Driven Brands Holdings ( (DRVN) ) has released a notification of late filing.
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Driven Brands Holdings Inc. has notified investors that it will delay filing its annual Form 10-K (Yearly Report) for the fiscal year ended December 27, 2025, via a Form 12b-25. The late filing stems from the company’s decision to restate prior financial statements for fiscal years 2024 and 2023 and multiple interim quarters in 2024 and 2025.
Management has uncovered several errors in previously issued financial statements and is still evaluating whether additional mistakes exist. In the course of this review, the company identified material weaknesses in internal control over financial reporting and concluded its internal controls and disclosure controls were not effective as of December 27, 2025.
Driven Brands says it is dedicating significant resources to complete the Form 10-K (Yearly Report) and aims to file it as soon as practicable, but it does not firmly commit to meeting the standard 15-day extension window. The company acknowledges there is a risk of a material delay if further issues are found during its ongoing review.
The company has already signaled that investors should expect significant changes in results of operations compared with the prior year because of the restatement. However, management states it cannot yet provide a reliable quantitative estimate of the impact on prior-period financial statements, as the error evaluation is still in progress.
The notification emphasizes that all statements about timing and expected results are forward-looking and subject to uncertainties, including possible additional errors and delayed reporting. The filing concludes with a confirmation that other required periodic reports have been filed and is signed by Executive Vice President and Chief Financial Officer Michael Diamond on behalf of Driven Brands, underscoring ongoing efforts to complete the review and return to timely SEC compliance.
The most recent analyst rating on (DRVN) stock is a Hold with a $16.50 price target. To see the full list of analyst forecasts on Driven Brands Holdings stock, see the DRVN Stock Forecast page.
Spark’s Take on DRVN Stock
According to Spark, TipRanks’ AI Analyst, DRVN is a Neutral.
The score is held back primarily by weak financial performance (declining TTM growth, negative profitability, and high leverage). Technicals and recent updates are more supportive—momentum is positive and earnings commentary/corporate actions emphasize Take 5 strength and debt reduction—but valuation remains constrained by losses (negative P/E).
To see Spark’s full report on DRVN stock, click here.
More about Driven Brands Holdings
Average Trading Volume: 1,188,624
Technical Sentiment Signal: Buy
Current Market Cap: $2.73B
For an in-depth examination of DRVN stock, go to TipRanks’ Overview page.