DNUT

MKT CAP:$666M

Krispy Kreme, Inc.

Market Cap

$666M

Consumer Defensive·Grocery Stores·🇺🇸 United States·NASDAQ

Consumer Def.·Grocery Stores·🇺🇸·NASDAQ

Stock Price

$3.82-$0.26 (-6.37%)

Apr 23, 2026

Company Details

Krispy Kreme, Inc., together with its subsidiaries, operates through an omni-channel business model to provide doughnut experiences and produce doughnuts. The company operates through three segments: U.S. and Canada, International, and Mark...

CEO

Joshua Charlesworth

IPO Date

Jul 1, 2021

Website

www.krispykreme.com

Key Metrics TTM

Revenue

$1.6B

-4.1% YoY

Net Income

-$27M

EPS (Diluted)

-$0.16

Free Cash Flow

-$40M

Revenue / Share

$9.25

Gross Margin

28.9%

Operating Margin

-0.9%

Net Margin

-1.7%

FCF Margin

-2.5%

P/S

0.4x

P/E

—

Earnings Reports

Q1 2026

May 14, 2026

PENDING

Q4 2025

Mar 6, 2026

$392MEPS -$0.16

Q1 2025

May 8, 2025

$375MEPS -$0.20

FY 2024

Feb 27, 2025

$1.7B-1.2%EPS $0.02

Q3 2024

Nov 7, 2024

$380M-6.8%EPS $0.23

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 14	$121M	$21M	$10M
Q3 14	$123M	$22M	$13M
Q4 14	$125M	$26M	$11M
Q1 15	$132M	$29M	$17M
Q2 15	$127M	$23M	$11M
Q3 15	$129M	$26M	$13M
Q4 15	$130M	$27M	$11M
Q1 16	$136M	$29M	$16M
Q3 22	$378M	$275M	-$1M
Q1 23	$419M	$301M	$15M
Q3 23	$407M	$306M	-$2M
Q4 23	$451M	$338M	-$5M
Q2 24	$439M	$331M	$7M
Q3 24	$380M	$284M	-$16M
Q1 25	$375M	$284M	-$20M
Q4 25	$392M	-$441M	$14M

Valuation

Quarter	P/S	P/E
Q2 14	1.4x	18.0x
Q3 14	1.4x	17.4x
Q4 14	1.4x	22.2x
Q1 15	1.3x	21.4x
Q2 15	1.3x	21.3x
Q3 15	1.3x	21.7x
Q4 15	1.3x	20.6x
Q1 16	1.3x	21.4x
Q3 22	0.9x	54.7x
Q1 23	0.6x	154.8x
Q3 23	0.5x	—
Q4 23	0.4x	—
Q2 24	0.4x	—
Q3 24	0.4x	—
Q1 25	0.4x	196.1x
Q4 25	0.4x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 14	$14M	$8M
Q3 14	$18M	$10M
Q4 14	$17M	$7M
Q1 15	$17M	$13M
Q2 15	$18M	$13M
Q3 15	$20M	$10M
Q4 15	$24M	$15M
Q1 16	$19M	$11M
Q3 22	$17M	-$7M
Q1 23	$10M	-$16M
Q3 23	-$2M	-$37M
Q4 23	$2M	-$31M
Q2 24	$33M	$2M
Q3 24	$3M	-$23M
Q1 25	-$21M	-$47M
Q4 25	$45M	$28M

Capital Expenditures

Quarter	CapEx
Q2 14	$6M
Q3 14	$8M
Q4 14	$10M
Q1 15	$5M
Q2 15	$6M
Q3 15	$10M
Q4 15	$9M
Q1 16	$8M
Q3 22	$24M
Q1 23	$27M
Q3 23	$34M
Q4 23	$33M
Q2 24	$32M
Q3 24	$26M
Q1 25	$26M
Q4 25	$17M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 14	+6.9%	+8.5%
Q3 14	+7.6%	+7.3%
Q4 14	+11.2%	+10.4%
Q1 15	+9.0%	+9.3%
Q2 15	+5.7%	+5.2%
Q3 15	+4.6%	+4.7%
Q4 15	+4.0%	+4.5%
Q1 16	+3.0%	+4.7%
Q3 22	+196.5%	+224.7%
Q1 23	+225.9%	+250.7%
Q3 23	+212.5%	+242.3%
Q4 23	+230.4%	+278.3%
Q2 24	+16.2%	+14.1%
Q3 24	-9.3%	-2.0%
Q1 25	-7.9%	-3.4%
Q4 25	-13.0%	-17.2%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 14	$1M	0.9%
Q3 14	$1M	1.0%
Q4 14	$1M	0.9%
Q1 15	$2M	1.5%
Q2 15	$2M	1.3%
Q3 15	$1M	1.1%
Q4 15	$566.0K	0.4%
Q1 16	$2M	1.1%
Q3 22	$3M	0.7%
Q1 23	$6M	1.3%
Q3 23	$7M	1.8%
Q4 23	$6M	1.4%
Q2 24	$8M	1.7%
Q3 24	$10M	2.6%
Q1 25	$3M	0.7%
Q4 25	$5M	1.2%

OpEx Breakdown

Quarter	G&A	S&M
Q2 14	$7M	$245.0K
Q3 14	$6M	$702.0K
Q4 14	$9M	$1M
Q1 15	$8M	$323.0K
Q2 15	$7M	$515.0K
Q3 15	$7M	$923.0K
Q4 15	$7M	$906.0K
Q1 16	$7M	$607.0K
Q3 22	$56M	$11M
Q1 23	$61M	$10M
Q3 23	$68M	$12M
Q4 23	$75M	$14M
Q2 24	$64M	$12M
Q3 24	$71M	$11M
Q1 25	$59M	$10M
Q4 25	$54M	$11M

Revenue Segments

Quarter	Company Shops, DFD And Branded Sweet Treat Line	Mix And Equipment Revenue From Franchisees	Royalty
Q3 22	$354M	$16M	$7M
Q1 23	$393M	$18M	$8M
Q3 23	$386M	$13M	$9M
Q2 24	$414M	$16M	$9M
Q3 24	$358M	$13M	$9M
Q1 25	$356M	$11M	$9M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$32M	$0	$32M
Q2 22	$26M	$0	$26M
Q3 22	$28M	$0	$28M
Q4 22	$35M	$0	$35M
Q1 23	$30M	$226.0K	$30M
Q2 23	$27M	$0	$27M
Q3 23	$26M	$0	$26M
Q4 23	$38M	$0	$38M
Q1 24	$33M	$0	$33M
Q2 24	$29M	$0	$29M
Q3 24	$25M	$0	$25M
Q4 24	$29M	$0	$29M
Q1 25	$19M	$0	$19M
Q2 25	$21M	$0	$21M
Q3 25	$31M	$0	$31M
Q4 25	$0	$0	$0

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 14	120M	-1.5%	-3.3%
Q3 14	120M	-0.1%	-4.0%
Q4 14	120M	-0.1%	-3.5%
Q1 15	120M	-0.0%	-1.7%
Q2 15	118M	-1.8%	-2.0%
Q3 15	115M	-2.1%	-3.9%
Q4 15	115M	-0.3%	-4.2%
Q1 16	114M	-0.5%	-4.6%
Q3 22	167M	+46.7%	+42.4%
Q1 23	168M	+0.4%	+46.1%
Q3 23	168M	+0.0%	+46.7%
Q4 23	171M	+1.5%	+49.5%
Q2 24	169M	-0.9%	+1.0%
Q3 24	171M	+1.4%	+2.0%
Q1 25	170M	-0.7%	+1.2%
Q4 25	171M	+0.7%	+0.4%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 14	—	—
Q3 14	—	—
Q4 14	—	—
Q1 15	—	—
Q2 15	—	—
Q3 15	—	—
Q4 15	—	—
Q1 16	—	—
Q3 22	$17.6K	22K
Q1 23	$17.8K	24K
Q3 23	$17.3K	24K
Q4 23	$19.8K	23K
Q2 24	$19.2K	23K
Q3 24	$16.7K	23K
Q1 25	$16.5K	23K
Q4 25	$17.2K	23K

Revenue / Employee