Dutch Bros Inc.
For the period ended Mar 31, 2025. Filed May 8, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 8, 2025
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Selling, General, and Administrative
| Three Months Ended March 31, | ||||
|---|---|---|---|---|
| (dollars in thousands; unaudited) · 2025 · 2024 · 2025 v. 2024 | ||||
| Selling, General, and Administrative | $58,921 | $46,194 | $12,727 | 27.6% |
| As a percentage of total revenues | 16.6% | 16.8% | N/A | (20) bps |
The selling, general, and administrative increase of approximately $12.7 million was primarily driven by increased expenses of $6.6 million consisting of investments in human capital to support our revenue growth and higher performance-based compensation; an increase of $2.0 million due to higher equity-based compensation; and $6.5 million of increased professional fees and technology services to support our growing business. These increases were partially offset by lower realignment and restructuring charges of $1.4 million and nonrecurring equity offering expenses of $1.0 million.
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