Dutch Bros Inc. is the sole managing member of Dutch Bros OpCo, and, as a result, consolidates the financial results of Dutch Bros OpCo. We report a non-controlling interest representing the economic interest in the Dutch Bros OpCo held by the other members of Dutch Bros OpCo. The OpCo LLC Agreement provides that holders of Dutch Bros OpCo Class A common units may, from time to time, require Dutch Bros OpCo to redeem all or a portion of their Dutch Bros OpCo Class A common units for newly issued shares of Class A common stock on a one-for-one basis. In connection with any redemption or exchange, Dutch Bros Inc. will receive a corresponding number of Dutch Bros OpCo Class A common units, increasing Dutch Bros Inc.’s total ownership in Dutch Bros OpCo. Changes in Dutch Bros Inc.’s ownership in Dutch Bros OpCo, while Dutch Bros Inc. retains its controlling interest in Dutch Bros OpCo, will be accounted for as equity transactions. As such, future redemptions or direct exchanges of Dutch Bros OpCo Class A common units by the other members of Dutch Bros OpCo will result in a change in ownership and reduce the amount recorded as non-controlling interest and increase additional paid-in-capital.


	June 30, 2026
(units in thousands)	OpCo Units	Ownership %
Dutch Bros OpCo Class A common units held by Dutch Bros Inc.	137,893	77.6	%
Dutch Bros OpCo Class A common units held by non-controlling interest holders1	39,843	22.4	%
Total Dutch Bros OpCo Class A common units outstanding	177,736	100.0	%


	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands)	2026		2025		2026		2025
Net income attributable to Dutch Bros Inc.	$	37,410	$	25,624	$	53,507	$	40,977
Other comprehensive income (loss):
Unrealized loss on derivative securities, effective portion, net of income tax impacts	(19)		(154)		(1)		(344)
Additional paid-in capital:


Increase as a result of equity-based compensation	5,324		3,341		9,103		6,241
Decrease as a result of common stock issuances pursuant to vesting of equity awards, net of stock withheld for tax	(128)		—		(4,549)		(7,771)

Increase as a result of the acquisition of Dutch Bros OpCo Class A common units	45,556		6,592		45,846		40,859
Total effect of changes in ownership interest on equity attributable to Dutch Bros Inc.	$	88,143	$	35,403	$	103,906	$	79,962

The weighted-average ownership percentage for the applicable reporting period is used to attribute net income to Dutch Bros Inc. and the non-controlling interest holders. The non-controlling interest holders’ weighted-average ownership percentage were as follows for the periods presented:

Under the OpCo LLC Agreement, Dutch Bros OpCo is required to make certain distributions to its members with regard to tax obligations. Such distributions paid to members were as follows for the periods presented, and no amounts were payable as of the periods then ended.