8-K
filed February 25, 2026, 6:59 PM ET
ticker DRVN
CIK 0001804745
other material
confidence high
sentiment negative
materiality 0.90
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.
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