Dutch Bros (BROS) Operating Expenses (2020 - 2026)
Dutch Bros' (BROS) quarterly Operating Expenses came in at $430.1 million in Q1 2026, up 32.72% YoY 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) Operating Expenses (2020 - 2026) Analysis & Trends
Dutch Bros (BROS) has 7 years of Operating Expenses data on file, last reported at $430.1 million in 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 advanced to $430.1 million in Q1 2026, from $409.7 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $430.1 million in Q1 2026 to a low of $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.
- The widest YoY moves for Operating Expenses: up 62.33% in 2022, down 20.86% in 2022.
- Tracing BROS's Operating Expenses over 5 years: 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 | Mcdonalds | 193.05 Bn | 192.23 Bn | 6.42 Bn | 3.76 Bn |
| 2 | Starbucks | 122.77 Bn | 119.16 Bn | 6.49 Bn | 8.42 Bn |
| 3 | Chipotle Mexican Grill | 42.40 Bn | 41.73 Bn | 2.35 Bn | 2.82 Bn |
| 4 | Yum Brands | 40.42 Bn | 39.75 Bn | 1.47 Bn | 1.51 Bn |
| 5 | Restaurant Brands International | 27.11 Bn | 27.59 Bn | 1.89 Bn | 1.80 Bn |
| 6 | Darden Restaurants | 25.70 Bn | 25.48 Bn | 3.68 Bn | 3.20 Bn |
| 7 | Restaurant Brands International Limited Partnership | 17.24 Bn | 16.18 Bn | 1.89 Bn | 1.80 Bn |
| 8 | Yum China Holdings | 16.42 Bn | 15.74 Bn | 2.22 Bn | 2.79 Bn |
| 9 | Texas Roadhouse | 13.58 Bn | 13.40 Bn | 1.44 Bn | 1.54 Bn |
| 10 | Dutch Bros | 9.09 Bn | 8.99 Bn | 151.06 Mn | 480.45 Mn |
Historic Data
Download 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 |