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Dutch Bros BROS Franchising — Total revenues

Other product segments

Company-operated shops
$326.42M

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MARFranchise fees — Gross fee revenues
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QSRFranchise fees and other revenue — Revenue from Contract with Customer, Excluding Assessed Tax
$36M+9.1%
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ROLFranchise revenues — Customer services
$3.65M-3.1%

Other financials

Income statement

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Revenue$464.4M+30.8%
Gross profit$107.5M+19.4%
Operating income$34.3M+10.4%
Net income$16.1M+4.8%
EPS (diluted)$0.130.0%

Balance sheet

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Cash & equivalents$263.5M-16.7%
Total debt$1.1B+12.1%
Total equity$696.4M+16.3%
Total assets$3.1B+12.3%

Cash flow

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Operating cash flow$84.7M+130%
CapEx$57.0M+25.1%
Free cash flow$27.7M+420%

Valuation

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Market cap$9.7B-10.3%
Enterprise value$10.58B-7.2%
P/E120.4×-128×
P/S5.6×-2.4×

Profitability

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Gross margin25.3%-1.1pp
Operating margin9.4%+1.2pp
Net margin4.6%+1.4pp
FCF margin5.2%+2.8pp

Returns & leverage

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Return on equity12.4%+3.9pp
Debt / equity1.6×-0.1×
Current ratio1.3×-0.6×

Where this comes from

Reported directly by Dutch Bros in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The official record: Dutch Bros’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Dutch Bros's franchising — total revenues?
Dutch Bros (BROS) reported franchising — total revenues of $33.96M in Q1 2026.
How has Dutch Bros's franchising — total revenues changed year-over-year?
Dutch Bros's franchising — total revenues increased by 25.3% year-over-year, from $27.09M to $33.96M.
What is the long-term trend for Dutch Bros's franchising — total revenues?
Over 4 years (2021 to 2025), Dutch Bros's franchising — total revenues has grown at a 8.7% compound annual growth rate (CAGR), from $87.47M to $122.05M.
What does franchising — total revenues mean?
The total amount of money earned from franchise-related fees and royalties.
How do you interpret franchising — total revenues?
An increase indicates successful expansion of the franchise network or higher sales performance across existing franchised locations, while a decrease may signal market saturation or reduced franchisee demand.
How does franchising — total revenues compare across companies?
Comparable to franchise revenue reported by other quick-service restaurant chains and multi-unit retail franchisors.