Driven Brands Holdings Inc. Financials

DRVN

Source SEC Filings (10-K/10-Q) Updated Sep 27, 2025 Currency USD FYE December

Financial Health Signals

Financial Profile 15/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Driven Brands Holdings Inc. has an operating margin of -6.0%, meaning the company retains $-6 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -29.8% the prior year.

Growth

Driven Brands Holdings Inc.'s revenue grew a modest 1.5% year-over-year to $2.3B. This slow but positive growth earns a score of 33/100.

Leverage

Driven Brands Holdings Inc. has elevated debt relative to equity (D/E of 4.37), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.

Liquidity

Driven Brands Holdings Inc.'s current ratio of 1.52 indicates adequate short-term liquidity, earning a score of 41/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

While Driven Brands Holdings Inc. generated $241.4M in operating cash flow, capex of $288.5M consumed most of it, leaving -$47.1M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Piotroski F-Score Neutral

5/9

Driven Brands Holdings Inc. passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Mixed

-0.83x

For every $1 of reported earnings, Driven Brands Holdings Inc. generates $-0.83 in operating cash flow ($241.4M OCF vs -$292.5M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage At Risk

-0.9x

Driven Brands Holdings Inc. earns $-0.9 in operating income for every $1 of interest expense (-$140.2M vs $157.0M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

This page shows Driven Brands Holdings Inc. (DRVN) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

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Key Financial Metrics

Revenue

$2.3B

YoY+1.5%

5Y CAGR+31.3%

Driven Brands Holdings Inc. generated $2.3B in revenue in fiscal year 2024. This represents an increase of 1.5% from the prior year.

EBITDA

$39.9M

YoY+107.8%

5Y CAGR-15.8%

Driven Brands Holdings Inc.'s EBITDA was $39.9M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 107.8% from the prior year.

Free Cash Flow

-$47.1M

YoY+87.0%

Driven Brands Holdings Inc. generated -$47.1M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 87.0% from the prior year.

Net Income

-$292.5M

YoY+60.7%

Driven Brands Holdings Inc. reported -$292.5M in net income in fiscal year 2024. This represents an increase of 60.7% from the prior year.

EPS (Diluted)

$-1.82

YoY+59.8%

Driven Brands Holdings Inc. earned $-1.82 per diluted share (EPS) in fiscal year 2024. This represents an increase of 59.8% from the prior year.

Cash & Debt

$149.6M

YoY-15.3%

5Y CAGR+33.8%

Driven Brands Holdings Inc. held $149.6M in cash against $2.7B in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

164M

YoY-0.1%

Driven Brands Holdings Inc. had 164M shares outstanding in fiscal year 2024. This represents a decrease of 0.1% from the prior year.

Gross Margin

N/A

Operating Margin

-6.0%

YoY+23.8pp

5Y CAGR-17.6pp

Driven Brands Holdings Inc.'s operating margin was -6.0% in fiscal year 2024, reflecting core business profitability. This is up 23.8 percentage points from the prior year.

Net Margin

-12.5%

YoY+19.8pp

5Y CAGR-13.8pp

Driven Brands Holdings Inc.'s net profit margin was -12.5% in fiscal year 2024, showing the share of revenue converted to profit. This is up 19.8 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

N/A

Share Buybacks

YoY-100.0%

Driven Brands Holdings Inc. spent $0 on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 100.0% from the prior year.

Capital Expenditures

$288.5M

YoY-51.6%

5Y CAGR+59.2%

Driven Brands Holdings Inc. invested $288.5M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 51.6% from the prior year.

DRVN Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$2.3B+1.5%	$2.3B+13.3%	$2.0B+38.6%	$1.5B+62.3%	$904.2M+50.6%	$600.3M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$554.8M+20.1%	$462.1M+15.1%	$401.7M+37.4%	$292.3M+33.9%	$218.3M+53.4%	$142.2M
Operating Income	-$140.2M+79.6%	-$686.5M-443.9%	$199.6M+12.7%	$177.1M+86.9%	$94.7M+35.3%	$70.0M
Interest Expense	$157.0M-4.4%	$164.2M+43.9%	$114.1M+50.3%	$75.9M-20.6%	$95.6M+68.3%	$56.8M
Income Tax	-$25.1M+75.5%	-$102.7M-508.0%	$25.2M-0.7%	$25.4M+123.0%	$11.4M+135.4%	$4.8M
Net Income	-$292.5M+60.7%	-$745.0M-1824.9%	$43.2M+348.4%	$9.6M+329.4%	-$4.2M-154.3%	$7.7M
EPS (Diluted)	$-1.82+59.8%	$-4.53-1912.0%	$0.25+316.7%	$0.06+250.0%	$-0.04-144.4%	$0.09

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$535.7M-2.8%	$551.0M+6.7%	$516.2M-38.3%	$836.5M+61.2%	$518.8M+7.6%	$482.0M-12.9%	$553.7M-4.7%	$581.0M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$145.2M-20.7%	$183.1M+28.0%	$143.1M-11.3%	$161.4M+34.7%	$119.8M-3.2%	$123.8M-4.7%	$130.0M+5.6%	$123.0M
Operating Income	$61.9M+62.5%	$38.1M-37.8%	$61.3M+117.6%	-$348.0M-486.4%	$90.1M+32.3%	$68.1M+49.5%	$45.5M+105.0%	-$906.9M
Interest Expense	$23.6M-24.7%	$31.4M-14.2%	$36.5M-3.1%	$37.7M+18.5%	$31.8M-27.3%	$43.8M-0.3%	$43.9M+6.3%	$41.3M
Income Tax	-$21.7M-403.3%	$7.1M+1.6%	$7.0M+110.0%	-$70.4M-445.9%	$20.4M+140.7%	$8.5M-52.7%	$17.9M+111.8%	-$151.8M
Net Income	$60.9M+28.0%	$47.6M+763.9%	$5.5M+101.8%	-$312.0M-1134.4%	$30.2M+607.8%	$4.3M+132.4%	-$13.1M+98.4%	-$799.3M
EPS (Diluted)	$0.37+27.6%	$0.29+625.0%	$0.04+102.1%	$-1.93-1172.2%	$0.18+800.0%	$0.02+122.2%	$-0.09+98.1%	$-4.83

DRVN Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$5.3B-11.0%	$5.9B-9.1%	$6.5B+11.0%	$5.9B+25.8%	$4.7B	N/A
Current Assets	$657.4M-19.9%	$821.1M+43.7%	$571.4M-25.7%	$768.9M+105.8%	$373.7M	N/A
Cash & Equivalents	$149.6M-15.3%	$176.5M-22.3%	$227.1M-56.6%	$523.4M+203.2%	$172.6M+394.1%	$34.9M
Inventory	$66.5M-20.0%	$83.2M+15.5%	$72.0M+53.3%	$47.0M+9.2%	$43.0M	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$1.4B-3.6%	$1.5B-36.1%	$2.3B+19.2%	$1.9B+10.6%	$1.7B+98.4%	$870.6M
Total Liabilities	$4.7B-7.0%	$5.0B+3.3%	$4.8B+15.1%	$4.2B+18.7%	$3.5B	N/A
Current Liabilities	$433.9M+1.6%	$427.2M-15.5%	$505.4M+5.8%	$477.8M+56.4%	$305.4M	N/A
Long-Term Debt	$2.7B-8.7%	$2.9B+7.6%	$2.7B+14.8%	$2.4B+12.1%	$2.1B	N/A
Total Equity	$607.3M-33.0%	$906.1M-45.2%	$1.7B+0.5%	$1.6B+48.9%	$1.1B+280.9%	$289.9M
Retained Earnings	-$1.0B-41.2%	-$710.1M-937.4%	$84.8M+103.8%	$41.6M+30.1%	$32.0M	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$4.2B-3.0%	$4.3B-19.2%	$5.3B+0.8%	$5.3B-9.7%	$5.8B-1.1%	$5.9B-0.3%	$5.9B+0.4%	$5.9B
Current Assets	$585.1M-20.6%	$736.7M+9.7%	$671.4M+2.1%	$657.4M-13.2%	$757.6M-7.1%	$815.8M-0.6%	$821.1M-4.3%	$857.8M
Cash & Equivalents	$162.0M-2.5%	$166.1M+9.3%	$152.0M+1.7%	$149.6M+0.5%	$148.8M-10.1%	$165.5M-6.2%	$176.5M-16.5%	$211.3M
Inventory	$65.2M-2.9%	$67.2M+5.2%	$63.8M-4.1%	$66.5M-5.7%	$70.5M-14.9%	$82.9M-0.4%	$83.2M-0.3%	$83.4M
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$1.4B+0.3%	$1.4B+2.0%	$1.4B+0.7%	$1.4B-2.0%	$1.4B-0.3%	$1.4B-1.4%	$1.5B+1.5%	$1.4B
Total Liabilities	$3.4B-5.1%	$3.5B-24.0%	$4.7B+0.1%	$4.7B-4.7%	$4.9B-2.0%	$5.0B-0.4%	$5.0B-0.1%	$5.0B
Current Liabilities	$648.1M-2.0%	$661.1M+44.6%	$457.3M+5.4%	$433.9M+20.8%	$359.2M-18.2%	$439.1M+2.8%	$427.2M-10.1%	$475.3M
Long-Term Debt	$1.9B-7.5%	$2.1B-19.9%	$2.6B-1.5%	$2.7B-7.0%	$2.9B-1.7%	$2.9B-0.2%	$2.9B+1.2%	$2.9B
Total Equity	$793.5M+6.7%	$743.4M+15.6%	$643.2M+5.9%	$607.3M-35.6%	$942.8M+4.0%	$906.2M0.0%	$906.1M+2.9%	$880.3M
Retained Earnings	-$888.7M+6.4%	-$949.5M+4.8%	-$997.1M+0.5%	-$1.0B-48.4%	-$675.7M+4.3%	-$705.8M+0.6%	-$710.1M-1.9%	-$696.9M

DRVN Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$241.4M+2.7%	$235.2M+19.3%	$197.2M-30.5%	$283.8M+237.9%	$84.0M+103.0%	$41.4M
Capital Expenditures	$288.5M-51.6%	$596.5M+36.7%	$436.2M+171.3%	$160.8M+206.4%	$52.5M+85.8%	$28.2M
Free Cash Flow	-$47.1M+87.0%	-$361.3M-51.2%	-$239.0M-294.2%	$123.1M+290.4%	$31.5M+139.9%	$13.1M
Investing Cash Flow	$59.0M+113.1%	-$451.4M+46.3%	-$840.3M-3.1%	-$814.9M-1321.8%	-$57.3M+88.1%	-$482.4M
Financing Cash Flow	-$302.8M-277.4%	$170.7M-50.3%	$343.4M-61.2%	$885.5M+646.4%	$118.6M-73.4%	$446.5M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	$163.0M
Share Buybacks	$0-100.0%	$50.0M	$0-100.0%	$43.0M	$0	$0

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	$79.2M-1.5%	$80.4M+7.0%	$75.1M+128.1%	$32.9M-29.8%	$46.9M-22.1%	$60.3M+160.6%	$23.1M-76.3%	$97.5M
Capital Expenditures	$39.8M-44.3%	$71.4M+27.0%	$56.2M-18.7%	$69.2M+4.2%	$66.4M-25.8%	$89.5M-21.4%	$113.8M-30.0%	$162.6M
Free Cash Flow	$39.5M+338.4%	$9.0M-52.4%	$18.9M+152.1%	-$36.3M-86.0%	-$19.5M+33.2%	-$29.2M+67.8%	-$90.7M-39.3%	-$65.1M
Investing Cash Flow	$92.3M-54.2%	$201.6M+558.0%	-$44.0M-679.6%	$7.6M+2889.4%	$254K+100.7%	-$34.3M+62.0%	-$90.2M+35.6%	-$140.1M
Financing Cash Flow	-$172.9M+36.9%	-$274.1M-473.9%	-$47.8M+37.3%	-$76.2M-10.7%	-$68.8M-107.2%	-$33.2M-245.4%	$22.8M-56.7%	$52.7M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	$0	N/A	N/A	$0-100.0%	$49.2M

DRVN Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	-6.0%+23.8pp	-29.8%-39.6pp	9.8%-2.3pp	12.1%+1.6pp	10.5%-1.2pp	11.7%
Net Margin	-12.5%+19.8pp	-32.3%-34.4pp	2.1%+1.5pp	0.7%+1.1pp	-0.5%-1.8pp	1.3%
Return on Equity	N/A	N/A	2.6%+2.0pp	0.6%	N/A	2.7%
Return on Assets	-5.6%+7.0pp	-12.6%-13.3pp	0.7%+0.5pp	0.2%+0.3pp	-0.1%	N/A
Current Ratio	1.52-0.4	1.92+0.8	1.13-0.5	1.61+0.4	1.22	N/A
Debt-to-Equity	4.37+1.2	3.21+1.6	1.64+0.2	1.43-0.5	1.90	N/A
FCF Margin	-2.0%+13.7pp	-15.7%-3.9pp	-11.8%-20.2pp	8.4%+4.9pp	3.5%+1.3pp	2.2%

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	11.6%+4.6pp	6.9%-5.0pp	11.9%+53.5pp	-41.6%-59.0pp	17.4%+3.2pp	14.1%+5.9pp	8.2%+164.3pp	-156.1%
Net Margin	11.4%+2.7pp	8.6%+7.6pp	1.1%+38.4pp	-37.3%-43.1pp	5.8%+4.9pp	0.9%+3.3pp	-2.4%+135.2pp	-137.6%
Return on Equity	7.7%+1.3pp	6.4%+5.5pp	0.9%	N/A	3.2%+2.7pp	0.5%	N/A	N/A
Return on Assets	1.5%+0.4pp	1.1%+1.0pp	0.1%+6.0pp	-5.9%-6.5pp	0.5%+0.4pp	0.1%+0.3pp	-0.2%+13.4pp	-13.6%
Current Ratio	0.90-0.2	1.11-0.4	1.47-0.0	1.52-0.6	2.11+0.3	1.86-0.1	1.92+0.1	1.80
Debt-to-Equity	2.44-0.4	2.82-1.2	4.07-0.3	4.37+1.3	3.03-0.2	3.210.0	3.21-0.1	3.27
FCF Margin	7.4%+5.7pp	1.6%-2.0pp	3.7%+8.0pp	-4.3%-0.6pp	-3.8%+2.3pp	-6.1%+10.3pp	-16.4%-5.2pp	-11.2%

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Frequently Asked Questions

What is Driven Brands Holdings Inc.'s annual revenue?

Driven Brands Holdings Inc. (DRVN) reported $2.3B in total revenue for fiscal year 2024. This represents a 1.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Driven Brands Holdings Inc.'s revenue growing?

Driven Brands Holdings Inc. (DRVN) revenue grew by 1.5% year-over-year, from $2.3B to $2.3B in fiscal year 2024.

Is Driven Brands Holdings Inc. profitable?

No, Driven Brands Holdings Inc. (DRVN) reported a net income of -$292.5M in fiscal year 2024, with a net profit margin of -12.5%.

What is Driven Brands Holdings Inc.'s earnings per share (EPS)?

Driven Brands Holdings Inc. (DRVN) reported diluted earnings per share of $-1.82 for fiscal year 2024. This represents a 59.8% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Driven Brands Holdings Inc.'s EBITDA?

Driven Brands Holdings Inc. (DRVN) had EBITDA of $39.9M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Driven Brands Holdings Inc. have?

As of fiscal year 2024, Driven Brands Holdings Inc. (DRVN) had $149.6M in cash and equivalents against $2.7B in long-term debt.

What is Driven Brands Holdings Inc.'s operating margin?

Driven Brands Holdings Inc. (DRVN) had an operating margin of -6.0% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Driven Brands Holdings Inc.'s net profit margin?

Driven Brands Holdings Inc. (DRVN) had a net profit margin of -12.5% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Driven Brands Holdings Inc.'s free cash flow?

Driven Brands Holdings Inc. (DRVN) generated -$47.1M in free cash flow during fiscal year 2024. This represents a 87.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Driven Brands Holdings Inc.'s operating cash flow?

Driven Brands Holdings Inc. (DRVN) generated $241.4M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Driven Brands Holdings Inc.'s total assets?

Driven Brands Holdings Inc. (DRVN) had $5.3B in total assets as of fiscal year 2024, including both current and long-term assets.

What are Driven Brands Holdings Inc.'s capital expenditures?

Driven Brands Holdings Inc. (DRVN) invested $288.5M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How many shares does Driven Brands Holdings Inc. have outstanding?

Driven Brands Holdings Inc. (DRVN) had 164M shares outstanding as of fiscal year 2024.

What is Driven Brands Holdings Inc.'s current ratio?

Driven Brands Holdings Inc. (DRVN) had a current ratio of 1.52 as of fiscal year 2024, which is generally considered healthy.

What is Driven Brands Holdings Inc.'s debt-to-equity ratio?

Driven Brands Holdings Inc. (DRVN) had a debt-to-equity ratio of 4.37 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Driven Brands Holdings Inc.'s return on assets (ROA)?

Driven Brands Holdings Inc. (DRVN) had a return on assets of -5.6% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Driven Brands Holdings Inc.'s Piotroski F-Score?

Driven Brands Holdings Inc. (DRVN) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Driven Brands Holdings Inc.'s earnings high quality?

Driven Brands Holdings Inc. (DRVN) has an earnings quality ratio of -0.83x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Driven Brands Holdings Inc. cover its interest payments?

Driven Brands Holdings Inc. (DRVN) has an interest coverage ratio of -0.9x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Driven Brands Holdings Inc.?

Driven Brands Holdings Inc. (DRVN) scores 15 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.