Driven Brands Holdings Inc.
For the period ended Sep 27, 2025. Filed Nov 5, 2025.
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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.
Sep 27, 2025 · Filed Nov 5, 2025
DRVN$12.26+3.1%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
CONSOLIDATED BALANCE SHEETS (Unaudited)
| (in thousands, except share and per share amounts) | September 27, 2025 | December 28, 2024 |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $162,028 | $149,573 |
| Restricted cash | 335 | 358 |
| Accounts and notes receivable, net | 188,208 | 177,654 |
| Inventory | 65,195 | 66,539 |
| Prepaid and other assets | 35,178 | 37,841 |
| Income tax receivable | 16,025 | 14,294 |
| Advertising fund assets, restricted | 63,617 | 49,716 |
| Assets held for sale | 54,540 | 77,616 |
| Current assets of discontinued operations | — | 83,847 |
| Total current assets | 585,126 | 657,438 |
| Other assets | 120,802 | 125,422 |
| Property and equipment, net | 758,874 | 711,505 |
| Operating lease right-of-use assets | 570,213 | 524,442 |
| Deferred commissions | 7,589 | 7,246 |
| Intangibles, net | 655,792 | 665,896 |
| Goodwill | 1,445,383 | 1,403,056 |
| Deferred tax assets | 9,151 | 8,206 |
| Non-current assets of discontinued operations | — | 1,158,576 |
| Total assets | $4,152,930 | $5,261,787 |
| Liabilities and shareholders' equity | ||
| Current liabilities: | ||
| Accounts payable | $89,355 | $85,843 |
| Accrued expenses and other liabilities | 226,515 | 193,638 |
| Income tax payable | 13,190 | 6,860 |
| Current portion of long-term debt | 277,770 | 32,232 |
| Income tax receivable liability | 22,674 | 22,676 |
| Advertising fund liabilities | 18,644 | 22,030 |
| Current liabilities of discontinued operations | — | 70,616 |
| Total current liabilities | 648,148 | 433,895 |
| Long-term debt | 1,936,610 | 2,656,308 |
| Deferred tax liabilities | 72,249 | 87,485 |
| Operating lease liabilities | 541,110 | 491,282 |
| Income tax receivable liability | 110,907 | 110,935 |
| Deferred revenue | 29,641 | 31,314 |
| Long-term accrued expenses and other liabilities | 20,775 | 20,122 |
| Non-current liabilities of discontinued operations | — | 823,112 |
| Total liabilities | 3,359,440 | 4,654,453 |
| 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 164,454,218 and 163,842,248 shares outstanding; respectively | 1,645 | 1,638 |
| Additional paid-in capital | 1,725,174 | 1,699,851 |
| Accumulated deficit | (888,651) | (1,002,583) |
| Accumulated other comprehensive loss | (44,678) | (91,572) |
| Total shareholders’ equity | 793,490 | 607,334 |
| Total liabilities and shareholders' equity | $4,152,930 | $5,261,787 |
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