Dutch Bros Inc.
For the period ended Jun 30, 2025. Filed Aug 7, 2025.
View on SEC.govAbout this filing
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.
Jun 30, 2025 · Filed Aug 7, 2025
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Income Tax Expense
| Three Months Ended June 30, · Six Months Ended June 30, | ||||||||
|---|---|---|---|---|---|---|---|---|
| (dollars in thousands; unaudited) · 2025 · 2024 · 2025 v. 2024 · 2025 · 2024 · 2025 v. 2024 | ||||||||
| Income tax expense | $7,243 | $3,860 | $3,383 | 87.6% | $8,702 | $12,632 | $(3,930) | (31.1)% |
| Effective tax rate | 15.9% | 14.8% | N/A | N/A | 12.5% | 24.8% | N/A | N/A |
The increase in the effective tax rate to 15.9% from 14.8% in the same period in 2024 is due to the increase in our economic interest of Dutch Bros OpCo.
The decrease in the effective tax rate to 12.5% from 24.8% in the same period in 2024 is due to tax deductions related to stock-based compensation, as well as a change in state earnings mix that occurred in 2024.
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