The strong Q4 EPS beat and deleveraging provide near-term positive catalysts, but the flat FY2026 EBITDA guidance and elevated restatement costs cap upside. Watch for the 10-K filing (due June 10) to resolve Nasdaq listing uncertainty and for Q1 2026 results (expected by July 3) to confirm the pace of recovery. Take 5's continued same-store sales momentum is a key positive to monitor.
Price Chart
Executive Summary
Driven Brands reported Q4 2025 adjusted EPS of $0.34 (42% beat vs $0.24 consensus) on revenue of $460.1M (+8% YoY, 1% beat), completed the restatement of prior-period financials, and provided FY 2026 revenue guidance of $1.95-$2.05B with adjusted EBITDA of $430-$460M (roughly flat vs FY 2025). The company also reiterated Q1 2026 preliminary revenue of $475-$485M and noted improved pro forma net leverage of 3.3x after the IMO divestiture. While the EPS beat is strong, the flat EBITDA outlook and ongoing Nasdaq compliance overhang keep the overall picture mixed.
Key Financial Metrics
Key Facts
- Q4 2025 adjusted EPS $0.34 vs consensus $0.24 (42% beat)
- Q4 2025 revenue $460.1M vs consensus $455.5M (1% beat), up 8% YoY
- FY 2025 revenue $1.862B, up 6% YoY; adjusted EBITDA $449.1M, up $6M YoY
- Completed restatement of FY2023 and FY2024 financials; net impact reduced historical EBITDA by ~$57M in FY2023 and ~$12M in FY2024
- Provided FY2026 guidance: revenue $1.95-$2.05B, adj. EBITDA $430-$460M, adj. diluted EPS $1.15-$1.25 (includes $35-$45M restatement costs)
- Pro forma net leverage improved to 3.3x after $411M IMO divestiture proceeds used to pay down debt
- Take 5 same-store sales grew 3.7% in Q4 and 6.2% for FY2025 (22nd consecutive quarter of growth)
- Nasdaq non-compliance notice received in April 2026 due to delayed 10-K filing; the company expects to file by June 10, 2026
Financial Impact
Adjusted EPS surprise of +42% on a $0.10 beat; revenue beat of 1%; FY2026 adjusted EBITDA guidance midpoint of $445M is ~1% below FY2025 actual of $449.1M.
Risk Factors
- Nasdaq delisting risk if 10-K filing is further delayed beyond June 10, 2026
- Restatement-related costs could recur or be higher than guided ($35-$45M in FY2026)
- Consumer spending slowdown could pressure automotive service demand and same-store sales
- Franchise Brands segment saw negative same-store sales (-1.1% in FY2025); trend may persist
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001804745-26-000044 |
| Document: drvn-20260519.htm | 0001804745-26-000044 |
| Document: 0001804745-26-000044-index-headers.html | 0001804745-26-000044 |
| Document: 0001804745-26-000044-index.html | 0001804745-26-000044 |
| Document: 0001804745-26-000044.txt | 0001804745-26-000044 |
| 8-K Data (Synthetic) | 0001804745-26-000044 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 15, 2026 5w ago | 8-K | $12.52 $12.28 | ▼ −1.92% | ▼ −2.73% | $11.69 (−6.63%) |
Aug 6, 2026 11w ago | 8-K | $12.96 $12.86 | ▼ −0.77% | ▼ −1.98% | $11.69 (−9.80%) |
Jun 16, 2026 18w ago | DEFA14A | $12.55 $13.19 | ▲ +5.10% | ▲ +6.14% | $11.69 (−6.85%) |
Jun 11, 2026 19w ago | 8-K | $13.83 $12.55 | ▼ −9.26% | ▼ −9.69% | $11.69 (−15.47%) |
Jun 5, 2026 20w ago | 8-K | $13.47 $13.46 | ▲ +0.07% | ▲ +2.19% | $11.69 (+13.21%) |
May 19, 2026 22w ago | 8-K | $13.23 $14.03 | ▲ +6.05% | ▲ +3.80% | $11.69 (−11.64%) |
Apr 23, 2026 26w ago | 8-K | $12.39 $12.74 | ▲ +2.82% | ▲ +1.35% | $11.69 (−5.65%) |
Apr 21, 2026 26w ago | 8-K | $12.64 $12.44 | ▲ +1.62% | ▲ +1.68% | $11.69 (+7.52%) |
Feb 25, 2026 34w ago | 8-K | $11.60 $11.01 | ▲ +5.09% | ▲ +3.99% | $11.69 (−0.78%) |
Feb 25, 2026 34w ago | 8-K | $11.60 $11.01 | ▲ +5.09% | ▲ +3.99% | $11.69 (−0.78%) |
US Market Status
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