Dutch Bros Inc.
For the period ended Sep 30, 2026. Filed Nov 5, 2026.
View on SEC.govAbout this filing
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.
Sep 30, 2026 · Filed Nov 5, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Glossary
As used in this Quarterly Report on Form 10-Q (this Form 10-Q), the terms identified below have the meanings specified below unless otherwise noted or the context requires otherwise. References in this Form 10-Q to “Dutch Bros,” the “Company,” “we,” “us” and “our” refer to Dutch Bros Inc. and its consolidated subsidiaries unless the context indicates otherwise.
| Term | Definition |
|---|---|
| 2022 Credit Facility | Has the meaning set forth in NOTE 9 — Debt to the condensed consolidated financial statements, included elsewhere in this Form 10-Q |
| 2025 Credit Facility | Has the meaning set forth in NOTE 9 — Debt to the condensed consolidated financial statements, included elsewhere in this Form 10-Q |
| AOCI | Accumulated Other Comprehensive Income |
| ASC | Accounting Standards Codification |
| ASU | Accounting Standards Update |
| AUV | Average Unit Volume |
| BPS or bps | Basis points, which is used to express differences in rates. One basis point is the equivalent of 1/100 of one percent |
| CEO | Chief Executive Officer |
| CODM | Chief Operating Decision Maker |
| Co-Founder | Travis Boersma, our Executive Chairman and Co-Founder, and affiliated entities over which he maintains voting control |
| Continuing Members | The Co-Founder and the Sponsor |
| Dutch Bros OpCo | Dutch Mafia, LLC, a Delaware limited liability company and direct subsidiary of Dutch Bros Inc. |
| Dutch Bros Inc. | A Delaware corporation, the Class A common stock of which is publicly traded on the New York Stock Exchange under the symbol “BROS” |
| EBITDAR | Earnings before interest, taxes, depreciation, amortization, and rent costs |
| FASB | Financial Accounting Standards Board |
| GAAP | U.S. Generally Accepted Accounting Principles |
| IPO | Initial Public Offering |
| N/A | Not applicable |
| N/M | Not meaningful |
| OpCo LLC Agreement | The Fifth Amended and Restated Limited Liability Company Agreement of Dutch Bros OpCo |
| OpCo Units | Class A common units, Class B voting units and Class C voting units of Dutch Bros OpCo, each as further defined in the OpCo LLC Agreement, collectively |
| PSU | Performance Restricted Stock Units |
| RSU | Restricted Stock Units |
| Same Shop Sales | The estimated percentage change in year-over-year sales, for the comparable shop base, which we define as shops open for 15 complete months or longer as of the first day of the reporting period |
| SEC | Securities and Exchange Commission |
| SOFR | Secured Overnight Financing Rate |
| Sponsor | TSG Consumer Partners, L.P. and certain of its affiliates |
| Tax Receivable Agreements (TRAs) | The Tax Receivable Agreement (Exchanges) that Dutch Bros Inc. entered into with the Continuing Members and the Tax Receivable Agreement (Reorganization) that Dutch Bros Inc. entered into with TSG7 A AIV VI Holdings-A, L.P. and DG Coinvestor Blocker Aggregator, L.P. or their assignees or successors, in connection with the IPO |
Dutch Bros, our Windmill logo (), Dutch Bros Rebel, and our other registered and common law trade names, trademarks and service marks are the property of Dutch Bros Inc. All other trademarks, trade names, and service marks appearing in this Form 10-Q are the property of their respective owners. Solely for convenience, the trademarks and trade names in this Form 10-Q may be referred to without the ® and ™ symbols, but such references should not be construed as any indicator that their respective owners will not assert their rights thereto.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.