Dutch Bros annual gross margin
2019
2020
2021
2022
2023
2024
2025
Dutch Bros Gross Margin Growth & History (BROS)
Dutch Bros's gross margin was 25.88% for fiscal 2025.
View full Dutch Bros company overviewDutch Bros annual gross margin history
| Fiscal year | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 25.88% | −0.67 pp |
| 2024 | 2024-12-31 | 26.55% | +0.53 pp |
| 2023 | 2023-12-31 | 26.02% | +1.54 pp |
| 2022 | 2022-12-31 | 24.48% | −6.31 pp |
| 2021 | 2021-12-31 | 30.79% | −4.62 pp |
| 2020 | 2020-12-31 | 35.41% | −4.89 pp |
| 2019 | 2019-12-31 | 40.30% | — |
Dutch Bros quarterly gross margin
Q3.20
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 27.42% | −1.45 pp |
| Q1 2026 | 2026-03-31 | 23.14% | −2.20 pp |
| Q4 2025 | 2025-12-31 | 24.15% | −1.53 pp |
| Q3 2025 | 2025-09-30 | 25.21% | −1.42 pp |
| Q2 2025 | 2025-06-30 | 28.87% | +1.08 pp |
| Q1 2025 | 2025-03-31 | 25.34% | −0.75 pp |
| Q4 2024 | 2024-12-31 | 25.68% | +2.41 pp |
| Q3 2024 | 2024-09-30 | 26.63% | −1.80 pp |
| Q2 2024 | 2024-06-30 | 27.79% | −0.73 pp |
| Q1 2024 | 2024-03-31 | 26.09% | +2.90 pp |
| Q4 2023 | 2023-12-31 | 23.27% | −3.67 pp |
| Q3 2023 | 2023-09-30 | 28.42% | +2.97 pp |
| Q2 2023 | 2023-06-30 | 28.51% | +4.36 pp |
| Q1 2023 | 2023-03-31 | 23.19% | +2.82 pp |
| Q4 2022 | 2022-12-31 | 26.93% | +2.48 pp |
| Q3 2022 | 2022-09-30 | 25.45% | −4.61 pp |
| Q2 2022 | 2022-06-30 | 24.15% | −12.80 pp |
| Q1 2022 | 2022-03-31 | 20.37% | −12.31 pp |
| Q4 2021 | 2021-12-31 | 24.46% | — |
| Q3 2021 | 2021-09-30 | 30.06% | −9.35 pp |
| Q2 2021 | 2021-06-30 | 36.95% | — |
| Q1 2021 | 2021-03-31 | 32.67% | — |
| Q3 2020 | 2020-09-30 | 39.41% | — |
Dutch Bros gross margin trends
Over the last five fiscal years, Dutch Bros's gross margin decreased from 35.41% to 25.88%, a change of −9.53 percentage points. The latest reported quarter, Q2 2026, shows 27.42%.
About the metric
What gross margin means
Gross margin measures the percentage of revenue remaining after the direct costs of producing goods or services. It helps show how efficiently a company turns sales into gross profit before operating expenses.
Calculation and source
How gross margin is calculated
TickerStat calculates gross margin as SEC-reported gross profit divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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