v3.26.1
Income Taxes (Tables)
6 Months Ended
Jun. 30, 2026
Income Tax Disclosure [Abstract]  
Schedule of Income Tax Expense (Benefit)
Three Months Ended June 30,Six Months Ended June 30,
(dollars in thousands)2026202520262025
Income tax expense$12,623 $7,243 $15,964 $8,702 
Effective tax rate19.7 %15.9 %17.5 %12.5 %
Schedule of Tax Receivable Agreement Liability, Activity The changes related to these liabilities were as follows:
(in thousands)June 30, 2026December 31, 2025
Beginning balance$821,049 $627,834 
Additions (reductions) to TRAs:
Exchange of Dutch Bros OpCo Class A common units for Class A common stock166,291 202,680 
Payments under TRA
(13,953)(4,698)
TRAs remeasurements and other 1
(437)(4,767)
Ending balance$972,950 $821,049 
Less: current portion(686)(7,696)
TRAs liability, net of current portion$972,264 $813,353 
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1 For 2025, the impact primarily related to state tax rates and adjustments from previous estimates upon finalization of the tax attributes subject to the TRAs. For 2026, the impact is related to the increase in the valuation allowance for charitable contributions that are not expected to be utilized