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Companies $DRVN
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Driven Brands Holdings Inc. logo

Driven Brands Holdings Inc.

drivenbrands.com

What Do They Do?

Provides automotive services to retail, commercial and insurance customers, including maintenance, collision and glass work.

How Do They Make Money?

Customers buy services and related products at company-operated stores when delivered; franchisees pay an initial license fee before opening and royalties at least monthly based on store sales. Other revenue comes from advertising contributions, product sales, leases, software maintenance and training.

FY2025 revenue by product or service revenue
SegmentShareRevenue
Franchise royalties and fees
Licensed

10%
FY2022: 8.5%
Company-operated store sales
Sold outright

70%
FY2022: 65%
Advertising
Recurring
5.8%
FY2022: 4.3%
Supply and other revenue
Mix

15%
FY2022: 13%

Who Are Their Customers?

Retail customers and commercial fleets use the service locations; insurance carriers use glass, collision and claims services. Business customers include franchisees operating branded locations and repair outlets supplied with parts through 1-800 Radiator.

Do Revenues Turn Into Profits?

Yes. It kept 8 cents of every revenue dollar as net income in FY2025 and turned 6 cents into free cash flow.

Operating income, FY2025
12% of revenue
▲ +16% vs FY2024 ($199.8M, 11%)
Net income, FY2025
8% of revenue
▲ Now profitable vs FY2024 (−$292.5M, −17%)
Free cash flow, FY2025
6% of revenue
▲ Now profitable vs FY2024 (−$44.7M, −3%)

How Are They Changing?

Since the FY2025 annual report
Latest quarter: Q2 FY2026, the three months to Jun 27, 2026
Revenue
▲ +7%
vs $475.2M in Q2 FY2025
Net income
▼ −37%
vs $54M in Q2 FY2025
Company-operated store sales share of revenue vs 70.1% in Q2 FY2025
  • Aug 6, 2026 Reiterated full-year financial outlook The company reiterated its outlook and expects adjusted EBITDA at the low end, partly because restatement-related costs may reach the high end of their range.
  • Jun 5, 2026 Received Nasdaq notice after a delayed quarterly filing The delayed quarterly filing followed a restatement; Nasdaq said the delay put the company out of compliance, with no immediate effect on listing or trading.

Car wash exit The older report included domestic and international conveyor car washes and a subscription membership program; the latest report says the U.S. and international car wash businesses were sold.

Revenue over time
Franchise royalties and fees Company-operated store sales Advertising Supply and other revenue Independently-operated store sales
$2.5B$1.3B$0

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