# Driven Brands Holdings Inc.: Form 10-Q for the period ended Sep 27, 2025

- Company: [Driven Brands Holdings Inc.](/companies/drvn.md) (CIK 1804745)
- Form: 10-Q
- Filed: 2025-11-05
- Accepted by EDGAR: Nov 5, 2025, 17:13 ET
- Period: 2025-09-27
- Accession: 0001804745-25-000091
- Inline XBRL: yes
- Main document: https://www.sec.gov/Archives/edgar/data/1804745/000180474525000091/drvn-20250927.htm
- All documents and exhibits: https://www.sec.gov/Archives/edgar/data/1804745/000180474525000091/

## Figures reported in this filing

Standardized XBRL line items for the period ended 2025-09-27.

| Line item | Period | Value | XBRL concept |
| --- | --- | ---: | --- |
| Revenue | 3 months, 2025-06-29 to 2025-09-27 | $535.7m | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax |
| Revenue | 9 months, 2024-12-29 to 2025-09-27 | $1.60bn | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax |
| Selling, general and administrative | 3 months, 2025-06-29 to 2025-09-27 | $145.2m | us-gaap:SellingGeneralAndAdministrativeExpense |
| Selling, general and administrative | 9 months, 2024-12-29 to 2025-09-27 | $471.3m | us-gaap:SellingGeneralAndAdministrativeExpense |
| Operating income | 3 months, 2025-06-29 to 2025-09-27 | $61.9m | us-gaap:OperatingIncomeLoss |
| Operating income | 9 months, 2024-12-29 to 2025-09-27 | $161.3m | us-gaap:OperatingIncomeLoss |
| Interest expense | 3 months, 2025-06-29 to 2025-09-27 | $23.6m | us-gaap:InterestExpenseNonoperating |
| Interest expense | 9 months, 2024-12-29 to 2025-09-27 | $91.5m | us-gaap:InterestExpenseNonoperating |
| Income tax | 3 months, 2025-06-29 to 2025-09-27 | −$21.7m | us-gaap:IncomeTaxExpenseBenefit |
| Income tax | 9 months, 2024-12-29 to 2025-09-27 | −$7.5m | us-gaap:IncomeTaxExpenseBenefit |
| Net income | 3 months, 2025-06-29 to 2025-09-27 | $60.9m | us-gaap:ProfitLoss |
| Net income | 9 months, 2024-12-29 to 2025-09-27 | $113.9m | us-gaap:ProfitLoss |
| Diluted EPS | 3 months, 2025-06-29 to 2025-09-27 | $0.37 | us-gaap:EarningsPerShareDiluted |
| Diluted EPS | 9 months, 2024-12-29 to 2025-09-27 | $0.69 | us-gaap:EarningsPerShareDiluted |
| Basic EPS | 3 months, 2025-06-29 to 2025-09-27 | $0.37 | us-gaap:EarningsPerShareBasic |
| Basic EPS | 9 months, 2024-12-29 to 2025-09-27 | $0.69 | us-gaap:EarningsPerShareBasic |
| Diluted shares (weighted) | 3 months, 2025-06-29 to 2025-09-27 | 165,124,000 shares | us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding |
| Diluted shares (weighted) | 9 months, 2024-12-29 to 2025-09-27 | 163,686,000 shares | us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding |
| Operating cash flow | 9 months, 2024-12-29 to 2025-09-27 | $234.7m | us-gaap:NetCashProvidedByUsedInOperatingActivities |
| Capital expenditure | 9 months, 2024-12-29 to 2025-09-27 | $167.4m | us-gaap:PaymentsToAcquireProductiveAssets |
| Cash and equivalents | at 2025-09-27 | $162.0m | us-gaap:CashAndCashEquivalentsAtCarryingValue |
| Current assets | at 2025-09-27 | $585.1m | us-gaap:AssetsCurrent |
| Total assets | at 2025-09-27 | $4.15bn | us-gaap:Assets |
| Current liabilities | at 2025-09-27 | $648.1m | us-gaap:LiabilitiesCurrent |
| Total liabilities | at 2025-09-27 | $3.36bn | us-gaap:Liabilities |
| Long-term debt | at 2025-09-27 | $1.94bn | us-gaap:LongTermDebtNoncurrent |
| Current portion of debt | at 2025-09-27 | $277.8m | us-gaap:LongTermDebtCurrent |
| Shareholders' equity | at 2025-09-27 | $793.5m | us-gaap:StockholdersEquity |

## Market risk

As filed, 280 characters.

Refer to the Company’s annual report for the year ended December 28, 2024 for a complete discussion of the Company’s market risk. There have been no material changes in the Company’s market risk from those disclosed in the Company’s Form 10-K for the year ended December 28, 2024.

## Controls and procedures

As filed, 2,131 characters.

### Evaluation of Disclosure Controls and Procedures

Our management, with the participation of our CEO and CFO, has evaluated the design effectiveness of our disclosure controls and procedures (as defined in Rules 13a--15(e) and 15d--15(e) under the Exchange Act), as of September 27, 2025. The term “disclosure controls and procedures,” means controls and other procedures of a company that are designed to ensure that information required to be disclosed by a company in the reports that it files or submits under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the Securities and Exchange Commission’s rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by a company in the reports that it files or submits under the Exchange Act is accumulated and communicated to the company’s management, including its principal executive and principal financial officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure. Management recognizes that any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving their objectives and management necessarily applies its judgment in evaluating the cost-benefit relationship of possible controls and procedures. Based on their evaluation of the design effectiveness of our disclosure controls and procedures as of September 27, 2025, our CEO and CFO have concluded that as of such date, our disclosure controls and procedures were designed effectively and will provide a reasonable level of assurance.

### Changes in Internal Control over Financial Reporting

There were no changes in our internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) that occurred during the most recently completed quarter ended September 27, 2025 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

## Risk factors

As filed, 438 characters.

For a discussion of risk factors that could adversely affect our results of operations, financial condition, business reputation or business prospects, we refer you to Part I, Item 1A "Risk Factors" included in our Annual Report on Form 10-K for the fiscal year ended December 28, 2024. There have been no material changes in the Company’s risk factors from those disclosed in the Company’s Form 10-K for the year ended December 28, 2024.

Filed Nov 5, 2025.
Source: SEC EDGAR, the filing index for accession 0001804745-25-000091. Last ingested by Listed: Nov 6, 2026, 11:59 ET. No prices; not investment advice.