Growth Metrics

Dutch Bros (BROS) Operating Expenses (2020 - 2026)

Dutch Bros posted quarterly Operating Expenses of $430.1 million for Q1 2026, up 32.72% year-on-year from $324.1 million in Q1 2025, and up 4.99% on a QoQ basis from $409.7 million in Q4 2025.

Dutch Bros (BROS) has 7 years of Operating Expenses data on file, last reported at $430.1 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses rose 32.72% year-over-year to $430.1 million; the trailing twelve-month figure through Mar 2026 stood at $1.6 billion (up 26.69% YoY), and the FY2025 full-year result was $1.5 billion, up 25.71% from the prior year.
  • Operating Expenses for Q1 2026 stood at $430.1 million, 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.
  • The 5-year median for Operating Expenses is $251.9 million (2023), against an average of $279.0 million.
  • Peak annual rise in Operating Expenses reached 62.33% in 2022, while the deepest fall reached 20.86% in 2022.
  • A 5-year view of Operating Expenses shows it stood at $198.1 million in 2022, then advanced by 27.21% to $251.9 million in 2023, then advanced by 29.79% to $327.0 million in 2024, then increased by 25.27% to $409.7 million in 2025, then increased by 4.99% to $430.1 million in 2026.
  • The last three Operating Expenses figures came in at $430.1 million (Q1 2026), $409.7 million (Q4 2025), and $382.1 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Starbucks 110.27 Bn 108.58 Bn 9.40 Bn 8.75 Bn
2 Yum Brands 40.90 Bn 40.21 Bn 1.38 Bn 1.42 Bn
3 Chipotle Mexican Grill 39.62 Bn 38.75 Bn 2.61 Bn 2.69 Bn
4 Restaurant Brands International 25.25 Bn 25.79 Bn 2.14 Bn 1.66 Bn
5 Darden Restaurants 23.41 Bn 23.17 Bn 3.31 Bn 2.94 Bn
6 Yum China Holdings 15.07 Bn 13.64 Bn 3.24 Bn 2.82 Bn
7 Texas Roadhouse 11.59 Bn 11.39 Bn 1.40 Bn 1.49 Bn
8 Dominos Pizza 10.51 Bn 10.27 Bn 464.51 Mn 111.41 Mn
9 Cava 8.67 Bn 8.28 Bn 797.57 Mn 272.18 Mn
10 Dutch Bros 7.47 Bn 7.43 Bn 107.48 Mn 430.11 Mn

Historic Data

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DateValue
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
Mar 31, 2021 102.49 Mn
Dec 31, 2020 94.49 Mn
Sep 30, 2020 78.70 Mn