Dutch Bros financials
$38.10+0.95%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q2 '26 Jun 30 | Q1 '26 Mar 31 | Q4 '25 Dec 31 | Q3 '25 Sep 30 | Q2 '25 Jun 30 | Q1 '25 Mar 31 | Q4 '24 Dec 31 | Q3 '24 Sep 30 | Q2 '24 Jun 30 | Q1 '24 Mar 31 | Q4 '23 Dec 31 | Q3 '23 Sep 30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $550.9M | $464.4M | $443.6M | $423.6M | $415.8M | $355.2M | $342.8M | $338.2M | $324.9M | $275.1M | $254.1M | $264.5M |
| Gross profit | $151.1M | $107.5M | $107.1M | $106.8M | $120.0M | $90.0M | $87.9M | $90.1M | $90.3M | $71.8M | $59.1M | $75.2M |
| Gross margin | 27.4% | 23.1% | 24.1% | 25.2% | 28.9% | 25.3% | 25.7% | 26.6% | 27.8% | 26.1% | 23.3% | 28.4% |
| Operating income | $70.4M | $34.3M | $34.0M | $41.5M | $54.7M | $31.1M | $15.8M | $32.5M | $32.2M | $25.6M | $2.2M | $24.7M |
| Net income | $37.4M | $16.1M | $21.4M | $17.5M | $25.6M | $15.4M | $3.6M | $12.6M | $11.9M | $7.1M | -$1.4M | $4.2M |
| Net margin | 6.8% | 3.5% | 4.8% | 4.1% | 6.2% | 4.3% | 1.1% | 3.7% | 3.7% | 2.6% | −0.6% | 1.6% |
| Diluted EPS | $0.28 | $0.13 | $0.17 | $0.14 | $0.20 | $0.13 | $0.03 | $0.11 | $0.12 | $0.08 | $-0.02 | $0.07 |
| EBITDA | $105.9M | $72.6M | $65.7M | $70.6M | $82.6M | $57.5M | $41.3M | $56.4M | $54.5M | $46.8M | $2.2M | $42.8M |
| Operating cash flow | $112.2M | $84.7M | $79.6M | $89.1M | $89.9M | $36.9M | $62.2M | $83.5M | $59.5M | $41.2M | $45.0M | $49.1M |
| Free cash flow | $39.9M | $7.9M | $8.5M | $18.9M | $35.7M | -$8.7M | $19.5M | $26.4M | -$4.9M | -$16.3M | -$15.7M | -$16.4M |
| Diluted shares | 134.8M | 127.4M | 127.3M | 127.4M | 126.8M | 121.5M | 116.5M | 114.3M | 102.4M | 83.4M | 74.0M | 60.2M |
Balance sheet
| Period end | Jun 30 | Mar 31 | Dec 31 | Sep 30 | Jun 30 | Mar 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $268.6M | $263.5M | $269.4M | $267.2M | $254.4M | $316.4M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total debt | $198.5M | $199.3M | $200.2M | $605.9M | $595.1M | $671.7M |
| Total assets | $3.38B | $3.11B | $3.01B | $2.92B | $2.81B | $2.77B |
| Total liabilities | $2.40B | $2.18B | $2.11B | $2.06B | $1.98B | $1.97B |
| Shareholders' equity | $975.0M | $920.5M | $897.9M | $865.0M | $833.9M | $796.3M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology