Every 10-Q that Dutch Bros Inc. (BROS) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow BROS and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full BROS filings page.
Dutch Bros Inc. reported strong growth for the quarter and six months ended June 30, 2026. Total revenues for the quarter were $550,851 thousand, and for the first half of 2026 revenues reached $1,015.3 million, a 31.7% increase over 2025. Net income for the six-month period was $75.3 million, with diluted earnings of $0.41 per share.
Systemwide same shop sales rose 5.8% for the quarter and 6.9% year-to-date, while company-operated same shop sales increased 8.3% and 9.3%, respectively. The shop base expanded to 1,225 locations in 25 states, including 888 company-operated and 337 franchised shops. Operating cash flow for the first half of 2026 was $196,933 thousand, supporting continued capital spending and expansion.
As of June 30, 2026, Dutch Bros held cash and cash equivalents of $268,624 thousand, with term loan and revolving borrowings totaling $200,511 thousand. The company also maintained a Tax Receivable Agreements liability of $972,950 thousand and continued to use an interest rate swap to hedge a portion of its term loan exposure.
Dutch Bros Inc. reported strong first‑quarter growth, with revenue of $464.4 million, up 30.8% year over year. Net income was $23.7 million and diluted EPS held at $0.13. Systemwide same shop sales rose 8.3%, including 10.6% growth at company‑operated locations.
The company expanded to 1,177 shops in 25 states, a 16.3% increase from a year earlier, driven mainly by new company‑operated openings and the $19.8 million Clutch Coffee asset purchase. Company‑operated gross margin narrowed to 20.0% due to higher coffee, food, and occupancy costs, but operating cash flow improved to $84.7 million, supporting $76.8 million of growth capex. Dutch Bros ended the quarter with $263.5 million in cash, $201.5 million of debt under its 2025 Credit Facility, and $820.1 million of Tax Receivable Agreement liabilities.
Dutch Bros Inc. reported Q3 results highlighted by higher sales and profitability. Total revenues were $423.6 million, up from $338.2 million a year ago, driven by company-operated shops revenue of $392.8 million and franchising and other revenue of $30.8 million. Income from operations was $41.5 million. Net income attributable to Dutch Bros Inc. was $17.5 million, or $0.14 per diluted share, compared with $12.6 million, or $0.11, in the prior year period.
For the nine months ended September 30, 2025, operating cash flow reached $215.9 million, while purchases of property and equipment were $170.0 million. As of September 30, 2025, there were 1,081 shops in 24 states, including 759 company-operated and 322 franchised. The company amended and restated its credit facility on May 29, 2025 to a $500 million revolving credit line and a $150 million term loan maturing in 2030; $50.0 million was outstanding on the revolver and approximately $149.1 million on the term loan, with $438.3 million available. Tax Receivable Agreements liabilities totaled $825.8 million. Shares outstanding as of October 31, 2025 were: Class A 127,031,344; Class B 35,210,946; Class C 2,279,846.