Driven Brands Holdings Inc.
Business
Driven Brands Holdings Inc. is the largest automotive services company in North America, operating a diversified, highly-franchised platform of over 4,200 locations across 49 U.S. states and Canada under brands including Take 5 Oil Change, Meineke, MAACO, CARSTAR, AutoGlassNow, and 1-800-Radiator. The company provides routine maintenance, oil changes, paint, collision, glass, and repair services to retail, commercial, and insurance customers. Operations are organized into three reportable segments: Take 5, Franchise Brands, and Auto Glass Now, each offering different service categories and customer bases.
Summary from 10-K filed 2026-05-19
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Total net revenue | 1,862 | 1,752 | 1,710 | 2,033 | 1,467 | |
| Selling, general, and administrative expenses | 496 | 465 | 390 | 402 | 292 | |
| Depreciation and amortization | 82 | 79 | 77 | — | — | |
| Asset impairment charges and lease terminations | 28 | 57 | 124 | 131 | 3 | |
| Total operating expenses | 1,631 | 1,553 | 1,595 | 1,834 | 1,290 | |
| Operating income | 231 | 200 | 115 | 200 | 177 | |
| Interest expense, net | 121 | 157 | 160 | 114 | — | |
| Foreign currency transaction (gain) loss, net | −15 | 18 | −4 | 17 | 21 | |
| Loss on debt extinguishment | 5 | 205,000 | 0 | 0 | 46 | |
| Other expenses, net | 112 | 175 | 156 | 131 | 142 | |
| Income (loss) before taxes from continuing operations | 119 | 25 | −41 | — | — | |
| Income tax (benefit) expense | −13 | 25 | 6 | 25 | 25 | |
| 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 | 43 | 10 | |
| 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 | 0.26 | 0.06 | |
| 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 | 0.25 | 0.06 | |
| Basic (in shares) | 163 | 160 | 162 | 163 | 161 | |
| Diluted (in shares) | 164 | 161 | 162 | 167 | 165 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2025 2025-09-30 | FY 2025 2025-06-30 | FY 2025 2025-03-31 | FY 2024 2024-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 103 | 111 | 106 | 96 | 103 | |
| Restricted cash | 162,000 | 335,000 | 334,000 | 332,000 | 358,000 | |
| Accounts and notes receivable, net | 132 | 155 | 177 | 163 | 146 | |
| Inventory | 52 | 47 | 48 | 49 | 49 | |
| Prepaid and other assets | 50 | 19 | 25 | 30 | 24 | |
| Income tax receivable | 49 | 31 | 26 | 28 | 27 | |
| Advertising fund assets, restricted | 61 | 62 | 63 | 54 | 48 | |
| Assets held for sale | 31 | 56 | 66 | 72 | 79 | |
| Current assets of discontinued operations | 62 | 57 | 61 | 121 | 131 | |
| Total current assets | 541 | 539 | 685 | 612 | 608 | |
| Other assets | 115 | 121 | 105 | 121 | 119 | |
| Property and equipment, net | 472 | 456 | 466 | 444 | 409 | |
| Operating lease right-of-use assets | 513 | 482 | 474 | 456 | 452 | |
| Deferred commissions | 8 | 8 | 8 | 7 | 7 | |
| Intangibles, net | 618 | 622 | 629 | 631 | 635 | |
| Goodwill | 1,218 | 1,214 | 1,214 | 1,206 | 1,206 | |
| Deferred tax assets | 4 | 9 | 9 | 9 | 7 | |
| Non-current assets of discontinued operations | 671 | 700 | 713 | 1,808 | 1,809 | |
| Total assets | 4,160 | 4,151 | 4,303 | 5,293 | 5,252 | |
| Accounts payable | 93 | 93 | 122 | 112 | 86 | |
| Accrued expenses and other liabilities | 199 | 186 | 160 | 155 | 160 | |
| Income tax payable | 3 | 13 | 2 | — | 6 | |
| Current portion of long-term debt | 277 | 280 | 284 | 34 | 34 | |
| Tax receivable agreement payable | 56 | 24 | 23 | 23 | 23 | |
| Advertising fund liabilities | 25 | 23 | 28 | 28 | 26 | |
| Current liabilities of discontinued operations | 74 | 52 | 61 | 129 | 114 | |
| Total current liabilities | 726 | 671 | 679 | 478 | 449 | |
| Long-term debt | 1,883 | 1,945 | 2,099 | 2,618 | 2,659 | |
| Deferred tax liabilities | 14 | 4 | 37 | 33 | 32 | |
| Operating lease liabilities | 502 | 474 | 467 | 446 | 440 | |
| Tax receivable agreement payable | 73 | 104 | 104 | 111 | 111 | |
| Deferred revenue | 30 | 30 | 31 | 32 | 32 | |
| Long-term accrued expenses and other liabilities | 0 | 1 | 1 | 2 | 2 | |
| Non-current liabilities of discontinued operations | 166 | 187 | 199 | 993 | 984 | |
| Total liabilities | 3,393 | 3,416 | 3,618 | 4,711 | 4,708 | |
| 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 | 2 | 2 | 2 | 2 | 2 | |
| Additional paid-in capital | 1,736 | 1,731 | 1,728 | 1,718 | 1,708 | |
| Accumulated deficit | −953 | −974 | −1,029 | −1,083 | −1,093 | |
| Accumulated other comprehensive loss | −18 | −23 | −16 | −55 | −72 | |
| Total shareholders equity | 767 | 735 | 685 | 581 | 544 | |
| Total liabilities and shareholders' equity | 4,160 | 4,151 | 4,303 | 5,293 | 5,252 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 134 | 181 | 175 | — | — | |
| Goodwill impairment | 28 | 0 | 851 | — | — | |
| Share-based compensation expense | 32 | 52 | 20 | 21 | 4 | |
| (Gain) loss on foreign denominated transactions | −23 | 25 | −2 | 17 | 25 | |
| Loss (gain) on foreign currency derivatives | 8 | −8 | −2 | 21,000 | −5 | |
| (Gain) loss on sale and disposal of businesses, fixed assets, and sale leaseback transactions | −28 | 27 | 15 | −35 | −11 | |
| Loss on fair value of Seller Note | 17 | 0 | 0 | — | — | |
| Reclassification of interest rate hedge to income | −6 | −2 | −2 | −542,000 | 0 | |
| Bad debt expense | 19 | 9 | 11 | 6 | 2 | |
| Asset impairment charges and lease terminations | 29 | 389 | 133 | — | — | |
| Amortization of deferred financing costs and bond discounts | 10 | 10 | 10 | 8 | 7 | |
| Amortization of cloud computing | 18 | 11 | 3 | 0 | — | |
| Benefit for deferred income taxes | −20 | −56 | −138 | 21 | 10 | |
| Other, net | 4 | −4 | 23 | −21,000 | −2 | |
| Accounts and notes receivable, net | −12 | −38 | 17 | −59 | −36 | |
| Inventory | −1 | −2 | −4 | −23 | −6 | |
| Prepaid and other assets | −25 | 3 | −5 | −30 | −30 | |
| Advertising fund assets and liabilities, restricted | 771,000 | −6 | −11 | 13 | 9 | |
| Other assets | −21 | −77 | −40 | −23 | 483,000 | |
| Deferred commissions | −578,000 | 934,000 | 418,000 | 3 | −2 | |
| Deferred revenue | −2 | 1 | 2 | 2 | 7 | |
| Accounts payable | 604,000 | 25 | 18 | −35 | 7 | |
| Accrued expenses and other liabilities | 30 | 14 | −45 | 3 | 129 | |
| Income tax receivable | −6 | −13 | −1 | −12 | 4 | |
| Cash provided by operating activities | 331 | 244 | 229 | 197 | 284 | |
| Capital expenditures | −223 | −289 | −596 | −436 | −161 | |
| Cash used in business acquisitions, net of cash acquired | −11 | −3 | −60 | −763 | −801 | |
| Proceeds from sale leaseback transactions | 73 | 51 | 195 | 334 | 144 | |
| Proceeds from Seller Note | 113 | 0 | 0 | — | — | |
| Proceeds from sale or disposal of businesses and fixed assets, net of cash sold | 281 | 290 | 10 | 25 | 3 | |
| Cash provided by (used in) investing activities | 233 | 50 | −451 | −840 | −815 | |
| Payment of debt extinguishment and issuance costs | −10 | −10 | 0 | −7 | −20 | |
| Proceeds from the issuance of long-term debt | 500 | 275 | 0 | 365 | 950 | |
| Repayment of long-term debt | −995 | −465 | −28 | −24 | −722 | |
| Proceeds from revolving lines of credit and short-term debt | 282 | 46 | 378 | 435 | 527 | |
| Repayment of revolving lines of credit and short-term debt | −332 | −104 | −130 | −435 | −545 | |
| Repayment of principal portion of finance lease liability | −6 | −5 | −6 | −3 | −2 | |
| Payment of Tax Receivable Agreement | 0 | −38 | 0 | 0 | — | |
| Acquisition of non-controlling interest | 0 | −644,000 | 0 | 0 | — | |
| Share repurchases | 0 | 0 | −50 | 0 | −43 | |
| Tax obligations for share-based compensation | −4 | −2 | 0 | 0 | — | |
| Stock option exercises | 0 | 0 | 6 | 340,000 | 505,000 | |
| Other, net | 0 | 0 | −326,000 | 2 | 89,000 | |
| Cash (used in) provided by financing activities | −565 | −304 | 170 | 343 | 886 | |
| Effect of exchange rate changes on cash | 6 | −4 | 484,000 | −2 | 558,000 | |
| Net change in cash, cash equivalents, restricted cash, and cash included in advertising fund assets, restricted | 4 | −14 | −52 | −302 | 355 | |
| Capital expenditures included in accrued expenses and other liabilities | 4 | 16 | 34 | 19 | 5 | |
| 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 | 35 | 16 | |
| Proceeds from sale of fixed assets included in accounts and notes receivable, net | 0 | 9 | 0 | — | — | |
| Interest | 121 | 148 | 156 | 113 | 76 | |
| Income taxes | 25 | 37 | 23 | 17 | 13 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Driven Brands Holdings Inc.'s CIK number?
Driven Brands Holdings Inc.'s SEC CIK number is 0001804745 (1804745). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Driven Brands Holdings Inc.'s SEC filings?
All of Driven Brands Holdings Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Driven Brands Holdings Inc. last report earnings?
Driven Brands Holdings Inc. (DRVN) most recently filed an earnings 8-K with the SEC on Jun 11, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001804745-26-000057). This is Driven Brands Holdings Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Driven Brands Holdings Inc.'s most recent earnings 8-K?
Driven Brands Holdings Inc.'s latest earnings 8-K (Item 2.02) was filed Jun 11, 2026 under accession 0001804745-26-000057. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Driven Brands Holdings Inc.'s latest earnings 8-K →
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