Dutch Bros (BROS) Operating Expenses (2020 - 2026)
Dutch Bros (BROS) posted Operating Expenses of $430.1 million for Q1 2026, up 4.99% on a QoQ basis from $409.7 million in Q4 2025, and up 32.72% year-over-year from $324.1 million in Q1 2025.
Dutch Bros (BROS) Operating Expenses (2020 - 2026) Analysis & Trends
Dutch Bros' Operating Expenses history runs 7 years deep, the most recent figure standing at $430.1 million for Q1 2026.
- Quarterly Operating Expenses rose 32.72% year-over-year to $430.1 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $1.6 billion (up 26.69% YoY) and the FY2025 annual result came in at $1.5 billion, up 25.71% from the prior year.
- Operating Expenses was $430.1 million for Q1 2026 at Dutch Bros, up from $409.7 million in the prior quarter.
- Across five years, Operating Expenses topped out at $430.1 million in Q1 2026 and bottomed at $166.4 million in Q1 2022.
- A 5-year average of $279.0 million and a median of $251.9 million in 2023 frame the typical range for Operating Expenses.
- Peak annual rise in Operating Expenses reached 62.33% in 2022, while the deepest fall reached 20.86% in 2022.
- Dutch Bros' Operating Expenses stood at $198.1 million in 2022, then climbed by 27.21% to $251.9 million in 2023, then climbed by 29.79% to $327.0 million in 2024, then rose by 25.27% to $409.7 million in 2025, then rose by 4.99% to $430.1 million in 2026.
- Business Quant data shows BROS's Operating Expenses at $430.1 million in Q1 2026, $409.7 million in Q4 2025, and $382.1 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Starbucks | 118.28 Bn | 116.58 Bn | 6.32 Bn | 8.75 Bn |
| 2 | Yum Brands | 41.26 Bn | 40.58 Bn | 1.38 Bn | 1.42 Bn |
| 3 | Chipotle Mexican Grill | 41.21 Bn | 40.34 Bn | 2.61 Bn | 2.69 Bn |
| 4 | Restaurant Brands International | 25.26 Bn | 24.25 Bn | 2.14 Bn | 1.66 Bn |
| 5 | Darden Restaurants | 22.64 Bn | 22.40 Bn | 3.31 Bn | 2.94 Bn |
| 6 | Yum China Holdings | 15.35 Bn | 13.92 Bn | 2.31 Bn | 2.82 Bn |
| 7 | Texas Roadhouse | 12.76 Bn | 12.54 Bn | 1.40 Bn | 1.49 Bn |
| 8 | Dominos Pizza | 11.11 Bn | 10.98 Bn | 478.23 Mn | 115.37 Mn |
| 9 | Dutch Bros | 8.18 Bn | 7.92 Bn | 107.48 Mn | 430.11 Mn |
| 10 | Brinker International | 8.13 Bn | 8.07 Bn | 1.10 Bn | 1.30 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 430.11 Mn |
| Dec 31, 2025 | 409.65 Mn |
| Sep 30, 2025 | 382.09 Mn |
| Jun 30, 2025 | 361.15 Mn |
| Mar 31, 2025 | 324.08 Mn |
| Dec 31, 2024 | 327.01 Mn |
| Sep 30, 2024 | 305.70 Mn |
| Jun 30, 2024 | 292.73 Mn |
| Mar 31, 2024 | 249.52 Mn |
| Dec 31, 2023 | 251.94 Mn |
| Sep 30, 2023 | 239.81 Mn |
| Jun 30, 2023 | 230.30 Mn |
| Mar 31, 2023 | 197.50 Mn |
| Dec 31, 2022 | 198.06 Mn |
| Sep 30, 2022 | 193.47 Mn |
| Jun 30, 2022 | 183.71 Mn |
| Mar 31, 2022 | 166.38 Mn |
| Dec 31, 2021 | 147.17 Mn |
| Sep 30, 2021 | 244.48 Mn |
| Jun 30, 2021 | 114.96 Mn |