Dutch Bros Inc.
For the period ended Sep 30, 2025. Filed Nov 6, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 6, 2025
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Item 2. Results of Operations
Results of Operations
As of September 30, 2025, we had 1,081 systemwide shops in 24 states, an increase of approximately 13.8% from the same period in the prior year. For the three months ended September 30, 2025, we generated $423.6 million of revenue, $27.3 million of net income, and $0.14 of income per diluted share. We have two reportable operating segments: Company-operated shops and Franchising and other.
1 Reconciliation of GAAP to non-GAAP results is provided in the section “Non-GAAP Financial Measures” in Part I, Item 2 “Management’s Discussion and Analysis of Financial Condition and Results of Operations”.
| Increase in total shops | 13.8% |
|---|---|
| Increase in total quarter-to-date revenue | 25.2% |
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