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Dutch Bros Inc ( (BROS) ) just unveiled an update.
Dutch Bros Inc., one of the fastest-growing brands in the U.S. quick service beverage sector, reported strong fourth quarter and full-year 2025 results on February 12, 2026, highlighting robust expansion and profitability. The company opened 55 new shops in the fourth quarter and 154 over 2025, mostly company-operated, reaching 1,136 locations across 25 states while maintaining its 19-year streak of positive same shop sales growth.
In the fourth quarter of 2025, revenue rose 29.4% year over year to $443.6 million, with systemwide same shop sales up 7.7%, transactions up 5.4% and net income jumping to $29.2 million from $6.4 million. For the full year 2025, revenue grew 27.9% to $1.64 billion, net income increased to $117.3 million from $66.5 million and adjusted EBITDA climbed 31.4% to $302.6 million, underscoring operating leverage, record average unit volumes of $2.1 million and management’s confidence in its long-term expansion plan toward 2,029 shops by 2029.
For 2026, Dutch Bros projected total revenue between $2 billion and $2.03 billion, same shop sales growth of 3% to 5% and adjusted EBITDA between $355 million and $365 million, despite continued elevated coffee costs. The company plans at least 181 new system shop openings and capital expenditures of $270 million to $290 million, signaling ongoing aggressive growth that reinforces its competitive position in the U.S. beverage market and supports continued investment in people and growth initiatives.
The most recent analyst rating on (BROS) stock is a Buy with a $85.00 price target. To see the full list of analyst forecasts on Dutch Bros Inc stock, see the BROS Stock Forecast page.
Spark’s Take on BROS Stock
According to Spark, TipRanks’ AI Analyst, BROS is a Neutral.
Dutch Bros Inc shows strong financial performance with robust revenue growth and improving profitability. The earnings call provided optimistic guidance and highlighted successful expansion and customer engagement strategies. However, the high P/E ratio suggests overvaluation, and technical indicators show potential resistance in the longer term. Challenges with cash flow management and increased costs also pose risks.
To see Spark’s full report on BROS stock, click here.
More about Dutch Bros Inc
Dutch Bros Inc. is a high-growth operator and franchisor of drive-thru coffee and beverage shops in the U.S. quick service beverage industry, offering a wide range of hand-crafted hot and cold drinks. Founded in 1992 in Grants Pass, Oregon, it has expanded to 1,136 locations across 25 states as of December 31, 2025, emphasizing speed, service and a community-driven, people-first culture.
The company’s concept centers on customizable espresso-based and other specialty beverages served through drive-thru formats. Dutch Bros targets broad consumer demographics seeking convenience and premium, innovative drinks, leveraging its strong brand identity and culture to support rapid, largely company-operated expansion in contiguous U.S. markets.
Average Trading Volume: 3,851,084
Technical Sentiment Signal: Buy
Current Market Cap: $9.06B
See more insights into BROS stock on TipRanks’ Stock Analysis page.