Dutch Bros Inc. (BROS) is having itself a moment. The coffee chain reported fourth-quarter results Thursday that had pretty much everything investors wanted to see: revenue growth, margin expansion, and guidance that suggests the party isn't stopping anytime soon.

The Numbers Tell a Growth Story

Revenue hit $443.61 million for the quarter, up 29.4% year-over-year and comfortably above the Street's $424.75 million estimate. Earnings came in even better at 17 cents per share, crushing the consensus call for 10 cents.

But here's what really matters for a growth-stage restaurant chain: same-store sales climbed 7.7% in the quarter. That marks the company's 19th straight year of positive comp growth, which is the kind of consistency that makes investors pay attention.

Dutch Bros opened 55 new stores in the fourth quarter alone, spanning 17 states. For the full year, that added up to 154 new locations across 22 states, including expansion into seven new markets. Average unit volumes hit a record $2.1 million in 2025, suggesting these stores are actually doing serious business.

"The results of the fourth quarter and full year 2025 show that five years into our journey as a public company, Dutch Bros not only delivered a record-breaking year, but reinforced our well-defined path of sustainable, profitable growth," CEO Christine Barone said.

For the full fiscal year, revenue reached $1.64 billion, up 27.9% year-over-year, with same-shop sales climbing 5.6%.

Looking Ahead to 2026

Management isn't pumping the brakes. The company guided toward 2026 revenue between $2 billion and $2.03 billion, right in line with Street expectations. Same-shop sales growth is projected at 3% to 5% for the year, with at least 181 new store openings planned.

"We believe we have the right energy and the right strategy to continue winning market share for years to come," Barone added.

Market Reaction

Investors liked what they heard. Dutch Bros stock jumped 10.78% to $55.30 in after-hours trading Thursday. The stock has traded between $47.16 and $86.88 over the past 52 weeks.