---
schema_version: "secwatch.filing_event.v1"
accession: "0001866581-21-000004"
form_type: "8-K"
ticker: "BROS"
cik: "0001866581"
company_name: "Dutch Bros Inc."
filed_at: "2021-11-10T23:59:59+00:00"
generated_at: "2026-06-28T10:16:21.385023+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Dutch Bros Q3 revenue up 49.8% to $129.8M; net loss $117.1M on IPO comp, adj. net income $11.0M

## Summary
- Total revenue $129.8M (+49.8% YoY); company-operated shop revenue $108.7M (+62.9%).
- System same shop sales +7.3% (two-year +10.7%); company-operated same shop sales +4.7%.
- Net loss $(117.1)M ($0.15 diluted) includes $124.8M non-cash IPO comp; adjusted net income $11.0M ($0.23).
- Opened 33 new shops (30 company-operated); surpassed 500 shops; reiterated potential for 4,000+ stores.
- Adjusted EBITDA $20.6M (-2.6% YoY); company-operated shop contribution ex items +23.8% to $27.1M.

## SEC filing metadata
- accession: 0001866581-21-000004
- form_type: 8-K
- ticker: BROS
- cik: 0001866581
- company_name: Dutch Bros Inc.
- filed_at: 2021-11-10T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1866581/000186658121000004/0001866581-21-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1866581/000186658121000004/bros-20211110.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001866581-21-000004
- JSON: https://secwatch.observer/filing/0001866581-21-000004.json
- Plain text: https://secwatch.observer/filing/0001866581-21-000004.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.