during market hours | $201.80M | +44.0% | -$0.01 | $0.03 | Release |
| Q3 FY2022ended Sep 30, 2022 | Nov 9, 2022during market hours | $198.60M | +53.0% | $0.03 | $0.09 | Release |
| Q2 FY2022ended Jun 30, 2022 | Aug 10, 2022during market hours | $186.40M | – | -$0.02 | $0.05 | Release |
| Q1 FY2022ended Mar 31, 2022 | May 11, 2022during market hours | $152.20M | – | -$0.10 | -$0.02 | Release |
| Q4 FY2021ended Dec 31, 2021 | Mar 1, 2022during market hours | $140.10M | – | -$0.06 | $0.02 | Release |
| Q3 FY2021ended Sep 30, 2021 | Nov 10, 2021during market hours | $129.80M | – | -$0.15 | $0.23 | Release |
Figures as first announced; later restatements appear under Financials. Expected dates are estimated from the company's past reporting pattern.
Current guidance
Dutch Bros's latest outlook for periods it has not reported yet, compared with what it said before
| Metric | Period | Guidance | Before | Change | Given |
|---|---|---|---|---|---|
| Total revenues | FY2026 | $2.10B – $2.13B | $2.05B – $2.08B | Raised | Aug 5, 2026 |
| Same shop sales 1 growth | FY2026 | +5% – +6% | +4% – +6% | Raised | Aug 5, 2026 |
| Adjusted EBITDA 4non-GAAP | FY2026 | $385.00M – $390.00M | $370.00M – $380.00M | Raised | Aug 5, 2026 |
| Capital expenditures | FY2026 | $350.00M – $370.00M | $270.00M – $290.00M | Raised | Aug 5, 2026 |
| Total system shop openings | FY2026 | 185 | 185 | Reaffirmed | Aug 5, 2026 |
Guidance vs results
The last range Dutch Bros gave before each report, against the figure it then reported. Full years add up the four quarters.
| Period | Metric | Guidance | Actual | Result |
|---|---|---|---|---|
| FY2025 | Revenue | $1.61B – $1.62B | $1.64BΣ4Q | Above range |
| Q4 FY2021 | Revenue | $125.00M – $128.00M | $140.10M | Above range |
Guidance history
Every forecast Dutch Bros put in an earnings release, newest first
| Given | Metric | Period | Guidance | Change |
|---|---|---|---|---|
| Aug 5, 2026 | Capital expenditures | FY2026 | $350.00M – $370.00M | Raised |
| Aug 5, 2026 | Same shop sales 1 growth | FY2026 | +5% – +6% | Raised |
| Aug 5, 2026 | Adjusted EBITDA 4 | FY2026 | $385.00M – $390.00M | Raised |
| Aug 5, 2026 | Total system shop openings | FY2026 | 185 | Reaffirmed |
| Aug 5, 2026 | Total revenues | FY2026 | $2.10B – $2.13B | Raised |
| May 6, 2026 | Capital expenditures | FY2026 | $270.00M – $290.00M | Reaffirmed |
| May 6, 2026 | Same shop sales growth | FY2026 | +4% – +6% | Raised |
| May 6, 2026 | Adjusted EBITDA | FY2026 | $370.00M – $380.00M | Raised |
| May 6, 2026 | Total system shop openings | FY2026 | 185 | Raised |
| May 6, 2026 | Total revenues | FY2026 | $2.05B – $2.08B | Raised |
| Feb 12, 2026 | Capital expenditures | FY2026 | $270.00M – $290.00M | New |
| Feb 12, 2026 | Same shop sales growth | FY2026 | +3% – +5% | New |
| Feb 12, 2026 | Adjusted EBITDA | FY2026 | $355.00M – $365.00M | New |
| Feb 12, 2026 | Total system shop openings | FY2026 | 181 | Raised |
| Feb 12, 2026 | Total revenues | FY2026 | $2.00B – $2.03B | New |
| Nov 5, 2025 | Capital expenditures | FY2025 | $240.00M – $260.00M | New |
| Nov 5, 2025 | Same shop sales growth | FY2025 | +5% | New |
| Nov 5, 2025 | Adjusted EBITDA | FY2025 | $285.00M – $290.00M | New |
| Nov 5, 2025 | Total system shop openings | FY2025 | 160 | New |
| Nov 5, 2025 | Total system shop openings | FY2026 | 175 | New |
| Nov 5, 2025 | Total revenues | FY2025 | $1.61B – $1.62B | New |
| Aug 6, 2025 | Capital expenditures | FY2025 | $240.00M – $260.00M | Reaffirmed |
| Aug 6, 2025 | Same shop sales growth | FY2025 | +4.5% | Raised |
| Aug 6, 2025 | Adjusted EBITDA | FY2025 | $285.00M – $290.00M | Raised |
| Aug 6, 2025 | Total system shop openings | FY2025 | 160 | Reaffirmed |
| Aug 6, 2025 | Total revenues | FY2025 | $1.59B – $1.60B | Raised |
| May 7, 2025 | Capital expenditures | FY2025 | $240.00M – $260.00M | New |
| May 7, 2025 | Same shop sales 1 growth | FY2025 | +2% – +4% | Reaffirmed |
| May 7, 2025 | Adjusted EBITDA 3 | FY2025 | $265.00M – $275.00M | Reaffirmed |
| May 7, 2025 | Total system shop openings | FY2025 | 160 | Reaffirmed |
| May 7, 2025 | Total revenues | FY2025 | $1.56B – $1.58B | New |
| Feb 12, 2025 | Capital expenditures | FY2025 | $240.00M – $260.00M | New |
| Feb 12, 2025 | Same shop sales 1 growth | FY2025 | +2% – +4% | New |
| Feb 12, 2025 | Adjusted EBITDA | FY2025 | $265.00M – $275.00M | New |
| Feb 12, 2025 | Total system shop openings | FY2025 | 160 | New |
| Feb 12, 2025 | Total revenues | FY2025 | $1.56B – $1.58B | New |
| Nov 6, 2024 | Capital expenditures | FY2024 | $245.00M – $265.00M | Lowered |
| Nov 6, 2024 | Same shop sales 1 growth | Q4 FY2024 | +1% – +2% | New |
| Nov 6, 2024 | Same shop sales 1 growth | FY2024 | +4.25% | New |
| Nov 6, 2024 | Adjusted EBITDA | FY2024 | $215.00M – $220.00M | Raised |
| Nov 6, 2024 | Total system shop openings | FY2024 | 150 | Lowered |
| Nov 6, 2024 | Adjusted SG&A | FY2024 | $195.00M – $200.00M | Raised |
| Nov 6, 2024 | Total revenues | FY2024 | $1.26B – $1.26B | Raised |
| Aug 7, 2024 | Capital Expenditures | FY2024 | $270.00M – $290.00M | Lowered |
| Aug 7, 2024 | Adjusted EBITDA | FY2024 | $200.00M – $210.00M | Raised |
| Aug 7, 2024 | Total system shop openings | FY2024 | 150 – 165 | Reaffirmed |
| Aug 7, 2024 | Adjusted SG&A | FY2024 | $190.00M – $200.00M | Raised |
| Aug 7, 2024 | Total revenues | FY2024 | $1.22B – $1.23B | Raised |
| May 7, 2024 | Capital Expenditures | FY2024 | $280.00M – $320.00M | New |
| May 7, 2024 | Adjusted EBITDA | FY2024 | $195.00M – $205.00M | Raised |
| May 7, 2024 | Total system shop openings | FY2024 | 150 – 165 | Reaffirmed |
| May 7, 2024 | Total revenues | FY2024 | $1.20B – $1.22B | New |
| Feb 21, 2024 | Capital Expenditures | FY2024 | $280.00M – $320.00M | New |
| Feb 21, 2024 | Adjusted EBITDA | FY2024 | $185.00M – $195.00M | New |
| Feb 21, 2024 | Total system shop openings | FY2024 | 150 – 165 | Reaffirmed |
| Feb 21, 2024 | Stock based compensation | FY2024 | $12.00M – $17.00M | New |
| Feb 21, 2024 | Adjusted SG&A | FY2024 | $183.00M – $189.00M | New |
| Feb 21, 2024 | Total revenues | FY2024 | $1.19B – $1.21B | New |
| Jan 8, 2024 | Total system shop openings | FY2024 | 150 – 165 | New |
| Nov 7, 2023 | capital expenditures | FY2023 | $225.00M – $250.00M | Reaffirmed |
| Nov 7, 2023 | Adjusted EBITDA | FY2023 | $150.00M – $155.00M | Raised |
| Aug 8, 2023 | Capital expenditures | FY2023 | $225.00M – $250.00M | Reaffirmed |
| Aug 8, 2023 | Adjusted EBITDA | FY2023 | $135.00M – $140.00M | Raised |
| Aug 8, 2023 | Total system shop openings | FY2023 | 150 | Raised |
| May 9, 2023 | Capital expenditures | FY2023 | $225.00M – $250.00M | New |
| May 9, 2023 | Adjusted EBITDA | FY2023 | $125.00M | Reaffirmed |
| May 9, 2023 | Total system shop openings | FY2023 | 150 | Reaffirmed |
| May 9, 2023 | company-operated shop openings | FY2023 | 130 | Lowered |
| Feb 22, 2023 | Capital expenditures | FY2023 | $225.00M – $250.00M | New |
| Feb 22, 2023 | Adjusted EBITDA | FY2023 | $125.00M | New |
| Feb 22, 2023 | Total system shop openings | FY2023 | 150 | Reaffirmed |
| Nov 9, 2022 | Capital expenditures | FY2022 | $175.00M – $200.00M | Reaffirmed |
| Nov 9, 2022 | Adjusted EBITDA | FY2022 | $90.00M | Reaffirmed |
| Nov 9, 2022 | Total system shop openings | FY2022 | 130 | Raised |
| Nov 9, 2022 | Company-operated shop openings | FY2022 | 110 | Lowered |
| Nov 9, 2022 | Total system shop openings | FY2023 | 150 | New |
| Nov 9, 2022 | Total revenues | FY2022 | $725.00M | Raised |
| Aug 10, 2022 | Capital expenditures | FY2022 | $175.00M – $200.00M | Reaffirmed |
| Aug 10, 2022 | Adjusted EBITDA | FY2022 | $90.00M | Reaffirmed |
| Aug 10, 2022 | Total system shop openings | FY2022 | 130 | Reaffirmed |
| Aug 10, 2022 | company-operated shop openings | FY2022 | 110 | Lowered |
| Aug 10, 2022 | Total revenues | FY2022 | $715.00M | New |
| May 11, 2022 | Capital expenditures | FY2022 | $175.00M – $200.00M | New |
| May 11, 2022 | Adjusted EBITDA | FY2022 | $90.00M | Lowered |
| May 11, 2022 | Total shop openings | Q2 FY2022 | 30 | New |
| May 11, 2022 | Total system shop openings | FY2022 | 130 | Raised |
| May 11, 2022 | Total revenues | FY2022 | $700.00M – $715.00M | Reaffirmed |
| Mar 1, 2022 | Capital expenditures | FY2022 | $175.00M – $200.00M | New |
| Mar 1, 2022 | Adjusted EBITDA | FY2022 | $115.00M – $120.00M | New |
| Mar 1, 2022 | Total system shop openings | Q1 FY2022 | 30 | New |
| Mar 1, 2022 | Total system shop openings | FY2022 | 125 | Raised |
| Mar 1, 2022 | Total revenues | FY2022 | $700.00M – $715.00M | New |
| Nov 10, 2021 | Adjusted EBITDA | Q4 FY2021 | $12.50M – $13.50M | New |
| Nov 10, 2021 | Total system shop openings | Q4 FY2021 | 30 | New |
| Nov 10, 2021 | Total system shop openings | FY2022 | 112 | New |
| Nov 10, 2021 | Total revenue | Q4 FY2021 | $125.00M – $128.00M | New |
Read from the company's earnings releases; each figure links to its sentence on hover. “Raised” and “Lowered” compare with the previous range for the same metric and period.
Press releases
Releases Dutch Bros filed with the SEC as exhibits to Form 8-K or 6-K
- Results
- Results
- Results
- Results
- Results
- Results
- Update
- Results
- Results
- Results
- Results
- Update
- Update
- Results
- Results