Dutch Bros raises 2025 revenue guidance as Q3 revenue rises 25% to $423.6 million
Dutch Bros reported third-quarter 2025 results on November 5, 2025, with total revenue up 25.2% to $423.6 million and net income of $27.3 million, compared with $21.7 million a year earlier. The company raised its full-year 2025 total revenue guidance to between $1.61 billion and $1.615 billion, while its Adjusted EBITDA guidance of $285 million to $290 million was unchanged.
Key points
- Q3 2025 total revenue rose 25.2% to $423.6 million from $338.2 million; diluted EPS was $0.14 versus $0.11
- Systemwide same shop sales rose 5.7%, with transactions up 4.7%; the company says the trend continued through October
- 2025 total revenue guidance raised to $1.61 billion to $1.615 billion; same shop sales growth now expected at about 5%
- Company-operated shops gross margin was 21.0%, down 120 basis points year over year
The filing
Written by AI on Nov 8, 2026, 1:00 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 05, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.