Dutch Bros (BROS) Shares Outstanding (Diluted) (2021 - 2026)
Dutch Bros (BROS) reported Shares Outstanding (Diluted) of 134.77 million for Q2 2026, up 6.3% from 126.83 million a year earlier and up 5.8% from the prior quarter.
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Analysis
Dutch Bros (BROS) Shares Outstanding (Diluted) (2021 - 2026) Analysis & Trends
For FY2025, Dutch Bros posted Shares Outstanding (Diluted) of 125.76 million, up 20.8% from FY2024.
- Shares Outstanding (Diluted) has increased for four consecutive years, with a four-year compound annual growth rate of 28.7% (FY2021 to FY2025).
- By year, Shares Outstanding (Diluted) came in at 104.13 million in FY2024 (+67.7%), 62.07 million in FY2023 (+19.7%), 51.87 million in FY2022 (+13.1%) and 45.86 million in FY2021.
- The Q2 2026 figure ranks as the highest quarterly Shares Outstanding (Diluted) in data going back to Q3 2021.
- Year over year, Shares Outstanding (Diluted) has now increased in each of the last 16 quarters, with growth averaging 33.8% over the last eight quarters.
- Over the past five years, the year-over-year growth in Shares Outstanding (Diluted) ranged from 4.8% (Q1 2026) to 89.7% (Q3 2024).
- Per Business Quant data, the three quarters before Q2 2026 came in at 127.38 million (Q1 2026), 125.76 million (Q4 2025) and 127.38 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Dil.) (Qtr) |
|---|---|---|---|---|---|
| 1 | Mcdonalds | 197.03 Bn | 191.85 Bn | 6.42 Bn | 711.10 Mn |
| 2 | Starbucks | 121.44 Bn | 109.07 Bn | - | 1.14 Bn |
| 3 | Yum Brands | 45.58 Bn | 42.47 Bn | 1.47 Bn | 277.00 Mn |
| 4 | Chipotle Mexican Grill | 45.08 Bn | 41.58 Bn | - | 1.28 Bn |
| 5 | Restaurant Brands International | 27.34 Bn | 23.13 Bn | 1.40 Bn | 457.00 Mn |
| 6 | Darden Restaurants | 25.92 Bn | 25.01 Bn | 1.68 Bn | 114.40 Mn |
| 7 | Restaurant Brands International Limited Partnership | 24.67 Bn | 20.46 Bn | 1.40 Bn | 335.00 Mn |
| 8 | Yum China Holdings | 17.29 Bn | 10.94 Bn | 537.00 Mn | 349.00 Mn |
| 9 | Texas Roadhouse | 12.62 Bn | 11.96 Bn | - | 65.92 Mn |
| 10 | Dutch Bros | 4.69 Bn | 3.62 Bn | 151.06 Mn | 134.77 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 134.77 Mn |
| Mar 31, 2026 | 127.38 Mn |
| Dec 31, 2025 | 125.76 Mn |
| Sep 30, 2025 | 127.38 Mn |
| Jun 30, 2025 | 126.83 Mn |
| Mar 31, 2025 | 121.51 Mn |
| Dec 31, 2024 | 104.13 Mn |
| Sep 30, 2024 | 114.25 Mn |
| Jun 30, 2024 | 102.36 Mn |
| Mar 31, 2024 | 83.41 Mn |
| Dec 31, 2023 | 62.07 Mn |
| Sep 30, 2023 | 60.21 Mn |
| Jun 30, 2023 | 57.43 Mn |
| Mar 31, 2023 | 56.66 Mn |
| Dec 31, 2022 | 51.87 Mn |
| Sep 30, 2022 | 54.42 Mn |
| Jun 30, 2022 | 50.93 Mn |
| Mar 31, 2022 | 48.06 Mn |
| Dec 31, 2021 | 45.86 Mn |
| Sep 30, 2021 | 47.23 Mn |
API Access
Dutch Bros Shares Outstanding (Diluted) 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=shares-outstanding-diluted&ticker=BROS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-diluted", "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=shares-outstanding-diluted&ticker=BROS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();