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Dutch Bros BROS Pre-opening costs — Cost of Sales

Other product segments

Beverage, food & packaging
$112.32M+38.0%
Labor costs
$112.31M+25.6%
Occupancy & other costs
$76.79M+42.4%

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CAVAPre-opening costs
$6.16M+37.5%
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DRIOther Business — Pre-opening costs
$1.3M-13.3%
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DRIOlive Garden — Pre-opening costs
$2.7M+200%
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ULTAReportable Segment Aggregation Before Other Operating — Pre Opening Costs
$4.67M+155%
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DRILongHorn Steakhouse — Pre-opening costs
$3M+30.4%
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MGMPreopening and start-up expenses
-$977K-1,049%

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:CostOfGoodsAndServicesSold.

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 pre-opening costs — cost of sales?
Dutch Bros (BROS) reported pre-opening costs — cost of sales of $6.34M in Q1 2026.
How has Dutch Bros's pre-opening costs — cost of sales changed year-over-year?
Dutch Bros's pre-opening costs — cost of sales increased by 13.0% year-over-year, from $5.61M to $6.34M.
What is the long-term trend for Dutch Bros's pre-opening costs — cost of sales?
Over 3 years (2022 to 2025), Dutch Bros's pre-opening costs — cost of sales has grown at a 12.1% compound annual growth rate (CAGR), from $17.99M to $25.36M.
What does pre-opening costs — cost of sales mean?
The total expenses incurred to prepare a new store location for its grand opening.
How do you interpret pre-opening costs — cost of sales?
An increase may signal an aggressive expansion strategy or rising labor and training costs, while a decrease could indicate improved operational efficiency in site launches or a slowdown in new store openings.
How does pre-opening costs — cost of sales compare across companies?
Comparable to 'Pre-opening expenses' or 'Store opening costs' reported by other high-growth restaurant and retail chains that utilize a mix of company-operated and franchised models.