Driven Brands Holdings Inc. (DRVN): auditor change — Driven Brands Restates Financials for FY2023, FY2024, and Interim 2025 Periods

Driven Brands Holdings Inc.

Audit committee concludes material errors in previously issued financial statements for fiscal years 2023 and 2024 and interim periods in 2025; restatement required.
Errors identified include lease adjustments, cash reconciling differences, expense classification, and revenue recognition issues.
Management reports material weaknesses in internal control over financial reporting as of December 27, 2025.
Company expects to file Form 12b-25 to extend deadline for Annual Report on Form 10-K for fiscal year 2025.
Driven Brands (DRVN) discloses errors also impact ATI business revenue recognition primarily in fiscal 2025.

item 4.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Auditor Changes SEC 8-K Item 4.01/4.02 confidence 0.9

Driven Brands Holdings Inc. reported that prior financial statements should not be relied upon.

Action: non reliance
Auditor: PricewaterhouseCoopers LLP

Exact text from the filing

On February 23, 2026, the Audit Committee of the Board of Directors, after consultation with the Company’s management, concluded there were material errors in our previously issued consolidated financial statements for the fiscal year ended December 28, 2024 (“fiscal year 2024”) and the fiscal year ended December 30, 2023 (“fiscal year 2023”) contained in the Company’s Annual Report on Form 10-K for the fiscal year 2024, and in our previously issued unaudited condensed consolidated financial statements for each of the quarterly and year-to-date periods within fiscal year 2024 as well as the quarterly and year-to-date periods for the periods ended September 27, 2025, June 28, 2025 and March 29, 2025, and concluded that such financial statements should not be relied upon and required restatement (the “Restatement”).

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Source: SEC EDGAR

accession 0001804745-26-000015

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