Driven Brands Holdings Inc. DRVN
Driven Brands is the largest automotive services company in North America with a growing and highly-franchised base of over 4,200 locations across 49 U.S. states and Canada. Our scaled, diversified platform provides high-quality services to an extensive range of retail, commercial, and insurance customers. Our breadth of services covers a wide variety of automotive needs, including routine maintenance services, such as oil changes, as well as paint, collision, glass, and repair services. Our portfolio of brands continues to generate consistent revenue with strong operating margins. Our network generated approximately $1.9 billion in net revenue from approximately $6.1 billion in system-wide sales in 2025.
Valuation FY2025 figures against the last close
Where the revenue comes from as reported in the latest 10-K
Revenue by geography
- United States
- Canada
| Region | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| United States | $1.80B | $1.64B | $1.58B |
| Canada | $64.9M | $108.6M | $134.4M |
As the company reported it, from the “Segment Information - Schedule of Information Relating to Geographic Regions (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.86B | $1.75B | $1.71B | $2.03B | $1.47B | $904.2M | $600.3M | — |
| SG&A | $496.3M | $465.0M | $389.6M | $401.7M | $292.3M | $218.3M | $142.2M | — |
| Total operating expenses | $1.63B | $1.55B | $1.59B | $1.83B | $1.29B | $809.5M | $530.3M | — |
| Operating income | $231.1M | $199.8M | $115.2M | $199.6M | $177.1M | $94.7M | $70.0M | — |
| Interest expense | $121.2M | $157.0M | $160.4M | $114.1M | $75.9M | $95.6M | $56.8M | — |
| Pre-tax income | $119.2M | $25.1M | -$41.1M | $68.3M | $34.9M | $7.2M | $12.6M | — |
| Income tax | $12.8M | $24.5M | $5.6M | $25.2M | $25.4M | $11.4M | $4.8M | — |
| Net income | $132.1M | $546.0K | -$46.8M | $43.2M | $9.5M | -$4.2M | $7.7M | — |
| EPS, basic | 0.85 | -1.86 | -4.94 | 0.26 | 0.06 | -0.04 | 0.09 | — |
| EPS, diluted | 0.85 | -1.86 | -4.94 | 0.25 | 0.06 | -0.04 | 0.09 | — |
| Shares, diluted (wtd. avg.) | 163.9M | 161.2M | 161.9M | 166.7M | 164.6M | 104.3M | 89.0M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $105.7M | $69.8M | $132.6M | $150.1M | $523.4M | $172.6M | $34.9M | $37.5M |
| Inventory | $48.3M | $52.6M | $54.1M | $72.0M | $47.0M | $43.0M | — | — |
| Total current assets | $685.2M | $698.4M | $757.5M | $571.4M | $768.9M | $373.7M | — | — |
| Property, plant and equipment | $466.1M | $402.7M | $388.1M | $1.55B | $1.35B | $827.4M | — | — |
| Goodwill | $1.21B | $1.24B | $1.24B | $2.28B | $1.91B | $1.73B | $870.6M | — |
| Other intangibles | $628.8M | $687.5M | $694.3M | $765.9M | $816.2M | $829.3M | — | — |
| Total assets | $4.30B | $5.78B | $5.84B | $6.50B | $5.86B | $4.66B | — | — |
| Accounts payable | $121.5M | $82.5M | $85.3M | $60.6M | $83.0M | $67.8M | — | — |
| Short-term debt | $283.8M | $33.7M | $32.6M | $33.0M | $26.0M | $23.0M | — | — |
| Total current liabilities | $679.2M | $396.3M | $465.8M | $505.4M | $477.8M | $305.4M | — | — |
| Long-term debt | $2.10B | $2.85B | $2.90B | $2.71B | $2.36B | $2.10B | — | — |
| Total liabilities | $3.62B | $4.92B | $5.01B | $4.85B | $4.21B | $3.55B | — | — |
| Retained earnings | -$1.03B | -$768.4M | -$790.0M | $84.8M | $41.6M | $32.0M | — | — |
| Total equity | $685.1M | $858.6M | $828.3M | $1.65B | $1.65B | $1.11B | $289.9M | $437.7M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $330.5M | $244.0M | $228.6M | $197.2M | $283.8M | $84.0M | $41.4M | — |
| Depreciation and amortisation | $81.9M | $79.0M | $76.6M | $147.2M | $112.8M | $62.1M | $24.2M | — |
| Capital expenditure | $222.8M | $288.6M | $596.5M | $436.2M | $160.8M | $52.5M | $28.2M | — |
| Investing cash flow | $232.7M | $50.1M | -$451.4M | -$840.3M | -$814.9M | -$57.3M | -$482.4M | — |
| Financing cash flow | -$565.0M | -$303.9M | $170.3M | $343.4M | $885.5M | $118.6M | $446.5M | — |
| Buybacks | $0 | $0 | $50.0M | $0 | $43.0M | $0 | $0 | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-043634.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | $600.3M | $904.2M | $1.47B | $2.03B | $1.71B | $1.75B | $1.86B |
| Gross profit | — | — | — | — | — | — | — | — |
| Net income | — | $7.7M | -$4.2M | $9.5M | $43.2M | -$46.8M | $546.0K | $132.1M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Delisting notice The exchange has told the company it no longer meets the rules for staying listed - usually price, market cap, or filings that are late. Item 3.01
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Regulation FD disclosure Item 7.01
- Results announced Item 2.02
- Delisting notice Item 3.01
- Regulation FD disclosure Item 7.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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