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Dutch Bros BROS Beverage, food & packaging — Cost of Sales

Other product segments

Labor costs
$129.46M+27.8%
Occupancy & other costs
$83.09M+38.5%
Pre-opening costs
$8.41M+85.1%

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Other financials

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

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Market cap$9.01B+22.8%
Enterprise value$9.93B+23.2%
P/E97.5×-30.6×
P/S4.8×-0.3×

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×

Where this comes from

Reported directly by Dutch Bros in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSold.

The source filing: Dutch Bros’s 10-Q, filed August 6, 2026.

Filed
Aug 5, 2026, 8:00 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001866581-26-000133
(in thousands)Three Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Total revenues550,851415,8131,015,263770,965
Cost of sales
Company-operated shops
Beverage, food & packaging133,10896,468245,430177,847
Labor costs129,460101,270241,765190,709
Occupancy & other costs83,08559,984159,870113,911
Pre-opening costs8,4084,54214,74910,153
Franchising and other11,9096,42924,26715,204

Item 1. Financial Statements (Unaudited)

FAQ

What is Dutch Bros's beverage, food & packaging — cost of sales?
Dutch Bros (BROS) reported beverage, food & packaging — cost of sales of $133.11M in Q2 2026.
How has Dutch Bros's beverage, food & packaging — cost of sales changed year-over-year?
Dutch Bros's beverage, food & packaging — cost of sales increased by 38.0% year-over-year, from $96.47M to $133.11M.
What is the long-term trend for Dutch Bros's beverage, food & packaging — cost of sales?
Over 3 years (2022 to 2025), Dutch Bros's beverage, food & packaging — cost of sales has grown at a 31.4% compound annual growth rate (CAGR), from $171.86M to $390.33M.
What does beverage, food & packaging — cost of sales mean?
This metric represents the direct costs associated with the raw materials, ingredients, and packaging supplies required to produce and serve the company's beverage and food offerings. It captures the variable expenses tied directly to the volume of products sold, including coffee beans, dairy, proprietary energy drink bases, and disposable service items. Monitoring this figure provides insight into the company's ability to manage commodity price fluctuations and supply chain efficiency at the shop level.

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