| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 464.41 | 30.8% |
| Total Income | 464.41 | 30.8% |
| Expenditure | 430.11 | 32.7% |
| PBT | — | |
| Net Profit | 16.10 | 4.9% |
| OPM | 7.39% | 1.36pp |
| NPM | 3.47% | 0.86pp |
| EPS | 0.13 | 0.0% |
Dutch Bros Inc. Reports Q1 2026 Revenue Growth of 31% YOY
07 May 2026 · 7 May, 1:44 am
Summary
Dutch Bros Inc. reported strong financial results for the first quarter ended March 31, 2026, with a 30.8% increase in total revenues to $464.4 million. Systemwide same shop sales increased by 8.3%, driven by a 5.1% increase in transactions. Net income was $23.7 million, and adjusted EBITDA grew by 26.2% to $79.4 million. Based on the strong Q1 performance, the company is raising its full-year guidance across the board.
Key Highlights
- 1
Dutch Bros Inc. reported a 30.8% increase in total revenues, reaching $464.4 million compared to $355.2 million in the same period of 2025.
- 2
Systemwide same shop sales increased by 8.3%, with systemwide same shop transactions increasing by 5.1% relative to Q1 2025.
- 3
Company-operated same shop sales increased by 10.6%, and company-operated same shop transactions increased by 6.9% relative to the same period in 2025.
- 4
Net income for Dutch Bros was $23.7 million, compared to $22.5 million in the same period of 2025.
- 5
Adjusted EBITDA grew by 26.2% to $79.4 million, compared to $62.9 million in the same period of 2025.
- 6
The company opened 41 new shops in Q1 2026, with 33 being company-operated.
- 7
Dutch Bros raises its full-year 2026 guidance for total revenues, system same shop sales growth, adjusted EBITDA, and total system shop openings.
Management Comments
Christine Barone
Our first quarter results reinforce that Dutch Bros continues to operate in a category of its own. Our foundation is built for long-term scale, anchored by our people-led culture, meaningful customer connection, and industry-leading innovation. I am incredibly proud of the execution from our teams, and the results they have driven. We delivered exceptionally strong results this quarter, highlighted by 31% revenue growth and an outstanding 8.3% increase in system same shop sales, driven by our seventh consecutive quarter of transaction growth. We’re seeing this strength in existing and new markets, throughout dayparts and customer segments. Our teams continue to bring the electric energy, kindness, and connection that define the Dutch Bros experience and earn unrivaled customer engagement.
Joshua Guenser
Based on the strong performance throughout the first quarter and the performance we have seen into the second quarter, we are raising our full-year guidance across the board. The trajectory of Dutch Bros remains incredibly strong.”
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