Earnings summaries and quarterly performance for Dutch Bros.
Executive leadership at Dutch Bros.
Christine Barone
Detailed
Chief Executive Officer and President
CEO
JG
Joshua Guenser
Detailed
Chief Financial Officer
ND
Nicholas Daddario
Detailed
Chief Accounting Officer
SG
Sumi Ghosh
Detailed
President of Operations
TD
Tana Davila
Detailed
Chief Marketing Officer
TB
Travis Boersma
Detailed
Executive Chairman
VT
Victoria Tullett
Detailed
Chief Legal Officer
Board of directors at Dutch Bros.
Research analysts who have asked questions during Dutch Bros earnings calls.
AC
Andrew Charles
TD Cowen
6 questions for BROS
Also covers: CAVA, CMG, DPZ +14 more
DT
David Tarantino
Robert W. Baird & Co.
6 questions for BROS
Also covers: ATKR, CAKE, CAVA +19 more
DG
Dennis Geiger
UBS
6 questions for BROS
Also covers: BLMN, CAKE, CAVA +18 more
Gregory Francfort
Guggenheim Securities
6 questions for BROS
Also covers: CMG, DPZ, DRI +11 more
JB
Jeffrey Bernstein
Barclays
6 questions for BROS
Also covers: BJRI, BLMN, CAKE +22 more
Jeffrey Farmer
Gordon Haskett Research Advisors
6 questions for BROS
Also covers: BLMN, CAKE, CBRL +7 more
SS
Sara Senatore
Bank of America
6 questions for BROS
Also covers: BLMN, CAKE, CAVA +21 more
Andrew Barish
Jefferies
5 questions for BROS
Also covers: CAKE, CAVA, DRI +10 more
John Ivankoe
JPMorgan Chase & Co.
5 questions for BROS
Also covers: BLMN, CAKE, CAVA +13 more
Brian Harbour
Morgan Stanley
4 questions for BROS
Also covers: BLMN, CAKE, CAVA +21 more
CO
Christopher O'Cull
Stifel, Nicolaus & Company
4 questions for BROS
Also covers: CAVA, CMG, DPZ +13 more
CC
Christine Cho
Goldman Sachs Group
3 questions for BROS
Also covers: BEP, BEPC, BLMN +24 more
LR
Logan Reich
RBC Capital Markets
3 questions for BROS
Also covers: CAVA, DPZ, JACK +5 more
NS
Nick Setyan
Wedbush Securities
3 questions for BROS
Also covers: BJRI, CAVA, DENN +4 more
Christopher Carril
KeyBanc Capital Markets
2 questions for BROS
Also covers: QSR
JT
Jon Tower
Citigroup
2 questions for BROS
Also covers: BJRI, BLMN, CAKE +19 more
SZ
Sharon Zackfia
William Blair & Company
2 questions for BROS
Also covers: BIRK, BJRI, CAKE +16 more
AB
Andy Barish
Jefferies Financial Group Inc.
1 question for BROS
Also covers: CAKE, DRI, FWRG +4 more
Brian Mullan
Piper Sandler
1 question for BROS
Also covers: BJRI, BLMN, CAKE +20 more
CO
Chris O'cull
Stifel Financial Corp
1 question for BROS
Also covers: CAVA, CMG, DPZ +11 more
Jacob Aiken-Phillips
Melius Research
1 question for BROS
Also covers: ACI, CASY, CAVA +10 more
NS
Nerses Setyan
Wedbush Securities
1 question for BROS
Patrick Johnson
Stifel
1 question for BROS
Also covers: DRI, FWRG, JACK +1 more
RK
Rahul Krotthapalli
JPMorgan Chase & Co.
1 question for BROS
Also covers: CAKE, CAVA, DNUT +8 more
Recent press releases and 8-K filings for BROS.
Dutch Bros Reports Strong Q4 and Full-Year 2025 Results, Provides 2026 Guidance
BROS
Earnings
Guidance Update
M&A
- Dutch Bros reported strong full-year 2025 financial results, with total revenues reaching $1.64 billion, a 28% increase, and Adjusted EBITDA growing 31% to $303 million. System same-shop sales grew 5.6% for the year, and Q4 2025 saw total revenues of $444 million and Adjusted EBITDA of $73 million.
- The company expanded its footprint by opening 154 new shops in 2025, bringing the total to 1,136 system-wide shops across 25 states. Strategic growth includes the acquisition of 20 Clutch Coffee Bar locations for approximately $20 million and a long-term goal of 2,029 shops by 2029.
- Key initiatives driving growth include the Dutch Rewards program, which surpassed 15 million members by the end of 2025, and the expansion of the new food program to over 300 shops across 11 states, with a full rollout planned by the end of 2026.
- For 2026, Dutch Bros provided guidance projecting total revenues between $2 billion and $2.03 billion, at least 181 new system shop openings, system same-shop sales growth of 3%-5%, and Adjusted EBITDA in the range of $355 million-$365 million.
Feb 12, 2026, 10:00 PM
Dutch Bros Reports Q4 2025 Results and Provides 2026 Outlook
BROS
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Dutch Bros reported total revenue of $444 million for Q4 2025, contributing to a full-year 2025 total revenue of $1,638.159 million.
- Adjusted EBITDA for Q4 2025 was $72.642 million, with a full-year 2025 Adjusted EBITDA of $302.554 million.
- Systemwide Same Shop Sales grew by 7.7% in Q4 2025, resulting in a 5.6% growth for the full year 2025.
- The company ended Q4 2025 with 1,136 total shops.
- For fiscal year 2026, Dutch Bros projects revenue between $2 billion and $2.03 billion, Adjusted EBITDA between $355 million and $365 million, and plans to open at least 181 new shops.
Feb 12, 2026, 10:00 PM
Dutch Bros Reports Strong Q4 and Full Year 2025 Results, Provides 2026 Guidance
BROS
Earnings
Guidance Update
M&A
- Dutch Bros reported strong Q4 2025 total revenues of $444 million, a 29% increase year-over-year, with system same-shop sales growth of 7.7% and Adjusted EBITDA of $73 million, up 49%. For the full year 2025, total revenues reached $1.64 billion, a 28% growth, and Adjusted EBITDA grew 31% to $303 million.
- The company provided 2026 guidance, projecting total revenues between $2 billion and $2.03 billion, system same-shop sales growth of 3%-5%, and Adjusted EBITDA in the range of $355 million-$365 million.
- Dutch Bros plans to open at least 181 new system shops in 2026, representing 16% shop growth, which includes the acquisition of 20 Clutch Coffee Bar locations for approximately $20 million. The company ended 2025 with 1,136 system-wide shops and aims to reach 2,029 shops by 2029 and a long-term goal of 7,000 shops.
- Key growth initiatives, such as the Order Ahead program (14% mix in Q4 2025) and the new food program (expanded to over 300 shops by end of 2025 with full rollout by end of 2026), are contributing to performance, with the food program showing an approximate 4% comp lift in participating shops. System-wide AUVs reached a record $2.1 million , and CapEx per shop decreased to $1.3 million in Q4 2025 from $1.8 million in Q4 2024, reflecting improved efficiency.
Feb 12, 2026, 10:00 PM
Dutch Bros Reports Strong Q4 and Full-Year 2025 Results, Provides Optimistic 2026 Guidance
BROS
Earnings
Guidance Update
New Projects/Investments
- Dutch Bros reported strong Q4 2025 total revenues of $444 million, a 29% increase over the prior year, contributing to full-year 2025 revenues of $1.64 billion, up 28%. Adjusted EBITDA grew 31% to $303 million for the full year.
- System same-shop sales grew 7.7% in Q4 2025 and 5.6% for the full year, driven by 5.4% transaction growth in Q4. The company opened 154 new shops in 2025, bringing the total system count to 1,136 shops across 25 states.
- For 2026, Dutch Bros projects total revenues between $2 billion and $2.03 billion, at least 181 new system shop openings (including 20 Clutch Coffee Bar conversions), system same-shop sales growth of 3%-5%, and adjusted EBITDA between $355 million and $365 million.
- Key initiatives include the Dutch Rewards program, which surpassed 15 million members by the end of 2025, with 72% of system transactions attributed to it. The food program expanded to over 300 shops across 11 states in 2025, with plans for full rollout by the end of 2026.
Feb 12, 2026, 10:00 PM
Dutch Bros Reports Strong Q4 and Full Year 2025 Financial Results and Provides 2026 Guidance
BROS
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Dutch Bros Inc. reported Q4 2025 total revenues of $443.6 million, a 29.4% increase year-over-year, and full year 2025 total revenues of $1.64 billion, up 27.9% from 2024.
- System same shop sales grew 7.7% in Q4 2025 and 5.6% for the full year 2025, marking the 19th consecutive year of positive same shop sales growth.
- Adjusted EBITDA for Q4 2025 increased 48.8% to $72.6 million, and for the full year 2025, it grew 31.4% to $302.6 million.
- The company opened 55 new shops in Q4 2025 and 154 new shops for the full year 2025, bringing the total shop count to 1,136 locations as of December 31, 2025.
- For 2026, Dutch Bros projects total revenues between $2 billion and $2.03 billion, same shop sales growth of 3% to 5%, and Adjusted EBITDA between $355 million and $365 million, with at least 181 new system shop openings.
Feb 12, 2026, 9:06 PM
Dutch Bros Reports Q4 and Full Year 2025 Financial Results and 2026 Guidance
BROS
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Dutch Bros Inc. reported total revenues of $443.6 million for the fourth quarter of 2025, representing a 29.4% growth compared to the same period in 2024, with Adjusted EBITDA increasing by 48.8% to $72.6 million.
- For the full year 2025, total revenues grew 27.9% to $1.64 billion, and Adjusted EBITDA increased 31.4% to $302.6 million.
- The company provided 2026 guidance, projecting total revenues between $2 billion and $2.03 billion, same shop sales growth in the range of 3% to 5%, and Adjusted EBITDA between $355 million and $365 million.
Feb 12, 2026, 9:05 PM
Dutch Bros Expands CPG Product Availability
BROS
Product Launch
New Projects/Investments
- Dutch Bros Inc. is expanding the availability of its "Dutch Bros at home assortment," a new consumer packaged goods (CPG) line developed in partnership with Trilliant Food & Nutrition, LLC.
- The product collection, featuring ground coffee, ready-to-drink iced lattes, creamers, and single-serve coffee pods, is now accessible through Amazon and major retailers including Walmart, H.E.B, and Albertsons.
- This expansion represents Dutch Bros' entry into the CPG market, with the company and its partner highlighting the opportune timing as the coffee category is "primed for disruption".
Feb 10, 2026, 12:00 PM
Dutch Bros Reports Strong Q3 2025 Results and Raises Full-Year Revenue and Same Shop Sales Guidance
BROS
Earnings
Guidance Update
New Projects/Investments
- Dutch Bros reported strong Q3 2025 results, with total revenue of $424 million, a 25% increase over the prior year, and adjusted EPS of $0.19, up 19% from Q3 last year.
- The company achieved system same shop sales growth of 5.7% and system transaction growth of 4.7% in Q3 2025, marking its fifth consecutive quarter of transaction growth.
- Full-year 2025 guidance was raised for total revenues to between $1.61 billion and $1.615 billion and system same shop sales growth to approximately 5%, while adjusted EBITDA guidance remains in the range of $285 million-$290 million.
- Dutch Bros opened 38 new shops in Q3 2025, bringing the total system shop count to 1,081, and projects approximately 175 new system shops to open in 2026, remaining on track for its goal of 2,029 shops in 2029.
- The food program expanded to approximately 160 shops by the end of Q3 2025, with a full rollout planned by the end of 2026, and is expected to contribute an approximate 4% comp lift in participating shops.
Nov 5, 2025, 10:00 PM
Dutch Bros announces Q3 2025 results and FY 2025 outlook
BROS
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Dutch Bros reported Q3 2025 total revenue of $424 million and Adjusted EBITDA of $78 million.
- Systemwide Same Shop Sales grew by 5.7% in Q3 2025, with Company-Operated Same Shop Sales increasing by 7.4%.
- By Q3 2025, the company reached a total of 1081 shops, of which 759 are company-operated.
- For FY 2025, Dutch Bros projects total revenue between $1.61 billion to $1.615 billion, Adjusted EBITDA between $285 million to $290 million, and approximately 5% Same Shop Sales Growth.
Nov 5, 2025, 10:00 PM
Dutch Bros Inc. Reports Strong Q3 2025 Financial Results and Raises Full-Year Guidance
BROS
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Dutch Bros Inc. reported 25.2% revenue growth, reaching $423.6 million for the third quarter ended September 30, 2025.
- Systemwide same shop sales increased 5.7%, while company-operated same shop sales grew 7.4% in Q3 2025.
- Net income for Q3 2025 was $27.3 million, and Adjusted EBITDA grew 22.3% to $78.0 million.
- The company raised its full-year 2025 guidance, now projecting total revenues between $1.61 billion and $1.615 billion and same shop sales growth of approximately 5%.
- Dutch Bros opened 38 new shops in Q3 2025, with a target of 160 total system shop openings for 2025 and approximately 175 for 2026.
Nov 5, 2025, 9:09 PM
Quarterly earnings call transcripts for Dutch Bros.
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