Dutch Bros Inc. (BROS) Form 10-Q — Nov 4, 2026
Dutch Bros reported a strong Q3 2026 in its 10-Q, with revenue up 31.0% year over year to $549.8 million and net income of $37.2 million ($0.20 diluted EPS vs $0.14 a year ago). Adjusted EBITDA rose to $101.1 million at an 18.4% margin. Growth was driven by 17.8% unit expansion to 1,273 shops across 27 states, including 42 new company-operated openings and a $63.5 million buyback of 32 franchised Arizona locations, plus a $19.8 million Clutch Coffee asset acquisition. Systemwide same shop sales grew 4.4%.
Key figures
- Eps
- 0.2
- Revenue
- 549839000
- Net Income
- 37228000
- Revenue Yoy
- 31.0% (Q3 2026 vs Q3 2025)
- Total Assets
- 3511053000
- Cash Position
- 194606000
- Shop growth yoy
- 17.8%
- System shop count
- 1273
- Adjusted ebitda q3
- $101.1 million (18.4% of revenue)
- Nine month revenue
- $1,565.1 million
- Same shop sales q3
- 4.4% systemwide / 5.4% company-operated
- Systemwide sales q3
- $702.2 million
- Nine month net income
- $112.5 million
- Nine month diluted eps
- $0.60
- Operating cash flow 9m
- $297.0 million
- Franchise buyback price
- $63.5 million (32 Arizona locations)
- Clutch coffee acquisition
- $19.8 million (22 locations)
- Tax receivable agreement liability
- $973.8 million
AI analysis
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