Dutch Bros Q3 revenue +25% to $423.6M; raises FY revenue and SSS guidance

Dutch Bros Inc.

2025-Q3 EPS reported $0.47 revenue$1,194,549,000

Q3 revenue $423.6M (+25.2% YoY); net income $27.3M vs $21.7M; diluted EPS $0.14.
Company-operated same-shop sales +7.4% (transactions +6.8%); systemwide SSS +5.7%.
Adjusted EBITDA $78.0M (+22.3%); adjusted net income $0.19 per diluted fully exchanged share.
FY 2025 revenue guidance raised to ~$1.61-1.615B; same-shop sales guidance raised to ~5%.
Opened 38 new shops in Q3; 2026 target ~175 shop openings.

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