Dutch Bros Inc. (BROS) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 464.41M | 443.61M | 423.58M | 415.81M | 355.15M | 342.79M | 338.21M | 324.92M | 275.1M | 254.12M | 264.51M | 249.88M | 197.27M | 201.83M | 198.65M | 186.38M | 152.16M | 140.08M | 129.8M | 129.21M |
| Revenue Growth % | 30.76% | 29.41% | 25.24% | 27.97% | 29.1% | 34.89% | 27.87% | 30.03% | 39.46% | 25.91% | 33.15% | 34.07% | 29.65% | 44.08% | 53.04% | 44.25% | 54.03% | 55.82% | - | - |
| Cost of Goods Sold | 356.94M | 336.48M | 316.81M | 295.77M | 265.16M | 254.84M | 248.16M | 234.64M | 203.33M | 195M | 189.32M | 178.64M | 151.52M | 147.47M | 148.09M | 141.37M | 121.17M | 106.24M | 90.78M | 81.47M |
| COGS % of Revenue | 76.86% | 75.85% | 74.79% | 71.13% | 74.66% | 74.34% | 73.37% | 72.21% | 73.91% | 76.73% | 71.58% | 71.49% | 76.81% | 73.07% | 74.55% | 75.85% | 79.63% | 75.85% | 69.94% | 63.05% |
| Gross Profit | 107.48M | 107.13M | 106.78M | 120.04M | 89.99M | 87.95M | 90.05M | 90.28M | 71.77M | 59.13M | 75.18M | 71.24M | 45.74M | 54.36M | 50.56M | 45.01M | 30.99M | 33.84M | 39.02M | 47.74M |
| Gross Margin % | 23.14% | 24.15% | 25.21% | 28.87% | 25.34% | 25.66% | 26.63% | 27.79% | 26.09% | 23.27% | 28.42% | 28.51% | 23.19% | 26.93% | 25.45% | 24.15% | 20.37% | 24.15% | 30.06% | 36.95% |
| Gross Profit Growth % | 19.43% | 21.81% | 18.58% | 32.97% | 25.39% | 48.75% | 19.77% | 26.72% | 56.9% | 8.77% | 48.71% | 58.28% | 47.61% | 60.66% | 29.55% | -5.72% | -3.99% | 31.82% | - | - |
| Operating Expenses | 73.18M | 73.17M | 65.29M | 65.39M | 58.92M | 72.17M | 57.54M | 58.1M | 46.19M | 56.95M | 50.49M | 51.66M | 45.98M | 50.59M | 45.38M | 42.34M | 45.21M | 41.44M | 153.7M | 33.49M |
| OpEx % of Revenue | 15.76% | 16.49% | 15.41% | 15.72% | 16.59% | 21.05% | 17.01% | 17.88% | 16.79% | 22.41% | 19.09% | 20.67% | 23.31% | 25.07% | 22.84% | 22.72% | 29.72% | 29.58% | 118.41% | 25.92% |
| Selling, General & Admin | 73.18M | 71.93M | 64.36M | 65.39M | 58.92M | 72.17M | 57.54M | 58.1M | 46.19M | 56.95M | 50.49M | 51.66M | 45.98M | 50.59M | 45.38M | 42.34M | 45.21M | 41.44M | 153.7M | 33.49M |
| SG&A % of Revenue | 15.76% | 16.22% | 15.2% | 15.72% | 16.59% | 21.05% | 17.01% | 17.88% | 16.79% | 22.41% | 19.09% | 20.67% | 23.31% | 25.07% | 22.84% | 22.72% | 29.72% | 29.58% | 118.41% | 25.92% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 1000K | 924K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 34.3M | 33.96M | 41.49M | 54.66M | 31.07M | 15.78M | 32.52M | 32.18M | 25.58M | 2.18M | 24.69M | 19.58M | -232K | 3.77M | 5.18M | 2.67M | -14.22M | -7.6M | -114.68M | 14.25M |
| Operating Margin % | 7.39% | 7.66% | 9.79% | 13.15% | 8.75% | 4.6% | 9.61% | 9.91% | 9.3% | 0.86% | 9.34% | 7.84% | -0.12% | 1.87% | 2.61% | 1.43% | -9.35% | -5.43% | -88.35% | 11.03% |
| Operating Income Growth % | 10.39% | 115.23% | 27.6% | 69.83% | 21.47% | 624.09% | 31.67% | 64.36% | 11125.43% | -42.14% | 376.9% | 633.65% | 98.37% | 149.53% | 104.52% | -81.27% | -283.53% | -54.49% | - | - |
| EBITDA | 34.3M | 65.7M | 70.56M | 75.81M | 57.5M | 41.3M | 56.4M | 54.53M | 46.83M | 21.9M | 42.81M | 36.1M | 14.55M | 16.96M | 16.99M | 13.21M | -5.04M | -114K | -107.98M | 19.93M |
| EBITDA Margin % | 7.39% | 14.81% | 16.66% | 18.23% | 16.19% | 12.05% | 16.67% | 16.78% | 17.02% | 8.62% | 16.18% | 14.45% | 7.37% | 8.4% | 8.55% | 7.09% | -3.31% | -0.08% | -83.19% | 15.43% |
| EBITDA Growth % | -40.35% | 59.09% | 25.11% | 39.02% | 22.78% | 88.55% | 31.74% | 51.08% | 221.94% | 29.12% | 152% | 173.3% | 388.46% | 14979.82% | 115.73% | -33.74% | -407.31% | 78.93% | - | - |
| D&A (Non-Cash Add-back) | 0 | 31.74M | 29.07M | 21.15M | 26.43M | 25.52M | 23.88M | 22.35M | 21.25M | 19.72M | 18.12M | 16.52M | 14.78M | 13.2M | 11.81M | 10.54M | 9.18M | 7.49M | 6.7M | 5.68M |
| EBIT | 34.3M | 38.56M | 41.64M | 52.4M | 31.05M | 14.23M | 33.28M | 33.01M | 31.38M | 2.99M | 24.55M | 20.62M | 1.07M | 9.4M | 3.23M | 2.73M | -14M | -7.75M | -115.72M | 14.25M |
| Net Interest Income | 7.22M | -7.42M | -6.7M | -6.8M | -7.12M | -6.76M | -6.87M | -7M | -6.39M | -6.05M | -9.32M | -9.06M | -7.89M | -6.92M | -5.01M | -3.6M | -2.49M | -1.84M | -2.39M | -1.84M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | -7.22M | 7.42M | 6.7M | 6.8M | 7.12M | 6.76M | 6.87M | 7M | 6.39M | 6.05M | 9.32M | 9.06M | 7.89M | 6.92M | 5.01M | 3.6M | 2.49M | 1.84M | 2.39M | 1.84M |
| Other Income/Expense | -7.29M | -2.82M | -6.55M | -9.06M | -7.13M | -8.31M | -6.11M | -6.17M | -592K | -5.24M | -9.46M | -8.02M | -6.58M | -1.28M | -6.96M | -3.54M | -2.27M | -1.99M | -3.43M | -1.84M |
| Pretax Income | 27M | 31.14M | 34.94M | 45.6M | 23.94M | 7.47M | 26.41M | 26.02M | 24.99M | -3.06M | 15.23M | 11.56M | -6.81M | 2.48M | -1.78M | -866K | -16.49M | -9.59M | -118.11M | 12.41M |
| Pretax Margin % | 5.81% | 7.02% | 8.25% | 10.97% | 6.74% | 2.18% | 7.81% | 8.01% | 9.08% | -1.2% | 5.76% | 4.63% | -3.45% | 1.23% | -0.89% | -0.46% | -10.84% | -6.85% | -90.99% | 9.6% |
| Income Tax | 3.34M | 1.99M | 7.66M | 7.24M | 1.46M | 1.1M | 4.7M | 3.86M | 8.77M | 708K | 1.83M | 1.85M | 2.58M | 5.3M | -3.37M | 885K | -214K | -912K | -1.28M | 521K |
| Effective Tax Rate % | 12.37% | 6.37% | 21.92% | 15.88% | 6.09% | 14.79% | 17.79% | 14.84% | 35.11% | -23.13% | 12% | 16.01% | -37.88% | 213.5% | 189.7% | -102.19% | 1.3% | 9.51% | 1.08% | 4.2% |
| Net Income | 16.1M | 21.37M | 17.5M | 25.62M | 15.35M | 3.61M | 12.64M | 11.94M | 7.06M | -1.4M | 4.21M | 2.75M | -3.84M | -663K | 1.76M | -906K | -4.95M | -6.18M | -85.52M | 11.89M |
| Net Margin % | 3.47% | 4.82% | 4.13% | 6.16% | 4.32% | 1.05% | 3.74% | 3.67% | 2.57% | -0.55% | 1.59% | 1.1% | -1.95% | -0.33% | 0.89% | -0.49% | -3.25% | -4.41% | -65.88% | 9.2% |
| Net Income Growth % | 4.85% | 491.64% | 38.37% | 114.61% | 117.4% | 357.63% | 200.33% | 333.87% | 283.81% | -111.46% | 138.8% | 403.75% | 22.34% | 89.26% | 102.06% | -107.62% | -2.59% | 0.5% | - | - |
| Net Income (Continuing) | 16.1M | 29.16M | 27.28M | 38.36M | 22.48M | 6.37M | 21.71M | 22.16M | 16.21M | -3.77M | 13.4M | 9.71M | -9.39M | -2.82M | 1.59M | -1.75M | -16.28M | -8.68M | -116.83M | 11.89M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 224.08M | 217.05M | 208.47M | 197.76M | 197.24M | 226.5M | 229.52M | 220.67M | 278.85M | 311.58M | 338.96M | 134.67M | 120.39M | 122.86M | 118.12M | 114.7M | 108.03M | 119.21M | 114.74M | 0 |
| EPS (Diluted) | 0.13 | 0.17 | 0.14 | 0.20 | 0.13 | 0.03 | 0.11 | 0.12 | 0.08 | -0.02 | 0.07 | 0.05 | -0.07 | -0.01 | 0.03 | -0.02 | -0.10 | -0.12 | -0.23 | 0.25 |
| EPS Growth % | 0% | 443.13% | 27.27% | 66.67% | 53.48% | 268.28% | 57.14% | 140% | 224.93% | -55% | 116.05% | 380.9% | 32.2% | 90% | 114.09% | -107.12% | 0% | 7.69% | - | - |
| EPS (Basic) | 0.13 | 0.17 | 0.14 | 0.20 | 0.13 | 0.03 | 0.11 | 0.12 | 0.08 | -0.02 | 0.07 | 0.05 | -0.07 | -0.01 | 0.03 | -0.02 | -0.10 | -0.12 | -0.25 | 0.25 |
| Diluted Shares Outstanding | 127.38M | 127.44M | 127.38M | 126.83M | 121.51M | 115.25M | 114.25M | 102.36M | 83.41M | 75.36M | 60.21M | 57.43M | 56.66M | 55.29M | 54.42M | 50.93M | 48.06M | 45.87M | 47.23M | 46.77M |
| Basic Shares Outstanding | 127.14M | 127.05M | 126.99M | 126.39M | 120.81M | 114.67M | 113.82M | 101.97M | 83.33M | 75.36M | 59.37M | 56.73M | 56.66M | 55.29M | 53.12M | 50.93M | 48.06M | 45.87M | 44.99M | 46.77M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1728.4% |