---
schema_version: "secwatch.filing_event.v1"
accession: "0001866581-25-000035"
form_type: "8-K"
ticker: "BROS"
cik: "0001866581"
company_name: "Dutch Bros Inc."
filed_at: "2025-02-12T23:59:59+00:00"
generated_at: "2026-05-26T23:01:01.804280+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Dutch Bros Q4 revenue up 35% to $342.8M; net income $6.4M vs loss; guides 2025 rev $1.555-1.575B

## Summary
- Q4 system same-shop sales +6.9%, company-operated +9.5%; transaction growth +2.3% (largest in 2+ years).
- Full-year net income $66.5M vs $10.0M in 2023; adjusted EBITDA $230.3M (+43.9%).
- 2025 guidance: rev $1.555-1.575B, same-shop sales +2-4%, at least 160 new shops, adj. EBITDA $265-275M.
- Q4 company-operated shop gross margin 21.4% (up 280 bps YoY); shop contribution margin 28.9% (up 240 bps).

## SEC filing metadata
- accession: 0001866581-25-000035
- form_type: 8-K
- ticker: BROS
- cik: 0001866581
- company_name: Dutch Bros Inc.
- filed_at: 2025-02-12T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1866581/000186658125000035/0001866581-25-000035-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1866581/000186658125000035/bros-20250212.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001866581-25-000035
- JSON: https://secwatch.observer/filing/0001866581-25-000035.json
- Plain text: https://secwatch.observer/filing/0001866581-25-000035.txt

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