Dutch Bros Inc.'s results for Q3 2026 (ended Sep 30, 2026) come from the company's own earnings release, filed with the SEC on 2026-11-04. Everything below is taken from that filing; quotes are copied exactly. Company outlooks are the company's own.
At a glance
| Item | Value |
|---|---|
| Revenue (GAAP) | $550 million (+29.8% vs a year earlier) |
| Diluted EPS (GAAP) | $0.20 |
| Adjusted per-share figure (company's non-GAAP measure; FFO/AFFO for REITs) | $0.25 |
| Full-year guidance | Stated (no change given) |
Guidance
Now projects 2026 revenue of at least $2.1B, same-shop sales growth of at least 5%, adjusted EBITDA ~$380M; 2027 system shop openings ~250.
Why this label: 2026 revenue (at least $2.1B) and adjusted EBITDA (~$380M) 'now projected' with no prior figures or direction; not called initial.
| Metric | Period | New | Prior (as stated in the release) |
|---|---|---|---|
| total revenues | FY2026 | at least $2.1 billion | not stated |
| same shop sales growth | FY2026 | at least 5% | not stated |
| adjusted EBITDA | FY2026 | approximately $380 million | not stated |
| capital expenditures | FY2026 | $370–$390 million | not stated |
| total system shop openings | FY2026 | at least 185 | at least 185 |
| total system shop openings | FY2027 | approximately 250 | not stated |
From the release
Revenue: "Total revenues grew 29.8% to $549.8 million as compared to $423.6 million in the same period of 2025."
Earnings per share: "Diluted · $ · 0.20 · $ · 0.14"
total revenues: "Total revenues are now projected to be at least $2.1 billion."
same shop sales growth: "Same shop sales growth is now estimated to be at least 5%."
adjusted EBITDA: "Adjusted EBITDA 2 is now estimated to be approximately $380 million."
Quotes are copied from the filing; in table rows, cell borders are shown as “·”.
Key fact: Total revenues grew 29.8% to $549.8 million; 2027 shop-opening goal set at about 250.
Source
Dutch Bros Inc. earnings release (SEC filing), accession 0001866581-26-000178, filed 2026-11-04.
Part of the Q3 2026 Guidance Tracker. Educational only, not advice. Free weekly recap every Sunday: yieldterminalpro.com/newsletter.