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Dutch Bros BROS Q2 2025 earnings

Reported August 6, 2025 · After market close

Revenue$415.8MBeat by $4.0M
EPS$0.26Beat by $0.08
Revenue estimate$411.8M
EPS estimate$0.18

Next report

Aug 5, 2026 (In 1 week)
Revenue estimate$525.3M
EPS estimate$0.29

Financials

Q2 2025

Income statement

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Revenue$415.8M+28.0%
Gross profit$120.0M+33.0%
Operating income$54.7M+69.8%
Net income$25.6M+115%
EPS (diluted)$0.20+66.7%

Balance sheet

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Cash & equivalents$254.4M-2.5%
Total debt$980.9M+7.7%
Total equity$636.2M+24.9%
Total assets$2.8B+18.3%

Cash flow

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Operating cash flow$89.9M+51.0%
CapEx$54.2M-15.9%
Free cash flow$35.7M+827%

Valuation & ratios

Valuation

as of 06/30/25
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Market cap$8.93B+127%
Enterprise value$9.66B+111%
P/E156.1×
P/S6.2×+2.6×

Profitability

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Gross margin26.7%+0.2pp
Operating margin9.2%+1.7pp
Net margin3.9%
FCF margin5%+3.4pp

Returns & leverage

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Return on equity10%
Debt / equity1.5×-0.2×
Current ratio1.6×-0.5×

Segments

By segment

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Franchising and other$35.3M+19.1%

Versus estimates

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Questions, answered.

When did Dutch Bros report Q2 2025 earnings?
Dutch Bros (BROS) reported Q2 2025 earnings on August 6, 2025 after market close.
What were Dutch Bros's Q2 2025 revenue and EPS?
Dutch Bros reported revenue of $415.8M and eps of $0.26 for Q2 2025.
Did Dutch Bros beat estimates in Q2 2025?
Revenue beat the consensus estimate of $411.8M by $4.0M. EPS beat the consensus estimate of $0.18 by $0.08.
How did Dutch Bros's Q2 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 28.0% from $324.9M a year earlier and eps grew 36.8% from $0.19.
Where can I find Dutch Bros's Q2 2025 SEC filings?
You can read the 10-Q periodic report (0001866581-25-000186) directly on SEC EDGAR. The filing index links above go to sec.gov.