Every 10-Q that Driven Brands Holdings Inc. (DRVN) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow DRVN and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full DRVN filings page.
Driven Brands Holdings Inc. reported stronger Q3 results. Total net revenue reached $535.7 million, up from $502.3 million a year ago, with operating income of $61.9 million versus $49.6 million. Net income was $60.9 million compared to a prior-year net loss, reflecting improved operations and a discrete income tax benefit.
Year to date, revenue was $1.60 billion, and net income was $113.9 million, including a $37.4 million gain on the sale of discontinued operations. The company completed the sale of its U.S. Car Wash business on April 10, 2025, which is reported as discontinued operations.
Balance sheet and cash flows improved: long-term debt fell to $1.94 billion from $2.66 billion at year-end, aided by full repayment of the Term Loan. Operating cash flow was $234.7 million for the nine months, while investing activities provided $249.8 million, supported by asset sales and proceeds from a Seller Note. As of November 3, 2025, common shares outstanding were 164,454,218. Subsequent to quarter end, the company issued $500 million of 2025-1 Securitization Senior Notes at 5.296%.
Driven Brands (DRVN) Q2-25 10-Q highlights: Net revenue rose 6.2% YoY to $551 million, driven by 10% growth in Company-operated Take 5 sales and a 19% lift in Independently-operated Car Wash sales. However, SG&A jumped 53% to $183 million, shrinking operating income 58% to $38 million and cutting continuing-ops EPS to $0.07 (vs $0.22).
Strategic actions: On 10 Apr 2025 DRVN closed the $385 million sale of its U.S. Car Wash business ( $252 m cash + $130 m seller note) recording a $37.4 m after-tax gain. Proceeds repaid $268 m of term debt; total debt fell 12% to $2.41 b and leverage improved. New reportable segments are Take 5, Franchise Brands and Car Wash (international), which generated Q2 Adjusted EBITDA of $108 m, $45 m and $27 m, respectively.
Liquidity & cash flow: 6-month operating cash flow climbed 45% to $156 million while free cash flow benefited from $268 million asset-sale proceeds. Cash on hand reached $166 million with $180 million drawn on the revolver. Current portion of long-term debt is $282 million.
Key items: foreign-currency gain $12 million, unrealized $17 million loss on seller note, cloud-computing amortization $7 million, share-based comp $11 million. Effective tax rate 37.7%. Pending securities and derivative litigation remains unresolved. No dividend declared.