Dutch Bros Inc.
For the period ended Dec 31, 2025. Filed Feb 13, 2026.
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FY2025 · Filed Feb 13, 2026
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Item 2. Properties
As of December 31, 2025, we had 811 company-operated and 325 franchise shops with 1,136 total shops in 25 states. The chart below shows our properties by state as of December 31, 2025.
In addition to our company-operated shops, we own and lease the following facilities:
| Location | Primary Function(s) | Square Feet | Owned or Leased |
|---|---|---|---|
| Tempe (Phoenix), Arizona | Headquarters office space | 136,000 | Leased |
| Grants Pass, Oregon | Roasting and packing facility | 36,000 | Owned |
| Grants Pass, Oregon | Roasting and warehouse facility | 21,000 | Leased |
| Grants Pass, Oregon | Administration office space | 18,000 | Leased |
| Melissa, Texas | Roasting and packing facility | 65,000 | Owned |
Our principal executive offices are located at 1930 W. Rio Salado Pkwy, Tempe, Arizona, 85281. We believe our current facilities are suitable for our near-term needs. In addition, we expect to continue to add additional capacity on an as-needed basis.
For additional information regarding leases, see NOTE 2 — Basis of Presentation and Summary of Significant Accounting Policies and NOTE 8 — Leases in our consolidated financial statements, included elsewhere in this Form 10-K.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.