Flagship explainer

How Dutch Bros Inc. makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$1.6B · 100%Cost of revenue$1.2B · 74%Gross profit$424M · 26%Operating income$161M · 10%Income before tax$136M · 8%Income tax$18.3M · 1%Net income$79.8M · 5%As of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$1.6B100%
Cost of revenue$1.2B74%
$424M26%
$161M10%
Income before tax$136M8%
Income tax$18.3M1%
$79.8M5%
Source: · event Dec 31, 2025 · retrieved Oct 16, 2026 · annual-row source set
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