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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:SellingGeneralAndAdministrativeExpense.

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, except per share amounts; unaudited)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
Costs and Expenses
Cost of sales399,795295,769756,731560,928
Selling, general and administrative80,65165,385153,827124,306
Total costs and expenses480,446361,154910,558685,234
Income from operations70,40554,659104,70585,731
Other expense
Interest expense, net(7,038)(7,076)(14,258)(14,191)

Item 1. Financial Statements (Unaudited)

FAQ

What is Dutch Bros's SG&A?
Dutch Bros (BROS) reported SG&A of $80.65M in Q2 2026.
How has Dutch Bros's SG&A changed year-over-year?
Dutch Bros's SG&A increased by 23.3% year-over-year, from $65.39M to $80.65M.
What is the long-term trend for Dutch Bros's SG&A?
Over 4 years (2021 to 2025), Dutch Bros's SG&A has grown at a -0.2% compound annual growth rate (CAGR), from $264.53M to $262.77M.
What does SG&A mean?
Combined selling expenses (sales force, marketing, distribution) and general & administrative costs (management, legal, accounting, facilities) — the broadest opex category.

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