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QSR & Coffee

Dutch Bros

Parent: Dutch Bros Inc. · Public; company-operated and franchised

NYSE: BROS$36.01+6.6%close Nov. 9, 2026
Credit ratingNot rated
AAAAAABBBBBBCCCD

No verified agency rating.

Founded1992Source: Wikidata
Employees23,000as of 2025; source: Wikidata
Locations1,225June 30, 2026; source: Dutch Bros Form 10-Q (XBRL)
HeadquartersTempe, ArizonaQSR & Coffee

New Initiatives

How the real estate strategy is changing: openings, closures, formats, remodels, relocations and refranchising.

Dutch Bros operates drive-thru coffee shops, mostly in the western and southern United States. New shops are now largely company-operated, typically on small pad sites with double drive-thru lanes.

Store count

1,225 as of June 30, 2026
+16.9%/yr annualized over 2.5 yrs (Dec 2023 to Jun 2026)
  1. 5382021
  2. 6712022
  3. 8312023
  4. 9822024
  5. 1,1362025
  6. 1,225Latest

Counts as reported at each period end. Sources: BROS 10-K filed 2024-02-23; BROS 10-K filed 2025-02-13; BROS 10-K filed 2026-02-13; Dutch Bros Form 10-Q (XBRL) and 2 earlier sources.

Ownership history

  1. 2021

    Dutch Bros IPO Source: Wikipedia: Dutch Bros Coffee

SEC Filings

Annual reports filed by Dutch Bros Inc.. All filings on EDGAR

PeriodFormFiledDocument
Fiscal year ended Dec. 31, 202510-KFeb. 13, 2026View on sec.gov
Fiscal year ended Dec. 31, 202410-KFeb. 13, 2025View on sec.gov
Fiscal year ended Dec. 31, 202310-KFeb. 23, 2024View on sec.gov
Fiscal year ended Dec. 31, 202210-KFeb. 27, 2023View on sec.gov
Latest quarter, period ended Sept. 30, 202610-QNov. 5, 2026View on sec.gov

Credit ratings

AgencyRatingOutlookAs ofSource
S&P GlobalUnavailableNot verifiedNot verified
Moody’sUnavailableNot verifiedNot verified

Share prices, Yahoo Finance, as of Nov. 9, 2026. Bond index yields and spreads, ICE BofA US corporate and high yield indices, ICE Data Indices, LLC, via FRED, Federal Reserve Bank of St. Louis. 10-year yield, U.S. Department of the Treasury.

QSR & Coffee

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