Red Flags Detected
- Material Weakness (new) — Five distinct material weaknesses identified in internal controls (control environment, reconciliations, leases, consolidation, journal entries), reversing prior year's clean opinion and triggering restatement.
- Restatement (new) — Restated fiscal 2024 and 2023 annual financials plus quarterly periods for fiscal 2024 and 2025 to correct misstatements identified during accounting review.
Driven Brands exits car wash, cuts debt $500M, discloses control failures and restatement
Filed May 19, 2026 · Period ending December 27, 2025 · Compared to 10-K Feb 26, 2025 · ~2 min read
5 material changes detected in this filing.
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View original filing on SEC.gov
Generated by AI · May 26, 2026 11:22 AM