Dutch Bros posts record year, plans aggressive expansion into 2026

Dutch Bros Inc., the Tempe-based beverage company, just completed its best financial year ever and is expecting to do even better in 2026.

BY BRANDON BROWN/PHOENIX BUSINESS JOURNAL

Feb 16, 2026, 4:45 AM Updated: 12:50 pm

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Dutch Bros Inc. (NYSE: BROS), the Tempe-based beverage company, just completed its best financial year ever and is expecting to do even better in 2026.

Dutch Bros ended 2025 with total revenue of $1.64 billion, which was up 27.9% from $1.28 billion in 2024. The company grew its earnings 76.4% from $66.5 million in 2024 to $117.3 million, buoyed by a 5.6% increase in same shop sales.

The company released its 2025 fourth quarter and full-year earnings report Thursday afternoon. On the subsequent conference call, CEO and President Christine Barone said it would open at least 181 new locations in 2026, up from the 154 the Dutch Bros opened in 2025.

This story is posted in partnership with Phoenix Business Journal. Click to read the full story.