Dutch Bros (BROS) risk factors, FY2025 10-K

Dutch Bros's FY2025 10-K, filed Feb 13, 2026, lists 95 risk factors in 7 groups. Against the prior year's 83: 14 new, 2 dropped, 57 substantially reworded.

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Risk factors listed
957 groups
New this year
14vs 83 last year
Dropped
2since the prior 10-K
Substantially reworded
57of those kept
Section length
33k wordsItem 1A

What the changes say

  • Dutch Bros faces new supply chain and tariff risks affecting coffee beans and dairy.
  • AI integration and compliance costs under California climate laws are newly highlighted.
  • Tax receivable agreements and concentrated co-founder voting control remain key governance risks.

What changed since the prior 10-K

New

  • NewRisks Related to Our Business

    of any partnership to promote or market our products, and we may face negative public sentiment due to such relationships

    Merchandise releases can cause product scarcity and social media backlash, while competition from other coffee shops and delivery services intensifies.

  • NewRisks Related to Our Business

    The rapid development and integration of AI technologies into our processes presents several risks to our business

    Integrating AI technologies introduces risks of false outputs, data security breaches, and an evolving regulatory landscape.

  • NewRisks Related to Regulation and Litigation

    Substantial new U.S. tariffs and other restrictive trade policies have created a dynamic and unpredictable trade landscape, which may adversely impact our business

    New U.S. tariffs and trade policies may raise the costs of imported green coffee beans and construction materials, squeezing margins.

  • NewRisks Related to Regulation and Litigation

    Ongoing uncertainty regarding trade policies may also complicate our short- and long-term strategic planning, and that of our suppliers and distributors, including decisions regarding hiring, product strategy, capital investment, supply chain design, and geographic expansion

    Trade policy uncertainty complicates strategic planning for hiring, capital investment, and supply chain design.

  • NewRisks Related to Our Organizational Structure

    The Tax Receivable Agreements with the Continuing Members and Pre-IPO Blocker Holders require Dutch Bros Inc. to make cash payments to them in respect of certain tax benefits to which it may become entitled, and such payments may be substantial

    Tax Receivable Agreements require Dutch Bros to make substantial cash payments to continuing members and pre-IPO blocker holders.

  • NewRisks Related to Ownership of Our Class A Common Stock

    Dutch Bros Inc.| Form 10-K | 56

    Class B supervoting stock gives the co-founder 10-to-1 voting power control, excluding the stock from S&P and FTSE indices.

  • NewGeneral Risks

    Any one or more of the factors above may result in significant fluctuations in our results of operations, which may negatively impact the trading price of our Class A common stock. You should not rely on our past results as an indicator of our future performance

    Outstanding indebtedness could materially and adversely affect financial condition and the ability to pursue growth strategies.

  • NewGeneral Risks

    Dutch Bros Inc.| Form 10-K | 61

    Material weaknesses in internal controls over financial reporting could harm market confidence, stock price, and regulatory standing.

  • NewGeneral Risks

    terms, our ability to continue to support our business growth or to respond to business opportunities, challenges, or unforeseen circumstances would be adversely affected

    Holding cash balances exceeding FDIC limits at financial institutions exposes the company to uninsured losses if a bank fails.

  • NewGeneral Risks

    Dutch Bros Inc.| Form 10-K | 64

    Exclusive forum provisions designate federal district courts for Securities Act claims, potentially increasing litigation resolution costs.

  • NewGeneral Risks

    Dutch Bros Inc.| Form 10-K | 65

    Delaware law and corporate governance provisions may deter takeovers and limit opportunities for stockholders to receive a premium.

  • NewGeneral Risks

    Labor discord or disruption, geopolitical events, social unrest, war, acts of terrorism, political instability, acts of public violence, boycotts, hostilities and social unrest, and other health pandemics that lead to avoidance of public places or cause people to stay at home could harm our business

    Wildfires, extreme weather, and utility disruptions can damage operations and increase utility costs.

  • NewGeneral Risks

    Climate change and volatile adverse weather conditions could adversely affect our shop sales or results of operations

  • NewGeneral Risks

    Dutch Bros Inc.| Form 10-K | 66

Dropped

  • DroppedRisks Related to Ownership of Our Class A Common Stock

    Certain of our directors have in the past and may in the future have relationships with our Sponsor, which may cause conflicts of interest with respect to our business

  • DroppedGeneral Risks

    Catastrophic events may disrupt our business

Reworded

  • 100% rewrittenRisks Related to Our Business

    Dutch Bros Inc.| Form 10-K | 28

    Replaced beverage health scrutiny with supplier concentration risks, specifically highlighting co-packers Portland Bottling Co. and Lieb Foods for Rebel energy drinks representing 22% of systemwide net sales.

    Was: Dutch Bros Inc.| Form 10-K | 19

  • 100% rewrittenRisks Related to Our Business

    Dutch Bros Inc.| Form 10-K | 29

    Replaced limited merchandise risks with specific commodity cost pressures on dairy, milk, cocoa, sugar, and packaging materials.

    Was: Dutch Bros Inc.| Form 10-K | 20

  • 100% rewrittenRisks Related to Our Business

    Dutch Bros Inc.| Form 10-K | 30

    Replaced remote workforce uncertainties with the need to expand customer service personnel and systems as the customer base grows.

  • 100% rewrittenRisks Related to Our Business

    Dutch Bros Inc.| Form 10-K | 33

    Replaced franchise communicable disease quarantine risks with inadequate insurance coverage risks for security incidents and breaches.

  • 100% rewrittenRisks Related to Our Brand

    Dutch Bros Inc.| Form 10-K | 35

    Replaced new market sales stabilization details with risks from business incidents that erode consumer trust and trigger boycotts via social media.

    Was: Dutch Bros Inc.| Form 10-K | 22

  • 100% rewrittenRisks Related to Our Brand

    Dutch Bros Inc.| Form 10-K | 36

    Replaced trademark enforcement litigation risks with ESG monitoring costs and compliance requirements under California SB 261 and SB 253.

  • 100% rewrittenRisks Related to Our Brand

    Dutch Bros Inc.| Form 10-K | 38

    Replaced co-employer employee claims with PCI DSS compliance requirements and potential payment card security breach fines.

    Was: Dutch Bros Inc.| Form 10-K | 24

  • 100% rewrittenRisks Related to Our Brand

    Dutch Bros Inc.| Form 10-K | 39

    Replaced FTC franchise law compliance risks with payment system vulnerabilities to money laundering, economic sanctions, and fraud.

    Was: Dutch Bros Inc.| Form 10-K | 42

  • 100% rewrittenRisks Related to Regulation and Litigation

    Dutch Bros Inc.| Form 10-K | 45

    Was: Dutch Bros Inc.| Form 10-K | 54

  • 100% rewrittenRisks Related to Regulation and Litigation

    Dutch Bros Inc.| Form 10-K | 46

  • 100% rewrittenRisks Related to Regulation and Litigation

    Dutch Bros Inc.| Form 10-K | 47

    Was: Dutch Bros Inc.| Form 10-K | 57

  • 100% rewrittenRisks Related to Regulation and Litigation

    Dutch Bros Inc.| Form 10-K | 48

  • 100% rewrittenRisks Related to Our Organizational Structure

    Dutch Bros Inc.| Form 10-K | 51

    Was: Dutch Bros Inc.| Form 10-K | 58

  • 100% rewrittenRisks Related to Our Organizational Structure

    Dutch Bros Inc.| Form 10-K | 53

  • 100% rewrittenRisks Related to Ownership of Our Class A Common Stock

    Dutch Bros Inc.| Form 10-K | 55

    Was: Dutch Bros Inc.| Form 10-K | 63

  • 100% rewrittenGeneral Risks

    Dutch Bros Inc.| Form 10-K | 59

  • 100% rewrittenGeneral Risks

    Dutch Bros Inc.| Form 10-K | 60

  • 100% rewrittenGeneral Risks

    Dutch Bros Inc.| Form 10-K | 62

  • 100% rewrittenRisks Related to Regulation and Litigation

    Dutch Bros Inc.| Form 10-K | 44

  • 100% rewrittenRisks Related to Our Brand

    Dutch Bros Inc.| Form 10-K | 37

  • 100% rewrittenRisks Related to Regulation and Litigation

    Dutch Bros Inc.| Form 10-K | 49

  • 100% rewrittenRisks Related to Our Organizational Structure

    Dutch Bros Inc.| Form 10-K | 50

  • 99% rewrittenRisks Related to Our Organizational Structure

    Dutch Bros Inc.| Form 10-K | 52

  • 99% rewrittenRisks Related to Regulation and Litigation

    Dutch Bros Inc.| Form 10-K | 43

  • 93% rewrittenRisks Related to Our Business

    We have a limited history of operating with a dispersed workforce and the long-term impact on our financial results and business operations are uncertain

  • 87% rewrittenRisks Related to Our Brand

    Our success depends substantially on the value of our brand and failure to preserve its value could have a negative impact on our financial results

  • 82% rewrittenRisks Related to Our Business

    Pandemics or disease outbreaks have had, and may continue to have, an effect on our business and results of operations

  • 76% rewrittenRisks Related to Regulation and Litigation

    Beverage and restaurant companies have been the target of class action lawsuits and other proceedings that are costly, divert management attention and, if successful, could result in our payment of substantial damages or settlement costs

  • 74% rewrittenGeneral Risks

    As of December 31, 2025, we had $148.1 million outstanding under our term loan facility. In addition, subject to certain restrictions under the 2025 Credit Facility, we may incur additional debt

    Was: As of December 31, 2024, we had $234.7 million outstanding under our term loan facility. In addition, subject to certain restrictions under the 2022 Credit Facility, we may incur additional debt

  • 73% rewrittenGeneral Risks

    There are provisions in our amended and restated certificate of incorporation and amended and restated bylaws that may make it difficult for a third party to acquire, or attempt to acquire, control of our company, even if a change in control was considered favorable by our stockholders

  • 68% rewrittenGeneral Risks

    If we fail to maintain effective internal controls, we may be unable to produce timely and accurate financial statements, and we may conclude that our internal control over financial reporting is not effective, which could adversely impact our investors’ confidence and our Class A common stock price

  • 66% rewrittenGeneral Risks

    We may need additional capital, and we cannot be sure that additional financing will be available

  • 64% rewrittenRisks Related to Our Business

    Interruption of our supply chain of coffee, flavored syrups or other ingredients, coffee machines, and other restaurant equipment or packaging could affect our ability to produce or deliver our products and could negatively impact our business and profitability

  • 62% rewrittenRisks Related to Ownership of Our Class A Common Stock

    Additional stock issuances (including pursuant to the redemption or exchange of Dutch Bros OpCo Class A common units from our Continuing Members) could result in significant dilution to our stockholders and cause the trading price of our Class A common stock to decline

  • 58% rewrittenRisks Related to Our Business

    Evolving consumer preferences and tastes or changes in consumer spending may adversely affect our business

  • 57% rewrittenRisks Related to Our Business

    Dutch Bros Inc.| Form 10-K | 32

  • 54% rewrittenRisks Related to Our Business

    New shops, once opened, may not be profitable or may close, and the increases in average per shop revenue and comparable sales that we have experienced in the past may not be indicative of future results

  • 52% rewrittenGeneral Risks

    Restrictions imposed by our outstanding indebtedness and any future indebtedness may limit our ability to operate our business, execute our growth strategy, and finance our future operations or capital needs or engage in other business activities

  • 51% rewrittenRisks Related to Our Business

    Damage to our brand or reputation or negative publicity could negatively impact our business

  • 50% rewrittenRisks Related to Our Business

    Dutch Bros Inc.| Form 10-K | 26

  • 50% rewrittenRisks Related to Our Business

    Our strategic initiatives and growth strategy may be unsuccessful which could adversely affect our business and financial results

  • 47% rewrittenRisks Related to Our Business

    We are subject to the risks associated with leasing space subject to long-term non-cancelable leases and, with respect to the real property that we own, owning real estate

  • 47% rewrittenRisks Related to Our Business

    Our marketing programs may not be successful, and our new menu items, advertising campaigns, and other initiatives may not generate increased revenues or profits

  • 47% rewrittenRisks Related to Our Business

    Dutch Bros Inc.| Form 10-K | 31

  • 46% rewrittenRisks Related to Our Business

    Increases or sustained inflation in the cost of high-quality arabica coffee beans, dairy, or other commodities or decreases in the availability of high-quality arabica coffee beans, dairy, or other commodities could have an adverse impact on our business and financial results

  • 45% rewrittenGeneral Risks

    A failure to establish and maintain an effective system of disclosure controls and internal control over financial reporting, could adversely affect our ability to produce timely and accurate financial statements or comply with applicable regulations

  • 45% rewrittenRisks Related to Our Organizational Structure

    In certain cases, payments under the Tax Receivable Agreements may be accelerated and/or significantly exceed the actual benefits Dutch Bros Inc. realizes in respect of the tax attributes subject to the Tax Receivable Agreements

  • 42% rewrittenRisks Related to Our Brand

    Ongoing public and government scrutiny of environmental, social, and corporate governance matters or our reporting of such matters could negatively impact our business

    Was: Ongoing public and government scrutiny of environmental, social, and corporate governance (ESG) matters or our reporting of such matters could negatively impact our business

  • 40% rewrittenRisks Related to People and Culture

    We depend on our executive officers and other key employees, and the loss of one or more of these employees or an inability to attract and retain other highly skilled employees could harm our business

  • 38% rewrittenRisks Related to Our Business

    Unstable market and economic conditions may have serious adverse consequences on our business and financial condition

  • 38% rewrittenRisks Related to Regulation and Litigation

    We and our franchise partners are subject to extensive government regulations that could result in claims leading to increased costs and restrict our ability to operate franchises

  • 38% rewrittenRisks Related to Our Brand

    We are subject to payment-related fraud and an increase in or failure to deal effectively with fraud, fraudulent activities, fictitious transactions, or illegal transactions would materially and adversely affect our business, results of operations, and financial condition

  • 36% rewrittenRisks Related to Ownership of Our Class A Common Stock

    The multi-class structure of our common stock has the effect of concentrating voting control with our Co-Founder, limiting your ability to influence corporate matters

  • 31% rewrittenRisks Related to Ownership of Our Class A Common Stock

    The trading price of our Class A common stock may be volatile, and you could lose all or part of your investment

  • 27% rewrittenRisks Related to Our Business

    Our shops are geographically concentrated in the Western United States, and we could be negatively affected by conditions specific to that region

  • 23% rewrittenRisks Related to Our Business

    If we fail to maintain adequate operational and financial resources, particularly if we continue to grow rapidly, we may be unable to execute our business plan or maintain high levels of service and customer satisfaction

  • 22% rewrittenRisks Related to Our Business

    Our financial condition and results of operations are subject to, and may be adversely affected by, a number of factors, many of which are also largely outside our control

All 95 risk factors

Headings as the filing states them, in filing order.

Risks Related to Our Business

  1. 01Evolving consumer preferences and tastes or changes in consumer spending may adversely affect our business58% rewritten
  2. 02Our financial condition and results of operations are subject to, and may be adversely affected by, a number of factors, many of which are also largely outside our control22% rewritten
  3. 03Our marketing programs may not be successful, and our new menu items, advertising campaigns, and other initiatives may not generate increased revenues or profits47% rewritten
  4. 04of any partnership to promote or market our products, and we may face negative public sentiment due to such relationshipsNew
  5. 05Our strategic initiatives and growth strategy may be unsuccessful which could adversely affect our business and financial results50% rewritten
  6. 06Dutch Bros Inc.| Form 10-K | 21
  7. 07New shops, once opened, may not be profitable or may close, and the increases in average per shop revenue and comparable sales that we have experienced in the past may not be indicative of future results54% rewritten
  8. 08If our new shops do not perform as planned or close, our business and future prospects could be harmed. In addition, an inability to achieve our expected average shop revenue could harm our business
  9. 09Our failure to manage our growth effectively could harm our business and operating results
  10. 10Damage to our brand or reputation or negative publicity could negatively impact our business51% rewritten
  11. 11Our inability to identify, recruit, and retain qualified individuals for our shops could slow our growth and adversely impact our ability to operate
  12. 12We are subject to the risks associated with leasing space subject to long-term non-cancelable leases and, with respect to the real property that we own, owning real estate47% rewritten
  13. 13Dutch Bros Inc.| Form 10-K | 2650% rewritten
  14. 14Our shops are geographically concentrated in the Western United States, and we could be negatively affected by conditions specific to that region27% rewritten
  15. 15Interruption of our supply chain of coffee, flavored syrups or other ingredients, coffee machines, and other restaurant equipment or packaging could affect our ability to produce or deliver our products and could negatively impact our business and profitability64% rewritten
  16. 16Dutch Bros Inc.| Form 10-K | 28100% rewritten
  17. 17Increases or sustained inflation in the cost of high-quality arabica coffee beans, dairy, or other commodities or decreases in the availability of high-quality arabica coffee beans, dairy, or other commodities could have an adverse impact on our business and financial results46% rewritten
  18. 18Dutch Bros Inc.| Form 10-K | 29100% rewritten
  19. 19If we fail to offer high-quality customer experience, our business and reputation will suffer
  20. 20If we fail to maintain adequate operational and financial resources, particularly if we continue to grow rapidly, we may be unable to execute our business plan or maintain high levels of service and customer satisfaction23% rewritten
  21. 21Dutch Bros Inc.| Form 10-K | 30100% rewritten
  22. 22We have a limited history of operating with a dispersed workforce and the long-term impact on our financial results and business operations are uncertain93% rewritten
  23. 23Dutch Bros Inc.| Form 10-K | 3147% rewritten
  24. 24Dutch Bros Inc.| Form 10-K | 3257% rewritten
  25. 25Dutch Bros Inc.| Form 10-K | 33100% rewritten
  26. 26Pandemics or disease outbreaks have had, and may continue to have, an effect on our business and results of operations82% rewritten
  27. 27Unstable market and economic conditions may have serious adverse consequences on our business and financial condition38% rewritten
  28. 28The rapid development and integration of AI technologies into our processes presents several risks to our businessNew

Risks Related to Our Brand

  1. 29Our success depends substantially on the value of our brand and failure to preserve its value could have a negative impact on our financial results87% rewritten
  2. 30Dutch Bros Inc.| Form 10-K | 35100% rewritten
  3. 31Ongoing public and government scrutiny of environmental, social, and corporate governance matters or our reporting of such matters could negatively impact our business42% rewritten
  4. 32Dutch Bros Inc.| Form 10-K | 36100% rewritten
  5. 33We may not be able to adequately protect our intellectual property, including trademarks, trade names, and service marks, which, in turn, could harm the value of our brand and adversely affect our business
  6. 34Dutch Bros Inc.| Form 10-K | 37100% rewritten
  7. 35If we, our franchise partners, or our vendors are unable to protect our customers’ credit and debit card data or confidential information in connection with processing the same or confidential employee information, we could be exposed to data loss, litigation, liability, and reputational damage
  8. 36Dutch Bros Inc.| Form 10-K | 38100% rewritten
  9. 37We are subject to payment-related fraud and an increase in or failure to deal effectively with fraud, fraudulent activities, fictitious transactions, or illegal transactions would materially and adversely affect our business, results of operations, and financial condition38% rewritten
  10. 38Dutch Bros Inc.| Form 10-K | 39100% rewritten

Risks Related to People and Culture

  1. 39Changes in the availability of and the cost of labor could harm our business
  2. 40We depend on our executive officers and other key employees, and the loss of one or more of these employees or an inability to attract and retain other highly skilled employees could harm our business40% rewritten
  3. 41Our culture has contributed to our success, and if we cannot maintain this culture as we grow, we could lose the high employee engagement fostered by our culture, which could harm our business
  4. 42Unionization activities may disrupt our operations and affect our profitability

Risks Related to Regulation and Litigation

  1. 43Changes in statutory, regulatory, accounting, and other legal requirements, including changes in accounting principles generally accepted in the United States, could potentially impact our operating and financial results
  2. 44Fluctuations in our tax obligations and effective tax rate and realization of our deferred tax assets may result in volatility of our operating results and adversely affect our financial condition
  3. 45We are subject to many federal, state, and local laws with which compliance is both costly and complex
  4. 46Dutch Bros Inc.| Form 10-K | 4399% rewritten
  5. 47Dutch Bros Inc.| Form 10-K | 44100% rewritten
  6. 48Dutch Bros Inc.| Form 10-K | 45100% rewritten
  7. 49Dutch Bros Inc.| Form 10-K | 46100% rewritten
  8. 50We and our franchise partners are subject to extensive government regulations that could result in claims leading to increased costs and restrict our ability to operate franchises38% rewritten
  9. 51Beverage and restaurant companies have been the target of class action lawsuits and other proceedings that are costly, divert management attention and, if successful, could result in our payment of substantial damages or settlement costs76% rewritten
  10. 52Dutch Bros Inc.| Form 10-K | 47100% rewritten
  11. 53Dutch Bros Inc.| Form 10-K | 48100% rewritten
  12. 54Substantial new U.S. tariffs and other restrictive trade policies have created a dynamic and unpredictable trade landscape, which may adversely impact our businessNew
  13. 55Dutch Bros Inc.| Form 10-K | 49100% rewritten
  14. 56Ongoing uncertainty regarding trade policies may also complicate our short- and long-term strategic planning, and that of our suppliers and distributors, including decisions regarding hiring, product strategy, capital investment, supply chain design, and geographic expansionNew

Risks Related to Our Organizational Structure

  1. 57Dutch Bros Inc.| Form 10-K | 50100% rewritten
  2. 58Dutch Bros Inc.| Form 10-K | 51100% rewritten
  3. 59The Tax Receivable Agreements with the Continuing Members and Pre-IPO Blocker Holders require Dutch Bros Inc. to make cash payments to them in respect of certain tax benefits to which it may become entitled, and such payments may be substantialNew
  4. 60Dutch Bros Inc.| Form 10-K | 5299% rewritten
  5. 61In certain cases, payments under the Tax Receivable Agreements may be accelerated and/or significantly exceed the actual benefits Dutch Bros Inc. realizes in respect of the tax attributes subject to the Tax Receivable Agreements45% rewritten
  6. 62Dutch Bros Inc.| Form 10-K | 53100% rewritten
  7. 63The acceleration of payments under the Tax Receivable Agreements in the case of certain changes of control may impair our ability to consummate change of control transactions or negatively impact the value received by owners of our Class A common stock
  8. 64If we were deemed to be an investment company under the Investment Company Act of 1940, as amended (the 1940 Act), as a result of our ownership of Dutch Bros OpCo, applicable restrictions could make it impractical for us to continue our business as contemplated and could have a material adverse effect on our business

Risks Related to Ownership of Our Class A Common Stock

  1. 65Additional stock issuances (including pursuant to the redemption or exchange of Dutch Bros OpCo Class A common units from our Continuing Members) could result in significant dilution to our stockholders and cause the trading price of our Class A common stock to decline62% rewritten
  2. 66The trading price of our Class A common stock may be volatile, and you could lose all or part of your investment31% rewritten
  3. 67Dutch Bros Inc.| Form 10-K | 55100% rewritten
  4. 68The multi-class structure of our common stock has the effect of concentrating voting control with our Co-Founder, limiting your ability to influence corporate matters36% rewritten
  5. 69Dutch Bros Inc.| Form 10-K | 56New
  6. 70Our Co-Founder continues to have significant influence over us, which could limit your ability to influence the outcome of matters submitted to stockholders for a vote
  7. 71We are a “controlled company” within the meaning of the New York Stock Exchange rules and, as a result, qualify for, and may rely on, exemptions and relief from certain corporate governance requirements. You do not have the same protections afforded to stockholders of companies that are subject to such requirements
  8. 72Future sales of shares of our Class A common stock could cause the market price of our Class A common stock to decline
  9. 73Our trading price and trading volume could decline if securities or industry analysts do not publish research about our business, or if they publish unfavorable research

General Risks

  1. 74Our results may fluctuate significantly and may not meet our expectations or those of investors or securities analysts
  2. 75Any one or more of the factors above may result in significant fluctuations in our results of operations, which may negatively impact the trading price of our Class A common stock. You should not rely on our past results as an indicator of our future performanceNew
  3. 76As of December 31, 2025, we had $148.1 million outstanding under our term loan facility. In addition, subject to certain restrictions under the 2025 Credit Facility, we may incur additional debt74% rewritten
  4. 77Dutch Bros Inc.| Form 10-K | 59100% rewritten
  5. 78Restrictions imposed by our outstanding indebtedness and any future indebtedness may limit our ability to operate our business, execute our growth strategy, and finance our future operations or capital needs or engage in other business activities52% rewritten
  6. 79Dutch Bros Inc.| Form 10-K | 60100% rewritten
  7. 80These restrictions may affect our ability to grow in accordance with our strategy
  8. 81We are vulnerable to interest rate risk with respect to our debt, and swap agreements entered into to manage such risk may not effectively limit our exposure
  9. 82If we fail to maintain effective internal controls, we may be unable to produce timely and accurate financial statements, and we may conclude that our internal control over financial reporting is not effective, which could adversely impact our investors’ confidence and our Class A common stock price68% rewritten
  10. 83Dutch Bros Inc.| Form 10-K | 61New
  11. 84A failure to establish and maintain an effective system of disclosure controls and internal control over financial reporting, could adversely affect our ability to produce timely and accurate financial statements or comply with applicable regulations45% rewritten
  12. 85Dutch Bros Inc.| Form 10-K | 62100% rewritten
  13. 86We may engage in merger and acquisition activities or strategic partnerships, which could require significant management attention, disrupt our business, dilute stockholder value, and adversely affect our business, results of operations, and financial condition
  14. 87We may need additional capital, and we cannot be sure that additional financing will be available66% rewritten
  15. 88terms, our ability to continue to support our business growth or to respond to business opportunities, challenges, or unforeseen circumstances would be adversely affectedNew
  16. 89Dutch Bros Inc.| Form 10-K | 64New
  17. 90There are provisions in our amended and restated certificate of incorporation and amended and restated bylaws that may make it difficult for a third party to acquire, or attempt to acquire, control of our company, even if a change in control was considered favorable by our stockholders73% rewritten
  18. 91Dutch Bros Inc.| Form 10-K | 65New
  19. 92Labor discord or disruption, geopolitical events, social unrest, war, acts of terrorism, political instability, acts of public violence, boycotts, hostilities and social unrest, and other health pandemics that lead to avoidance of public places or cause people to stay at home could harm our businessNew
  20. 93Climate change and volatile adverse weather conditions could adversely affect our shop sales or results of operationsNew
  21. 94Dutch Bros Inc.| Form 10-K | 66New
  22. 95Economic and business factors that are largely beyond our control may adversely affect consumer behavior and the results of our operations

Other Dutch Bros 10-Ks

  • FY2024 10-K risk factors
    83 risks

    Dutch Bros faces significant risks from regional concentration in the Western United States and rapid shop expansion strains. Supply chain disruptions for arabica coffee, dairy, and energy drink cans threaten operations. Labor cost inflation and workforce retention are critical concerns for shop-level execution.

    Filed Feb 13, 2025

About this page

The headings are the filing's own. The one-line readings and the overview are automated and can be wrong: read Item 1A of the 10-K for the exact wording.