Welcome to our dedicated page for Dutch Bros SEC filings (Ticker: BROS), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
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 reported an amended Schedule 13G/A showing FMR LLC beneficially owns 13,650,247.89 shares of Class A common stock, representing 10.7% of that class. The filing lists sole voting power of 13,558,759.91 shares and sole dispositive power of 13,650,247.89 shares.
The filing is an ownership disclosure by an institutional holder and includes an Exhibit referencing a 13d-1(k)(1) agreement and a power of attorney incorporated by reference.
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 strong first quarter 2026 results, with total revenues rising 30.8% to $464.4 million from $355.2 million a year earlier, driven by new shop openings and higher traffic.
Systemwide same shop sales grew 8.3%, including a 5.1% increase in transactions, while company-operated same shop sales rose 10.6%. Net income was $23.7 million, essentially flat versus $22.5 million, and diluted EPS held at $0.13. Adjusted EBITDA increased 26.2% to $79.4 million.
On the back of this performance, Dutch Bros raised its 2026 outlook, now projecting $2.05–$2.08 billion in total revenues, same shop sales growth of 4–6%, Adjusted EBITDA of $370–$380 million, and at least 185 total system shop openings, while keeping capital expenditure expectations unchanged at $270–$290 million.
FMR LLC amended its Schedule 13G to report beneficial ownership of 9,545,796.39 shares of Dutch Bros Inc Class A common stock, representing 7.5% of the class. The filing names Abigail P. Johnson as having dispositive power and references a Power of Attorney effective April 13, 2026.
Dutch Bros Inc. executive chairman Travis Boersma, through affiliated entities, reported derivative conversions that increased indirect holdings of Class A Common Stock. DM Individual Aggregator, LLC acquired 3,445,200 shares, bringing its indirect position to 3,455,017 shares, while DM Trust Aggregator, LLC acquired 6,454,800 shares, raising its indirect position to 6,470,410 shares.
These shares were received upon conversion of Dutch Mafia, LLC Class A Common Units, which are exchangeable into Class A Common Stock on a one-for-one basis with no exercise price and no expiration, under Dutch Mafia’s amended and restated limited liability company agreement. A further 713,090 Class A Common Units remain indirectly held via DMI Holdco LLC. Boersma manages the DM entities and disclaims beneficial ownership beyond his pecuniary interest.
DM Individual Aggregator, LLC, a 10% owner of Dutch Bros Inc., reported a conversion of derivative securities into common stock. The entity converted 3,445,200 shares of Class A Common Units of Dutch Mafia, LLC into the same number of Class A Common Stock shares.
After the conversion, DM Individual Aggregator, LLC directly holds 3,455,017 shares of Class A Common Stock and 14,871,616 Class A Common Units of Dutch Mafia. The units are exchangeable for Class A Common Stock on a one-for-one basis without an exercise price and have no expiration date.
DM Trust Aggregator, LLC, a 10% owner of Dutch Bros Inc., converted 6,454,800 shares of Dutch Mafia, LLC Class A Common Units into the same number of Dutch Bros Class A Common Stock on April 27, 2026. After the conversion, DM Trust Aggregator directly holds 6,470,410 shares of Class A Common Stock. It also continues to hold 22,670,760 Class A Common Units of Dutch Mafia, which are exchangeable one-for-one into Class A Common Stock under specified conditions without any exercise price or expiration.
Dutch Bros Inc Schedule 13G: Vanguard Capital Management reports beneficial ownership of 6,659,327 shares of Common Stock, representing 5.24% of the class as of 03/31/2026. The filing shows sole dispositive power for 6,659,327 shares and sole voting power for 969,226 shares.
Dutch Bros Inc. — BlackRock reports a 9.3% stake. BlackRock, Inc. states it beneficially owned 11,818,137 shares of Dutch Bros Class A common stock as of 03/31/2026, with sole voting power over 11,446,263 shares and sole dispositive power over 11,818,137 shares. The filing is submitted on behalf of aggregated reporting business units of BlackRock and is signed by a Managing Director.
Dutch Bros Inc. disclosed that entities associated with Executive Chairman Travis Boersma underwent a recapitalization of Class A Common Units in Dutch Mafia, LLC, the operating company. On April 22, 2026, a reverse unit split canceled 33,022 shares of Class B Common Stock without consideration and reduced related Class A Common Units and paired Class B shares held by DM Trust Aggregator, LLC, DM Individual Aggregator, LLC and DMI Holdco LLC.