Filing Flows › Driven Brands Holdings (DRVN) › Q1 2025
Driven Brands Holdings (DRVN) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
Driven Brands Holdings (DRVN) reported revenue of $516M for the first quarter 2025 (Q1 2025), +7% from a year earlier and +21% from the quarter before. Operating margin was 11.9%, net earnings $17.2M (3.3% of revenue).
Driven Brands Holdings, Q1 2025: revenue $516M (+7% year over year), operating margin 11.9%, net earnings $17.2M, operating cash flow $76.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $516M | +21% | +7% |
| Operating profit | $61.3M | — | -10% |
| Net earnings | $17.2M | — | +303% |
| Operating cash flow | $76.3M | +106% | +28% |
| Free cash flow | $20.1M | — | — |
What changed
Revenue was $516.2M in Q1 2025, up 7% year over year and up 21% from the previous quarter.
Operating profit was $61.3M, a 11.9% margin (down 2.3 points year over year). Operating profit fell $6.8M even though revenue rose $34.2M versus a year earlier, so costs grew faster than sales. Total costs grew 10% against revenue growth of 7%. The fastest-growing cost line was SG&A (+16%). Net earnings were $17.2M, up 303% year over year ($5.5M including minority interests, which bore $11.7M of losses). The effective tax rate was 56.1%.
Operating cash flow was $76.3M (up 28% year over year), 1386% of net income including minority interests. Non-cash charges added back $35.4M of depreciation and amortization and $12.3M of share-based compensation. Working capital and other items added $23.2M. Capital expenditures of $56.2M left free cash flow of $20.1M.
Questions
What was Driven Brands Holdings' revenue in the first quarter 2025?
Driven Brands Holdings (DRVN) reported revenue of $516M for the first quarter 2025 (Q1 2025), +7% from a year earlier and +21% from the quarter before.
Was Driven Brands Holdings profitable in the first quarter 2025?
Operating profit was $61.3M (11.9% of revenue) and net earnings $17.2M.