Driven Brands Holdings Inc

For the period ended Mar 29, 2025. Filed May 8, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 29, 2025 · Filed May 8, 2025

DRVN$12.26+3.1%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Consolidated Balance Sheets

CONSOLIDATED BALANCE SHEETS (Unaudited)

(in thousands, except share and per share amounts)	March 29, 2025	December 28, 2024
Assets
Current assets:
Cash and cash equivalents	$152,042	$149,573
Restricted cash	332	358
Accounts and notes receivable, net	201,217	177,654
Inventory	63,829	66,539
Prepaid and other assets	47,771	37,841
Income tax receivable	12,917	14,294
Advertising fund assets, restricted	55,140	49,716
Assets held for sale	70,691	77,616
Current assets of discontinued operations	67,442	83,847
Total current assets	671,381	657,438
Other assets	127,278	125,422
Property and equipment, net	734,511	711,505
Operating lease right-of-use assets	535,242	524,442
Deferred commissions	7,315	7,246
Intangibles, net	662,417	665,896
Goodwill	1,413,298	1,403,056
Deferred tax assets	8,363	8,206
Non-current assets of discontinued operations	1,141,846	1,158,576
Total assets	$5,301,651	$5,261,787
Liabilities and shareholders' equity
Current liabilities:
Accounts payable	$110,377	$85,843
Accrued expenses and other liabilities	201,955	193,638
Income tax payable	1,518	6,860
Current portion of long-term debt	32,234	32,232
Income tax receivable liability	22,674	22,676
Advertising fund liabilities	24,058	22,030
Current liabilities of discontinued operations	64,490	70,616
Total current liabilities	457,306	433,895
Long-term debt	2,616,272	2,656,308
Deferred tax liabilities	94,165	87,485
Operating lease liabilities	505,980	491,282
Income tax receivable liability	110,907	110,935
Deferred revenue	31,060	31,314
Long-term accrued expenses and other liabilities	19,867	20,122
Non-current liabilities of discontinued operations	822,851	823,112
Total liabilities	4,658,408	4,654,453

Commitments and contingencies (Note 12)
Preferred Stock $0.01 par value; 100,000,000 shares authorized; none issued or outstanding	—	—
Common stock, $0.01 par value, 900,000,000 shares authorized: and 164,274,617 and 163,842,248 shares outstanding; respectively	1,643	1,638
Additional paid-in capital	1,709,580	1,699,851
Accumulated deficit	(997,077)	(1,002,583)
Accumulated other comprehensive loss	(70,903)	(91,572)
Total shareholders’ equity	643,243	607,334
Total liabilities and shareholders' equity	$5,301,651	$5,261,787

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.