On the Record · Dutch Bros
Dutch Bros acquisitions, on the record
The businesses Dutch Bros bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
franchise shops repurchased from franchise partners in WashingtonWord for word“For the year ended December 31, 2022, the Company repurchased the franchise rights and assets of seven shops from two separate franchise partners in Washington.” 10-K for 2023 | acquisition | December 31, 2022 | — |
reacquired franchisesWord for word“Historically, our business combination activity has been related to reacquiring franchises.” 10-K for 2024 | acquisition | — | — |
Clutch CoffeeWord for word“Clutch Coffee had 22 locations operating or under construction in North Carolina and South Carolina.” 10-K for 2025 | acquisition | — | — |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Goodwill from acquisitions |
|---|---|---|
| 2019-12-31 | $530,000 | — |
| 2020-12-31 | $5.1 million | $1.5 million |
| 2021-12-31 | $5.4 million | $640,000 |
| 2022-12-31 | $6.1 million | $2.9 million |
| 2023-12-31 | $0 | $0 |
| 2024-12-31 | $0 | — |
Deal filings since 2016
- 2025-05-30 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2024-05-20 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-08-08 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2022-03-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-09-17 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from Dutch Bros’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-13. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.