Dutch Bros Inc.

BROS · NYSE · ·

Compare

$34.99-0.9%Nov 11 close

Figures through September 30, 2026, from the 10-Q filed November 5, 2026

1W: +3.6%
1M: -7.9%

Dutch Bros Inc. (BROS) stock — is it a good business? — InspectStocks

Dutch Bros Inc.

BROS · NYSE · ·

Compare

$34.99-0.9%Nov 11 close

Figures through September 30, 2026, from the 10-Q filed November 5, 2026

1W: +3.6%
1M: -7.9%

Just reported

Q3 2026 results

From Dutch Bros's results release of November 4, 2026; its quarterly report has since been filed.

Revenue
Actual
$549.8M
+30% y/y
-0.2% q/q
Guided
—
No guide given
EPS, GAAP
Actual
$0.20
+43% y/y
-29% q/q
Guided
—
No guide given
Operating income, GAAP
Actual
$52.8M
+27% y/y
-25% q/q
Guided
—
No guide given

Set against the company's own guidance and the same quarter a year earlier, not analysts' estimates, which we do not hold. Adjusted figures are the company's own non-GAAP measures, as stated in the release.

How it makes money

Sales at company-operated shops93%
Franchising and other8%

Shares of revenue are estimates for six months ended June 30, 2026, not figures from a filing.

Competes with

What it sells6

Specialty coffee beverages
Customizable coffee drinks, including espresso drinks and cold brew.
Dutch Bros Rebel
The company’s energy drink, served with custom flavors and other additions.
Myst Energy Refresher
An energy-based refresher drink.

Show 3 more

Tea, lemonade and soda
Caffeinated and caffeine-free drinks served at its shops.
Smoothies
Blended fruit-based drinks.
Food
A selection of food sold alongside drinks.

Who buys it2

Individuals buying drinks and food at company-operated shops, through drive-through or walk-up windows, or by ordering ahead in the app.
Franchise partners, who pay royalties and marketing fees and buy products for their shops.

What it stands on, and what could break it

What the business leans on

1Coffee supply depends on third-party importers and exporters and coffee beans sourced from Central and South America.
2Shop operations depend on enough trained employees; wage increases can raise operating costs.
3Franchise revenue and the customer experience at franchise shops depend partly on franchise partners’ operations.
4Shops are concentrated in the Western United States, exposing the business to conditions that affect that region.

What could go wrong

1Changes in customer tastes or discretionary spending, and competition from coffee chains, local shops, drive-through beverage chains and convenience stores, could reduce sales.
2Interruptions or higher costs for coffee, dairy, syrups, packaging or other supplies could affect the ability to serve drinks and the cost of doing so.
3Expansion depends on staffing shops and running new locations successfully; labor shortages and wage increases can raise costs, and new shops may not become profitable.

Full financial statements →

About Dutch Bros Inc.

Dutch Bros runs its own beverage shops and licenses franchise partners to run others. Its shops make customized coffee drinks, energy drinks, teas, lemonades and other beverages, with some food options. Customers can order at a shop window or ahead through the Dutch Rewards app.

Head office: Tempe, Arizona
Founded: 1992
Employees: Approximately 23,000 (December 31, 2025, medium)
Listed on: New York Stock Exchange
Financial year ends: December 31

Built from Dutch Bros Inc.’s own filings with the U.S. Securities and Exchange Commission (SEC). Figures are as reported, with per-share history restated onto today’s share basis. This describes a business — it is not investment advice and not a recommendation to buy or sell anything.

Just reported

Q3 2026 results

From Dutch Bros's results release of November 4, 2026; its quarterly report has since been filed.

Revenue
Actual
$549.8M
+30% y/y
-0.2% q/q
Guided
—
No guide given
EPS, GAAP
Actual
$0.20
+43% y/y
-29% q/q
Guided
—
No guide given
Operating income, GAAP
Actual
$52.8M
+27% y/y
-25% q/q
Guided
—
No guide given

Keep exploring

The themes Dutch Bros is part of, the highest-graded companies in its industry, and the companies in its sector whose grade rose recently.

The theme it is part of

Highest-graded in Restaurants

Graded A or B and worth $2B or more: A first, then the largest.

All 51 graded companies in its industry

Grade rose recently in Consumer Discretionary

Rose to A or B on a filing in the last 90 days, worth $2B or more: largest first.

All grade rises