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Driven Brands Holdings Inc. Financials

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

This page shows Driven Brands Holdings Inc. (DRVN) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 7 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).

Rhea AI DRVN FY2024

Positive operating cash is being absorbed by reinvestment and interest costs, leaving reported losses and limited balance-sheet flexibility.

From FY2022 to FY2024, operating cash flow remained positive even as net income swung to a -$292M loss, so the earnings deterioration was not matched by a collapse in cash coming in. But FY2024 capex of $289M still exceeded operating cash flow of $241M, meaning cash generation at the operating line did not translate into owner cash.

The balance sheet is more debt-heavy than it was two years ago: debt to equity reached 4.4x in FY2024 while equity fell to $607M. Interest expense of $157M exceeded EBITDA of $39.9M, showing how much of the business's earning power is already spoken for before taxes.

Near-term liquidity looks more workable than the loss figures imply, with a current ratio of 1.5x and cash of $150M. But retained earnings of -$1.0B and goodwill of $1.4B mean a meaningful part of the asset base is not a hard capital buffer.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 28 / 100
Financial Profile 28/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Driven Brands Holdings Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability
47

Driven Brands Holdings Inc. has an operating margin of 12.4%, meaning the company retains $12 of operating profit per $100 of revenue. This results in a moderate score of 47/100, indicating healthy but not exceptional operating efficiency. This is up from 11.4% the prior year.

Growth
41

Driven Brands Holdings Inc.'s revenue grew 6.3% year-over-year to $1.9B, a solid pace of expansion. This earns a growth score of 41/100.

Leverage
52

Driven Brands Holdings Inc. has a moderate D/E ratio of 2.45. This balance of debt and equity financing earns a leverage score of 52/100.

Liquidity
9

Driven Brands Holdings Inc.'s current ratio of 0.75 is below the typical benchmark, resulting in a score of 9/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Cash Flow
20

Driven Brands Holdings Inc.'s free cash flow margin of 5.8% results in a low score of 20/100. Capital expenditures of $222.8M absorb a large share of operating cash flow.

Returns
0

Driven Brands Holdings Inc. generates a 18.3% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is up from -53.8% the prior year.

Altman Z-Score Distress
0.66

Driven Brands Holdings Inc. scores 0.66, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($2.3B) relative to total liabilities ($3.4B). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Piotroski F-Score Neutral
6/9

Driven Brands Holdings Inc. passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed
2.36x

For every $1 of reported earnings, Driven Brands Holdings Inc. generates $2.36 in operating cash flow ($330.5M OCF vs $140.2M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage At Risk
1.9x

Driven Brands Holdings Inc. earns $1.9 in operating income for every $1 of interest expense ($231.1M vs $121.2M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue
$1.9B
YoY+6.3%
5Y CAGR+15.5%

Driven Brands Holdings Inc. generated $1.9B in revenue in fiscal year 2025. This represents an increase of 6.3% from the prior year.

EBITDA
$313.0M
YoY+12.3%
5Y CAGR+14.8%

Driven Brands Holdings Inc.'s EBITDA was $313.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 12.3% from the prior year.

Net Income
$140.2M
YoY+147.9%

Driven Brands Holdings Inc. reported $140.2M in net income in fiscal year 2025. This represents an increase of 147.9% from the prior year.

EPS (Diluted)
$0.85
YoY+145.7%

Driven Brands Holdings Inc. earned $0.85 per diluted share (EPS) in fiscal year 2025. This represents an increase of 145.7% from the prior year.

Cash & Balance Sheet

Free Cash Flow
$107.8M
YoY+341.2%
5Y CAGR+27.9%

Driven Brands Holdings Inc. generated $107.8M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 341.2% from the prior year.

Cash & Debt
$102.9M
YoY-0.5%
5Y CAGR-9.8%

Driven Brands Holdings Inc. held $102.9M in cash against $1.9B in long-term debt as of fiscal year 2025.

Dividends Per Share
N/A
Shares Outstanding
165M
YoY+0.4%
5Y CAGR+5.3%

Driven Brands Holdings Inc. had 165M shares outstanding in fiscal year 2025. This represents an increase of 0.4% from the prior year.

Margins & Returns

Gross Margin
N/A
Operating Margin
12.4%
YoY+1.0pp
5Y CAGR+1.9pp

Driven Brands Holdings Inc.'s operating margin was 12.4% in fiscal year 2025, reflecting core business profitability. This is up 1.0 percentage points from the prior year.

Net Margin
7.5%
YoY+24.2pp
5Y CAGR+8.0pp

Driven Brands Holdings Inc.'s net profit margin was 7.5% in fiscal year 2025, showing the share of revenue converted to profit. This is up 24.2 percentage points from the prior year.

Return on Equity
18.3%
YoY+72.1pp
5Y CAGR+18.6pp

Driven Brands Holdings Inc.'s ROE was 18.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 72.1 percentage points from the prior year.

Capital Allocation

R&D Spending
N/A
Share Buybacks
$0

Driven Brands Holdings Inc. spent $0 on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures
$222.8M
YoY-22.8%
5Y CAGR+33.5%

Driven Brands Holdings Inc. invested $222.8M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 22.8% from the prior year.

DRVN Income Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Revenue $460.1M-4.0% $479.5M+0.9% $475.2M+6.2% $447.6M+4.8% $427.2M-4.1% $445.3M-2.0% $454.5M+6.8% $425.4M
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 N/A $143.2M-4.8% $150.5M+20.7% $124.7M-22.7% $161.4M+17.7% $137.1M+16.2% $117.9M+3.3% $114.2M
Operating Income $78.2M+53.0% $51.1M+8.6% $47.0M-14.1% $54.8M+246.7% $15.8M-67.2% $48.2M-33.4% $72.4M+14.0% $63.5M
Interest Expense N/A $25.2M-19.2% $31.1M-14.1% $36.3M-3.8% $37.7M-13.5% $43.6M+26.9% $34.3M-21.5% $43.8M
Income Tax N/A -$34.3M-522.5% $8.1M+49.1% $5.5M+107.7% -$70.4M-564.5% $15.2M+5.5% $14.4M+124.9% $6.4M
Net Income $21.2M-61.5% $55.0M+1.8% $54.0M+444.5% $9.9M+103.2% -$306.8M-1952.7% -$14.9M-149.6% $30.2M+607.8% $4.3M
EPS (Diluted) $0.13-60.6% $0.330.0% $0.33+450.0% $0.06+103.1% $-1.92-1645.5% $-0.11-184.6% $0.13+225.0% $0.04

DRVN Balance Sheet

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Total Assets $4.2B+0.2% $4.2B-3.5% $4.3B-18.7% $5.3B+0.8% $5.3B-8.1% $5.7B-1.1% $5.8B-1.0% $5.8B
Current Assets $540.9M+0.4% $538.6M-21.4% $685.2M+12.0% $611.8M+0.6% $607.9M-11.7% $688.0M-1.5% $698.4M-7.8% $757.5M
Cash & Equivalents $102.9M-7.1% $110.8M+4.8% $105.7M+10.7% $95.5M-7.7% $103.4M-1.0% $104.5M+49.8% $69.8M-34.1% $105.8M
Inventory $52.4M+10.4% $47.5M-1.7% $48.3M-0.8% $48.7M-0.5% $48.9M-2.0% $49.9M-5.1% $52.6M-2.8% $54.1M
Accounts Receivable N/A N/A N/A N/A N/A N/A N/A N/A
Goodwill $1.2B+0.3% $1.2B0.0% $1.2B+0.7% $1.2B+0.1% $1.2B-0.7% $1.2B-2.0% $1.2B-0.1% $1.2B
Total Liabilities $3.4B-0.7% $3.4B-5.6% $3.6B-23.2% $4.7B+0.1% $4.7B-2.7% $4.8B-1.7% $4.9B-1.8% $5.0B
Current Liabilities $725.8M+8.2% $671.0M-1.2% $679.2M+42.2% $477.7M+6.4% $448.8M+4.7% $428.8M+8.2% $396.3M-14.9% $465.8M
Long-Term Debt $1.9B-3.2% $1.9B-7.3% $2.1B-19.8% $2.6B-1.5% $2.7B-2.6% $2.7B-4.3% $2.9B-1.6% $2.9B
Total Equity $767.2M+4.3% $735.3M+7.3% $685.1M+17.8% $581.4M+6.9% $543.8M-38.0% $876.9M+2.1% $858.6M+3.7% $828.3M
Retained Earnings -$953.2M+2.2% -$974.4M+5.3% -$1.0B+5.0% -$1.1B+0.9% -$1.1B-39.0% -$786.6M-2.4% -$768.4M+2.7% -$790.0M

DRVN Cash Flow Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Operating Cash Flow $90.6M+1.4% $89.4M+20.3% $74.3M-2.7% $76.3M+106.3% $37.0M-64.8% $105.3M+150.2% $42.1M-29.4% $59.6M
Capital Expenditures $54.4M+24.5% $43.7M-23.2% $56.9M-16.1% $67.8M+2.5% $66.1M-0.7% $66.6M+0.2% $66.4M-25.8% $89.5M
Free Cash Flow $36.2M-20.8% $45.7M+162.5% $17.4M+102.9% $8.6M+129.4% -$29.1M-175.3% $38.7M+258.8% -$24.4M+18.5% -$29.9M
Investing Cash Flow -$13.9M-115.7% $88.3M-56.9% $205.0M+538.6% -$46.7M-2633.1% $1.8M-97.8% $82.3M+32284.3% $254K+100.7% -$34.3M
Financing Cash Flow -$69.1M+60.2% -$173.3M+36.8% -$274.2M-466.1% -$48.4M+36.7% -$76.5M+38.8% -$124.9M-80.7% -$69.1M-107.2% -$33.4M
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 N/A $0+100.0% -$2K N/A N/A

DRVN Financial Ratios

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Gross Margin N/A N/A N/A N/A N/A N/A N/A N/A
Operating Margin 17.0%+6.3pp 10.7%+0.8pp 9.9%-2.3pp 12.2%+8.5pp 3.7%-7.1pp 10.8%-5.1pp 15.9%+1.0pp 14.9%
Net Margin 4.6%-6.9pp 11.5%+0.1pp 11.4%+9.2pp 2.2%+74.0pp -71.8%-68.5pp -3.4%-10.0pp 6.6%+5.6pp 1.0%
Return on Equity 2.8%-4.7pp 7.5%-0.4pp 7.9%+6.2pp 1.7%+58.1pp -56.4%-54.7pp -1.7%-5.2pp 3.5%+3.0pp 0.5%
Return on Assets 0.5%-0.8pp 1.3%+0.1pp 1.3%+1.1pp 0.2%+6.0pp -5.8%-5.6pp -0.3%-0.8pp 0.5%+0.4pp 0.1%
Current Ratio 0.75-0.1 0.80-0.2 1.01-0.3 1.28-0.1 1.35-0.3 1.60-0.2 1.76+0.1 1.63
Debt-to-Equity 2.45-0.2 2.65-0.4 3.06-1.4 4.50-0.4 4.89+1.8 3.11-0.2 3.33-0.2 3.50
FCF Margin 7.9%-1.7pp 9.5%+5.9pp 3.7%+1.8pp 1.9%+8.7pp -6.8%-15.5pp 8.7%+14.1pp -5.4%+1.7pp -7.0%

Note: The current ratio is below 1.0 (0.75), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

Driven Brands Holdings Inc. (DRVN) reported $1.9B in total revenue for fiscal year 2025. This represents a 6.3% 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.

Driven Brands Holdings Inc. (DRVN) revenue grew by 6.3% year-over-year, from $1.8B to $1.9B in fiscal year 2025.

Yes, Driven Brands Holdings Inc. (DRVN) reported a net income of $140.2M in fiscal year 2025, with a net profit margin of 7.5%.

Driven Brands Holdings Inc. (DRVN) reported diluted earnings per share of $0.85 for fiscal year 2025. This represents a 145.7% 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.

Driven Brands Holdings Inc. (DRVN) had EBITDA of $313.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2025, Driven Brands Holdings Inc. (DRVN) had $102.9M in cash and equivalents against $1.9B in long-term debt.

Driven Brands Holdings Inc. (DRVN) had an operating margin of 12.4% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Driven Brands Holdings Inc. (DRVN) had a net profit margin of 7.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Driven Brands Holdings Inc. (DRVN) has a return on equity of 18.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Driven Brands Holdings Inc. (DRVN) generated $107.8M in free cash flow during fiscal year 2025. This represents a 341.2% 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.

Driven Brands Holdings Inc. (DRVN) generated $330.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Driven Brands Holdings Inc. (DRVN) had $4.2B in total assets as of fiscal year 2025, including both current and long-term assets.

Driven Brands Holdings Inc. (DRVN) invested $222.8M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Driven Brands Holdings Inc. (DRVN) had 165M shares outstanding as of fiscal year 2025.

Driven Brands Holdings Inc. (DRVN) had a current ratio of 0.75 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

Driven Brands Holdings Inc. (DRVN) had a debt-to-equity ratio of 2.45 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Driven Brands Holdings Inc. (DRVN) had a return on assets of 3.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Driven Brands Holdings Inc. (DRVN) has an Altman Z-Score of 0.66, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

Driven Brands Holdings Inc. (DRVN) has a Piotroski F-Score of 6 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Driven Brands Holdings Inc. (DRVN) has an earnings quality ratio of 2.36x, considered cash-backed (high 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.

Driven Brands Holdings Inc. (DRVN) has an interest coverage ratio of 1.9x, 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.

Driven Brands Holdings Inc. (DRVN) scores 28 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.

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