Dutch Bros Inc.
For the period ended Mar 31, 2026. Filed May 6, 2026.
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.
Mar 31, 2026 · Filed May 6, 2026
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Income Tax Expense
| Three Months Ended March 31, | ||||
|---|---|---|---|---|
| (dollars in thousands; unaudited) · 2026 · 2025 · 2026 v. 2025 | ||||
| Income tax expense | $3,341 | $1,459 | $1,882 | 129.0% |
| Effective tax rate | 12.4% | 6.1% | N/A | N/A |
The effective tax rate increased to 12.4% from 6.1% in the prior-year period, primarily driven by a reduction in excess tax benefits related to stock-based compensation in 2026 compared to 2025. Stock-based compensation related to vestings had a lower grant price compared to the fair market value at vesting in 2025 compared to 2026.
See NOTE 12 — Income Taxes for additional details.
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