Dutch Bros reported fourth-quarter revenue of $443.6 million. This figure represents a 29.4% increase over the same period last year. Full-year 2025 revenue reached $1.64 billion, marking a 27.9% annual increase. The company surpassed analyst expectations for both revenue and earnings per share in the fourth quarter. Same-shop sales grew 5.6% across the full year. The company opened 154 new shops during 2025.
The stock price experienced volatility and reversed an initial surge following the report. Management issued a 2026 forecast projecting revenue growth of approximately 22%. The company expects margin compression driven by rising coffee costs. Profitability will also face pressure from a nationwide food menu rollout. Dutch Bros intends to open at least 181 new stores in 2026.