Dutch Bros Inc. has recently released its 10-K report, revealing that as of December 31, 2025, it operated 1,136 systemwide shops in 25 states, marking a 15.7% increase from the previous year. The company generated $1.6 billion in revenue, with a net income of $117.3 million and income per diluted share of $0.64 for the year ended December 31, 2025.
The company operates through two segments: Company-operated Shops and Franchising and Other. In the Company-operated Shops segment, it reported a gross profit of $330.4 million and a contribution of $436.6 million for the year ended December 31, 2025. The Franchising and Other segment saw a gross profit of $93.6 million and a revenue of $128.8 million for the same period.
Key performance indicators for the year ended December 31, 2025, include a 5.6% increase in systemwide average unit volume (AUV), a 5.6% increase in systemwide same shop sales, and a 5.4% increase in company-operated same shop sales. Additionally, the company reported an increase in total shops of 15.7% and an increase in total revenue of 27.9% for the year ended December 31, 2025, compared to the previous year.
The company also discussed the impact of global events on its operations, including macroeconomic uncertainties and minimum wage increases, which have affected its operating results. Additionally, it provided a detailed breakdown of its financial results, including revenue, costs, and expenses for its Company-operated Shops and Franchising and Other segments.
Today the company's shares have moved 1.65% to a price of $62.15. For the full picture, make sure to review Dutch Bros's 10-K report.
