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Driven Brands Holdings cash flow, quarter by quarter

Latest: Q2 2026 · from the cash-flow statements filed with the SEC

Free cash flow$28.9M in Q2 2026 · $134M over twelve months

Operating cash flow$75.7M
Capital spending−$46.8M
Free cash flow+$28.9M
Cash / net income2.2×

Analysis

In Q2 2026, Driven Brands Holdings generated $75.7M of operating cash flow and spent $46.8M on capital projects, leaving free cash flow of $28.9M.

Over the twelve months to Jun 27, 2026, operating cash flow was $313M; the largest uses were net borrowing (+) / repaid (−) ($1.2B), capital spending ($179M), acquisitions ($5.2M); besides operations, cash came from asset & business sales ($499M), other financing ($470M); the cash balance rose by $62.0M.

Operating cash flow was $75.7M against net income of $34.2M — 2.2× profit, cash ran ahead of reported earnings. The largest differences: payables +$23.6M, depreciation & amortization +$22.2M, deferred taxes +$9.3M.

Free cash flow

Driven Brands Holdings: free cash flow by quarterDriven Brands Holdings: free cash flow by quarter$38.7MQ3 2024−$29.1MQ4 2024$8.6MQ1 2025$17.4MQ2 2025$45.7MQ3 2025$36.2MQ4 2025$23.1MQ1 2026$28.9MQ2 2026
Operating cash flow less capital spending.
Driven Brands Holdings: operating cash flow against capital spendingDriven Brands Holdings: operating cash flow against capital spendingOperating cash flowCapital spending$105M$66.6MQ3 2024$37.0M$66.1MQ4 2024$76.3M$67.8MQ1 2025$74.3M$56.9MQ2 2025$89.4M$43.7MQ3 2025$90.6M$54.4MQ4 2025$57.2M$34.1MQ1 2026$75.7M$46.8MQ2 2026
Latest (Q2 2026): Operating cash flow $75.7M, Capital spending $46.8M.

Capital allocation, year by year

Driven Brands Holdings: where the cash came from (up) and went (down), by fiscal yearDriven Brands Holdings: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingAcquisitionsBuybacksFY2021: Operating cash flow $284MFY2021: Net borrowing $209MFY2021: Shares issued $662MFY2021: Asset sales $4.0MFY2021: Capital spending −$161MFY2021: Acquisitions −$801MFY2021: Buybacks −$43.0M$1.2BFY2021FY2022: Operating cash flow $197MFY2022: Net borrowing $341MFY2022: Shares issued $340KFY2022: Asset sales $25.2MFY2022: Capital spending −$436MFY2022: Acquisitions −$763M$564MFY2022FY2023: Operating cash flow $229MFY2023: Net borrowing $215MFY2023: Shares issued $6.1MFY2023: Asset sales $10.0MFY2023: Capital spending −$596MFY2023: Acquisitions −$59.6MFY2023: Buybacks −$50.0M$460MFY2023FY2024: Operating cash flow $244MFY2024: Net borrowing −$304MFY2024: Asset sales $290MFY2024: Capital spending −$289MFY2024: Acquisitions −$3.0M$534MFY2024FY2025: Operating cash flow $331MFY2025: Net borrowing −$550MFY2025: Asset sales $281MFY2025: Capital spending −$223MFY2025: Acquisitions −$11.3M$611MFY2025
Over these 5 years operating cash flow totalled $1.3B; the largest uses were capital spending ($1.7B) and acquisitions ($1.6B). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$184M
Debt$1.7B
Net debt$1.5B
Due within a year$277M

Driven Brands Holdings funds itself: free cash flow was $134M over the last twelve months, and $184M of cash and investments stands against $1.7B of debt ($277M due within a year, 0.7× covered by cash).

Driven Brands Holdings: debt maturities by year (FY2025)Driven Brands Holdings: debt maturities by year (FY2025)$277MYear 1$183MYear 2$830MYear 3$9.7MYear 4$622MYear 5$266MAfter year 5
Principal due in each year as disclosed in the annual report, against $184M of cash and investments now.

Where the cash came from and went

Driven Brands Holdings: sources (+) and uses (−) of cash, Q2 2026Driven Brands Holdings: sources (+) and uses (−) of cash, Q2 2026Operating cash flow$75.7MCash drawn (+) / kept (−)−$54.9MCapital spending−$46.8MAsset & business sales$17.3MOther investing$15.8MNet borrowing (+) / repaid (−)−$5.2MExchange rates−$878KTaxes on employees’ shares−$688KOther financing−$295K
Driven Brands Holdings: sources (+) and uses (−) of cash, TTM to Q2 2026Driven Brands Holdings: sources (+) and uses (−) of cash, TTM to Q2 2026Net borrowing (+) / repaid (−)−$1.2BAsset & business sales$499MOther financing$470MOperating cash flow$313MOther investing$186MCapital spending−$179MCash drawn (+) / kept (−)−$62.0MAcquisitions−$5.2MTaxes on employees’ shares−$4.0MExchange rates−$1.3M

From profit to cash

Driven Brands Holdings: net income to operating cash flow, Q2 2026Driven Brands Holdings: net income to operating cash flow, Q2 2026Net income$34.2MDepreciation & amortization$22.2MStock-based pay$5.0MDeferred taxes$9.3MGains on disposals$2.5MOther non-cash−$258KInventory−$2.6MPayables$23.6MDeferred revenue$463KPrepaid and other assets−$4.5MOperating cash flow$75.7M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingAcquisitionsBuybacksNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q2 2026$75.7M−$46.8M——−$5.2M−$54.9M$28.9M
Q1 2026$57.2M−$34.1M——−$479M$5.1M$23.1M
Q4 2025$90.6M−$54.4M−$3.1M—−$60.6M−$8.6M$36.2M
Q3 2025$89.4M−$43.7M−$2.1M—−$172M−$3.6M$45.7M
Q2 2025$74.3M−$56.9M−$6.0M—−$273M−$9.0M$17.4M
Q1 2025$76.3M−$67.8M——−$45.0M$17.3M$8.6M
Q4 2024$37.0M−$66.1M−$231K—−$76.0M$41.8M−$29.1M
Q3 2024$105M−$66.6M—$2K−$389M−$64.3M$38.7M

Driven Brands Holdings: income statement and cash flow

Driven Brands Holdings, Q2 2026: revenue $507M (+7% year over year), operating margin 14.4%. The chart follows the revenue to costs, profit and cash.

Driven Brands Holdings: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.