Driven Brands Holdings Inc.

Listed Company

DRVNCIK 0001804745NasdaqLarge AcceleratedServices-Automotive Repair, Services & ParkingDelawareFY ends Dec 27

Period

FY 2025

Revenue

$1.86B

Net Income

$140.16M

Total Assets

$4.16B

Equity

$767.20M

Shares Out

164.93M

Op. Cash Flow

$330.54M

Business

Driven Brands Holdings Inc. is a diversified automotive services company that operates a large franchised and company-operated platform delivering a broad range of vehicle services. Its primary offerings include paint, collision, glass, mechanical repair, scheduled maintenance and oil changes, express car wash services, parts distribution, procurement, and training. The company organizes operations into Maintenance, Paint, Collision & Glass, Car Wash, and Platform Services segments. It serves retail, commercial, fleet, and insurance customers across the United States, Canada, Europe, and Australia through franchised, company-operated, independent operator, and e‑commerce distribution channels.

Summary from filing dated 2025-02-26

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	Dec 27, 2025 2025-12-27	Dec 28, 2024 2024-12-28	Dec 30, 2023 2023-12-30
Net revenue:	—	—	—
Total net revenue	1,862	1,752	1,710
Operating expenses:	—	—	—
Operating expense	1,025	952	1,005
Selling, general, and administrative expenses	496	465	390
Depreciation and amortization	82	79	77
Asset impairment charges and lease terminations	28	57	124
Total operating expenses	1,631	1,553	1,595
Operating income	231	200	115
Other expenses, net:	—	—	—
Interest expense, net	121	157	160
Foreign currency transaction (gain) loss, net	15	−18	4
Loss on debt extinguishment	−5	−205,000	0
Other expenses, net	−112	−175	−156
Income (loss) before taxes from continuing operations	119	25	−41
Income tax (benefit) expense	−13	25	6
Net income (loss) from continuing operations	132	546,000	−47
Gain on sale of discontinued operations, net of tax	36	0	0
Net loss from discontinued operations, net of tax	−28	−298	−752
Net income (loss)	140	−297	−799
Basic and Diluted (loss) earnings per share:	—	—	—
Continuing Operations (in dollars per share)	0.8	0	−0.29
Discontinued Operations (in dollars per share)	0.05	−1.86	−4.65
Net basic earnings (loss) per share (in dollars per share)	0.85	−1.86	−4.94
Continuing Operations (in dollars per share)	0.8	0	−0.29
Discontinued Operations (in dollars per share)	0.05	−1.86	−4.65
Net diluted earnings (loss) per share (in dollars per share)	0.85	−1.86	−4.94
Weighted average shares outstanding	—	—	—
Basic (in shares)	163	160	162
Diluted (in shares)	164	161	162

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	Dec 27, 2025 2025-12-27	Dec 28, 2024 2024-12-28	Sep 27, 2025 2025-09-27	Jun 28, 2025 2025-06-28	Mar 29, 2025 2025-03-29	Sep 28, 2024 2024-09-28
Assets	—	—	—	—	—	—
Current assets:	—	—	—	—	—	—
Cash and cash equivalents	103	103	111	106	96	105
Restricted cash	162,000	358,000	335,000	334,000	332,000	4
Accounts and notes receivable, net	132	146	155	177	163	140
Inventory	52	49	47	48	49	50
Prepaid and other assets	50	24	19	25	30	18
Income tax receivable	49	27	31	26	28	15
Advertising fund assets, restricted	61	48	62	63	54	54
Assets held for sale	31	79	56	66	72	317
Current assets of discontinued operations	62	131	57	61	121	171
Total current assets	541	608	539	685	612	688
Other assets	115	119	121	105	121	108
Property and equipment, net	472	409	456	466	444	412
Operating lease right-of-use assets	513	452	482	474	456	418
Deferred commissions	8	7	8	8	7	7
Intangibles, net	618	635	622	629	631	643
Goodwill	1,218	1,206	1,214	1,214	1,206	1,214
Deferred tax assets	4	7	9	9	9	5
Non-current assets of discontinued operations	671	1,809	700	713	1,808	2,223
Total assets	4,160	5,252	4,151	4,303	5,293	5,717
Liabilities and shareholders' equity	—	—	—	—	—	—
Current liabilities:	—	—	—	—	—	—
Accounts payable	93	86	93	122	112	89
Accrued expenses and other liabilities	199	160	186	160	155	168
Income tax payable	3	6	13	2	−2	1
Current portion of long-term debt	277	34	280	284	34	33
Tax receivable agreement payable	56	23	24	23	23	0
Advertising fund liabilities	25	26	23	28	28	32
Current liabilities of discontinued operations	74	114	52	61	129	105
Total current liabilities	726	449	671	679	478	429
Long-term debt	1,883	2,659	1,945	2,099	2,618	2,731
Deferred tax liabilities	14	32	4	37	33	86
Operating lease liabilities	502	440	474	467	446	409
Tax receivable agreement payable	73	111	104	104	111	133
Deferred revenue	30	32	30	31	32	32
Long-term accrued expenses and other liabilities	0	2	1	1	2	2
Non-current liabilities of discontinued operations	166	984	187	199	993	1,017
Total liabilities	3,393	4,708	3,416	3,618	4,711	4,841
Preferred Stock $0.01 par value; 100,000,000 shares authorized; none issued or outstanding	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	2	2	2	2	2	2
Additional paid-in capital	1,736	1,708	1,731	1,728	1,718	1,695
Accumulated deficit	−953	−1,093	−974	−1,029	−1,083	−787
Accumulated other comprehensive loss	−18	−72	−23	−16	−55	−33
Total shareholders’ equity	767	544	735	685	581	877
Total liabilities and shareholders' equity	4,160	5,252	4,151	4,303	5,293	5,717

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	Dec 27, 2025 2025-12-27	Dec 28, 2024 2024-12-28	Dec 30, 2023 2023-12-30
Net income (loss)	140	−297	−799
Adjustments to reconcile net income to net cash provided by operating activities:	—	—	—
Depreciation and amortization	134	181	175
Goodwill impairment	28	0	851
Share-based compensation expense	32	52	20
(Gain) loss on foreign denominated transactions	23	−25	2
Loss (gain) on foreign currency derivatives	−8	8	2
(Gain) loss on sale and disposal of businesses, fixed assets, and sale leaseback transactions	28	−27	−15
Loss on fair value of Seller Note	−17	0	0
Reclassification of interest rate hedge to income	6	2	2
Bad debt expense	19	9	11
Asset impairment charges and lease terminations	29	389	133
Amortization of deferred financing costs and bond discounts	10	10	10
Amortization of cloud computing	18	11	3
Benefit for deferred income taxes	−20	−56	−138
Loss on extinguishment of debt	−5	−205,000	0
Other, net	−4	4	−23
Changes in operating assets and liabilities, net of acquisitions:	—	—	—
Accounts and notes receivable, net	12	38	−17
Inventory	1	2	4
Prepaid and other assets	25	−3	5
Advertising fund assets and liabilities, restricted	−771,000	6	11
Other assets	21	77	40
Deferred commissions	−578,000	934,000	418,000
Deferred revenue	−2	1	2
Accounts payable	604,000	25	18
Accrued expenses and other liabilities	30	14	−45
Income tax receivable	6	13	1
Cash provided by operating activities	331	244	229
Cash flows from investing activities:	—	—	—
Capital expenditures	223	289	596
Cash used in business acquisitions, net of cash acquired	11	3	60
Proceeds from sale leaseback transactions	73	51	195
Proceeds from Seller Note	113	0	0
Proceeds from sale or disposal of businesses and fixed assets, net of cash sold	281	290	10
Cash provided by (used in) investing activities	233	50	−451
Cash flows from financing activities:	—	—	—
Payment of debt extinguishment and issuance costs	10	10	0
Proceeds from the issuance of long-term debt	500	275	0
Repayment of long-term debt	995	465	28
Proceeds from revolving lines of credit and short-term debt	282	46	378
Repayment of revolving lines of credit and short-term debt	332	104	130
Repayment of principal portion of finance lease liability	6	5	6
Payment of Tax Receivable Agreement	0	−38	0
Acquisition of non-controlling interest	0	644,000	0
Share repurchases	0	0	50
Tax obligations for share-based compensation	4	2	0
Stock option exercises	0	0	6
Other, net	0	0	−326,000
Cash (used in) provided by financing activities	−565	−304	170
Effect of exchange rate changes on cash	6	−4	484,000
Net change in cash, cash equivalents, restricted cash, and cash included in advertising fund assets, restricted	4	−14	−52
Cash and cash equivalents from continuing operations, end of period	—	—	—
Cash included in advertising fund assets, restricted, end of period	—	—	—
Restricted cash from continuing operations, end of period	—	—	—
Cash, cash equivalents, and restricted cash from discontinued operations, end of period	—	—	—
Cash, cash equivalents, restricted cash, and cash included in advertising fund assets, restricted, end of period	—	—	—
Cash and cash equivalents from continuing operations, end of period	—	—	—
Cash included in advertising fund assets, restricted, end of period	—	—	—
Restricted cash from continuing operations, end of period	—	—	—
Cash, cash equivalents, and restricted cash from discontinued operations, end of period	—	—	—
Cash, cash equivalents, restricted cash, and cash included in advertising fund assets, restricted, end of period	—	—	—
Supplemental cash flow disclosures - non-cash items:	—	—	—
Capital expenditures included in accrued expenses and other liabilities	4	16	34
Working capital adjustments included in accrued expenses and other liabilities	4	0	0
Deferred consideration included in accrued expenses and other liabilities	977,000	2	3
Proceeds from sale of fixed assets included in accounts and notes receivable, net	0	9	0
Supplemental cash flow disclosures - cash paid for:	—	—	—
Interest	121	148	156
Income taxes	25	37	23

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