Krispy Kreme, Inc. (DNUT) Income Statement
DNUT 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsDNUT revenue and net income
Where DNUT's revenue goes
2025Each bar shows an amount and its share of revenue. DNUT kept −33.9% of revenue as net income.
DNUT profit margins
DNUT growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −8.6% | −0.2% | +6.3% | +12.7% |
| Gross profit | −83.0% | −42.5% | −2.5% | +9.8% |
| Operating income | — | — | — | — |
| Net income | −16,764.5% | — | — | — |
| EPS (diluted) | −225.0% | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
DNUT quarterly EPS vs estimates
Krispy Kreme beat the analyst EPS estimate in 3 of the last 8 quarters. Next report: November 5, 2026 (estimate $0.01).
DNUT income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.52B | $1.67B | $1.69B | $1.53B | $1.38B | $1.12B | $959.4M | $795.9M | $518.7M | $490.3M |
| Cost of revenue | $1.31B | $409.2M | $443.2M | $406.2M | $354.1M | $879.4M | $262.0M | $246.5M | $414.5M | $395.9M |
| Gross profit | $214.0M | $1.26B | $1.24B | $1.12B | $1.03B | $242.7M | $697.4M | $549.4M | $104.2M | $94.4M |
| Sales, general & admin | $226.3M | $325.4M | $312.7M | $265.8M | $261.9M | $216.3M | $190.2M | $162.8M | $30.3M | $31.1M |
| Total operating expenses | $247.2M | $1.26B | $1.23B | $1.09B | $989.2M | $238.4M | $659.4M | $508.2M | $51.1M | $45.7M |
| Operating income | −$33.3M | −$8.7M | $13.1M | $29.0M | $41.1M | $4.3M | $38.0M | $34.5M | $52.1M | $48.2M |
| Interest expense | $65.8M | $60.1M | $50.3M | $34.1M | $43.0M | $57.2M | $60.0M | $46.8M | $0 | — |
| Income before taxes | −$544.6M | $19.8M | −$41.0M | −$8.2M | −$4.1M | −$51.8M | −$21.4M | −$17.8M | $51.8M | $48.2M |
| Income taxes | −$20.8M | $16.0M | −$4.3M | $612,000 | $10.7M | $9.1M | $12.6M | −$5.3M | $19.4M | $18.2M |
| Net income | −$515.8M | $3.1M | −$37.9M | −$15.6M | −$24.5M | −$64.8M | −$37.4M | −$14.1M | $32.4M | $30.1M |
| EBITDA | −$341.7M | $213.4M | $135.2M | $136.2M | $140.5M | $85.8M | $102.4M | $78.5M | $73.0M | $62.5M |
| EPS (diluted) | −$0.15 | $0.12 | $0.28 | $0.30 | $0.40 | −$0.39 | −$159.26 | −$0.11 | $0.48 | $0.44 |
| Gross margin | 14.1% | 75.4% | 73.7% | 73.4% | 74.4% | 21.6% | 72.7% | 69.0% | 20.1% | 19.3% |
| Operating margin | −2.2% | −0.5% | 0.8% | 1.9% | 3.0% | 0.4% | 4.0% | 4.3% | 10.0% | 9.8% |
| Net margin | −33.9% | 0.2% | −2.2% | −1.0% | −1.8% | −5.8% | −3.9% | −1.8% | 6.2% | 6.1% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $331.0M | $367.0M | $392.4M | $375.3M | $379.8M | $375.2M | $404.0M | $379.9M | $438.8M | $442.7M | $450.9M | $407.4M |
| Cost of revenue | $86.0M | $308.6M | $93.0M | $292.2M | $92.6M | $90.7M | $98.5M | $95.8M | $107.8M | $107.0M | $113.0M | $101.4M |
| Gross profit | $245.0M | $58.5M | $299.4M | $83.1M | $287.1M | $284.4M | $305.5M | $284.0M | $331.0M | $335.7M | $338.0M | $306.0M |
| Sales, general & admin | $64.8M | $58.0M | $65.4M | $61.9M | $75.1M | $69.6M | $79.6M | $81.8M | $76.9M | $83.7M | $88.3M | $80.8M |
| Total operating expenses | $255.9M | $68.5M | $285.6M | $90.3M | $721.7M | $304.7M | $317.0M | $300.0M | $324.1M | $323.8M | $343.3M | $308.1M |
| Operating income | −$11.0M | −$10.0M | $13.8M | −$7.2M | −$434.6M | −$20.3M | −$11.5M | −$16.0M | $6.9M | $11.9M | −$5.3M | −$2.1M |
| Interest expense | $13.4M | $15.6M | $16.5M | $16.4M | $16.7M | $16.2M | $15.6M | $16.3M | $14.5M | $13.7M | $13.5M | $12.8M |
| Income before taxes | −$24.1M | −$19.1M | −$24.0M | −$17.3M | −$461.6M | −$36.1M | −$24.5M | $55.3M | −$8.5M | −$2.4M | −$19.6M | −$15.9M |
| Income taxes | −$4.3M | $3.6M | $5.1M | $2.8M | −$20.5M | −$2.7M | −$2.4M | $17.7M | −$3.6M | $4.3M | −$21.5M | $24.4M |
| Net income | −$20.3M | −$28.2M | −$27.8M | −$19.4M | −$435.3M | −$33.3M | −$22.4M | $39.6M | −$5.5M | −$8.5M | $2.6M | −$40.5M |
| EBITDA | $16.3M | $28.6M | $26.5M | $32.5M | −$409.1M | $14.0M | $25.1M | $102.9M | $40.5M | $44.9M | $30.6M | $28.9M |
| EPS (diluted) | −$0.05 | −$0.05 | $0.07 | $0.01 | −$0.18 | −$0.05 | $0.01 | −$0.01 | $0.05 | $0.07 | $0.09 | $0.03 |
| Gross margin | 74.0% | 15.9% | 76.3% | 22.2% | 75.6% | 75.8% | 75.6% | 74.8% | 75.4% | 75.8% | 75.0% | 75.1% |
| Operating margin | −3.3% | −2.7% | 3.5% | −1.9% | −114.4% | −5.4% | −2.8% | −4.2% | 1.6% | 2.7% | −1.2% | −0.5% |
| Net margin | −6.1% | −7.7% | −7.1% | −5.2% | −114.6% | −8.9% | −5.6% | 10.4% | −1.3% | −1.9% | 0.6% | −9.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in DNUT's financial statements (latest annual report filed March 6, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
DNUT financial results
In fiscal year 2025 (ended December 31, 2025), Krispy Kreme reported revenue of $1.5 billion, down 8.6% from the year before. It had a net loss of $515.8 million, a net profit margin of −33.9%. Diluted earnings per share came to −$0.15. Over five years revenue grew at an average rate of 6.3% a year.
See the DNUT stock overview for the latest quote and news, or the DNUT chart for price history and technical indicators.
DNUT income statement FAQ
What is Krispy Kreme's annual revenue?
Krispy Kreme reported total revenue of $1.5 billion for fiscal year 2025, which ended on December 31, 2025. That was down 8.6% from $1.7 billion the previous year.
Is Krispy Kreme profitable?
No. Krispy Kreme reported a net loss of $515.8 million in fiscal 2025, a net profit margin of −33.9%; its operating margin was −2.2%.
What is Krispy Kreme's gross margin?
Krispy Kreme's gross margin was 14.1% in fiscal 2025: for every $100 of revenue, Krispy Kreme kept $14 after the direct cost of its products and services.
How fast is Krispy Kreme growing?
Revenue grew 6.3% a year on average over the last five fiscal years, from $1.1 billion to $1.5 billion.
What are Krispy Kreme's earnings per share?
Krispy Kreme earned $-0.15 per diluted share in fiscal 2025, compared with $0.12 a year earlier.
When will Krispy Kreme report its next earnings?
Krispy Kreme is expected to report results for the quarter ending September 30, 2026 on November 5, 2026 before the market opens.
When does Krispy Kreme's fiscal year end?
Krispy Kreme's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 6, 2026.