Filing Flows › Dutch Bros (BROS) › Q2 2026 › vs Q1 2026
Dutch Bros (BROS) Q2 2026 vs Q1 2026 (quarter over quarter)
Dutch Bros's revenue rose $86.4M (+19%) from $464M in Q1 2026 to $551M in Q2 2026. Operating margin 12.8% against 7.4% (+5.4 pts).
Dutch Bros, Q2 2026: revenue $551M (+32% year over year), operating margin 12.8%, net earnings $37.4M, operating cash flow $112M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 12.8% | 7.4% | +5.4 pts |
| Net margin | 6.8% | 3.5% | +3.3 pts |
| Free cash flow margin | 7.2% | 6.0% | +1.3 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $551M | $464M | $86.4M | +19% |
| Operating profit | $70.4M | $34.3M | $36.1M | +105% |
| Costs & expenses | $480M | $430M | $50.3M | +12% |
| Pre-tax earnings | $64.2M | $27.0M | $37.2M | +138% |
| Other expense, net | $6.2M | $7.3M | −$1.1M | -15% |
| Cost of revenue | $400M | $357M | $42.9M | +12% |
| SG&A | $80.7M | $73.2M | $7.5M | +10% |
| Net earnings | $37.4M | $16.1M | $21.3M | +132% |
| Minority interests | $14.2M | $7.6M | $6.6M | +88% |
| Income tax | $12.6M | $3.3M | $9.3M | +278% |
| Depreciation & amortization | $35.5M | $38.3M | −$2.8M | -7% |
| Share-based compensation | $6.9M | $5.3M | $1.6M | +30% |
| Working capital & other | $32.4M | $25.1M | $7.3M | +29% |
| Operating cash flow | $112M | $84.7M | $27.5M | +32% |
| Free cash flow (OCF − capex) | $39.9M | $27.7M | $12.2M | +44% |
| Capital expenditures | $72.3M | $57.0M | $15.3M | +27% |
Questions
How much did Dutch Bros's revenue grow quarter over quarter in Q2 2026?
Dutch Bros's revenue rose $86.4M (+19%) from $464M in Q1 2026 to $551M in Q2 2026. Operating margin 12.8% against 7.4% (+5.4 pts).