{"schema_version":"secwatch.filing_event.v1","accession":"0001866581-24-000032","form_type":"8-K","ticker":"BROS","cik":"0001866581","company_name":"Dutch Bros Inc.","filed_at":"2024-02-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.156858+00:00","generated_at":"2026-06-05T22:22:44.104071+00:00","sec_items":["2.02","2.03","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Dutch Bros Q4 revenue up 26% to $254M; system same-shop sales +5%; draws $150M; guides FY24 revenue $1.19-1.20B","bullets":["Q4 total revenue $254.1M (+25.9% YoY); system same-shop sales +5.0%; FY23 revenue $965.8M (+30.7%), adjusted EBITDA $160.1M (+75.5%).","Net loss per diluted share $0.02 (Q4) and $0.03 (FY23); adjusted net income per fully exchanged share $0.04 (Q4) and $0.30 (FY23).","FY24 outlook: revenue $1.190-1.205B, adjusted EBITDA $185-195M, shop openings 150-165; low single-digit same-shop sales growth.","Drew $150M delayed draw term loan on Feb 20; $50M remains available until Feb 2025; proceeds for general corporate purposes and new shops.","Arizona support center expansion: ~40% of support staff in AZ by Jan 2025; estimated costs $24-31M plus $6-10M capex."],"urls":{"canonical":"https://secwatch.observer/filing/0001866581-24-000032","json":"https://secwatch.observer/filing/0001866581-24-000032.json","markdown":"https://secwatch.observer/filing/0001866581-24-000032.md","text":"https://secwatch.observer/filing/0001866581-24-000032.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1866581/000186658124000032/0001866581-24-000032-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1866581/000186658124000032/bros-20240220.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T22:22:44.104071+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"9471ceb23cee4f8ff5d19df1e56b3c915336e578","claim":"Dutch Bros Inc. incurred term loan of $150 million with JPMorgan Chase Bank, N.A. (as administrative agent) and other lenders maturing February 28, 2027.","evidence_excerpt":"On February 20, 2024, certain Company subsidiaries drew $150 million on the delayed draw term loan facility under the existing senior secured credit facility, dated February 28, 2022, with JPMorgan Chase Bank, N.A. as administrative agent and other financial institutions as the lenders party thereto (as amended, the “2022 Credit Facility”), before this portion was set to expire on February 28, 2024.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1866581/000186658124000032/0001866581-24-000032-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$150 million"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A. (as administrative agent) and other lenders"},{"label":"Maturity","value":"February 28, 2027"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"263e411b338a3a62917d62653ed8a657b89427ca","claim":"Dutch Bros Inc. reported the fourth quarter and year ended December 31, 2023 results: revenue $254.1 million, net income Net loss was $3.8 million, EPS Net loss per share ... was $0.02.","evidence_excerpt":"Dutch Bros Inc. Reports Fourth Quarter 2023 Financial Results Achieves $254 million in Revenue in Quarter, a 26% Increase Year-over-Year","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1866581/000186658124000032/0001866581-24-000032-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter and year ended December 31, 2023"},{"label":"Revenue","value":"$254.1 million"},{"label":"Net income","value":"Net loss was $3.8 million"},{"label":"EPS","value":"Net loss per share ... was $0.02"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}