Dutch Bros Inc.
For the period ended Dec 31, 2025. Filed Feb 13, 2026.
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FY2025 · Filed Feb 13, 2026
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Item 7. Results of Operations
Results of Operations
As of December 31, 2025, we had 1,136 systemwide shops in 25 states, an increase of approximately 15.7% from the same period in the prior year. For the year ended December 31, 2025, we generated $1.6 billion of revenue, $117.3 million of net income, and $0.64 of income per diluted share. We have two reportable operating segments: Company-operated shops and Franchising and other.
| 2025 vs 2024 | 2024 vs 2023 | |
|---|---|---|
| Increase in total shops | 15.7% | 18.2% |
| Increase in total revenue | 27.9% | 32.6% |
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