Driven Brands Holdings ( (DRVN) ) has released a notification of late filing.
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Driven Brands Holdings Inc. has filed a Form 12b-25 to notify investors of a delay in submitting its Form 10-Q (Quarter Report) for the quarter ended March 28, 2026. The delayed filing primarily stems from an ongoing restatement of previously issued financial statements and the resulting delay in completing its Form 10-K (Yearly Report) for the year ended December 27, 2025.
Management acknowledges that the company did not maintain effective internal control over financial reporting or disclosure controls and procedures. Identified material weaknesses affect account reconciliations, lease accounting, intercompany and consolidation transactions, and manual journal entries, signaling broad control issues that have slowed reliable financial reporting.
The company states it is dedicating significant resources to finalize both the 2025 Form 10-K (Yearly Report) and the 2026Q1 Form 10-Q (Quarter Report). While it does not provide a precise date, it emphasizes that it is working diligently to file these reports as soon as practicable, suggesting investors may face continued uncertainty in the near term.
Driven Brands highlights that significant changes in operating results are expected once the restated figures are released. For Q1 2025, net revenue is now expected to fall between $441 million and $451 million, versus the previously reported $516 million, mainly due to discontinued operations and smaller restatement impacts, which underscores the scale of the adjustments.
The notification stresses that these disclosures include forward-looking statements that may change as the review continues. The company cautions that additional material errors could still be identified, even as it works to remediate control weaknesses and restore compliance, a process formally endorsed by the signature of Executive Vice President and Chief Financial Officer Michael Diamond on May 8, 2026.
The most recent analyst rating on (DRVN) stock is a Buy with a $22.00 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: 2,089,192
Technical Sentiment Signal: Sell
Current Market Cap: $2.26B
See more insights into DRVN stock on TipRanks’ Stock Analysis page.