---
schema_version: "secwatch.filing_event.v1"
accession: "0001866581-25-000226"
form_type: "8-K"
ticker: "BROS"
cik: "0001866581"
company_name: "Dutch Bros Inc."
filed_at: "2025-11-05T23:59:59+00:00"
generated_at: "2026-05-17T00:25:00.143404+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Dutch Bros Q3 revenue +25% to $423.6M; raises FY revenue and SSS guidance

## Summary
- Q3 revenue $423.6M (+25.2% YoY); net income $27.3M vs $21.7M; diluted EPS $0.14.
- Company-operated same-shop sales +7.4% (transactions +6.8%); systemwide SSS +5.7%.
- Adjusted EBITDA $78.0M (+22.3%); adjusted net income $0.19 per diluted fully exchanged share.
- FY 2025 revenue guidance raised to ~$1.61-1.615B; same-shop sales guidance raised to ~5%.
- Opened 38 new shops in Q3; 2026 target ~175 shop openings.

## SEC filing metadata
- accession: 0001866581-25-000226
- form_type: 8-K
- ticker: BROS
- cik: 0001866581
- company_name: Dutch Bros Inc.
- filed_at: 2025-11-05T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1866581/000186658125000226/0001866581-25-000226-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1866581/000186658125000226/bros-20251105.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001866581-25-000226
- JSON: https://secwatch.observer/filing/0001866581-25-000226.json
- Plain text: https://secwatch.observer/filing/0001866581-25-000226.txt

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