---
schema_version: "secwatch.filing_event.v1"
accession: "0001866581-25-000129"
form_type: "8-K"
ticker: "BROS"
cik: "0001866581"
company_name: "Dutch Bros Inc."
filed_at: "2025-05-07T23:59:59+00:00"
generated_at: "2026-05-22T09:08:28.084981+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Dutch Bros Q1 revenue up 29% to $355M; same-shop sales +6.9%; FY guidance trending to top half

## Summary
- Revenue $355.2M (+29.1% YoY); net income $22.5M, diluted EPS $0.13.
- System same-shop sales +4.7% (company-operated +6.9%); transactions +1.3% system.
- Adjusted EBITDA $62.9M (+19.7% YoY); adjusted net income $0.14 per fully exchanged share.
- Opened 30 new shops in Q1; FY 2025 guidance: revenue $1.555-$1.575B, at least 160 new shops.
- Management says 2025 trends toward top half of guidance ranges.

## SEC filing metadata
- accession: 0001866581-25-000129
- form_type: 8-K
- ticker: BROS
- cik: 0001866581
- company_name: Dutch Bros Inc.
- filed_at: 2025-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/1866581/000186658125000129/0001866581-25-000129-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1866581/000186658125000129/bros-20250507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001866581-25-000129
- JSON: https://secwatch.observer/filing/0001866581-25-000129.json
- Plain text: https://secwatch.observer/filing/0001866581-25-000129.txt

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