Risk Sleuth

DRVN · 10-K filed 19 May 2026 · year to 27 Dec 2025

Driven Brands Holdings

25 named things its latest annual report says its results depend on, each in the company's own words. 18 of them are also named by other companies we've read.

Read the filing on SEC.gov ↗

Customers

Insurance carriers

earns fromnamed as a risk

A significant portion of the profits generated by certain of our brands in the Franchise Brands segment, such as ABRA, CARSTAR, and Fix Auto as well as our Auto Glass Now segment are derived from insurance companies.Risk factors (Item 1A)

Also named by BRO

Suppliers

Oil suppliers

depends onnamed as a risk

We benefit from negotiated discounts with certain large oil and other suppliers based on our scale and ability to meet volume requirements.Risk factors (Item 1A)

Partners and platforms

Mondofix

depends onnamed as a risk

Registrations for “Fix Auto” are owned and maintained by a third-party licensor.Risk factors (Item 1A)

Driven Advantage

earns fromnamed as a risk

In addition, our Driven Advantage platform allows our company-operated stores and certain partners to purchase many of the products and supplies necessary to operate their locations.Risk factors (Item 1A)

Other companies

U.S. Car Wash lease guarantees

named as a risk

We remain the guarantor under certain of the leases.Risk factors (Item 1A)

Places

Canada

operates in · 271 locations across Canadanamed as a risk

We are exposed to market risk due to changes in currency exchange rate fluctuations for revenues generated by our operations in Canada and Europe which can adversely impact our net income and cash flows.Market risk (Item 7A)

Also named by AAP, AJG, ALL, AMRC, AOS, ARE, BBY, BF/B and 97 more

California

concentrated innamed as a risk

In the U.S., our locations were most concentrated in California, Texas, Florida, Illinois, and Ohio, in Canada our locations were most concentrated in Ontario and Quebec.Risk factors (Item 1A)

Also named by A, AAON, AFRM, ALK, ALLY, AN, ARE, AVAV and 88 more

Texas

concentrated innamed as a risk

In the U.S., our locations were most concentrated in California, Texas, Florida, Illinois, and Ohio, in Canada our locations were most concentrated in Ontario and Quebec.Risk factors (Item 1A)

Also named by ABR, AFRM, ALLY, AN, ASO, ASTS, ATO, AXP and 70 more

Florida

concentrated innamed as a risk

In the U.S., our locations were most concentrated in California, Texas, Florida, Illinois, and Ohio, in Canada our locations were most concentrated in Ontario and Quebec.Risk factors (Item 1A)

Also named by ABR, ALLY, AN, AXP, AZO, BBY, BJ, BRO and 54 more

Ohio

concentrated innamed as a risk

In the U.S., our locations were most concentrated in California, Texas, Florida, Illinois, and Ohio, in Canada our locations were most concentrated in Ontario and Quebec.Risk factors (Item 1A)

Also named by AM, AR, BBSI, CINF, ELV, FE, INTC, KEY and 6 more

Illinois

concentrated innamed as a risk

In the U.S., our locations were most concentrated in California, Texas, Florida, Illinois, and Ohio, in Canada our locations were most concentrated in Ontario and Quebec.Risk factors (Item 1A)

Also named by AEE, ALL, AWK, CASY, CINF, FPI, NNN, NRP and 4 more

Ontario

concentrated innamed as a risk

In the U.S., our locations were most concentrated in California, Texas, Florida, Illinois, and Ohio, in Canada our locations were most concentrated in Ontario and Quebec.Risk factors (Item 1A)

Also named by BWXT, DKNG, ENB, MYRG, OHI, TAP

Quebec

concentrated innamed as a risk

In the U.S., our locations were most concentrated in California, Texas, Florida, Illinois, and Ohio, in Canada our locations were most concentrated in Ontario and Quebec.Risk factors (Item 1A)

Also named by VTR

Hazards

Iran conflict

exposed to its pricenamed as a risk

In addition, the conflict with Iran could lead to long-term increases in the cost of oil and cause supply chain disruption.Risk factors (Item 1A)

Also named by CAH, DELL, MOD, WSM

Commodities and inputs

SOFR

exposed to its price · $1 millionnamed as a risk

A hypothetical rate increase or decrease of 1% for variable debt held as of December 27, 2025, would have resulted in an increase or decrease of interest expense of $1 million.Market risk (Item 7A)

Also named by AAP, AIOT, APG, APH, ARES, AXON, BGC, BR and 82 more

Canadian dollar

exposed to its pricenamed as a risk

We have attempted to minimize this risk on certain securitization debt with a cross-currency swap to hedge our risk to changes between the U.S. Dollar and Canadian Dollar.Market risk (Item 7A)

Also named by ABBV, ADBE, AMG, AYI, BBY, BWXT, CBRE, CDRE and 67 more

Gasoline

exposed to its pricenamed as a risk

For example, increases in gasoline prices could result in the imposition of fuel surcharges by distributors used by us and our franchisees, which would increase the cost of operations.Risk factors (Item 1A)

Also named by ADM, APG, BJ, CART, COST, EME, FIX, GPC and 2 more

Motor oil

exposed to its pricenamed as a risk

We purchase certain products in the normal course of business, including motor oil, paint, and consumables, the costs of which are affected by global commodity prices.Market risk (Item 7A)

Regulators

Nasdaq

subject tonamed as a risk

As previously disclosed, on April 15, 2026, we received notice from Nasdaq regarding our noncompliance with Nasdaq Listing Rule 5250(c)(1), which requires listed companies to timely file all required periodic financial reports with the SEC.Risk factors (Item 1A)

Also named by CME, ICE

Federal Trade Commission (FTC)

subject to

The FTC requires that franchisors make extensive disclosures to prospective franchisees before the execution of a franchise agreement or the making of any payment to the franchisor or its affiliate relating to a franchise sale.Business (Item 1)

Also named by AMZN, AN, AVGO, BJ, CART, CELH, CHD, CHE and 56 more

Laws and programs

Tax Receivable Agreement

between $100 million and $115 millionnamed as a risk

Assuming there are no material changes in the relevant tax law, and that we and our subsidiaries earn sufficient income to realize the full Pre-IPO and IPO-Related Tax Benefits, we expect that future payments under the Tax Receivable Agreement will aggregate to between $100 million and $115 million.Risk factors (Item 1A)

Also named by ARES, BWIN, EVR, GPGI, OWL, SYM, TW

Securitization Senior Notes

approximately $2 billionnamed as a risk

We had six series of securitization term notes, approximately $2 billion of which were outstanding as of December 27, 2025, and two series of variable funding notes, which had no outstanding balance as of December 27, 2025, pursuant to the Securitization Senior Notes Indenture.Risk factors (Item 1A)

U.S. tariffs

exposed to its pricenamed as a risk

Higher tariffs imposed by the U.S. and elsewhere have increased our supply costs and could adversely impact our profitability if we are unable to pass along those higher costs to our customers.Risk factors (Item 1A)

Also named by A, AAPL, ACHR, ADI, AEHR, AEP, AIOT, AKAM and 170 more

California wage and hour laws

subject tonamed as a risk

Additionally, depending upon the outcome and application of certain legal proceedings pending or concluded in federal and state courts in California involving the wage and hour laws of California in another franchise system, franchisors may be subject to claims that their franchisees should be treated as employees and not as independent contractors under the wage and hour laws of California and, potentially, certain other states with similar wage and hour laws.Risk factors (Item 1A)

Also named by CVLG, HTLD

Technology

Electric and self-driving vehicles

named as a risk

The demand for our automotive repair and maintenance services and products may be adversely affected by continuing developments in automotive technology, including self-driving and electric vehicles and shared mobility.Risk factors (Item 1A)