Dutch Bros Inc.
BROS
Jodie read · what matters now
Revenue increased 30.8% versus the comparable filing period.
The story is only the start. Jodie keeps watching the filing evidence, the companies connected to BROS, and whether its market group begins moving.
Latest filing assessment · baseline
The latest filing presents a mixed picture
10-Q filed 2026-05-06 against the comparable filing from 2025-05-08.
What improved
- Revenue increased 30.8% versus the comparable filing period.
What weakened
- Operating margin fell 1.4 percentage points.
- Net margin fell 0.9 percentage points.
- Operating cash flow was 5.26x net income; review non-cash and one-time items before treating this as recurring conversion.
Filing receipts
“2025 The selling, general, and administrative increase of approximately $14.3 million was primarily driven by increased expenses of $6.0 million consisting of investments in human capital to support our revenue growth along with higher performance-based compensation; $2.0 million of increased donations related to our philanthropic activities; an increase of $1.8 million related to advertising; and $1.4 million of increased professional fees and services to support business growth.”
“Investing Activities The increase in investing activities cash outflows was primarily driven by higher i nvestment in capital expenditures due to new company-operated shops openings in the current period compared to the same period in the prior year and acquisition of Clutch Coffee assets.”
“2025 As a percentage of company-operated shops revenues, labor costs decreased by 120 basis points primarily due to sales leverage and the impact of pricing.”
Retrospective baseline calibration. It was generated after the filing date and is not part of Jodie's live track record.
Who this business touches
The relationships behind BROS
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
Depended on by
Filing peers
Companies whose filings use similar operating language.
You can see the shape of the network here. Pro opens 3 more links, the original filing receipts, and alerts when connected names begin moving. See Pro →
What is moving around it
Live connections
BROS is currently a Participant in the organic co-movement group Healthcare Diagnostics. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
Theme membership history
No durable theme membership has been observed for this name yet.