DRVN on Nasdaq
Driven Brands Holdings Inc.
In its 2026 annual report the company says: “Driven Brands is the largest automotive services company in North America with a growing and highly-franchised base of over 4,200 locations across 49 U.S. states and Canada. Our scaled, diversified platform provides high-quality services to an extensive range of retail, commercial, and insurance customers. The Company operates and reports financial information on a 52- or 53-week year with the fiscal year ending on the last Saturday in December.”4 It is headquartered in Charlotte, United States.2 Its shares trade on Nasdaq under the symbol DRVN.2
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Last updated Oct 21, 2026.
Overview
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- TickerDRVN on Nasdaq2
- IndustryServices-Automotive Repair, Services & Parking2
- HeadquartersCharlotte, United States2
- Incorporated inDE3
- Business address440 S. Church Street, Suite 700, Charlotte, Nc 282023
- Filer categoryLarge accelerated filer3
- Legal formCorporation2
- LEI549300NJ4D22FHB1QW072
- StatusActive2
- LEI statusLapsed (not renewed)2
- Registered addressC/O Corporation Service Company, 19808 Wilmington, United States2
- Registered withDivision of Corporations, Department of State, 36714072
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Driven Brands is the largest automotive services company in North America with a growing and highly-franchised base of over 4,200 locations across 49 U.S. states and Canada. Our scaled, diversified platform provides high-quality services to an extensive range of retail, commercial, and insurance customers. Our breadth of services covers a wide variety of automotive needs, including routine maintenance services, such as oil changes, as well as paint, collision, glass, and repair services. Our portfolio of brands continues to generate consistent revenue with strong operating margins. Our network generated approximately $1.9 billion in net revenue from approximately $6.1 billion in system-wide sales in 2025.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
12.4%Operating margin5
7.5%Net margin5
6.3%Revenue growth, 20255
18.3%Return on equity5
2.45×Debt to equity5
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Company-Operated Store Sales brought in 70% of the revenue Driven Brands Holdings Inc. broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| Company-Operated Store Sales | $1.1B | $1.2B | $1.3B |
| Supply And Other | $280.5M | $282.0M | $268.9M |
| Franchise And Royalty | $190.4M | $188.6M | $190.1M |
| Advertising | $99.1M | $103.1M | $108.5M |
Business segments
Take 5 brought in 69% of the revenue Driven Brands Holdings Inc. broke down this way in fiscal 2025.
Business segments by year
| Business segments | 2023 | 2024 | 2025 |
|---|---|---|---|
| Take 5 | $923.4M | $1.1B | $1.2B |
| Franchise Brands | $350.5M | $295.3M | $285.0M |
| Auto Glass Now | $254.6M | $237.5M | $257.8M |
Regions
United States brought in 97% of the revenue Driven Brands Holdings Inc. broke down this way in fiscal 2025.
Regions by year
| Regions | 2023 | 2024 | 2025 |
|---|---|---|---|
| United States | $1.6B | $1.6B | $1.8B |
| CA [member] | $134.4M | $108.6M | $64.9M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Selling, general and admin27¢$496.3M
- Other costs65¢$1.2B
- Income tax1¢$12.8M
- Profit8¢$140.2M
Out of $1.9B in revenue.5
Where each dollar of operating cash went, fiscal 2025
- Kept or used elsewhere100¢$330.5M
Out of $330.5M of cash from operations.5
Financial statements
Every line of the income statement as filed: the last 3 fiscal years (annual) or 8 quarters (quarterly), latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Total net revenue | $1.9B | $1.8B | $1.7B |
| Selling, general, and administrative expenses | $496.3M | $465.0M | $389.6M |
| Depreciation and amortization | $81.9M | $79.0M | $76.6M |
| Asset impairment charges and lease terminations | $28.1M | $56.5M | $123.8M |
| Total operating expenses | $1.6B | $1.6B | $1.6B |
| Operating income | $231.1M | $199.8M | $115.2M |
| Interest expense, net | $121.2M | $157.0M | $160.4M |
| Foreign currency transaction (gain) loss, net | -$14.7M | $17.5M | -$4.1M |
| Loss on debt extinguishment | $5.4M | $205.0K | $0 |
| Other expenses, net | $111.9M | $174.7M | $156.3M |
| Income (loss) before taxes from continuing operations | $119.2M | $25.1M | -$41.1M |
| Income tax (benefit) expense | -$12.8M | $24.5M | $5.6M |
| Net income (loss) from continuing operations | $132.1M | $546.0K | -$46.8M |
| Gain on sale of discontinued operations, net of tax | $35.8M | $0 | $0 |
| Net loss from discontinued operations, net of tax | -$27.7M | -$298.0M | -$752.1M |
| Net income (loss) | $140.2M | -$297.5M | -$798.9M |
| Continuing Operations (in dollars per share) | $1 | $0 | -$0 |
| Discontinued Operations (in dollars per share) | $0 | -$2 | -$5 |
| Net basic earnings (loss) per share (in dollars per share) | $0.85 | -$1.86 | -$4.94 |
| Continuing Operations (in dollars per share) | $1 | $0 | -$0 |
| Discontinued Operations (in dollars per share) | $0 | -$2 | -$5 |
| Net diluted earnings (loss) per share (in dollars per share) | $0.85 | -$1.86 | -$4.94 |
| Basic (in shares) | 162.8M shares | 160.3M shares | 161.9M shares |
| Diluted (in shares) | 163.9M shares | 161.2M shares | 161.9M shares |
| Period ending | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 |
|---|---|---|---|---|---|---|---|---|
| Total net revenue | $460.1M | $479.5M | $475.2M | $447.6M | $427.2M | $445.3M | $454.5M | $425.4M |
| Operating expense | $381.9M | $428.4M | $428.2M | $392.9M | $411.4M | $397.1M | $382.2M | $361.9M |
| Selling, general, and administrative expenses | $143.2M | $150.5M | $124.7M | $137.1M | $117.9M | $114.2M | ||
| Depreciation and amortization | $22.3M | $19.1M | $20.3M | $19.8M | $19.9M | $18.3M | ||
| Total operating expenses | $381.9M | $428.4M | $428.2M | $392.9M | $411.4M | $397.1M | $382.2M | $361.9M |
| Operating income | $78.2M | $51.1M | $47.0M | $54.8M | $15.8M | $48.2M | $72.4M | $63.5M |
| Interest expense, net | $25.2M | $31.1M | $36.3M | $43.6M | $34.3M | $43.1M | ||
| Foreign currency transaction (gain) loss, net | -$5.7M | -$8.7M | -$471.0K | $588.0K | $1.0M | $4.5M | ||
| Loss on debt extinguishment | $4.5M | $205.0K | ||||||
| Other expenses, net | $24.0M | $22.5M | $35.8M | $44.4M | $35.4M | $47.5M | ||
| Income (loss) before taxes from continuing operations | $27.1M | $24.6M | $19.0M | $3.8M | $37.0M | $16.0M | ||
| Income tax (benefit) expense | -$34.3M | $8.1M | $5.5M | $15.2M | $14.4M | $6.4M | ||
| Net income (loss) from continuing operations | $40.7M | $61.4M | $16.4M | $13.5M | -$20.3M | -$11.4M | $22.6M | $9.6M |
| Gain on sale of discontinued operations, net of tax | -$3.2M | $0 | $38.9M | $0 | ||||
| Net loss from discontinued operations, net of tax | -$16.3M | -$6.4M | -$1.3M | -$3.6M | -$286.6M | -$6.8M | -$964.0K | -$3.6M |
| Net income (loss) | $21.2M | $55.0M | $54.0M | $9.9M | -$306.8M | -$18.2M | $21.6M | $5.9M |
| Continuing Operations (in dollars per share) | $0 | $0 | $0 | -$0 | $0 | $0 | ||
| Discontinued Operations (in dollars per share) | -$0 | $0 | -$0 | -$0 | -$0 | -$0 | ||
| Net basic earnings (loss) per share (in dollars per share) | $0.33 | $0.33 | $0.06 | -$0.11 | $0.13 | $0.04 | ||
| Continuing Operations (in dollars per share) | $0 | $0 | $0 | $0 | -$0 | -$0 | $0 | $0 |
| Discontinued Operations (in dollars per share) | -$0 | -$0 | $0 | -$0 | -$2 | -$0 | -$0 | -$0 |
| Net diluted earnings (loss) per share (in dollars per share) | $0.13 | $0.33 | $0.33 | $0.06 | -$1.92 | -$0.11 | $0.13 | $0.04 |
| Basic (in shares) | 163.9M shares | 162.8M shares | 160.6M shares | 159.8M shares | 159.8M shares | 159.6M shares | ||
| Diluted (in shares) | 165.1M shares | 164.2M shares | 161.8M shares | 159.8M shares | 160.8M shares | 160.6M shares |
Every line of the balance sheet as filed: the last 5 fiscal years (annual) or 10 quarters (quarterly), latest first.5
| Period ending | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 |
|---|---|---|---|---|---|
| Cash and cash equivalents | $102.9M | $110.8M | $105.7M | $95.5M | $103.4M |
| Restricted cash | $162.0K | $335.0K | $334.0K | $332.0K | $358.0K |
| Accounts and notes receivable, net | $132.0M | $155.1M | $176.6M | $162.6M | $146.4M |
| Inventory | $52.4M | $47.5M | $48.3M | $48.7M | $48.9M |
| Prepaid and other assets | $50.1M | $19.0M | $25.2M | $29.5M | $24.1M |
| Income tax receivable | $49.3M | $30.7M | $25.9M | $27.8M | $26.6M |
| Advertising fund assets, restricted | $60.8M | $62.2M | $62.7M | $53.8M | $48.3M |
| Assets held for sale | $31.2M | $56.0M | $66.4M | $72.2M | $79.1M |
| Current assets of discontinued operations | $62.0M | $57.0M | $61.1M | $121.4M | $130.7M |
| Total current assets | $540.9M | $538.6M | $685.2M | $611.8M | $607.9M |
| Other assets | $114.7M | $120.8M | $104.7M | $120.9M | $118.9M |
| Property and equipment, net | $471.8M | $456.1M | $466.1M | $443.6M | $409.5M |
| Operating lease right-of-use assets | $513.5M | $482.5M | $474.2M | $455.5M | $451.8M |
| Deferred commissions | $7.8M | $7.6M | $7.5M | $7.3M | $7.2M |
| Intangibles, net | $617.8M | $621.9M | $628.8M | $630.6M | $634.8M |
| Goodwill | $1.2B | $1.2B | $1.2B | $1.2B | $1.2B |
| Deferred tax assets | $4.0M | $9.4M | $9.0M | $8.9M | $7.2M |
| Non-current assets of discontinued operations | $671.5M | $700.3M | $712.7M | $1.8B | $1.8B |
| Total assets | $4.2B | $4.2B | $4.3B | $5.3B | $5.3B |
| Accounts payable | $93.0M | $93.1M | $121.5M | $112.3M | $86.2M |
| Accrued expenses and other liabilities | $198.8M | $186.0M | $159.8M | $155.3M | $160.3M |
| Income tax payable | $2.7M | $12.9M | $2.5M | $5.6M | |
| Current portion of long-term debt | $276.7M | $279.9M | $283.8M | $33.8M | $33.7M |
| Tax receivable agreement payable | $56.2M | $24.2M | $22.7M | $22.7M | $22.7M |
| Advertising fund liabilities | $24.7M | $22.6M | $28.2M | $28.0M | $26.0M |
| Current liabilities of discontinued operations | $73.8M | $52.4M | $60.7M | $128.8M | $114.4M |
| Total current liabilities | $725.8M | $671.0M | $679.2M | $477.7M | $448.8M |
| Long-term debt | $1.9B | $1.9B | $2.1B | $2.6B | $2.7B |
| Deferred tax liabilities | $13.6M | $3.6M | $36.8M | $32.8M | $31.9M |
| Operating lease liabilities | $501.5M | $473.7M | $467.5M | $445.6M | $439.8M |
| Tax receivable agreement payable | $73.1M | $104.4M | $104.4M | $110.6M | $110.6M |
| Deferred revenue | $30.4M | $30.4M | $31.0M | $31.9M | $31.9M |
| Long-term accrued expenses and other liabilities | $0 | $1.2M | $1.2M | $1.6M | $2.0M |
| Non-current liabilities of discontinued operations | $165.6M | $186.9M | $198.6M | $992.8M | $984.1M |
| Total liabilities | $3.4B | $3.4B | $3.6B | $4.7B | $4.7B |
| Preferred Stock $0.01 par value; 100,000,000 shares authorized; none issued or outstanding | $0 | $0 | $0 | $0 | $0 |
| Common stock, $0.01 par value, 900,000,000 shares authorized: and 164,531,712 and 163,842,248 shares issued and outstanding; respectively | $1.6M | $1.6M | $1.6M | $1.6M | $1.6M |
| Additional paid-in capital | $1.7B | $1.7B | $1.7B | $1.7B | $1.7B |
| Accumulated deficit | -$953.2M | -$974.4M | -$1.0B | -$1.1B | -$1.1B |
| Accumulated other comprehensive loss | -$17.7M | -$22.7M | -$15.7M | -$54.6M | -$72.1M |
| Total shareholders equity | $767.2M | $735.3M | $685.1M | $581.4M | $543.8M |
| Total liabilities and shareholders' equity | $4.2B | $4.2B | $4.3B | $5.3B | $5.3B |
| Preferred stock, par value (in dollars per share) | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 |
| Preferred stock, shares authorized (in shares) | 100.0M shares | 100.0M shares | 100.0M shares | 100.0M shares | 100.0M shares |
| Preferred stock, shares issued (in shares) | 0 shares | 0 shares | 0 shares | 0 shares | 0 shares |
| Preferred stock, shares outstanding (in shares) | 0 shares | 0 shares | 0 shares | 0 shares | 0 shares |
| Common stock, par value (in dollars per share) | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 |
| Common stock, shares authorized (in shares) | 900.0M shares | 900.0M shares | 900.0M shares | 900.0M shares | 900.0M shares |
| Common stock, shares issued (in shares) | 164.5M shares | 163.8M shares | |||
| Common stock, shares outstanding (in shares) | 164.5M shares | 164.5M shares | 164.3M shares | 164.3M shares | 163.8M shares |
| Period ending | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | $102.9M | $110.8M | $105.7M | $95.5M | $103.4M | $104.5M | $69.8M | $105.8M | $132.6M | $150.1M |
| Restricted cash | $162.0K | $335.0K | $334.0K | $332.0K | $358.0K | $4.4M | $4.4M | $657.0K | ||
| Accounts and notes receivable, net | $132.0M | $155.1M | $176.6M | $162.6M | $146.4M | $140.2M | $162.7M | $135.6M | ||
| Inventory | $52.4M | $47.5M | $48.3M | $48.7M | $48.9M | $49.9M | $52.6M | $54.1M | ||
| Prepaid and other assets | $50.1M | $19.0M | $25.2M | $29.5M | $24.1M | $17.7M | $18.8M | $24.9M | ||
| Income tax receivable | $49.3M | $30.7M | $25.9M | $27.8M | $26.6M | $15.3M | $12.1M | $6.0M | ||
| Advertising fund assets, restricted | $60.8M | $62.2M | $62.7M | $53.8M | $48.3M | $54.2M | $42.6M | $52.5M | ||
| Assets held for sale | $31.2M | $56.0M | $66.4M | $72.2M | $79.1M | $183.6M | $238.8M | $252.0M | ||
| Current assets of discontinued operations | $62.0M | $57.0M | $61.1M | $121.4M | $130.7M | $171.1M | $151.8M | $139.2M | ||
| Total current assets | $540.9M | $538.6M | $685.2M | $611.8M | $607.9M | $688.0M | $698.4M | $757.5M | ||
| Other assets | $114.7M | $120.8M | $104.7M | $120.9M | $118.9M | $108.3M | $98.3M | $85.1M | ||
| Property and equipment, net | $471.8M | $456.1M | $466.1M | $443.6M | $409.5M | $412.0M | $402.7M | $388.1M | ||
| Operating lease right-of-use assets | $513.5M | $482.5M | $474.2M | $455.5M | $451.8M | $417.7M | $434.5M | $435.5M | ||
| Deferred commissions | $7.8M | $7.6M | $7.5M | $7.3M | $7.2M | $7.0M | $6.7M | $6.6M | ||
| Intangibles, net | $617.8M | $621.9M | $628.8M | $630.6M | $634.8M | $643.1M | $687.5M | $694.3M | ||
| Goodwill | $1.2B | $1.2B | $1.2B | $1.2B | $1.2B | $1.2B | $1.2B | $1.2B | $1.2B | |
| Deferred tax assets | $4.0M | $9.4M | $9.0M | $8.9M | $7.2M | $4.7M | $4.5M | $4.0M | ||
| Non-current assets of discontinued operations | $671.5M | $700.3M | $712.7M | $1.8B | $1.8B | $2.2B | $2.2B | $2.2B | ||
| Total assets | $4.2B | $4.2B | $4.3B | $5.3B | $5.3B | $5.7B | $5.8B | $5.8B | ||
| Accounts payable | $93.0M | $93.1M | $121.5M | $112.3M | $86.2M | $88.8M | $82.5M | $85.3M | ||
| Accrued expenses and other liabilities | $198.8M | $186.0M | $159.8M | $155.3M | $160.3M | $168.5M | $139.4M | $166.6M | ||
| Income tax payable | $2.7M | $12.9M | $2.5M | $5.6M | $1.0M | $2.1M | $2.0M | |||
| Current portion of long-term debt | $276.7M | $279.9M | $283.8M | $33.8M | $33.7M | $33.3M | $33.7M | $32.6M | ||
| Tax receivable agreement payable | $56.2M | $24.2M | $22.7M | $22.7M | $22.7M | $0 | $38.4M | |||
| Advertising fund liabilities | $24.7M | $22.6M | $28.2M | $28.0M | $26.0M | $32.0M | $20.5M | $38.6M | ||
| Current liabilities of discontinued operations | $73.8M | $52.4M | $60.7M | $128.8M | $114.4M | $105.2M | $118.3M | $102.4M | ||
| Total current liabilities | $725.8M | $671.0M | $679.2M | $477.7M | $448.8M | $428.8M | $396.3M | $465.8M | ||
| Long-term debt | $1.9B | $1.9B | $2.1B | $2.6B | $2.7B | $2.7B | $2.9B | $2.9B | ||
| Deferred tax liabilities | $13.6M | $3.6M | $36.8M | $32.8M | $31.9M | $86.5M | $80.0M | $78.9M | ||
| Operating lease liabilities | $501.5M | $473.7M | $467.5M | $445.6M | $439.8M | $409.0M | $439.4M | $439.8M | ||
| Tax receivable agreement payable | $73.1M | $104.4M | $104.4M | $110.6M | $110.6M | $133.3M | $133.1M | $108.2M | ||
| Deferred revenue | $30.4M | $30.4M | $31.0M | $31.9M | $31.9M | $32.3M | $32.1M | $32.7M | ||
| Long-term accrued expenses and other liabilities | $0 | $1.2M | $1.2M | $1.6M | $2.0M | $2.5M | $11.4M | $3.3M | ||
| Non-current liabilities of discontinued operations | $165.6M | $186.9M | $198.6M | $992.8M | $984.1M | $1.0B | $977.3M | $982.0M | ||
| Total liabilities | $3.4B | $3.4B | $3.6B | $4.7B | $4.7B | $4.8B | $4.9B | $5.0B | ||
| Preferred Stock $0.01 par value; 100,000,000 shares authorized; none issued or outstanding | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | ||
| Common stock, $0.01 par value, 900,000,000 shares authorized: and 164,531,712 and 163,842,248 shares issued and outstanding; respectively | $1.6M | $1.6M | $1.6M | $1.6M | $1.6M | $1.6M | $1.6M | $1.6M | ||
| Additional paid-in capital | $1.7B | $1.7B | $1.7B | $1.7B | $1.7B | $1.7B | $1.7B | $1.7B | ||
| Accumulated deficit | -$953.2M | -$974.4M | -$1.0B | -$1.1B | -$1.1B | -$786.6M | -$768.4M | -$790.0M | ||
| Accumulated other comprehensive loss | -$17.7M | -$22.7M | -$15.7M | -$54.6M | -$72.1M | -$32.9M | -$55.5M | -$52.3M | ||
| Total shareholders equity | $767.2M | $735.3M | $685.1M | $581.4M | $543.8M | $876.9M | $858.6M | $828.3M | ||
| Total liabilities and shareholders' equity | $4.2B | $4.2B | $4.3B | $5.3B | $5.3B | $5.7B | $5.8B | $5.8B | ||
| Preferred stock, par value (in dollars per share) | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | |
| Preferred stock, shares authorized (in shares) | 100.0M shares | 100.0M shares | 100.0M shares | 100.0M shares | 100.0M shares | 100.0M shares | 100.0M shares | 100.0M shares | ||
| Preferred stock, shares issued (in shares) | 0 shares | 0 shares | 0 shares | 0 shares | 0 shares | 0 shares | 0 shares | 0 shares | ||
| Preferred stock, shares outstanding (in shares) | 0 shares | 0 shares | 0 shares | 0 shares | 0 shares | 0 shares | 0 shares | 0 shares | 0 shares | |
| Common stock, par value (in dollars per share) | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | |
| Common stock, shares authorized (in shares) | 900.0M shares | 900.0M shares | 900.0M shares | 900.0M shares | 900.0M shares | 900.0M shares | 900.0M shares | 900.0M shares | ||
| Common stock, shares issued (in shares) | 164.5M shares | 163.8M shares | ||||||||
| Common stock, shares outstanding (in shares) | 164.5M shares | 164.5M shares | 164.3M shares | 164.3M shares | 163.8M shares | 164.5M shares | 164.5M shares | 164.5M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years (annual) or 8 quarters (quarterly), latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income (loss) | $140.2M | -$297.5M | -$798.9M |
| Depreciation and amortization | $134.4M | $181.4M | $174.9M |
| Goodwill impairment | $28.3M | $0 | $851.0M |
| Share-based compensation expense | $32.3M | $52.1M | $20.3M |
| (Gain) loss on foreign denominated transactions | -$23.1M | $25.1M | -$2.0M |
| Loss (gain) on foreign currency derivatives | $8.3M | -$7.6M | -$2.0M |
| (Gain) loss on sale and disposal of businesses, fixed assets, and sale leaseback transactions | -$28.0M | $26.7M | $14.6M |
| Loss on fair value of Seller Note | $17.0M | $0 | $0 |
| Reclassification of interest rate hedge to income | -$6.2M | -$2.1M | -$2.1M |
| Bad debt expense | $18.7M | $9.0M | $10.7M |
| Asset impairment charges and lease terminations | $28.9M | $389.2M | $132.9M |
| Amortization of deferred financing costs and bond discounts | $9.7M | $9.8M | $10.3M |
| Amortization of cloud computing | $17.7M | $10.8M | $2.7M |
| Benefit for deferred income taxes | -$20.4M | -$56.5M | -$138.1M |
| Loss on extinguishment of debt | $5.4M | $205.0K | $0 |
| Other, net | $3.9M | -$3.9M | $23.0M |
| Accounts and notes receivable, net | -$12.1M | -$37.6M | $17.3M |
| Inventory | -$1.5M | -$2.3M | -$3.8M |
| Prepaid and other assets | -$25.0M | $3.0M | -$5.5M |
| Advertising fund assets and liabilities, restricted | $771.0K | -$6.1M | -$10.8M |
| Other assets | -$21.4M | -$77.2M | -$39.8M |
| Deferred commissions | -$578.0K | $934.0K | $418.0K |
| Deferred revenue | -$1.5M | $1.3M | $2.1M |
| Accounts payable | $604.0K | $24.6M | $18.0M |
| Accrued expenses and other liabilities | $30.3M | $13.6M | -$45.3M |
| Income tax receivable | -$6.3M | -$12.9M | -$1.1M |
| Cash provided by operating activities | $330.5M | $244.0M | $228.6M |
| Capital expenditures | -$222.8M | -$288.6M | -$596.5M |
| Cash used in business acquisitions, net of cash acquired | -$11.3M | -$3.0M | -$59.6M |
| Proceeds from sale leaseback transactions | $73.1M | $51.4M | $194.7M |
| Proceeds from Seller Note | $113.0M | $0 | $0 |
| Proceeds from sale or disposal of businesses and fixed assets, net of cash sold | $280.7M | $290.3M | $10.0M |
| Cash provided by (used in) investing activities | $232.7M | $50.1M | -$451.4M |
| Payment of debt extinguishment and issuance costs | -$10.5M | -$9.6M | $0 |
| Proceeds from the issuance of long-term debt | $500.0M | $274.8M | $0 |
| Repayment of long-term debt | -$994.6M | -$465.4M | -$28.0M |
| Proceeds from revolving lines of credit and short-term debt | $282.0M | $46.0M | $378.0M |
| Repayment of revolving lines of credit and short-term debt | -$332.0M | -$104.0M | -$130.0M |
| Repayment of principal portion of finance lease liability | -$5.5M | -$5.0M | -$5.6M |
| Payment of Tax Receivable Agreement | $0 | -$38.4M | $0 |
| Acquisition of non-controlling interest | $0 | -$644.0K | $0 |
| Share repurchases | $0 | $0 | -$50.0M |
| Tax obligations for share-based compensation | -$4.4M | -$1.6M | $0 |
| Stock option exercises | $0 | $0 | $6.1M |
| Other, net | $0 | $0 | -$326.0K |
| Cash (used in) provided by financing activities | -$565.0M | -$303.9M | $170.3M |
| Effect of exchange rate changes on cash | $5.7M | -$4.1M | $484.0K |
| Net change in cash, cash equivalents, restricted cash, and cash included in advertising fund assets, restricted | $4.0M | -$14.0M | -$52.1M |
| Capital expenditures included in accrued expenses and other liabilities | $3.8M | $16.4M | $33.7M |
| Working capital adjustments included in accrued expenses and other liabilities | $3.6M | $0 | $0 |
| Deferred consideration included in accrued expenses and other liabilities | $977.0K | $1.6M | $3.3M |
| Proceeds from sale of fixed assets included in accounts and notes receivable, net | $0 | $8.8M | $0 |
| Interest | $120.8M | $147.7M | $156.1M |
| Income taxes | $24.9M | $37.1M | $22.9M |
| Period ending | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 |
|---|---|---|---|---|---|---|---|---|
| Net income (loss) | $21.2M | $55.0M | $54.0M | $9.9M | -$306.8M | -$18.2M | $21.6M | $5.9M |
| Depreciation and amortization | $35.7M | $43.4M | ||||||
| Share-based compensation expense | $12.3M | $12.2M | ||||||
| (Gain) loss on foreign denominated transactions | -$373.0K | $7.6M | ||||||
| Loss (gain) on foreign currency derivatives | -$98.0K | -$3.1M | ||||||
| (Gain) loss on sale and disposal of businesses, fixed assets, and sale leaseback transactions | $6.6M | -$17.0M | ||||||
| Reclassification of interest rate hedge to income | -$514.0K | -$519.0K | ||||||
| Bad debt expense | $4.5M | $2.5M | ||||||
| Asset impairment charges and lease terminations | $10.0M | $19.3M | ||||||
| Amortization of deferred financing costs and bond discounts | $3.1M | $2.0M | ||||||
| Amortization of cloud computing | $1.9M | $1.9M | ||||||
| Benefit for deferred income taxes | $6.2M | -$2.8M | ||||||
| Loss on extinguishment of debt | $4.5M | $205.0K | ||||||
| Other, net | -$11.1M | $9.1M | ||||||
| Accounts and notes receivable, net | -$27.4M | -$16.5M | ||||||
| Inventory | $1.1M | -$737.0K | ||||||
| Prepaid and other assets | -$3.8M | -$4.8M | ||||||
| Advertising fund assets and liabilities, restricted | -$4.1M | $7.7M | ||||||
| Other assets | -$50.0K | -$33.3M | ||||||
| Deferred commissions | $69.0K | -$331.0K | ||||||
| Deferred revenue | -$25.0K | $2.1M | ||||||
| Accounts payable | $23.0M | $19.6M | ||||||
| Accrued expenses and other liabilities | $16.4M | $136.0K | ||||||
| Income tax receivable | -$6.9M | $5.1M | ||||||
| Cash provided by operating activities | $76.3M | $59.6M | ||||||
| Capital expenditures | -$67.8M | -$89.5M | ||||||
| Cash used in business acquisitions, net of cash acquired | -$2.0M | |||||||
| Proceeds from sale leaseback transactions | $8.7M | $4.5M | ||||||
| Proceeds from sale or disposal of businesses and fixed assets, net of cash sold | $12.3M | $52.7M | ||||||
| Cash provided by (used in) investing activities | -$46.7M | -$34.3M | ||||||
| Payment of debt extinguishment and issuance costs | -$1.4M | |||||||
| Repayment of long-term debt | -$32.4M | -$7.6M | ||||||
| Proceeds from revolving lines of credit and short-term debt | $33.0M | $46.0M | ||||||
| Repayment of revolving lines of credit and short-term debt | -$43.0M | -$46.0M | ||||||
| Repayment of principal portion of finance lease liability | -$2.0M | -$1.0M | ||||||
| Payment of Tax Receivable Agreement | -$24.7M | |||||||
| Tax obligations for share-based compensation | -$2.6M | |||||||
| Cash (used in) provided by financing activities | -$48.4M | -$33.4M | ||||||
| Effect of exchange rate changes on cash | $1.5M | $1.1M | ||||||
| Net change in cash, cash equivalents, restricted cash, and cash included in advertising fund assets, restricted | -$17.3M | -$6.9M | ||||||
| Capital expenditures included in accrued expenses and other liabilities | $10.3M |
Corporate structure
Driven Brands Holdings Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Driven Brands Holdings Inc.
- FMR LLC Filed SCHEDULE 13G on Driven Brands Holdings Inc., latest May 6, 2026
- DRIVEN EQUITY SUB LLC Filed SCHEDULE 13G/A on Driven Brands Holdings Inc., latest Nov 12, 2024 (4 filings since Jan 28, 2022)
- Driven Brands Holdings Inc. Charlotte, North Carolina, United States
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Driven Brands Holdings Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Computer equipment and software | $134.9M5 Dec 27, 2025 | $122.6M5 Dec 28, 2024 | +10.1% |
| Property and equipment, before depreciation | $737.5M5 Dec 27, 2025 | $618.8M5 Dec 28, 2024 | +19.2% |
| Accumulated depreciation | $265.6M5 Dec 27, 2025 | $209.3M5 Dec 28, 2024 | +26.9% |
| Property and equipment, net | $471.8M5 Dec 27, 2025 | $409.5M5 Dec 28, 2024 | +15.2% |
| Finance-lease assets | $24.3M5 Dec 27, 2025 | $18.8M5 Dec 28, 2024 | +29.1% |
| Operating-lease assets (leased space) | $513.5M5 Dec 27, 2025 | $451.8M5 Dec 28, 2024 | +13.6% |
Real estate and locations
| Item | Latest | A year before | Change |
|---|---|---|---|
| Countries it operates in | 139 Dec 28, 2024 |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $102.9M5 Dec 27, 2025 | $103.4M5 Dec 28, 2024 | −0.5% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $1.2B5 Dec 27, 2025 | $1.2B5 Dec 28, 2024 | +1.0% |
| Intangible assets, net (excluding goodwill) | $617.8M5 Dec 27, 2025 | $634.8M5 Dec 28, 2024 | −2.7% |
| Finite-lived intangibles, gross | $366.1M5 Dec 27, 2025 | $364.4M5 Dec 28, 2024 | +0.4% |
| Accumulated amortization | $166.6M5 Dec 27, 2025 | $145.7M5 Dec 28, 2024 | +14.3% |
| Finite-lived intangibles, net | $199.5M5 Dec 27, 2025 | $218.8M5 Dec 28, 2024 | −8.8% |
Inventory
Properties, in its own words
As of December 27, 2025, we had 4,252 locations relating to our continuing operations, of which 1,036 are company-operated store locations primarily within our Take 5 and Auto Glass Now segments. Of these company-operated store locations, we owned 20 and leased 1,016 covering buildings and/or land. In addition to these, we held leases covering building and/or land for 5 distribution centers and 10 offices and training centers in the U.S. and Canada, including our corporate headquarters located in Charlotte, North Carolina. The leases generally have initial expiration dates ranging from 5 and 20 years, with certain renewal options available. We also leased 43 properties that were either leased or subleased to franchisees as of December 27, 2025. We believe that the properties are suitable and adequate for the Company’s business.
Item 2 of the 10-K filed May 19, 2026.4
Leadership
Who has led Driven Brands Holdings Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
Chief operating officer
2025
- Chief executive officerDaniel R. Rivera May 13, 2025 to now12
- Chief executive officerJonathan G. Fitzpatrick Jan 14, 2021 to May 13, 202513
- PresidentTracy A. Gehlan Mar 2, 2023 to Nov 1, 202314
- PresidentJonathan G. Fitzpatrick Jan 14, 2021 to Mar 24, 202213
- PresidentKyle L. Marshall Jan 14, 2021 to Nov 1, 202315
- Chief financial officerJoel Arnao May 17, 2024 to Aug 9, 202416
- Chief financial officerGary W. Ferrera May 12, 2023 to Feb 29, 202417
- Chief financial officerTiffany L. Mason Jan 14, 2021 to Mar 24, 202318
- Chief operating officerMuhammad Khalid Sep 4, 2025 to now19
- Chief operating officerDaniel R. Rivera Mar 2, 2023 to Sep 4, 202520
Board members and other officers (19)
- SVP & Chief Accounting OfficerRebecca Fondell May 9, 2025 to now21
- EVP, Seg. Pres. - MaintenanceMuhammad Khalid Mar 1, 2023 to Nov 9, 202322
- EVP & Group President, Maint.Daniel R. Rivera Jan 14, 2021 to Mar 24, 202223
- EVP & Pres., Car Wash N.A.Gabriel C. Mendoza Jan 14, 2021 to Oct 28, 202124
- Chief Accounting OfficerRobert Bryan Edmiston Jan 14, 2021 to Jan 15, 202125
- EVP, Gen. Counsel & SecretaryScott L. O'Melia Jan 14, 2021 to Mar 24, 202226
- Pres., Car Wash InternationalTracy A. Gehlan Jan 14, 2021 to Mar 24, 202227
- SVP & Chief Accounting OfficerMichael Beland Jul 12, 2021 to Jul 16, 202428
- EVP & President, Car Wash N.A.John R. Teddy Oct 28, 2021 to Mar 24, 202329
- Board memberDaniel R. Rivera May 13, 2025 to now12
- Board memberDamien Harmon Jan 9, 2024 to now30
- Board memberJose D. Tomas Jul 19, 2022 to now31
- Board memberCatherine Ann Halligan Jan 14, 2021 to now32
- Board memberChadwick P. Hume Jan 14, 2021 to Jan 14, 202133
- Board memberJonathan G. Fitzpatrick Jan 14, 2021 to now13
- Board memberKaren B. Stroup Jan 14, 2021 to now34
- Board memberPeter S. Swinburn Jan 14, 2021 to now35
- Board memberRick D. Puckett Jan 14, 2021 to now36
- General counselScott L. O'Melia Mar 2, 2023 to now37
Former names
- RC Driven Holdings LLCMar 26, 2020 to Jun 22, 20203
Timeline
- Sep 15, 20268-K Regulation FD disclosure38
- Aug 6, 20268-K Results of operations39
- Jul 29, 20268-K Shareholder vote40
- Jun 11, 20268-K Results of operations41
- Jun 5, 20268-K Listing notice or transfer; Regulation FD disclosure42
- May 19, 20268-K Results of operations43
- Apr 27, 20268-K Entered a material agreement44
- Apr 23, 20268-K Regulation FD disclosure45
- Apr 21, 20268-K Results of operations; Listing notice or transfer; Regulation FD disclosure46
- Mar 11, 20268-K Entered a material agreement47
- Feb 25, 20268-K Earlier financial statements no longer reliable48
- Feb 25, 20268-K Regulation FD disclosure49
- May 13, 2025New chief executive Daniel R. Rivera becomes CEO12
- Jan 14, 2021New chief executive Jonathan G. Fitzpatrick becomes CEO13
Calendar
Coming up
- Nov 3, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $0.32 a share, on Nov 4, 2025.50
When it reported results
- Aug 6, 2026Reported quarterly or annual results39
- Jun 11, 2026Reported quarterly or annual results41
- May 19, 2026Reported quarterly or annual results43
- Apr 21, 2026Reported quarterly or annual results46
- Nov 4, 2025Reported quarterly or annual results51
- Aug 5, 2025Reported quarterly or annual results52
- May 6, 2025Reported quarterly or annual results53
- Feb 25, 2025Reported quarterly or annual results54
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
272 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 62 major events, 150 insider forms, 5 large holders, 34 other. The latest 20:
- Sep 15, 20268-K EDGAR
- Aug 24, 20264 EDGAR
- Aug 10, 20264 EDGAR
- Aug 6, 202610-Q EDGAR
- Aug 6, 20268-K EDGAR
- Jul 29, 20268-K EDGAR
- Jul 1, 20264 EDGAR
- Jul 1, 20264 EDGAR
- Jul 1, 20264 EDGAR
- Jul 1, 20264 EDGAR
- Jul 1, 20264 EDGAR
- Jul 1, 20264 EDGAR
- Jul 1, 20264 EDGAR
- Jul 1, 20264 EDGAR
- Jul 1, 20264 EDGAR
- Jul 1, 20264 EDGAR
- Jul 1, 20264 EDGAR
- Jul 1, 20264 EDGAR
- Jul 1, 20264 EDGAR
- Jun 17, 20264 EDGAR
The 272 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
13 open-market trades by officers, directors and large owners since October 2021: 2 buys and 11 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Jan 21, 2026 | O'Melia Scott L.Chief Legal Officer | Sale | 46,875 | $16.00 | $750.0K | Form 4 |
| Sep 15, 2025 | Fitzpatrick Jonathan G.Director | Sale | 110,000 | $18.05 | $2.0M | Form 4 |
| Sep 12, 2025 | Fitzpatrick Jonathan G.Director | Sale | 75,000 | $18.27 | $1.4M | Form 4 |
| Mar 3, 2025 | Halligan Catherine AnnDirector | Sale | 4,242 | $17.42 | $73.9K | Form 4 |
| May 30, 2023 | Fitzpatrick Jonathan G.Director | Buy | 42,000 | $23.76 | $997.9K | Form 4 |
| May 25, 2023 | Ferrera Gary WChief Financial Officer | Buy | 4,000 | $24.23 | $96.9K | Form 4 |
| Sep 15, 2022 | ARONSON NEAL KDirector | Sale | 7,000,000 | $32.19 | $225.3M | Form 4 |
| Sep 15, 2022 | RC IV Cayman ICW Equity LLC10% owner | Sale | 2,257,203 | $32.19 | $72.7M | Form 4 |
| Sep 15, 2022 | Driven Equity LLC10% owner | Sale | 4,742,797 | $32.19 | $152.7M | Form 4 |
| Aug 12, 2022 | Macaluso Michael G.EVP & President, PC&G | Sale | 16,000 | $31.46 | $503.4K | Form 4 |
| Nov 5, 2021 | Rivera Daniel R.Chief Executive Officer | Sale | 26,173 | $32.11 | $840.4K | Form 4 |
| Nov 4, 2021 | Rivera Daniel R.Chief Executive Officer | Sale | 1,559 | $32.08 | $50.0K | Form 4 |
| Nov 3, 2021 | Rivera Daniel R.Chief Executive Officer | Sale | 14,046 | $32.19 | $452.1K | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- FMR LLCSCHEDULE 13G, 1 filing May 6, 202655
- DRIVEN EQUITY SUB LLCSCHEDULE 13G/A, 4 filings Jan 28, 2022 to Nov 12, 202456
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | Daniel RiveraPresident and Chief Executive Officer | $714.3K | $5.2M57 | |
| 2025 | Muhammad KhalidExecutive Vice President and Chief Operating Officer | $507.7K | $4.6M57 | |
| 2025 | Michael DiamondExecutive Vice President and Chief Financial Officer | $700.0K | $2.8M57 | |
| 2025 | Scott O’MeliaExecutive Vice President and Chief Legal Officer | $582.7K | $2.5M57 | |
| 2025 | Jonathan FitzpatrickNon-Executive Chair of the Board and Former President and Chief Executive Officer | $384.6K | $1.5M57 | |
| 2024 | Jonathan FitzpatrickNon-Executive Chair of the Board and Former President and Chief Executive Officer | $1.0M | $7.7M57 | |
| 2024 | Scott O’MeliaExecutive Vice President and Chief Legal Officer | $490.4K | $5.6M57 | |
| 2024 | Michael DiamondExecutive Vice President and Chief Financial Officer | $282.7K | $4.5M57 | |
| 2024 | Daniel RiveraPresident and Chief Executive Officer | $575.0K | $2.6M57 | |
| 2023 | Jonathan FitzpatrickNon-Executive Chair of the Board and Former President and Chief Executive Officer | $1.0M | $29.1M57 | |
| 2023 | Daniel RiveraPresident and Chief Executive Officer | $555.8K | $7.6M57 | |
| 2023 | Scott O’MeliaExecutive Vice President and Chief Legal Officer | $475.0K | $3.2M57 |
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Fmr LLC | 9,515,536 | $132.6M | 0.0% | +1,280,248 |
| Rubric Capital Management LP | 5,300,613 | $73.9M | 0.7% | +2,300,613 |
| ADW Capital Management, LLC | 5,000,000 | $69.7M | 25.4% | +1,000,000 |
| BlackRock, Inc. | 4,813,956 | $67.1M | 0.0% | +471,110 |
| Bamco Inc /ny/ | 4,502,594 | $62.8M | 0.1% | +2,398 |
| Goldman Sachs Group Inc | 3,388,315 | $47.2M | 0.0% | −382,564 |
| Vanguard Portfolio Management LLC | 2,831,093 | $39.5M | 0.0% | +96,520 |
| Vanguard Capital Management LLC | 2,615,898 | $36.5M | 0.0% | +41,344 |
| Jupiter Topco LLC | 2,526,144 | $35.2M | 0.0% | New |
| Dimensional Fund Advisors LP | 2,341,746 | $32.6M | 0.0% | −20,684 |
| Simcoe Capital Management, LLC | 2,258,500 | $31.5M | 6.1% | +153,545 |
| One Fin Capital Management LP | 1,750,000 | $24.4M | 8.5% | +1,250,000 |
| Geode Capital Management, LLC | 1,672,191 | $23.3M | 0.0% | +91,336 |
| State Street Corp | 1,466,593 | $20.4M | 0.0% | +90,068 |
| Millennium Management LLC | 1,262,411 | $17.6M | 0.0% | −203,331 |
| Quantinno Capital Management LP | 1,138,117 | $15.9M | 0.0% | +388,844 |
| Emeth Value Capital, LLC | 1,027,266 | $14.3M | 49.6% | −2,965,407 |
| Tudor Investment Corp Et Al | 1,010,952 | $14.1M | 0.1% | +71,352 |
| Private Management Group Inc | 1,010,594 | $14.1M | 0.4% | −7,534 |
| Conversant Capital LLC | 1,000,000 | $13.9M | 1.6% | No change |
| Elgethun Capital Management | 944,046 | $13.2M | 1.8% | +1,764 |
| Flax Pond Capital, LLC | 891,790 | $11.8M | 4.4% | +461,770 |
| Two Sigma Investments, LP | 729,718 | $10.2M | 0.0% | +103,408 |
| Grizzlyrock Capital, LLC | 621,971 | $8.7M | 6.1% | −548,956 |
| Northern Trust Corp | 580,662 | $8.1M | 0.0% | +30,448 |
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How Driven Brands Holdings Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARDriven Brands Holdings Inc.1
- CIK0001804745
- Employer ID (EIN)47-35952524
- Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company4
- Incorporated inDelaware4
- Fiscal year endsDecember 271
- Industry code (SIC)7500 Services-Automotive Repair, Services & Parking1
- SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
- Business address440 S. Church Street, Suite 700, Charlotte, NC 282021
- Phone704-377-88551
- Shares outstanding164,979,816 as of Aug 4, 202611
- Public float$1.0B as of Jun 28, 20254
- AuditorPricewaterhouseCoopers LLP, Charlotte, North Carolina PCAOB ID 238; it also attests to the company’s internal control over financial reporting4
- On EDGAR sinceMar 26, 20201
- Filings368 in all: 4 (158), 8-K (72), 3 (34), 10-Q (17), UPLOAD (13), CORRESP (11), 10-K (6), DEF 14A (6)1
All 31 form types
DEFA14A (6), 144 (4), 8-K/A (4), ARS (4), DRS/A (4), DRSLTR (4), 424B4 (2), 424B7 (2), DRS (2), EFFECT (2), S-1 (2), S-1/A (2), S-8 (2), SC 13G/A (2), 10-K/A (1), 8-A12B (1), CERT (1), NT 10-K (1), NT 10-Q (1), S-3ASR (1), SC 13G (1), SCHEDULE 13G (1), SCHEDULE 13G/A (1)
- Latest filingsAnnual report (10-K) May 19, 2026
Quarterly report (10-Q) Aug 6, 2026
Proxy statement (DEF 14A) Jun 16, 2026
Latest 8-K (8-K) Sep 15, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock, $0.01 par value | DRVN | The Nasdaq Global Select Market |
From the cover page of the 10-K filed May 19, 2026 (Section 12(b) of the Exchange Act).4
Risk factors and legal proceedings
The risks Driven Brands Holdings Inc. names in Item 1A of its 10-K filed May 19, 2026: 66 risks under these headings, as written.4
- Risks Relating to Our Business
- Competition may harm our business and results of operations.
- Changes in consumer preferences and perceptions, and in economic, market, and other conditions could adversely affect our business and results of operations.
- Our business is affected by the financial results of our franchisees.
- Our business is affected by advances in automotive technology.
- Certain restrictions may prevent us from providing our services and products to customers.
- Increases in operating costs, including labor and commodity costs and interest rates have, and may again in the future, adversely affect our results of operations.
- High levels of economic inflation may increase our operating costs, influence demand for our products, and impact the profitability of our business.
- Our locations may experience difficulty hiring and retaining qualified personnel, resulting in higher labor costs.
- Insurance coverage may not be adequate, and increased self-insurance and other insurance costs could adversely affect our results of operations.
- Increases in supply costs could adversely affect our results of operations.
- Geopolitical uncertainty, including tariffs imposed by the U.S. and/or other governments could increase our supply costs, which could materially and adversely affect our business and results of operations.
The other 55 risks
- Decreases in our product sourcing revenue could adversely affect our results of operations.
- We depend on key suppliers, including international suppliers, to deliver timely high-quality products at quantities and prices required for our businesses.
- Supply chain shortages and interruptions could adversely affect our business.
- Our business depends on the willingness of suppliers, distributors, and service providers to supply our locations with goods and services pursuant to customary credit arrangements which may be available in the future on less favorable terms or not at all.
- Our failure to build and maintain relationships with insurance partners could adversely affect our business.
- Substantially all of the assets of the Company are pledged as security under the terms of our Indebtedness.
- We may not be able to execute on our plans to open additional locations and enter new markets.
- Our acquisitions, dispositions, and strategic investments involve risks.
- Our business may be adversely impacted by our indebtedness, including additional leverage in connection with acquisitions and other capital expenditure initiatives.
- Guaranties associated with the lease obligations of divested entities could adversely affect our results of operations or financial condition.
- Our business may be adversely impacted by the geographic concentration of our locations.
- Our operations are subject to various risks and uncertainties, including adverse economic conditions or a debt crisis, which could adversely affect our business.
- Our success depends on the effectiveness of our marketing and advertising programs.
- Our failure or our franchisees’ failure to comply with health, employment, and other federal, state, local, and provincial laws, rules, and regulations may lead to losses and harm our brands.
- Our locations are subject to certain environmental laws and regulations.
- Complaints or litigation may adversely affect our business and reputation.
- We may have product liability exposure that adversely affects our results of operations.
- We are subject to payment-related risks.
- Catastrophic events may disrupt our business in a manner that adversely affects our business.
- Instability, disruption, or destruction caused by civil insurrection, social unrest, or government actions may affect the markets in which we operate, our suppliers, customers, sales of products, and customer service.
- We and our franchisees lease or sublease the land and buildings where a number of our locations are situated, which could expose us to possible liabilities and losses.
- Our current locations may become unattractive, and attractive new locations may not be available for a reasonable price, if at all, which could adversely affect our business.
- Our financial performance could be materially adversely affected if we fail to retain, or effectively respond to a loss of, key executives.
- Risks Related to Intellectual Property and Technology
- We depend on our intellectual property to protect our brands, we may fail to establish trademark rights in the countries we operate and litigation to enforce or defend our intellectual property rights may be costly.
- If franchisees and other licensees do not observe the required quality and trademark usage standards, our brands may suffer reputational damage, which could in turn adversely affect our business.
- We may become subject to third-party infringement claims or challenges to intellectual property validity.
- We do not own certain software that is used in operating our business and our proprietary platforms and tools incorporate open-source software.
- We are heavily dependent on information systems and technology, and any significant failure, interruption, or security incident could impair our ability to efficiently operate our business or timely or accurately prepare financial reports.
- The occurrence of cyber incidents, or a deficiency in cybersecurity, could negatively impact our business by causing a disruption to our operations, a compromise, corruption, or loss of data, and/or damage to our employee and business relationships, all of which could lead to loss and harm our business.
- Although we maintain insurance coverage for various cybersecurity and business continuity risks, there can be no guarantee that all costs or losses incurred will be fully insured.
- Risks Relating to the Franchisees
- A majority of our locations are owned and operated by franchisees and, as a result, we are highly dependent upon our franchisees.
- Franchisee changes in control may adversely impact franchisee operations.
- Franchise documents are subject to termination and non-renewal.
- We may not be able to retain franchisees or maintain the quality of existing franchisees.
- Our location development plans under development agreements may not be implemented effectively by franchisees.
- There is no assurance that franchisees’ development and construction of locations will be completed, or that any such development will be completed in a timely manner. There is no assurance that present or future development plans will perform in accordance with expectations.
- If our franchisees do not comply with their franchise agreements and policies or participate in the implementation of our business model, our business could be harmed.
- Risks Related to our Indebtedness
- Our substantial indebtedness could adversely affect our financial condition.
- The documents governing our indebtedness have restrictive terms and our failure to comply with any of these terms could put us in default, which would have an adverse effect on our business and prospects.
- The Securitization Senior Notes Indenture governing the securitized debt facility may restrict the cash flow from the entities subject to the securitization to us and our subsidiaries and, upon the occurrence of certain events, cash flow would be further restricted.
- Risks Related to Ownership of Our Common Stock
- Our stock price may fluctuate significantly.
- Our ability to raise capital in the future may be limited.
- We are a holding company and rely on dividends, distributions, and other payments, advances, and transfers of funds from our subsidiaries to meet our obligations.
- We are required to make payments under a Tax Receivable Agreement for certain tax benefits, which amounts are expected to be material.
- We identified material weaknesses in our internal control over financial reporting and disclosure controls and procedures. If we are unable to remediate these material weaknesses, or if we experience additional material weaknesses or other deficiencies in the future, or otherwise fail to maintain an effective system of internal controls, we may not be able to accurately and timely report our financial results, in which case our business may be harmed, investors may lose confidence in the accuracy and completeness of our financial reports, and the price of our common stock may decline.
- Our failure to prepare and timely file our periodic reports with the SEC limits our access to the public markets to raise debt or equity capital, restricts our ability to issue equity securities and could impact our listing on Nasdaq.
- We reached a determination to restate certain of our previously issued consolidated financial statements, which resulted in unanticipated costs and may affect investor confidence and raise reputational issues.
- Our Principal Stockholders collectively have significant influence over us, including control over decisions that require the approval of stockholders, which could limit your ability to influence the outcome of matters submitted to stockholders for a vote.
- We are a “controlled company” within the meaning of Nasdaq rules and, as a result, qualify for exemptions from certain corporate governance requirements that we have relied on in the past and may do so in the future.
- Our organizational documents and Delaware law may impede or discourage a takeover, which could deprive our investors of the opportunity to receive a premium on their shares.
- Our certificate of incorporation provides that certain courts in the State of Delaware or the federal district courts of the U.S. for certain types of lawsuits is the sole and exclusive forum for substantially all disputes between us and our stockholders, which could limit our stockholders’ ability to obtain a favorable judicial forum for disputes with us or our directors, officers, or employees.
- Our certificate of incorporation contains a provision renouncing our interest and expectancy in certain corporate opportunities.
- Our certificate of incorporation provides that certain courts in the State of Delaware or the federal district courts of the United States for certain types of lawsuits is the sole and exclusive forum for substantially all disputes between us and our stockholders, which could limit our stockholders’ ability to obtain a favorable judicial forum for disputes with us or our directors, officers or employees.
- Our business could be negatively impacted as a result of shareholder activism.
- Future sales of our common stock in the public market, or the perception in the public market that such sales may occur, could reduce our stock price.
Legal proceedings
Information relating to this item is included within Note 17 of our financial statements included elsewhere within this Form 10-K.
The opening of Item 3, Legal Proceedings.4
Sources
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- 14SEC EDGARTracy A. Gehlan, President
- 15SEC EDGARKyle L. Marshall, President
- 16SEC EDGARJoel Arnao, Chief financial officer
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- 30SEC EDGARDamien Harmon, Board member
- 31SEC EDGARJose D. Tomas, Board member
- 32SEC EDGARCatherine Ann Halligan, Board member
- 33SEC EDGARChadwick P. Hume, Board member
- 34SEC EDGARKaren B. Stroup, Board member
- 35SEC EDGARPeter S. Swinburn, Board member
- 36SEC EDGARRick D. Puckett, Board member
- 37SEC EDGARScott L. O'Melia, General counsel
- 38SEC EDGARRegulation FD disclosure
- 39SEC EDGARResults of operations
- 40SEC EDGARShareholder vote
- 41SEC EDGARResults of operations
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- 43SEC EDGARResults of operations
- 44SEC EDGAREntered a material agreement
- 45SEC EDGARRegulation FD disclosure
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- 47SEC EDGAREntered a material agreement
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- 49SEC EDGARRegulation FD disclosure
- 50NasdaqNasdaq calendar
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