NYSE$BROS

Dutch Bros Inc. · Q1 2026 earnings

Q1 2026 earnings · · After market close · Investor relations

Briefing

Dutch Bros reported Q1 2026 revenue of $464.4M with net income of $23.7M and Class A diluted EPS of $0.13.

Total revenues grew 31% to $464.4 million on company-operated shop growth. Net income was $23.7 million; net income attributable to Dutch Bros Inc. was $16.1 million, or $0.13 per diluted share, compared with $15.4 million and $0.13 per share a year ago.

  • Revenue $464.4M (+31% YoY).
  • Income from operations $34.3M.
  • Net income attributable to Dutch Bros $16.1M.
  • Company-operated shops $429.1M of revenue.

Headline financials

Total Revenue

$464M

Previous: $355M+30.8%
EPS (adj)

$0.13

Previous: $0.05+160.0%
Capital Expenditures

-$57M

Previous: -$45.6M-25.1%
Net Income

$16.1M

Previous: $22.5M-28.4%
Operating Income

$34.3M

Previous: $31.1M+10.4%

Revenue & EPS history

Dutch Bros · Revenue · Quarterly

$464M

Q1 2026+30.8%vs Q1 2025
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Revenue by segment

Dutch Bros · $265M total across 2 segments · Q3 2023

  • Company-operated shops
    $236M+36.3%
  • Franchising and other
    $28M+11.5%

Forward guidance

MD&A discusses new shop openings, same-shop sales, and beverage innovation pipeline.

Tailwinds

  • Strong unit growth drove revenue.
  • Operating margin stable despite wage inflation.

Headwinds

  • Interest expense on growth capex.
  • Weather and labor availability in drive-through model.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 18 quarterly earnings reports · overlaid with Q1 2026

Historical avgQ1 2026

+1.6%

Avg return

Earnings day

+3.5%

Avg return

5 days after

+3.0%

Avg return

30 days after

61%

11 / 18 earnings

Positive

+33.1%

Q3 2024

Best reaction

-38.5%

Q1 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-9.2%-14.2%-6.0%
Q4 2025+4.7%+5.1%-6.9%
Q3 2025-4.2%+0.8%+5.2%
Q1 2025+8.9%+18.6%+23.4%
Q4 2024+29.1%+31.9%-3.4%
Q3 2024+33.1%+44.0%+64.0%
Q2 2024-19.9%-22.8%-15.6%
Q1 2024+12.1%+27.1%+36.2%
Q4 2023+1.0%+6.2%+23.7%
Q3 2023+1.1%+3.5%+3.6%
Q2 2023+18.2%+19.4%-4.0%
Q1 2023-11.5%-19.4%-6.3%
Q4 2022-8.9%-12.1%-23.3%
Q3 2022+10.7%+2.3%+0.2%
Q2 2022+8.9%+10.9%-12.9%
Q1 2022-38.5%-37.5%-15.7%
Q4 2021-8.3%+2.4%+14.6%
Q3 2021+2.2%-3.1%-22.1%
Q2 2021
Q1 2021
Q4 2020
Q3 2020
Q2 2020
Q1 2020

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