Filing Flows › Dutch Bros (BROS) › How it makes money
How Dutch Bros (BROS) makes money
Dutch Bros (BROS) made $550M of revenue in the third quarter 2026 (Q3 2026), +30% from a year earlier. Company-operated shops brought in $515M (94%); Franchising and other brought in $34.8M (6%). Of every dollar of revenue, 10¢ was left as operating profit, 5¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Company-operated shops | $515M | 93.7% | +1% | +31% |
| Franchising and other | $34.8M | 6.3% | -15% | +13% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $550M | 100.0% |
| Operating profit | $52.8M | 9.6% |
| Income tax | $8.8M | 1.6% |
| Net earnings | $27.2M | 4.9% |
| Operating cash flow | $100M | 18.2% |
| Free cash flow | $14.8M | 2.7% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $550M | +30% |
| Q2 2026 | $551M | +32% |
| Q1 2026 | $464M | +31% |
| Q4 2025 | $444M | +29% |
| Q3 2025 | $424M | +25% |
| Q2 2025 | $416M | +28% |
| Q1 2025 | $355M | +29% |
From Dutch Bros' 10-Q filed Nov 5, 2026 (on EDGAR).
Questions
How does Dutch Bros make money?
Dutch Bros (BROS) made $550M of revenue in the third quarter 2026 (Q3 2026), +30% from a year earlier. Company-operated shops brought in $515M (94%); Franchising and other brought in $34.8M (6%). Of every dollar of revenue, 10¢ was left as operating profit, 5¢ was left as net earnings.
What is Dutch Bros' biggest business?
Company-operated shops: $515M in the third quarter 2026, 94% of revenue, +31% from a year earlier.
What is Dutch Bros' profit margin?
Net earnings were $27.2M, 4.9% of revenue, in the third quarter 2026; the operating margin was 9.6%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.