earnings
confidence high
sentiment neutral
materiality 0.75
Driven Brands Q4 revenue $460M; completes restatement; IMO divestiture improves leverage
Driven Brands Holdings Inc.
- Q4 2025 revenue $460.1M (+8% YoY); adj. EBITDA $111.9M (+7% YoY).
- FY2025 net income from cont. ops $132.1M ($0.80 diluted EPS); adj. net income $199.2M ($1.21).
- Restatement completed: corrections for FY2023-2024 and interim 2025; adj. EBITDA reduced by $57M (FY23), $12M (FY24), $8M (Q1-Q3 2025).
- IMO divestiture closed Jan 27, 2026 for €411M; net proceeds used to reduce debt; pro forma net leverage 3.3x.
- FY2026 outlook: revenue ~$1.95-2.05B, adj. EBITDA $430-460M, adj. diluted EPS $1.15-1.25 (incl. $35-45M restatement costs).
item 2.02item 9.01