Dutch Bros (BROS) Operating Expenses (2020 - 2026)
Dutch Bros' (BROS) quarterly Operating Expenses came in at $480.4 million in Q2 2026, up 33.03% on a YoY basis from $361.2 million in Q2 2025, and up 11.7% quarter-over-quarter from $430.1 million in Q1 2026.
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Analysis
Dutch Bros (BROS) Operating Expenses (2020 - 2026) Analysis & Trends
Dutch Bros (BROS) has reported Operating Expenses for 7 consecutive years, with $480.4 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Expenses rose 33.03% year-over-year to $480.4 million; the trailing twelve-month figure through Jun 2026 stood at $1.7 billion (up 29.16% YoY), and the FY2025 full-year result was $1.5 billion, up 25.71% from the prior year.
- Operating Expenses advanced to $480.4 million in Q2 2026 per BROS's latest filing, from $430.1 million in the prior quarter.
- Across five years, Operating Expenses topped out at $480.4 million in Q2 2026 and bottomed at $166.4 million in Q1 2022.
- Historically, Operating Expenses has averaged $290.2 million across 5 years, with a median of $272.3 million in 2023.
- The widest YoY moves for Operating Expenses: up 62.33% in 2022, down 20.86% in 2022.
- Over 5 years, 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 advanced by 17.28% to $480.4 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $480.4 million, $430.1 million, and $409.7 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Mcdonalds | 168.67 Bn | 167.85 Bn | 6.42 Bn | 3.76 Bn |
| 2 | Starbucks | 107.32 Bn | 103.72 Bn | 6.49 Bn | 8.42 Bn |
| 3 | Chipotle Mexican Grill | 41.40 Bn | 40.73 Bn | 2.35 Bn | 2.82 Bn |
| 4 | Yum Brands | 38.39 Bn | 37.72 Bn | 1.47 Bn | 1.51 Bn |
| 5 | Restaurant Brands International | 25.02 Bn | 25.51 Bn | 1.89 Bn | 1.80 Bn |
| 6 | Darden Restaurants | 24.39 Bn | 24.17 Bn | 3.68 Bn | 3.20 Bn |
| 7 | Restaurant Brands International Limited Partnership | 17.01 Bn | 15.95 Bn | 1.89 Bn | 1.80 Bn |
| 8 | Yum China Holdings | 14.09 Bn | 13.41 Bn | 2.22 Bn | 2.79 Bn |
| 9 | Texas Roadhouse | 10.81 Bn | 10.63 Bn | 1.44 Bn | 1.54 Bn |
| 10 | Dutch Bros | 6.71 Bn | 6.62 Bn | 151.06 Mn | 480.45 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 480.45 Mn |
| 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 |
API Access
Dutch Bros Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=BROS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "BROS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=BROS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();