Dutch Bros (BROS) Operating Expenses (2020 - 2026)
Dutch Bros (BROS) reported Operating Expenses of $430.1 million for Q1 2026, up 32.72% on a YoY basis from $324.1 million in Q1 2025, and up 4.99% quarter-over-quarter from $409.7 million in Q4 2025.
Dutch Bros (BROS) Operating Expenses (2020 - 2026) Analysis & Trends
Dutch Bros has reported Operating Expenses for 7 years, with the latest figure 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.
- The five-year high for Operating Expenses was $430.1 million in Q1 2026, with the low at $166.4 million in Q1 2022.
- Historically, Operating Expenses has averaged $279.0 million across 5 years, with a median of $251.9 million in 2023.
- The largest YoY upside for Operating Expenses was 62.33% in 2022 against a maximum downside of 20.86% in 2022.
- Dutch Bros' Operating Expenses stood at $198.1 million in 2022, then gained by 27.21% to $251.9 million in 2023, then gained by 29.79% to $327.0 million in 2024, then grew by 25.27% to $409.7 million in 2025, then grew 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 | 114.58 Bn | 112.88 Bn | 9.40 Bn | 8.75 Bn |
| 2 | Chipotle Mexican Grill | 42.15 Bn | 41.28 Bn | 2.61 Bn | 2.69 Bn |
| 3 | Yum Brands | 42.13 Bn | 41.44 Bn | 1.38 Bn | 1.42 Bn |
| 4 | Restaurant Brands International | 25.46 Bn | 25.99 Bn | 2.14 Bn | 1.66 Bn |
| 5 | Darden Restaurants | 24.75 Bn | 24.51 Bn | 3.31 Bn | 2.94 Bn |
| 6 | Yum China Holdings | 15.17 Bn | 13.74 Bn | 3.24 Bn | 2.82 Bn |
| 7 | Texas Roadhouse | 11.72 Bn | 11.53 Bn | 1.40 Bn | 1.49 Bn |
| 8 | Dominos Pizza | 10.51 Bn | 10.28 Bn | 464.51 Mn | 111.41 Mn |
| 9 | Cava | 10.34 Bn | 9.94 Bn | 797.57 Mn | 272.18 Mn |
| 10 | Dutch Bros | 8.99 Bn | 8.95 Bn | 107.48 Mn | 430.11 Mn |
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 |