Dutch Bros (BROS) Gross Margin (2020 - 2026)

Dutch Bros has reported Gross Margin for 7 years, with the latest figure at 23.14% in Q1 2026.

• For the quarter ending Q1 2026, Gross Margin fell 220.0% year-over-year to 23.14%; the trailing twelve-month figure through Mar 2026 stood at 25.26% (down 106.0% YoY), and the FY2025 full-year result was 25.88%, down 67.0% from the prior year.
• Gross Margin for Q1 2026 stood at 23.14%, down from 24.15% in the prior quarter.
• The five-year high for Gross Margin was 28.87% in Q2 2025, with the low at 20.37% in Q1 2022.
• Historically, Gross Margin has averaged 25.48% across 5 years, with a median of 25.45% in 2022.
• Annual changes were most pronounced in 2022 — Gross Margin tumbled 1280 bps — and 2023, when it soared 436 bps.
• Dutch Bros' Gross Margin stood at 26.93% in 2022, then fell by 14 bps to 23.27% in 2023, then grew by 10 bps to 25.66% in 2024, then fell by 6 bps to 24.15% in 2025, then slipped by 4 bps to 23.14% in 2026.
• The last three Gross Margin figures came in at 23.14% (Q1 2026), 24.15% (Q4 2025), and 25.21% (Q3 2025), per Business Quant data.