Dutch Bros Inc. filings document the public-company disclosures of a Delaware corporation operating and franchising drive-thru beverage shops. Form 8-K reports primarily furnish quarterly and annual financial results, Regulation FD disclosures and related press-release exhibits covering revenue, same shop sales, transaction trends, shop openings, company-operated shop performance and adjusted profitability measures.
The company’s proxy materials cover stockholder voting matters, board and committee governance, executive compensation, equity awards and related ownership disclosures. Together, the filing record reflects the company’s operating model across company-operated shops and franchising, its capital and governance framework, and recurring risk and performance topics tied to scaling a quick-service beverage brand.
Dutch Bros Inc. (BROS) reported that director Todd Allan Penegor converted 775 Restricted Stock Units into 775 shares of Class A Common Stock on August 20, 2026, at a stated price of $0.00 per share. Following the transaction, he directly holds 8,133 shares of Class A Common Stock and 2,324 Restricted Stock Units.
Each Restricted Stock Unit represents a contingent right to receive one share of Class A Common Stock. The related Restricted Stock Unit award will vest in four 25% installments on August 20, 2026, November 20, 2026, February 20, 2027, and the earlier of May 20, 2027 or the 2027 annual stockholder meeting date.
Dutch Bros Inc. (BROS) director C. David Cone reported the exercise of restricted stock units into common stock. On 2026-08-20, 775 Restricted Stock Units were converted into 775 shares of Class A Common Stock at $0.00 per share. Following these transactions, Cone holds 2,324 Restricted Stock Units and 7,215 shares of Class A Common Stock directly. The related RSU award is scheduled to vest in four 25% installments between August 20, 2026 and May 20, 2027 (or the 2027 annual stockholder meeting, if earlier).
Dutch Bros Inc. (BROS) director Scott Harlan Maw reported a derivative exercise involving restricted stock units (RSUs). On 2026-08-20, 775 RSUs were exercised, converting into 775 shares of Class A Common Stock at a stated price of $0.00 per share. Following these transactions, he directly held Class A shares and 2,324 RSUs. Each RSU represents a contingent right to one share of Class A Common Stock, with 25% of this RSU award scheduled to vest on each of August 20, 2026, November 20, 2026, February 20, 2027, and the remaining 25% on the earlier of May 20, 2027 or the 2027 annual stockholder meeting date.
Dutch Bros Inc. director Todd Allan Penegor reported an open-market purchase of 2,000 shares of Class A Common Stock on 2026-08-13 at $51.56 per share. Following this transaction, he directly holds 7,358 shares of Class A Common Stock. The filing indicates the transaction was not made pursuant to a Rule 10b5-1 trading plan.
Dutch Bros Inc. received an amended Schedule 13G/A (Amendment No. 8) from founder-related entities reporting their beneficial ownership of Class A common stock. Travis Boersma reports 45,180,896 shares with sole voting and dispositive power, representing 25.6% of the Class A shares.
Affiliated entities report additional positions: DM Trust Aggregator, LLC holds 27,185,390 shares (sole voting and dispositive power; 16.9% of the class), DM Individual Aggregator, LLC holds 17,282,416 shares (11.3%), and DMI Holdco, LLC holds 713,090 shares (0.5%). All are reported as "Reporting Persons," with details further described in Exhibit 99.1 and signatures executed by attorney-in-fact Thomas P. Conaghan.
FMR LLC has reported beneficial ownership of 16,724,132.03 shares of Dutch Bros Inc. Class A common stock, representing 12.2% of the class as of June 30, 2026. FMR has sole voting power over 16,585,112.31 shares and sole dispositive power over 16,724,132.03 shares, with no shared voting or dispositive power.
Abigail P. Johnson is also listed as a reporting person with sole dispositive power over the same 16,724,132.03 shares but no voting power. One or more other persons may receive dividends or sale proceeds from these shares, but no such person holds more than five percent of the outstanding Class A common stock.
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 second quarter 2026 results with total revenues of $550.9 million, up 32.5% from $415.8 million in 2025. Net income was $51.6 million, or $0.28 per diluted share, and Adjusted EBITDA rose to $113.7 million, a 27.8% increase.
Company-operated same shop sales grew 8.3%, while systemwide same shop sales rose 5.8%. The company opened 48 new shops in the quarter, bringing total locations to 1,225. Full-year 2026 guidance now projects total revenues of $2.1–$2.13 billion, same shop sales growth of 5–6%, Adjusted EBITDA of $385–$390 million, and capital expenditures of $350–$370 million, with at least 185 total system shop openings.
Separately, Dutch Bros entered into an agreement to acquire the real estate and related site assets of up to 65 Salad and Go locations across Arizona, Nevada, Oklahoma and Texas, with closing expected in the third quarter of 2026, subject to approvals and customary conditions.
Dutch Bros Inc. Chief Marketing Officer Tana Davila exercised restricted stock units and had shares withheld for taxes. On July 1, 2026, she exercised RSU awards covering 14,442 shares of Class A Common Stock and 6,045 shares were disposed of to cover tax obligations at $73.31 per share. These tax-withholding dispositions were not open-market sales. Following the transactions, she holds 26,093 shares of Class A Common Stock directly.
Dutch Bros Inc. disclosed that entities associated with Executive Chairman Travis Boersma executed open-market sales of 1,499,999 shares of Class A Common Stock over June 10–11, 2026. The shares were sold indirectly by DM Individual Aggregator, LLC and DM Trust Aggregator, LLC.
Sale prices were reported as weighted averages, with individual transactions priced around $60–$64 per share. According to the footnotes, these transactions were carried out automatically under pre-arranged Rule 10b5-1 trading plans adopted by the DM Trust Aggregator, LLC and DM Individual Aggregator, LLC, and Boersma disclaims beneficial ownership beyond any pecuniary interest.