SuperworthDutch Bros shares outstanding BROS
Diluted shares outstanding, averaged over each quarter, from 2021.
- Latest quarter, to Jun 30, 2026
- 134.8M
- On a year earlier
- +6.3%
- more shares
Dutch Bros had 134.8M diluted shares outstanding on average in Q2 FY26, the quarter to Jun 30, 2026.
That is 6.3% more than a year earlier, so each share owns a little less of the company.
Shares outstanding over time
Fiscal year by fiscal year
| Fiscal year | Shares, fourth quarter | Change |
|---|---|---|
| FY2025 | 127.4M | +10% |
| FY2024 | 116.2M | +54% |
| FY2023 | 75.4M | +36% |
| FY2022 | 55.3M | +20% |
| FY2021 | 46M | n/a |
Each fiscal year is the twelve months to its fourth quarter, shown as the fourth quarter's average share count.
Quarter by quarter
| Quarter | Ended | Shares outstanding | On a year earlier |
|---|---|---|---|
| Q2 FY26 | 134.8M | +6% | |
| Q1 FY26 | 127.4M | +5% | |
| Q4 FY25 | 127.4M | +10% | |
| Q3 FY25 | 127.4M | +11% | |
| Q2 FY25 | 126.8M | +24% | |
| Q1 FY25 | 121.5M | +46% | |
| Q4 FY24 | 116.2M | +54% | |
| Q3 FY24 | 114.3M | +90% | |
| Q2 FY24 | 102.4M | +78% | |
| Q1 FY24 | 83.4M | +47% | |
| Q4 FY23 | 75.4M | +36% | |
| Q3 FY23 | 60.2M | +11% |
What the shares outstanding tells you
Diluted shares outstanding, averaged over the period. Fewer shares means each one owns more of the company.
A falling count usually means buybacks. A rising one means stock pay, acquisitions paid in shares or new shares sold.
More on Dutch Bros
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.