DRVN · CIK 1804745
What Driven Brands Holdings, Inc. told the SEC could break it.
The most distinctive item in Driven Brands' register is an internal-controls problem: it identified material weaknesses in its financial reporting and restated its fiscal 2024 and 2023 financial statements, raising the risk of late filings, Nasdaq listing issues and debt-covenant defaults. Its operating exposures are more routine for an auto-services chain — costs for motor oil, paint and consumables track global commodity prices under contracts that generally aren't fixed, and its locations are concentrated in a handful of states (California, Texas, Florida, Illinois, Ohio) plus Ontario and Quebec, so a regional economic shock or severe weather there could weigh disproportionately on sales.
3 self-disclosed vulnerabilities, pulled from its own filings, each in the company’s words, with the source. This is the risk register almost nobody reads.
In its own words
What could break it.
Commodity & input dependence
- Motor oil, paint and consumables (global commodity prices)medium
Driven buys motor oil, paint and consumables whose costs track global commodity prices; supplier contracts are generally not fixed, exposing it to supplier-imposed price increases it must absorb or pass through.
“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.”
SEC filing →As of 2026
Geographic concentration
- Location concentration in CA, TX, FL, IL, OH (and Ontario/Quebec)medium
Driven's locations are most concentrated in California, Texas, Florida, Illinois and Ohio (and Ontario and Quebec in Canada), so adverse economic conditions, weather or disasters in those areas could disproportionately hurt sales.
“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.”
SEC filing →As of 2026
Other disclosures
- Material weaknesses and restatement of prior financialsmedium
Driven identified material weaknesses in internal control over financial reporting and restated its FY2024 and FY2023 financial statements, raising risks of late filings, Nasdaq listing issues and debt-covenant defaults.
“We have restated our previously issued audited consolidated financial statements for fiscal years 2024 and 2023 contained in the 2024 Form 10-K.”
SEC filing →As of 2026
In the MyPRIA app, this is checked against the companies you actually own.
← World Watch