Driven Brands Holdings Inc. (DRVN) Balance Sheet
DRVN balance sheet, 2025
December 31, 2025 · U.S. dollars$4.16B assets = $3.39B liabilities + $767.2M equity
Both columns are drawn to the same scale: what DRVN owns equals what it owes plus shareholders’ equity. Hover a block for its value.
DRVN financial health
Descriptive bands, not a rating. Fiscal 2025.
DRVN balance sheet trends, 2018–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $1.31B2018 | $4.16B2025 | +18.0%/yr | |
| Total liabilities | $869.2M2018 | $3.39B2025 | +21.5%/yr | |
| Shareholders’ equity | $437.7M2018 | $767.2M2025 | +8.3%/yr | |
| Cash & short-term investments | $37.5M2018 | $102.9M2025 | +15.5%/yr | |
| Total debt | $701.2M2018 | $2.66B2025 | +21.0%/yr | |
| Net cash (debt) | −$663.7M2018 | −$2.56B2025 | −$1.9B | |
| Working capital | $29.7M2018 | −$185.0M2025 | −$214.6M | |
| Book value per share | $2.662018 | $4.682025 | +8.4%/yr | |
| Current ratio | 1.332018 | 0.752025 | −0.58 | |
| Debt / equity | 1.602018 | 3.472025 | +1.87 | |
| Shares outstanding | 164.7M2018 | 163.9M2025 | −0.1%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
DRVN assets
DRVN liabilities and equity
DRVN debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
DRVN balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & short-term investments | $102.9M | $170.0M | $176.5M | $227.1M | $523.4M | $172.6M | $34.9M | $37.5M |
| Cash & equivalents | $102.9M | $170.0M | $176.5M | $227.1M | $523.4M | $172.6M | $34.9M | $37.5M |
| Receivables | $181.2M | $193.3M | $167.2M | $195.0M | $124.8M | $87.9M | $78.7M | $43.2M |
| Inventory | $52.4M | $67.5M | $83.2M | $72.0M | $47.0M | $43.0M | $26.1M | $8.5M |
| Other current assets | $204.3M | $226.6M | $394.2M | $77.3M | $73.8M | $70.2M | $45.5M | $31.0M |
| Total current assets | $540.9M | $657.4M | $821.1M | $571.4M | $768.9M | $373.7M | $185.3M | $120.2M |
| Property, plant & equipment (net) | $985.3M | $2.39B | $2.83B | $2.84B | $2.35B | $1.71B | $134.4M | $92.7M |
| Goodwill & intangible assets | $1.84B | $2.07B | $2.20B | $3.04B | $2.73B | $2.56B | $1.54B | $1.09B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $798.0M | $140.9M | $66.5M | $40.6M | $15.3M | $12.5M | $13.9M | $5.7M |
| Total assets | $4.16B | $5.26B | $5.91B | $6.50B | $5.86B | $4.66B | $1.88B | $1.31B |
| Liabilities | ||||||||
| Accounts payable | $93.0M | $95.3M | $67.5M | $60.6M | $83.0M | $67.8M | $58.9M | $31.3M |
| Short-term debt | $276.7M | $33.2M | $32.7M | $33.0M | $26.0M | $23.0M | $13.1M | $7.3M |
| Deferred revenue | $30.4M | $31.3M | $61.4M | $30.0M | $303.3M | $197.2M | $66.0M | $40.9M |
| Total current liabilities | $725.8M | $433.9M | $427.2M | $505.4M | $477.8M | $305.4M | $158.8M | $90.5M |
| Long-term debt | $1.88B | $2.66B | $2.91B | $2.71B | $2.36B | $2.10B | $1.30B | $693.9M |
| Lease obligations | $501.5M | $1.30B | $1.33B | $1.18B | $931.6M | $818.0M | — | — |
| Other long-term liabilities | $784.1M | $1.56B | $1.67B | $1.63B | $1.38B | $1.14B | $125.6M | $84.8M |
| Total liabilities | $3.39B | $4.65B | $5.00B | $4.85B | $4.21B | $3.55B | $1.59B | $869.2M |
| Shareholders' equity | ||||||||
| Common stock & paid-in capital | $1.6M | $1.6M | $1.6M | $1.7M | $1.7M | $565,000 | $284.8M | $438.8M |
| Retained earnings (deficit) | −$953.2M | −$1.00B | −$710.1M | $84.8M | $41.6M | $32.0M | — | — |
| Accumulated other comprehensive income | −$17.7M | −$91.6M | −$37.9M | −$62.4M | −$5.0M | $16.5M | $3.6M | −$1.1M |
| Minority interest | — | $0 | $644,000 | $631,000 | $1.1M | — | — | — |
| Total shareholders' equity | $767.2M | $607.3M | $906.1M | $1.65B | $1.64B | $1.10B | $288.4M | $437.7M |
| Key figures | ||||||||
| Total debt | $2.66B | $4.00B | $4.28B | $3.92B | $3.31B | $2.94B | $1.31B | $701.2M |
| Net cash (debt) | −$2.56B | −$3.83B | −$4.10B | −$3.69B | −$2.79B | −$2.77B | −$1.28B | −$663.7M |
| Working capital | −$185.0M | $223.5M | $393.9M | $66.0M | $291.1M | $68.2M | $26.5M | $29.7M |
| Tangible book value | −$1.07B | −$1.46B | −$1.29B | −$1.39B | −$1.08B | −$1.45B | −$1.25B | −$650.7M |
| Book value per share | $4.68 | $3.79 | $5.60 | $9.91 | $9.99 | $6.50 | $1.75 | $2.66 |
| Shares outstanding | 163.9M | 160.3M | 161.9M | 166.7M | 164.6M | 170.0M | 164.7M | 164.7M |
| Current ratio | 0.75 | 1.52 | 1.92 | 1.13 | 1.61 | 1.22 | 1.17 | 1.33 |
| Quick ratio | 0.39 | 0.84 | 0.80 | 0.84 | 1.36 | 0.85 | 0.72 | 0.89 |
| Debt / equity | 3.47 | 6.58 | 4.72 | 2.37 | 2.02 | 2.67 | 4.56 | 1.60 |
| Equity / assets | 18.4% | 11.5% | 15.3% | 25.4% | 28.1% | 23.7% | 15.4% | 33.5% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $184.0M | $133.4M | $102.9M | $226.0M | $166.1M | $152.0M | $170.0M | $204.2M | $148.8M | $165.5M | $176.5M | $211.3M |
| Cash & equivalents | $184.0M | $133.4M | $102.9M | $226.0M | $166.1M | $152.0M | $170.0M | $204.2M | $148.8M | $165.5M | $176.5M | $211.3M |
| Receivables | $155.2M | $198.9M | $132.0M | $204.2M | $328.6M | $214.1M | $193.3M | $190.3M | $209.2M | $173.3M | $167.2M | $185.2M |
| Inventory | $52.1M | $49.5M | $52.4M | $65.2M | $67.2M | $63.8M | $67.5M | $69.9M | $70.5M | $82.9M | $83.2M | $83.4M |
| Other current assets | $162.6M | $119.5M | $253.6M | $89.7M | $174.8M | $241.4M | $226.6M | $282.8M | $329.1M | $394.1M | $394.2M | $377.9M |
| Total current assets | $553.9M | $501.4M | $540.9M | $585.1M | $736.7M | $671.4M | $657.4M | $747.2M | $757.6M | $815.8M | $821.1M | $857.8M |
| Property, plant & equipment (net) | $1.04B | $1.01B | $985.3M | $1.33B | $1.32B | $1.27B | $2.39B | $2.78B | $2.80B | $2.81B | $2.83B | $2.80B |
| Goodwill & intangible assets | $1.82B | $1.82B | $1.84B | $2.10B | $2.10B | $2.08B | $2.07B | $2.10B | $2.15B | $2.16B | $2.20B | $2.18B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $125.0M | $124.1M | $798.0M | $137.5M | $120.9M | $1.28B | $140.9M | $126.6M | $114.1M | $100.3M | $66.5M | $51.2M |
| Total assets | $3.54B | $3.46B | $4.16B | $4.15B | $4.28B | $5.30B | $5.26B | $5.76B | $5.83B | $5.89B | $5.91B | $5.89B |
| Liabilities | ||||||||||||
| Accounts payable | $128.5M | $105.4M | $93.0M | $89.4M | $118.9M | $110.4M | $95.3M | $78.8M | $72.1M | $82.8M | $67.5M | $90.4M |
| Short-term debt | $26.2M | $25.4M | — | $277.8M | $282.2M | $32.2M | $33.2M | $32.9M | $33.3M | $33.0M | $32.7M | $31.9M |
| Deferred revenue | — | $30.4M | — | $29.6M | $30.2M | $31.1M | — | $31.8M | $2.1M | $2.0M | $30.5M | $314.7M |
| Total current liabilities | $376.7M | $362.1M | $725.8M | $648.1M | $661.1M | $457.3M | $433.9M | $393.7M | $359.2M | $439.1M | $427.2M | $475.3M |
| Long-term debt | $1.66B | $1.66B | $1.88B | $1.94B | $2.09B | $2.62B | $2.66B | $2.73B | $2.86B | $2.91B | $2.91B | $2.88B |
| Lease obligations | $535.3M | $516.9M | $501.5M | $541.1M | $525.6M | $506.0M | $1.30B | $1.31B | $1.32B | $1.32B | $1.33B | $1.33B |
| Other long-term liabilities | $670.3M | $637.2M | $784.1M | $774.7M | $784.5M | $1.58B | $1.56B | $1.67B | $1.67B | $1.64B | $1.67B | $1.65B |
| Total liabilities | $2.71B | $2.66B | $3.39B | $3.36B | $3.54B | $4.66B | $4.65B | $4.80B | $4.88B | $4.98B | $5.00B | $5.01B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $1.6M | $1.6M | — | $1.6M | $1.6M | $1.6M | $1.6M | $1.6M | $1.6M | $1.6M | $1.6M | $1.6M |
| Retained earnings (deficit) | −$864.1M | −$898.4M | −$953.2M | −$888.7M | −$949.5M | −$997.1M | −$1.00B | −$690.6M | −$675.7M | −$705.8M | −$710.1M | −$696.9M |
| Accumulated other comprehensive income | −$49.7M | −$47.7M | — | −$44.7M | −$29.6M | −$70.9M | −$91.6M | −$36.2M | −$58.0M | −$54.4M | −$37.9M | −$71.2M |
| Total shareholders' equity | $833.3M | $796.7M | $767.2M | $793.5M | $743.4M | $643.2M | $607.3M | $962.8M | $942.8M | $906.2M | $906.1M | $880.3M |
| Key figures | ||||||||||||
| Total debt | $2.22B | $2.20B | $1.88B | $2.76B | $2.90B | $3.15B | $4.00B | $4.08B | $4.21B | $4.26B | $4.28B | $4.24B |
| Net cash (debt) | −$2.04B | −$2.07B | −$1.78B | −$2.53B | −$2.74B | −$3.00B | −$3.83B | −$3.87B | −$4.06B | −$4.09B | −$4.10B | −$4.03B |
| Working capital | $177.2M | $139.2M | −$185.0M | −$63.0M | $75.6M | $214.1M | $223.5M | $353.5M | $398.4M | $376.8M | $393.9M | $382.4M |
| Tangible book value | −$982.2M | −$1.03B | −$1.07B | −$1.31B | −$1.36B | −$1.43B | −$1.46B | −$1.14B | −$1.21B | −$1.26B | −$1.29B | −$1.30B |
| Book value per share | $5.05 | $4.84 | $4.66 | $4.81 | $4.53 | $3.98 | $3.79 | $6.02 | $5.86 | $5.64 | $5.68 | $5.42 |
| Shares outstanding | 164.9M | 164.6M | 164.5M | 165.1M | 164.2M | 161.8M | 160.4M | 159.8M | 160.8M | 160.6M | 159.6M | 162.4M |
| Current ratio | 1.47 | 1.38 | 0.75 | 0.90 | 1.11 | 1.47 | 1.52 | 1.90 | 2.11 | 1.86 | 1.92 | 1.80 |
| Quick ratio | 0.90 | 0.92 | 0.32 | 0.66 | 0.75 | 0.80 | 0.84 | 1.00 | 1.00 | 0.77 | 0.80 | 0.83 |
| Debt / equity | 2.66 | 2.77 | 2.45 | 3.47 | 3.90 | 4.90 | 6.58 | 4.23 | 4.46 | 4.70 | 4.72 | 4.82 |
| Equity / assets | 23.5% | 23.0% | 18.4% | 19.1% | 17.4% | 12.1% | 11.5% | 16.7% | 16.2% | 15.4% | 15.3% | 15.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed May 19, 2026); data from EODHD.
DRVN financial position
At the end of fiscal 2025 (December 31, 2025), Driven Brands had total assets of $4.2 billion (down 20.9% from a year earlier), total liabilities of $3.4 billion and shareholders' equity of $767.2 million. It held $102.9 million in cash and short-term investments against $2.7 billion of debt, net debt of $2.6 billion. Its current ratio was 0.75. In the latest quarter (ended June 30, 2026) total assets were $3.5 billion and equity $833.3 million.
Related: DRVN income statement, DRVN cash flow statement, DRVN key metrics. See the DRVN stock overview for the latest quote and news.
DRVN balance sheet FAQ
What are Driven Brands's total assets?
Driven Brands reported total assets of $4.2 billion at the end of fiscal 2025 (December 31, 2025), compared with $5.3 billion a year earlier.
How much debt does Driven Brands have?
Driven Brands had $2.7 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 3.47.
How much cash does Driven Brands have?
Driven Brands held $102.9 million in cash and short-term investments at the end of fiscal 2025; with $2.7 billion of debt that is net debt of $2.6 billion.
What is Driven Brands's book value?
Driven Brands's shareholders' equity (book value) was $767.2 million at the end of fiscal 2025, or $4.68 per share.
What is Driven Brands's current ratio?
Driven Brands had current assets of $540.9 million and current liabilities of $725.8 million, a current ratio of 0.75 (current liabilities exceed current assets).
How much goodwill does Driven Brands have?
Driven Brands carried $1.8 billion of goodwill and intangible assets, 44.1% of total assets, at the end of fiscal 2025.