Driven Brands Holdings Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 27, 2025 · FY), Driven Brands Holdings Inc. reported revenue of $1.9B (-20.4% year on year) and net income of $140.2M (+147.9% year on year).
| Line item | Dec 27, 2025 · FY | Dec 28, 2024 · FY | Dec 30, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Total net revenue | $1.9B | $2.3B | $2.3B | $2.0B |
| Operating expense | $1.0B | $1.4B | $1.4B | $1.2B |
| Selling, general, and administrative expenses | $496.3M | $554.8M | $443.1M | $383.5M |
| Depreciation and amortization | $81.9M | $180.1M | $175.3M | $147.2M |
| Asset impairment charges and lease terminations | $28.1M | $389.2M | $132.9M | $5.7M |
| Total operating expenses | $1.6B | $2.5B | $3.0B | $1.8B |
| Operating income | $231.1M | ($140.2M) | ($686.5M) | $199.6M |
| Interest expense, net | $121.2M | $157.0M | $164.2M | $114.1M |
| Foreign currency transaction (gain) loss, net | ($14.7M) | $20.2M | ($3.1M) | — |
| Loss on debt extinguishment | $5.4M | $205.0K | $0 | $0 |
| Other expenses, net | $111.9M | — | — | — |
| Income (loss) before taxes from continuing operations | $119.2M | — | — | — |
| Income tax (benefit) expense | ($12.8M) | ($25.1M) | ($102.7M) | $25.2M |
| Net income (loss) from continuing operations | $132.1M | — | — | — |
| Gain on sale of discontinued operations, net of tax | $35.8M | — | — | — |
| Net loss from discontinued operations, net of tax | ($27.7M) | — | — | — |
| Net income (loss) | $140.2M | ($292.5M) | ($745.0M) | $43.2M |
| Net basic earnings (loss) per share (in dollars per share) | $0.85 | -$1.79 | -$4.50 | $0.26 |
| Continuing Operations (in dollars per share) | $0.80 | — | — | — |
| Discontinued Operations (in dollars per share) | $0.05 | — | — | — |
| Net diluted earnings (loss) per share (in dollars per share) | $0.85 | -$1.82 | -$4.53 | $0.25 |
| Basic (in shares) | 162.8M | 160.3M | 161.9M | 162.8M |
| Diluted (in shares) | 163.9M | 160.3M | 161.9M | 166.7M |
| Line item | Jun 27, 2026 · Q2 | Mar 28, 2026 · Q1 | Sep 27, 2025 · Q3 | Jun 28, 2025 · Q2 |
|---|---|---|---|---|
| Total net revenue | $507.4M | $484.4M | $535.7M | $551.0M |
| Operating expense | $282.5M | $263.9M | $293.7M | $294.9M |
| Selling, general, and administrative expenses | $129.7M | $131.8M | $145.2M | $183.1M |
| Depreciation and amortization | $22.2M | $21.3M | $34.8M | $34.9M |
| Total operating expenses | $434.4M | $417.0M | $473.7M | $512.9M |
| Operating income | $73.0M | $67.4M | $61.9M | $38.1M |
| Interest expense, net | $20.8M | $23.5M | $23.6M | $31.4M |
| Foreign currency transaction loss (gain), net | $1.2M | $8.9M | ($5.4M) | ($12.2M) |
| Loss on debt extinguishment | $0 | $1.8M | $4.5M | — |
| Other expenses, net | $22.0M | $34.2M | $22.7M | $19.2M |
| Income before taxes from continuing operations | $51.0M | $33.2M | $39.2M | $18.9M |
| Income tax expense | $13.8M | $9.4M | ($21.7M) | $7.1M |
| Net income from continuing operations | $37.3M | $23.8M | $60.9M | $11.8M |
| (Loss) gain on sale of discontinued operations, net of tax | ($3.0M) | $29.3M | $0 | $37.4M |
| Net (loss) income from discontinued operations, net of tax | $0 | $1.7M | $0 | ($1.6M) |
| Net income | $34.2M | $54.8M | — | $47.6M |
| Net basic earnings per share (in dollars per share) | $0.21 | $0.33 | $0.37 | $0.29 |
| Continuing Operations (in dollars per share) | $0.23 | $0.14 | $0.37 | $0.07 |
| Discontinued Operations (in dollars per share) | -$0.02 | $0.19 | $0.00 | $0.22 |
| Net diluted earnings per share (in dollars per share) | $0.21 | $0.33 | $0.37 | $0.29 |
| Basic (in shares) | 164.5M | 164.2M | 163.9M | 162.8M |
| Diluted (in shares) | 164.9M | 164.6M | 165.1M | 164.2M |
| Line item | Dec 27, 2025 · FY | Dec 28, 2024 · FY | Dec 30, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $102.9M | $170.0M | $176.5M | $227.1M |
| Restricted cash | $162.0K | $358.0K | $657.0K | $792.0K |
| Accounts and notes receivable, net | $132.0M | $179.6M | $151.3M | $179.9M |
| Inventory | $52.4M | $67.5M | $83.2M | $72.0M |
| Prepaid and other assets | $50.1M | $42.3M | $46.7M | $40.1M |
| Income tax receivable | $49.3M | $13.7M | $15.9M | $15.1M |
| Advertising fund assets, restricted | $60.8M | $49.7M | $45.6M | $36.4M |
| Assets held for sale | $31.2M | — | — | — |
| Current assets of discontinued operations | $62.0M | $134.3M | $301.2M | $0 |
| Total current assets | $540.9M | $657.4M | $821.1M | $571.4M |
| Other assets | $114.7M | $125.4M | $56.6M | $30.6M |
| Property and equipment, net | $471.8M | $1.0B | $1.4B | $1.5B |
| Operating lease right-of-use assets | $513.5M | $1.4B | $1.4B | $1.3B |
| Deferred commissions | $7.8M | $7.2M | $6.3M | $7.1M |
| Intangibles, net | $617.8M | $665.9M | $739.4M | $765.9M |
| Goodwill | $1.2B | $1.4B | $1.5B | $2.3B |
| Deferred tax assets | $4.0M | $8.2M | $3.7M | $2.9M |
| Non-current assets of discontinued operations | $671.5M | — | — | — |
| Total assets | $4.2B | $5.3B | $5.9B | $6.5B |
| Accounts payable | $93.0M | $95.3M | $67.5M | $60.6M |
| Accrued expenses and other liabilities | $198.8M | $253.9M | $242.2M | $317.3M |
| Income tax payable | $2.7M | $6.9M | $5.4M | — |
| Current portion of long-term debt | $276.7M | $33.2M | $32.7M | $33.0M |
| Tax receivable agreement payable | $56.2M | — | — | — |
| Advertising fund liabilities | $24.7M | $22.0M | $23.4M | $36.7M |
| Current liabilities of discontinued operations | $73.8M | — | — | — |
| Total current liabilities | $725.8M | $433.9M | $427.2M | $505.4M |
| Long-term debt | $1.9B | $2.7B | $2.9B | $2.7B |
| Deferred tax liabilities | $13.6M | $87.5M | $154.7M | $276.7M |
| Operating lease liabilities | $501.5M | $1.3B | $1.3B | $1.2B |
| Tax receivable agreement payable | $73.1M | — | — | — |
| Deferred revenue | $30.4M | $31.3M | $30.5M | $30.0M |
| Long-term accrued expenses and other liabilities | $0 | $27.4M | $30.4M | $33.4M |
| Non-current liabilities of discontinued operations | $165.6M | — | — | — |
| Total liabilities | $3.4B | $4.7B | $5.0B | $4.8B |
| Preferred Stock $0.01 par value; 100,000,000 shares authorized; none issued or outstanding | 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 | 1.6M | 1.6M | 1.6M | 1.7M |
| Additional paid-in capital | $1.7B | $1.7B | $1.7B | $1.6B |
| Accumulated deficit | ($953.2M) | ($1.0B) | ($710.1M) | $84.8M |
| Accumulated other comprehensive loss | ($17.7M) | ($91.6M) | ($37.9M) | ($62.4M) |
| Total shareholders’ equity | $767.2M | $607.3M | $906.1M | $1.7B |
| Total liabilities and shareholders' equity | $4.2B | $5.3B | $5.9B | $6.5B |
| Line item | Jun 27, 2026 | Mar 28, 2026 | Sep 27, 2025 | Jun 28, 2025 |
|---|---|---|---|---|
| Cash and cash equivalents | $183.9M | $133.4M | $162.0M | $166.1M |
| Restricted cash | $100.0K | $162.0K | $335.0K | $334.0K |
| Accounts and notes receivable, net | $155.2M | $154.1M | $188.2M | $204.3M |
| Inventory | $52.1M | $49.5M | $65.2M | $67.2M |
| Prepaid and other assets | $30.3M | $25.5M | $35.2M | $45.5M |
| Income tax receivable | $48.4M | $44.8M | $16.0M | $11.3M |
| Advertising fund assets, restricted | $72.3M | $62.2M | $63.6M | $64.0M |
| Assets held for sale | $11.5M | $31.7M | $54.5M | $64.9M |
| Current assets of discontinued operations | $0 | $0 | $0 | $0 |
| Total current assets | $553.9M | $501.4M | $585.1M | $736.7M |
| Other assets | $113.3M | $112.2M | $120.8M | $104.7M |
| Property and equipment, net | $496.3M | $477.3M | $758.9M | $768.3M |
| Operating lease right-of-use assets | $548.5M | $530.1M | $570.2M | $553.1M |
| Deferred commissions | $7.8M | $7.7M | $7.6M | $7.5M |
| Intangibles, net | $606.3M | $612.2M | $655.8M | $662.9M |
| Goodwill | $1.2B | $1.2B | $1.4B | $1.4B |
| Deferred tax assets | $3.9M | $4.2M | $9.2M | $8.7M |
| Non-current assets of discontinued operations | $0 | $0 | $0 | $0 |
| Total assets | $3.5B | $3.5B | $4.2B | $4.3B |
| Accounts payable | $128.5M | $105.4M | $89.4M | $118.9M |
| Accrued expenses and other liabilities | $166.9M | $167.0M | $226.5M | $207.8M |
| Income tax payable | $2.2M | $468.0K | $13.2M | $5.3M |
| Current portion of long-term debt | $26.2M | $25.4M | $277.8M | $282.2M |
| Tax receivable agreement payable | $29.7M | $35.2M | — | — |
| Advertising fund liabilities | $23.3M | $28.9M | $18.6M | $24.2M |
| Current liabilities of discontinued operations | $0 | $0 | $0 | $0 |
| Total current liabilities | $376.7M | $362.3M | $648.1M | $661.1M |
| Long-term debt | $1.7B | $1.7B | $1.9B | $2.1B |
| Deferred tax liabilities | $26.4M | $17.8M | $72.2M | $97.0M |
| Operating lease liabilities | $535.3M | $516.9M | $541.1M | $525.6M |
| Tax receivable agreement payable | $78.6M | $73.1M | — | — |
| Deferred revenue | $29.9M | $29.4M | $29.6M | $30.2M |
| Long-term accrued expenses and other liabilities | $94.0K | $37.0K | $20.8M | $20.8M |
| Non-current liabilities of discontinued operations | $0 | $0 | $0 | $0 |
| Total liabilities | $2.7B | $2.7B | $3.4B | $3.5B |
| Preferred Stock $0.01 par value; 100,000,000 shares authorized; none issued or outstanding | 0 | 0 | 0 | 0 |
| Common stock, $0.01 par value, 900,000,000 shares authorized: and 164,979,816 and 164,531,712 shares issued and outstanding; respectively | 1.6M | 1.6M | 1.6M | 1.6M |
| Additional paid-in capital | $1.7B | $1.7B | $1.7B | $1.7B |
| Accumulated deficit | ($864.1M) | ($898.4M) | ($888.7M) | ($949.5M) |
| Accumulated other comprehensive loss | ($49.7M) | ($47.7M) | ($44.7M) | ($29.6M) |
| Total shareholders’ equity | $833.3M | $796.7M | $793.5M | $743.4M |
| Total liabilities and shareholders' equity | $3.5B | $3.5B | $4.2B | $4.3B |
| Line item | Dec 27, 2025 · FY | Dec 28, 2024 · FY | Dec 30, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income (loss) | $140.2M | ($292.5M) | ($745.0M) | $43.2M |
| Depreciation and amortization | $134.4M | $180.1M | $175.3M | $147.2M |
| Goodwill impairment | $28.3M | $0 | $851.0M | — |
| Share-based compensation expense | $32.3M | $48.1M | $15.3M | $20.6M |
| (Gain) loss on foreign denominated transactions | ($23.1M) | $29.4M | ($2.0M) | — |
| Loss (gain) on foreign currency derivatives | $8.3M | ($9.2M) | ($1.1M) | $21.0K |
| (Gain) loss on sale and disposal of businesses, fixed assets, and sale leaseback transactions | ($28.0M) | $35.7M | $4.9M | ($34.9M) |
| Loss on fair value of Seller Note | $17.0M | — | — | — |
| Reclassification of interest rate hedge to income | ($6.2M) | ($2.1M) | ($2.1M) | — |
| Bad debt expense | $18.7M | $6.7M | $1.9M | $5.8M |
| Asset impairment charges and lease terminations | $28.9M | $389.2M | $132.9M | — |
| Amortization of deferred financing costs and bond discounts | $9.7M | $9.8M | $10.3M | $8.4M |
| Amortization of cloud computing | $17.7M | $8.3M | — | — |
| Benefit for deferred income taxes | ($20.4M) | ($66.6M) | ($125.8M) | $20.6M |
| Loss on extinguishment of debt | $5.4M | $205.0K | $0 | $0 |
| Other, net | $3.9M | ($22.6M) | $24.2M | ($21.0K) |
| Accounts and notes receivable, net | ($12.1M) | ($48.2M) | $13.6M | ($58.8M) |
| Inventory | ($1.5M) | $2.6M | ($11.7M) | ($22.7M) |
| Prepaid and other assets | ($25.0M) | $3.5M | ($6.9M) | ($30.4M) |
| Advertising fund assets and liabilities, restricted | $771.0K | ($5.0M) | ($16.9M) | $12.7M |
| Other assets | ($21.4M) | ($85.5M) | ($39.8M) | ($23.4M) |
| Deferred commissions | ($578.0K) | $934.0K | $418.0K | $3.4M |
| Deferred revenue | ($1.5M) | $832.0K | $1.9M | $1.9M |
| Accounts payable | $604.0K | $29.4M | $7.4M | ($34.6M) |
| Accrued expenses and other liabilities | $30.3M | $17.6M | ($52.9M) | $2.9M |
| Income tax receivable | ($6.3M) | $10.8M | $53.0K | — |
| Cash provided by operating activities | $330.5M | $241.4M | $235.2M | $197.2M |
| Capital expenditures | ($222.8M) | ($288.5M) | ($596.5M) | ($436.2M) |
| Cash used in business acquisitions, net of cash acquired | ($11.3M) | ($3.0M) | ($59.6M) | ($763.1M) |
| Proceeds from sale leaseback transactions | $73.1M | $51.4M | $194.7M | $333.8M |
| Proceeds from Seller Note | $113.0M | — | — | — |
| Proceeds from sale or disposal of businesses and fixed assets, net of cash sold | $280.7M | $299.1M | $10.0M | $25.2M |
| Cash provided by (used in) investing activities | $232.7M | $59.0M | ($451.4M) | ($840.3M) |
| Payment of debt extinguishment and issuance costs | ($10.5M) | ($9.6M) | $0 | — |
| Proceeds from the issuance of long-term debt | $500.0M | $274.8M | $0 | $365.0M |
| Repayment of long-term debt | ($994.6M) | ($465.4M) | ($28.0M) | ($23.9M) |
| Proceeds from revolving lines of credit and short-term debt | $282.0M | $46.0M | $378.0M | $435.0M |
| Repayment of revolving lines of credit and short-term debt | ($332.0M) | ($104.0M) | ($130.0M) | ($435.0M) |
| Repayment of principal portion of finance lease liability | ($5.5M) | ($3.9M) | ($5.2M) | ($3.4M) |
| Payment of Tax Receivable Agreement | $0 | ($38.4M) | — | — |
| Acquisition of non-controlling interest | $0 | ($644.0K) | — | — |
| Share repurchases | $0 | $0 | ($50.0M) | $0 |
| Tax obligations for share-based compensation | ($4.4M) | ($1.6M) | — | — |
| Stock option exercises | $0 | $0 | $6.1M | $340.0K |
| Other, net | $0 | $0 | ($326.0K) | $1.6M |
| Line item | Jun 27, 2026 · YTD | Mar 28, 2026 · Q1 | Sep 27, 2025 · YTD | Jun 28, 2025 · YTD |
|---|---|---|---|---|
| Net income | $89.1M | $54.8M | $113.9M | $53.1M |
| Depreciation and amortization | $43.5M | $21.3M | $105.1M | $70.3M |
| Share-based compensation expense | $10.8M | $5.7M | $28.3M | $23.1M |
| Loss (gain) on foreign denominated transactions | $7.3M | $4.3M | ($21.6M) | ($17.6M) |
| Loss on foreign currency derivatives | $2.9M | $4.6M | $4.2M | $5.6M |
| Gain on sale and disposal of businesses, fixed assets, and sale leaseback transactions | ($25.7M) | ($28.2M) | ($21.6M) | ($27.7M) |
| Loss on fair value of seller note receivable | $0 | — | $17.0M | $17.0M |
| Reclassification of interest rate hedge to income | $0 | $0 | ($6.0M) | ($1.0M) |
| Bad debt expense | $3.4M | $2.7M | $13.3M | $9.3M |
| Asset impairment charges and lease terminations | $0 | $0 | $19.7M | $18.5M |
| Amortization of deferred financing costs and bond discounts | $3.8M | $2.0M | $7.4M | $6.2M |
| Amortization of cloud computing | $10.6M | $5.2M | $15.2M | $9.1M |
| Provision for deferred income taxes | $13.9M | $4.7M | ($36.6M) | $2.2M |
| Loss on extinguishment of debt | $1.8M | $1.8M | $4.5M | — |
| Other, net | ($9.1M) | ($8.8M) | ($2.5M) | ($3.6M) |
| Accounts and notes receivable, net | ($26.2M) | ($24.0M) | ($30.9M) | ($40.7M) |
| Inventory | $211.0K | $2.8M | $2.7M | $773.0K |
| Prepaid and other assets | $18.1M | $22.6M | $2.2M | ($6.3M) |
| Advertising fund assets and liabilities, restricted | ($14.0M) | ($2.6M) | ($14.8M) | ($11.6M) |
| Other assets | ($7.9M) | ($2.9M) | ($18.2M) | ($104.0K) |
| Deferred commissions | ($2.0K) | $87.0K | ($343.0K) | $303.0K |
| Deferred revenue | ($492.0K) | ($955.0K) | ($1.7M) | ($1.2M) |
| Accounts payable | $36.0M | $12.3M | ($533.0K) | $28.7M |
| Accrued expenses and other liabilities | ($17.5M) | ($14.5M) | $39.3M | $22.7M |
| Income tax receivable | ($7.4M) | ($5.8M) | $16.6M | ($1.4M) |
| Cash provided by operating activities | $132.9M | $57.2M | $234.7M | $155.5M |
| Capital expenditures | ($80.9M) | ($34.1M) | ($167.4M) | ($127.6M) |
| Cash used in business acquisitions, net of cash acquired | $0 | — | ($8.1M) | ($6.0M) |
| Proceeds from sale leaseback transactions | $23.0M | $7.2M | $35.3M | $22.8M |
| Proceeds from sale or disposal of businesses and fixed assets, net of cash sold | $484.2M | $466.9M | $277.1M | $268.4M |
| Cash provided by investing activities | $426.3M | $440.0M | $249.8M | $157.6M |
| Payment of debt extinguishment and issuance costs | $0 | $0 | ($1.4M) | ($1.4M) |
| Repayment of long-term debt | ($340.3M) | ($336.9M) | ($370.9M) | ($305.4M) |
| Proceeds from revolving lines of credit and short-term debt | $107.0M | $107.0M | $121.0M | $65.0M |
| Repayment of revolving lines of credit and short-term debt | ($247.0M) | ($247.0M) | ($236.0M) | ($75.0M) |
| Repayment of principal portion of finance lease liability | ($3.8M) | ($1.7M) | ($3.6M) | ($2.4M) |
| Payment of Tax Receivable Agreement | ($21.6M) | ($21.6M) | $0 | $0 |
| Tax obligations for share-based compensation | ($2.2M) | ($1.5M) | ($3.9M) | ($2.6M) |
| Cash used in financing activities | ($507.8M) | ($501.6M) | ($494.8M) | ($321.9M) |
| Effect of exchange rate changes on cash | ($1.5M) | ($616.0K) | $4.7M | $5.5M |
| Net change in cash, cash equivalents, restricted cash, and cash included in advertising fund assets, restricted | $49.8M | ($5.1M) | ($5.5M) | ($3.3M) |
| Cash and cash equivalents, beginning of period | $132.7M | $132.7M | $170.0M | $170.0M |
| Cash included in advertising fund assets, restricted, beginning of period | $52.2M | $52.2M | $38.9M | $38.9M |
| Restricted cash, beginning of period | $162.0K | $162.0K | $358.0K | $358.0K |
| Cash, cash equivalents, restricted cash, and cash included in advertising fund assets, restricted, beginning of period | $185.0M | $185.0M | $209.2M | $209.2M |
Driven Brands Holdings Inc. score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.