Dutch Bros Inc.
For the period ended Mar 31, 2025. Filed May 8, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 8, 2025
BROS$35.29-2.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Stockholders’ Equity
| Three Months Ended March 31, 2025 | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dutch Bros. Inc. Stockholders’ Equity | |||||||||||
| Class ACommon Stock · Class BCommon Stock · Class CCommon Stock | |||||||||||
| (in thousands; unaudited) | Shares | Amount | Shares | Amount | Shares | Amount | Additional Paid-in-Capital | Accumulated Other Comprehensive Income | Retained Earnings | Non-Controlling Interests | Total Equity |
| Balance, December 31, 2024 | 115,432 | $1 | 35,227 | $— | 3,545 | $— | $517,074 | $628 | $19,666 | $226,496 | $763,865 |
| Net income | — | — | — | — | — | — | — | — | 15,353 | 7,127 | 22,480 |
| Unrealized loss on derivative securities, effective portion, net of income tax benefit of $93 | — | — | — | — | — | — | (96) | (190) | — | (159) | (445) |
| Equity-based compensation expense | — | — | — | — | — | — | 2,900 | — | — | 1,294 | 4,194 |
| Issuance of Class A common stock pursuant to vesting of equity awards, net of stock withheld for tax and forfeitures | 295 | — | — | — | — | — | (7,771) | — | — | (3,247) | (11,018) |
| Issuance of Class A common stock for conversion of Dutch Bros OpCo Class A common units, and for surrender and cancellation of Class C common stock, pursuant to exchange transactions | 9,447 | — | — | — | (1,197) | — | — | — | — | — | — |
| Effect of equity transactions of Dutch Bros OpCo Class A common units | — | — | — | — | — | — | 34,267 | — | — | (34,267) | — |
| Impacts of Tax Receivable Agreements | — | — | — | — | — | — | 17,226 | — | — | — | 17,226 |
| Reverse Split transaction pursuant to OpCo Recapitalization | — | — | (16) | — | (1) | — | — | — | — | — | — |
| Balance, March 31, 2025 | 125,174 | 1 | 35,211 | — | 2,347 | — | 563,600 | 438 | $35,019 | $197,244 | $796,302 |
Condensed Consolidated Statements of Stockholders’ Equity (continued)
| Three Months Ended March 31, 2024 | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dutch Bros. Inc. Stockholders’ Equity | |||||||||||||
| Class ACommon Stock · Class BCommon Stock · Class CCommon Stock · Class DCommon Stock | |||||||||||||
| (in thousands; unaudited) | Shares | Amount | Shares | Amount | Shares | Amount | Shares | Amount | Additional Paid-in-Capital | Accumulated Other Comprehensive Income | Accumulated Deficit | Non-Controlling Interests | Total Equity |
| Balance, December 31, 2023 | 69,958 | $1 | 60,629 | $1 | 35,864 | $— | 10,669 | $— | $379,391 | $544 | $(15,592) | $311,576 | $675,921 |
| Net income | — | — | — | — | — | — | — | — | — | — | 7,062 | 9,153 | 16,215 |
| Unrealized gain on derivative securities, effective portion, net of income tax expense of $79 | — | — | — | — | — | — | — | — | (135) | 381 | — | 293 | 539 |
| Equity-based compensation expense | — | — | — | — | — | — | — | — | 991 | — | — | 942 | 1,933 |
| Issuance of Class A common stock pursuant to vesting of equity awards, net of stock withheld for tax and forfeitures | 58 | — | — | — | — | — | — | — | 1,867 | — | — | (2,742) | (875) |
| Issuance of Class A common stock in exchange for surrender and cancellation of Class D common stock, and conversion of Dutch Bros OpCo Class A common units for surrender and cancellation of Class B and C common stock, pursuant to exchange transactions | 16,559 | — | (558) | — | (11,985) | — | (4,016) | — | — | — | — | — | — |
| Effect of equity transactions of Dutch Bros OpCo Class A common units | — | — | — | — | — | — | — | — | 40,377 | — | — | (40,377) | — |
| Impacts of Tax Receivable Agreements | — | — | — | — | — | — | — | — | 2,230 | — | — | — | 2,230 |
| Balance, March 31, 2024 | 86,575 | 1 | 60,071 | 1 | 23,879 | — | 6,653 | — | 424,721 | 925 | $(8,530) | $278,845 | $695,963 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.