---
schema_version: "secwatch.filing_event.v1"
accession: "0001866581-21-000010"
form_type: "8-K/A"
ticker: "BROS"
cik: "0001866581"
company_name: "Dutch Bros Inc."
filed_at: "2021-11-17T23:59:59+00:00"
generated_at: "2026-06-28T07:30:46.750671+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Dutch Bros Q3 revenues up 49.8% to $129.8M; net loss $117.1M on IPO comp charge

## Summary
- Company-operated shops revenue rose 62.9% to $108.7M; system same-shop sales grew 7.3%.
- Net loss of $117.1M ($0.15 diluted loss) includes $124.8M non-cash equity-based compensation from IPO.
- Adjusted net income was $11.0M ($0.07 per diluted share), down from $16.2M in prior-year quarter.
- Adjusted EBITDA declined 2.6% to $20.6M due to abnormally low discounts during COVID in prior year.
- Surpassed 500 shops; reiterated long-term potential of at least 4,000 shops nationwide.

## SEC filing metadata
- accession: 0001866581-21-000010
- form_type: 8-K/A
- ticker: BROS
- cik: 0001866581
- company_name: Dutch Bros Inc.
- filed_at: 2021-11-17T23:59:59+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/1866581/000186658121000010/0001866581-21-000010-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1866581/000186658121000010/bros-20211117.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001866581-21-000010
- JSON: https://secwatch.observer/filing/0001866581-21-000010.json
- Plain text: https://secwatch.observer/filing/0001866581-21-000010.txt

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