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Dutch Bros BROS Q2 2026 earnings

Reported August 5, 2026 · After market close

Revenue$550.9MBeat by $25.5M
EPS$0.33Beat by $0.04
Revenue estimate$525.4M
EPS estimate$0.29
“Our second quarter performance reflects the strength of the Dutch Bros brand, powered by our differentiated people-led culture and our compelling value proposition that continues to resonate with customers. The success of our strategy was evident in the second quarter as we delivered our thirteenth consecutive quarter of positive same shop sales growth and our eighth consecutive quarter of same shop transaction growth. We also maintained exceptionally strong development momentum, while AUVs climbed to record levels. This performance is the result of years of foundational investments across the business, giving us tremendous confidence in our ability to continue growing Dutch Bros for the long-term.”
Christine Barone

Next report

Nov 4, 2026 (in 2 months)
Revenue estimate$548.8M
EPS estimate$0.23

Financials

Q2 2026

Income statement

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Revenue$550.9M+32.5%
Gross profit$151.1M+25.8%
Operating income$70.4M+28.8%
Net income$37.4M+46.0%
EPS (diluted)$0.28+40.0%

Balance sheet

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Cash & equivalents$268.6M+5.6%
Total debt$1.2B+21.4%
Total equity$797.7M+25.4%
Total assets$3.4B+20.1%

Cash flow

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Operating cash flow$112.2M+24.8%
CapEx$72.3M+33.3%
Free cash flow$39.9M+11.9%

Valuation & ratios

Valuation

as of 09/17/26
See full
Market cap$5.71B-22.4%
Enterprise value$6.63B-18.0%
P/E61.8×-66.8×
P/S3×-2.0×

Profitability

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Gross margin25.1%-1.6pp
Operating margin9.6%+0.3pp
Net margin4.9%+1.0pp
FCF margin5%0.0pp

Returns & leverage

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Return on equity12.9%+2.9pp
Debt / equity1.5×0.0×
Current ratio1.4×-0.3×

Segments

By segment

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Company-operated shops$510.0M+34.0%
Franchising and other$40.8M+15.6%

FAQ

When did Dutch Bros report Q2 2026 earnings?
Dutch Bros (BROS) reported Q2 2026 earnings on August 5, 2026 after market close.
What were Dutch Bros's Q2 2026 revenue and EPS?
Dutch Bros reported revenue of $550.9M and eps of $0.33 for Q2 2026.
Did Dutch Bros beat estimates in Q2 2026?
Revenue beat the consensus estimate of $525.4M by $25.5M. EPS beat the consensus estimate of $0.29 by $0.04.
How did Dutch Bros's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 32.5% from $415.8M a year earlier and eps grew 26.9% from $0.26.
Where can I find Dutch Bros's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001866581-26-000131) and the 10-Q periodic report (0001866581-26-000133) directly on SEC EDGAR. The filing index links above go to sec.gov.