NYSE$BROS
Dutch Bros Inc. · Q2 2025 earnings
Q2 2025 earnings · · After market close · Investor relations
Briefing
Dutch Bros Inc. reported Q2 2025 revenue of $415.8 million with net income of $38.4 million.
Dutch Bros achieved 28% year-over-year revenue growth in Q2 2025, driven by 113 net new shops and 6.1% systemwide same-shop sales growth. Company-operated shops contributed $380.5 million in revenue while franchising added $35.3 million. Operating income reached $54.7 million, reflecting improved shop-level margins and operating leverage.
- Total revenue grew 28% to $415.8 million year-over-year, with company-operated shops up 29%.
- Systemwide same-shop sales rose 6.1%, with transactions up 3.7% and ticket up 2.4%.
- Ended the quarter with 1,043 shops (725 company-operated, 318 franchised).
- Net income increased 73% to $38.4 million and diluted EPS was $0.20.
Headline financials
Revenue & EPS history
Dutch Bros · Revenue · Quarterly
$416M
Revenue by segment
Dutch Bros · $416M total across 2 segments · Q2 2025
- Company-operated shops$381M—91.5%
- Franchising and other$35.3M—8.5%
Forward guidance
The company continues to focus on shop expansion and operational improvements amid macroeconomic pressures.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 18 quarterly earnings reports
+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
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2025 | — | — | — | |
| 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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