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Dutch Bros/$BROS

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About Dutch Bros

Dutch Bros is the third-largest specialty coffee chain in the US, generating $2.2 billion in systemwide sales across 1,136 stores in 2025. The firm derives the bulk of its revenue from selling coffee, energy drinks, and other beverages to customers at its company-owned units, which account for 92% of total revenue. The remainder is derived from royalties, fees, and product sales to franchisees (32% of the shop mix) as well as license fees from the sale of branded products. Dutch Bros' model emphasizes friendly service and speed at its predominantly drive-thru locations, mainly in the Western and Southern US regions.
Ticker
$BROS
Primary listing
NYSE
Employees
27,000

Dutch Bros Metrics

BasicAdvanced
$6.1B
61.39
$0.72
2.29
-

What the Analysts think about Dutch Bros

Analyst ratings (Buy, Hold, Sell) for Dutch Bros stock.
Analyst projections of the future price of Dutch Bros stock.

Bulls say / Bears say

Second-quarter revenue rose 32.5% and net income increased to $51.6 million, prompting Dutch Bros to raise its 2026 revenue and adjusted EBITDA forecasts. That points to strong current execution and improving earnings. (Dutch Bros)
Growth is not only coming from opening more shops or raising prices: company-operated comparable sales rose 8.3%, with transactions up 3.4%, and systemwide transactions also grew. Continued customer visits support the case that the brand is building demand. (Dutch Bros)
Dutch Bros says it has assembled about 90% of the development pipeline needed to reach 4,000 shops by 2029 and expects at least 185 openings in 2026. Its planned conversion of up to 65 acquired drive-through sites could help accelerate expansion in established markets. (Dutch Bros, Dutch Bros)
Competition is intensifying as drive-through rival 7 Brew is expected to overtake Dutch Bros in store count next year. Analysts also see comparable-sales growth slowing, raising questions about whether the chain can keep gaining ground as its footprint expands. (Reuters, Investing.com)
Rising coffee and food costs are squeezing shop economics: beverage, food and packaging costs increased by 80 basis points as a share of company-operated revenue in the second quarter, while shop contribution margin fell to 30.6% from 31.1%. Higher occupancy costs add another headwind. (SEC, The Motley Fool)
The expansion plan needs substantial investment: Dutch Bros forecasts $350–$370 million of capital spending in 2026 while targeting at least 185 new shops. If new locations underperform, heavy build-out spending could make it harder to turn rapid sales growth into stronger cash generation. (Dutch Bros, SEC)
Data summarised monthly by Lightyear AI. Last updated on 26 Oct 2026.

Dutch Bros Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

Dutch Bros Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
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