Driven Brands (DRVN) financial statements
Driven Brands reported revenue of $1.9B in fiscal 2025, up 20.8% a year over 6 years.
Net income was $140M and the operating margin 12.4%, against 11.7% in 2019.
Free cash flow was $108M.
The diluted share count rose 84% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Driven Brands's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $600M | $904M | $1.5B | $2.0B | $1.7B | $1.8B | $1.9B |
| Selling, general and admin | $142M | $218M | $292M | $402M | $390M | $465M | $496M |
| Operating income | $70M | $95M | $177M | $200M | $115M | $200M | $231M |
| Interest expense | $57M | $96M | $76M | $114M | $164M | $157M | $121M |
| Pre-tax income | — | — | — | — | -$41M | $25M | $119M |
| Income tax | $5M | $11M | $25M | $25M | $6M | $25M | -$13M |
| Net income | $8M | -$4M | $10M | $43M | -$745M | -$292M | $140M |
| EPS (diluted) | $0.09 | -$0.04 | $0.06 | $0.25 | -$4.94 | -$1.86 | $0.85 |
| Diluted shares | 89M | 104M | 165M | 167M | 162M | 161M | 164M |
| Operating margin | 11.7% | 10.5% | 12.1% | 9.8% | 6.7% | 11.4% | 12.4% |
| Net margin | 1.3% | -0.5% | 0.7% | 2.1% | -43.6% | -16.7% | 7.5% |
Balance sheet
Fiscal years, from Driven Brands's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $35M | $173M | $523M | $150M | $133M | $150M | $103M |
| Inventory | — | $43M | $47M | $72M | $83M | $49M | $52M |
| Total current assets | — | $374M | $769M | $571M | $821M | $608M | $541M |
| Property, plant and equipment | — | $827M | $1.4B | $1.5B | $1.4B | $409M | $472M |
| Goodwill | $871M | $1.7B | $1.9B | $2.3B | $1.2B | $1.2B | $1.2B |
| Total assets | — | $4.7B | $5.9B | $6.5B | $5.9B | $5.3B | $4.2B |
| Total current liabilities | — | $305M | $478M | $505M | $427M | $449M | $726M |
| Long-term debt | — | $2.1B | $2.4B | $2.7B | $2.9B | $2.7B | $1.9B |
| Total liabilities | — | $3.5B | $4.2B | $4.8B | $5.0B | $4.7B | $3.4B |
| Shareholders' equity | $290M | $1.1B | $1.6B | $1.7B | $906M | $544M | $767M |
| Net debt | -$35M | $2.0B | $1.9B | $2.6B | $2.8B | $2.5B | $2.1B |
Cash flow
Fiscal years, from Driven Brands's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | $41M | $84M | $284M | $197M | $229M | $244M | $331M |
| Capital spending | $28M | $52M | $161M | $436M | $596M | $289M | $223M |
| Free cash flow | $13M | $32M | $123M | -$239M | -$368M | -$45M | $108M |
| Stock-based compensation | $1M | $1M | $4M | $21M | $20M | $52M | $32M |
| Share buybacks (net) | $0 | $0 | -$43M | $0 | -$50M | $0 | $0 |
| Net borrowing | $564M | $177M | $228M | $341M | -$28M | -$191M | -$495M |
| Free cash flow margin | 2.2% | 3.5% | 8.4% | -11.8% | -21.5% | -2.5% | 5.8% |
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Open DRVN in InvestinglyQuestions
What was Driven Brands's revenue in 2025?
$1.9B in fiscal 2025, from its 10-K filing.
How much free cash flow does Driven Brands generate?
$108M in fiscal 2025 (operating cash flow minus capital spending).
From Driven Brands's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.