Dutch Bros Inc revenue jumps 27.9% to US$1.64B in 2025 

USA – Dutch Bros Inc. has reported a strong financial performance for the year ended December 31, 2025, posting a 27.9% increase in revenue to US$1.64 billion, up from US$1.28 billion recorded in 2024. 

The US-based drive-thru coffee chain also delivered significant earnings growth, with net income rising 76.4% to US$117.3 million, compared to US$66.5 million in the prior year.  

The performance was supported by a 5.6% increase in systemwide same shop sales and continued expansion across multiple states. 

Dutch Bros said the fourth quarter of 2025 was particularly strong, with the opening of 55 new shops across 17 states. Total Q4 revenues increased 29.4% to US$443.6 million, compared to US$342.8 million in the same quarter of 2024. 

“The results of our fourth quarter and full year 2025 show that five years into our journey as a public company, Dutch Bros not only delivered a record-breaking year, but reinforced our well-defined path of sustainable, profitable growth,” said Christine Barone, Chief Executive Officer and President of Dutch Bros. 

“This continued growth is a powerful testament to our culture, proving that the playbook of authentic human connection, industry-leading innovation, and incredible depth in field leadership is the ultimate engine for scaling this business,” Barone added.  

“We believe we have the right energy and the right strategy to continue winning market share for years to come.” 

Adjusted EBITDA, a non-GAAP financial measure, increased 31.4% to US$302.6 million, compared to US$230.3 million in 2024.  

Systemwide same shop transactions rose 3.2% year-on-year, while company-operated same shop sales and transactions increased 7.4% and 5.4%, respectively. 

Chief Financial Officer Josh Guenser said the company remains confident in its long-term expansion strategy.  

“Our confidence in delivering our goal of 2,029 shops in 2029 has never been higher, as we expanded our footprint into seven contiguous states while delivering record AUVs of US$2.1 million in 2025,” Guenser said. 

Dutch Bros plans to open approximately 181 new stores in 2026 as it works toward its 2,029-store target by 2029. The company currently operates about 1,136 locations across 25 states, more than doubling its footprint from roughly 470 stores in 11 states in mid-2021. 

Beyond store expansion, Barone said the company plans to accelerate same-store growth and customer acquisition by expanding its food offering.  

The food program, which began with four shops in Phoenix, has since rolled out to 300 locations in 11 states and is expected to reach all stores nationwide by the end of 2026. 

Looking ahead, Dutch Bros forecast total revenues of between approximately US$2.0 billion and US$2.03 billion for 2026. 

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