---
schema_version: "secwatch.filing_event.v1"
accession: "0001866581-22-000126"
form_type: "8-K"
ticker: "BROS"
cik: "0001866581"
company_name: "Dutch Bros Inc."
filed_at: "2022-11-09T23:59:59+00:00"
generated_at: "2026-06-22T02:08:55.872703+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Dutch Bros reports Q3 2022 results: revenue $198.6M, opens 38 shops, raises FY revenue guidance

## Summary
- Revenue increased 53% year-over-year to $198.6 million, beating expectations.
- Opened a record 38 new shops in Q3, with 34 company-operated across 11 states.
- Raised full-year 2022 total revenue guidance to at least $725 million.
- John Graham will step down as Chief Marketing Officer effective January 4, 2023, role to be eliminated.
- Company-operated shop gross margin improved to 20.0% in Q3, up 60 bps sequentially.

## SEC filing metadata
- accession: 0001866581-22-000126
- form_type: 8-K
- ticker: BROS
- cik: 0001866581
- company_name: Dutch Bros Inc.
- filed_at: 2022-11-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.02, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1866581/000186658122000126/0001866581-22-000126-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1866581/000186658122000126/bros-20221107.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001866581-22-000126
- JSON: https://secwatch.observer/filing/0001866581-22-000126.json
- Plain text: https://secwatch.observer/filing/0001866581-22-000126.txt

## Key facts
- Earnings Releases
  Dutch Bros Inc. reported the third quarter ended September 30, 2022 results: revenue $198.6 million, net income $1.6 million, EPS $0.03. Guidance raised.
  - Period: the third quarter ended September 30, 2022
  - Revenue: $198.6 million
  - Net income: $1.6 million
  - EPS: $0.03
  - Guidance: raised
  - Result: reported results
  source text: Announces Third Quarter 2022 Financial Results Opened a Record 38 Shops, Revenues Increased 53% Year-over-Year to $198.6 Million Raises Annual Guidance for Total Revenues Targets 150 New Shop Openings for 2023; Reaching 800 Shops by the End of Next Year GRANTS PASS, OREGON - November 9, 2022 - Dutch Bros Inc.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1866581/000186658122000126/0001866581-22-000126-index.htm
- Executive change
  John Graham departed as Chief Marketing Officer at Dutch Bros Inc..
  - Action: cease to be
  - Role: Chief Marketing Officer
  source text: On November 7, 2022 it was determined that John Graham will cease to be the Company’s Chief Marketing Officer effective as of January 4, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1866581/000186658122000126/0001866581-22-000126-index.htm

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